605 N St Louis St - Multi-Family FOR SALE


Los Angeles, CA 90033- Boyle Heights
$995,000 USD
310-729-1559
605 N St Louis St, Los Angeles, CA for Sale
$995,000 USD
Multi-Family - FOR SALE
1/14
null | 6.45% Cap Rate

605 N St Louis St
Los Angeles, CA 90033
Boyle Heights


HIGHLIGHTS

  • The property comprises of (3) 1 Bed/1 Bath and (1) 2 Bed/1 Bath Units that are separately metered for electric, gash, and trash
  • WITH 3 OF 4 UNITS DELIVERED VACANT, the property is projected to collect over $7,000 in monthly rent and operate at a 6.45% Cap Rate
  • Conveniently located in East Los Angeles, in close proximity to several trendy coffee shops, restaurants, and major metropolitan hubs

OVERVIEW

3 of 4 UNITS DELIVERED VACANT! 605 N St Louis St presents an excellent opportunity to acquire a well-located 4-Unit building in Boyle Heights. The property features (3) 1 Bed/1 Bath and (1) 2 Bed/1 Bath Units that are separately metered for electric, gas, and trash. The property is projected to operate at a 6.45% cap rate and 10.98 GRM, offering attractive upside in a strong Boyle Heights market. Property is renovated with updated plumbing and interiors, new flooring, new drywall, modern bathrooms, new kitchen cabinets, and laundry on site. The location offers a vibrant and culturally diverse neighborhood known for its rich history, tight-knit community, and eclectic mix of cuisines, with a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

6.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

605 N St Louis St

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,311 SF

ZONING

LA R2

APN/PARCEL ID

5157-027-002

ASK ABOUT THIS PROPERTY

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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