3 of 4 UNITS DELIVERD VACANT! 605 N St Louis is a 4-unit multifamily property in the Boyle Heights submarket of Los Angeles. The property includes 4 spacious units: (1) 2-Bed/1-bath owner's unit and (3) 1-Bed/1-bath units. For owner-users, it's a perfect opportunity to occupy one unit, while having the additional three cover your mortgage. The buyer can lease the units out at market rent and operate at a 6.91% Cap Rate and 10.36 GRM, with upside up to an 8.0% Cap Rate. All vacant units have been remodeled with new vinyl flooring, paint, common area landscaping, plumbing updates + more. Located in the heart of Boyle Heights, a vibrant and culturally diverse neighborhood known for its rich history, tight-knit community, and eclectic mix of cuisines, Boyle Heights offers a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene. It is in close proximity to the train line stop and within walking distance of Hollenbeck Park, restaurants, bars and nightlife.
| MLS # | SB26096719 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 161 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Aaron Jacobson |
| SQ Feet | 2,598 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.12 |
| Appliances | Gas Range |
|---|
| Lot Features | Zero To One Unit Acre |
|---|
| Garage Yes / No | No |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Curbs, Suburban, Sidewalks, Urban |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $939,000 low | high Med: $1,000,000 sqft: 2,598 low | high Med: 2,335 $ / sqft: $361 low | high Med: $428 On site: 161 low | high Med: 318 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $939,000 low | high Med: $1,000,000 sqft: 2,598 low | high Med: 2,335 $ / sqft: $361 low | high Med: $428 On site: 161 low | high Med: 318 | |