223 N Breed Street, Los Angeles, CA 90033
Property
Sold January 2026
Listing Agent: George Morales (DRE #01984555) · Listing Office: Compass · Contact: 310-230-5478 · Bought with: Shant Sherbetdjian · Remax Commercial and Investment Realty · MLS #25580505 · Source: CRMLS
About this property
223 N. Breed Street offers investors a rare value-add opportunity with rents positioned well below market, presenting an estimated 62% income growth potential in a high-demand, densely populated area. Located in vibrant Boyle Heights, the property provides quick access to Downtown Los Angeles, East L.A., Monterey Park, and the Arts District, with convenient Metro Gold Line access at Mariachi Plaza. The neighborhood is known for its diverse dining, nightlife, and cultural attractions. Highlights: 32 units: 8 studios + 24 efficiencies, All units include private bathrooms, 7 units delivered vacant for immediate renovation/repositioning, Significant upside through renovations, leasing strategies, and tenant turnover. With its central location, below-market rents, and strong value-add potential, 223 N. Breed Street is a compelling multifamily investment opportunity.
Listing description from the January 2026 sale, as reported to CRMLS.
Sale history