310-592-8269
405 S Boyle Ave, Los Angeles, CA for Sale
Apartments - FOR SALE
1/35
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405 S Boyle Ave
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • Tremendous value-add opportunity
  • 16 apartment units + 3 signalized corner retail units
  • Retail on month to month leases
  • Completed seismic retrofit
  • Secure, gated parking

OVERVIEW

Darin Spillman, as exclusive listing agent, is pleased to present this 2 building mixed-use asset in Boyle Heights on the signalized corner of 4th Street and Boyle Avenue, with tremendous views of Downtown L.A. and a few blocks from Little Tokyo & the Arts District. 16 units built in 1961 totaling approx. 7,109 SF and a separate 3-unit storefront retail building of approx. 3,360 SF. Apartment units consist of one 3 bed 2 bath, one 1 bed 1 bath, and 14 studio + 1 bath units. Property underwent earthquake retrofit and SB 721 balcony inspection. All offers are encouraged. Seller may consider carrying a 1st trust deed with $1 million down payment. Other terms to be determined. Separately metered for gas and electric. 16 secured, gated parking spaces. Billboard provides additional income (amount and lease terms TBD).

FOR SALE DETAILS

PRICE

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# OF UNITS

16

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Mixed-Use Boyle Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

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

Darin SpillmanKidder MathewsMore Info
310-592-8269

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Darin SpillmanKidder MathewsMore Info
310-592-8269

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