3-Bedroom ResidentialIncome — 131 S Boyle Avenue, Los Angeles, CA
$1,495,000
131 S Boyle Avenue, Los Angeles, CA
About this property
131 S Boyle Avenue is a 15-unit multifamily property in the heart of Boyle Heights, just east of Downtown Los Angeles. Built in 1887 and designated a Los Angeles Historic-Cultural Monument, the former Simon Gless Farmhouse showcases over 125 years of architectural charm on a 10,170 SF LAR4-zoned lot. The property features (12) studios and (3) one-bedroom units across 4,709 SF, with master-metered utilities. Residents benefit from a highly walkable location near the Arts District, Little Tokyo, White Memorial Hospital, and Mariachi Plaza Metro Station (E Line), with direct freeway access for seamless connectivity across Los Angeles. Offering a true 9.55% cap rate and 6.65 GRM on current income, the asset provides stable cash flow with meaningful upside through rent optimization. The large lot also allows for future redevelopment or ADU potential (buyer to verify, subject to historic review).
Property details
Location
131 S Boyle Avenue • Los Angeles, CA 90033
Listed by
Tony Azzi · Tony Azzi