405 S Boyle Ave - Apartments FOR SALE


Los Angeles, CA 90033- Boyle Heights
$3,799,000 USD
323-722-7300
405 S Boyle Ave, Los Angeles, CA for Sale
$3,799,000 USD
Apartments - FOR SALE
1/28
null | 2% Cap Rate

405 S Boyle Ave
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Public Transportion
  • Downtown L.A. adjacent

OVERVIEW

The subject is a "mixed use" income property comprised of a 16 unit multi-family apartment building and a separate 3 unit retail building. The property is located at the corner of a signalized intersection (Boyle and East 4th St) in the heart of Boyle Heights and adjacent to Downtown L.A. The two buildings sit on a large C2 lot located in the East Los Angeles Enterprise Zone with an Overlay Mixed Use Neighborhood Community Plan. Several of the units enjoy an incredible view of Downtown L.A. and 6th Street Bridge. Most of the units are singles, one unit is 1 bed/1 bath, and one unit is a 3 bed/2 bath. The property has been owned by the same family that built the residential units and have maintained it well with several upgrades. The property has been Earthquake Retrofitted back in June 2023. Seller carryback financing is an option. * 5 units are now vacant as of 5/15/25 *

FOR SALE DETAILS

PRICE

$3,799,000 USD

PRICE/SF

$363 USD /SF

# OF UNITS

19

PRICE/UNIT

$199,947

CAP RATE

2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,730 SF

ZONING

C2-1-RIO-CUGU

APN/PARCEL ID

5174-002-013

ASK ABOUT THIS PROPERTY

Jack HadjinianCentury 21 Realty MastersMore Info
323-722-7300

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Jack HadjinianCentury 21 Realty MastersMore Info
323-722-7300

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