131 S Boyle Ave - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$1,750,000 USD
213-248-7047
131 S Boyle Ave, Los Angeles, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/25
null | 8.2% Cap Rate

131 S Boyle Ave
Los Angeles, CA 90033
Boyle Heights


OVERVIEW

Mariachi Plaza Apartments is a 15-unit apartment community constructed in 1887. Situated on a 10,167 square feet lot, the property consists of (3) Studio/One-Bathroom units, (2) One-Bedroom/Shared-Bathroom units, and (10) Studio/Shared-Bathroom units, totaling an average of 219 square feet per unit. Each unit on the property features its own cooktop, providing added convenience for residents. For units with shared bathroom access, the first floor is equipped with a shower room, two toilet stalls, and one full bathroom, while the second floor offers an additional full bathroom. The property includes 13 on-site parking spaces, three of which are currently unleased, presenting potential income opportunities for new ownership. Six spaces—three in tandem—are leased to the adjacent housing operator, who maintains cleanliness by providing daily hall and shared bathroom cleaning services. Additionally, the property is master metered for both gas and electricity, streamlining utility management. There have been significant capital expenditures over the last five years including: re-piped plumbing, HVAC upgrades, and electrical system upgrades.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

15

PRICE/UNIT

$116,667

CAP RATE

8.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mariachi Plaza Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1887

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,167 SF

ZONING

[Q]R4-1-RIO-CUGU

APN/PARCEL ID

5174-013-022

ASK ABOUT THIS PROPERTY

Alex PetersonNorthmarqMore Info
213-248-7047

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Alex PetersonNorthmarqMore Info
213-248-7047

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.