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Residential Income - 605 N St Louis, Los Angeles, CA

$939,000

605 N St Louis, Los Angeles, CA

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Description

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.

Property details

Year built
1923
Property type
Residential Income
Lot size
5,311 sqft

Location

605 N St Louis • Los Angeles, CA 90033

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Listed by

Aaron Jacobson · Lyon Stahl Investment Real Estate, Inc.

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