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$ 925,000
Est. payment | /mo
5 Beds
4 Baths
2,598 SqFt
$ 925,000
Est. payment | /mo
5 Beds
4 Baths
2,598 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,598 sqft
Price per Sqft $356
MLS Listing ID 26106661
Bedrooms 5
HOA Y/N No
Year Built 1923
Lot Size 5,309 Sqft
Property Description
BOYLE HEIGHTS FOURPLEX WITH 3 UNITS VACANT AT CLOSE! Offered at $925,000, 607 N St Louis Street is a four-unit property featuring (1) 2-bedroom/1-bathroom unit and (3) 1-bedroom/1-bathroom units. Three units have renovated interiors and will be delivered vacant, allowing a buyer to set market rents or occupy one unit and rent the others. Built in 1923, the property offers 2,598 rentable square feet on a 5,311-square-foot lot, with gated on-site parking. Gas and electricity are separately metered, and tenants pay gas, electricity, and trash. The property offers a projected 7.00% cap rate and 10.20 GRM, with an estimated 13.58% rental upside to an 8.29% pro forma cap rate. Located near Downtown Los Angeles, the Arts District, and USC's Health Sciences Campus, the property offers convenient access to the 5, 10, 60, and 101 freeways.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAR2
Interior
Fireplace No
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5175027002
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Financing Conventional
Special Listing Condition Standard
Listed by Oscar Diaz Marcus & Millichap #02022902
Nearby Locations
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Monique H. Ott-Beacham
Broker License ID: DRE #01448692
Broker License ID: DRE #01448692