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    131 S Boyle Ave

    Los Angeles, CA 90033
    • $1,850,000
    • STATUS: Active
    • ON SITE: 15 days
    • ID#: 20-629502
    UPDATED: 73 min ago
    $1,850,000
    • 15
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,709
      SQFT
    • $393
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1887
    County:

    School Ratings & Info

    Description

    131 S Boyle Ave is a 15-unit true value-add investment opportunity located in Boyle Heights, located just south of E 1st Street with immediate access to the I-5 and I-10 Freeways. The subject property, built in 1887, will be delivered 100% vacant and consists of 15 single occupancy units, 5 units have spaces for a full kitchen. Furthermore, there is a community lobby on the first floor and four communal bathrooms, two on each floor. This investment presents the opportunity to capture a strong market CAP rate of 6.44% and 8.55 GRM, with the ability to reposition the property with interior renovations immediately at the close of escrow. Buyer can potentially convert driveway to on-site gated parking for 12-15 spaces. High walk score of 90, in close proximity to shopping, nightlife and dining attractions; direct access to the I-5 and I-10 Freeways, as well as the CA-60. Boyle Heights is a fast growing, historic, and vibrant neighborhood located just East of Downtown Los Angeles.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-23T23:42:31.58. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/109808156
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    131 S Boyle Ave Los Angeles, CA 90033

    • Price: $1,850,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: 20-629502
    15
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    4,709
    SQFT
    $393
    $/SQFT
    1887
    Built
    Neighborhood:
    Boyle Heights
    County:
    Los Angeles
    Area:
    Boyle Heights
    Property Description
    131 S Boyle Ave is a 15-unit true value-add investment opportunity located in Boyle Heights, located just south of E 1st Street with immediate access to the I-5 and I-10 Freeways. The subject property, built in 1887, will be delivered 100% vacant and consists of 15 single occupancy units, 5 units have spaces for a full kitchen. Furthermore, there is a community lobby on the first floor and four communal bathrooms, two on each floor. This investment presents the opportunity to capture a strong market CAP rate of 6.44% and 8.55 GRM, with the ability to reposition the property with interior renovations immediately at the close of escrow. Buyer can potentially convert driveway to on-site gated parking for 12-15 spaces. High walk score of 90, in close proximity to shopping, nightlife and dining attractions; direct access to the I-5 and I-10 Freeways, as well as the CA-60. Boyle Heights is a fast growing, historic, and vibrant neighborhood located just East of Downtown Los Angeles.
    Exterior Features

    Lot Size Area 10170 Other Structures None Parking Garage Driveway Total Parking 12

    Interior Features

    Baths Total 2.00 Cooling Other Equipment Range/OvenOtherDryerWasher Flooring Hardwood Heating Other Laundry Laundry Area

    Property Features

    Assessed Total Value 714000 Gross Income 192840 Gross Operating Income 177413 Like Units1 9 Like Units2 6 Net Operating Income 101649.00 Number Of Buildings 1 Number Of Units 15 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 75764 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning [Q]R4-1-RIO-CUGU

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-23T23:42:31.58. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377