131 S Boyle Avenue, Los Angeles, CA 90033

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).

Listing description from the January 2026 sale, as reported to CRMLS.

Sale history

$1,400,000

Sold January 2026 · listed $1,495,000, orig. $1,600,000, on market September 2025 · MLS #25599703 · Source: CRMLS

Listing Agent: Tony Azzi · Listing Office: Tony Azzi · Contact: 310-909-5454 · Bought with: Tony Azzi · Tony Azzi

$1,650,000

Sold December 2020 · listed $1,850,000, on market September 2020 · MLS #20629502 · Source: CRMLS

Listing Agent: Neema Ahadian · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Neema Ahadian · Marcus & Millichap

$700,000

Sold September 2015 · listed $795,000, orig. $879,000, on market May 2015 · MLS #15907423 · Source: CRMLS

Listing Agent: Michael A Salerno · Listing Office: Miller & Desatnik Realty Co. · Contact: 310-202-9166 · Bought with: Michael A Salerno · Miller & Desatnik Realty Co.

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