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115 S Fresno St 6 Unit Apartment Building $850,000 ($141,667/Unit) 8.41% Cap Rate Los Angeles, CA 90063
Executive Summary
Exceptional investment opportunity in the heart of Boyle Heights! 115 S Fresno St is a rare 6-unit multifamily property offering a versatile mix of three detached single-family homes and a rear triplex. Approximately 4,054 square feet of living space on an expansive 8,034 square foot lot. Originally built in 1901, the property includes a 3-car attached garage and presents significant upside potential for investors or owner-occupants. Located minutes from Downtown LA, this property benefits from close proximity to public transportation, schools, and major freeways. Whether you're looking to add to your portfolio or seeking a value-add opportunity in a rapidly evolving neighborhood, this Boyle Heights gem is not to be missed.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $850,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $141,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 8.41% | Building Size | 6,000 SF |
| Sale Condition | Deferred Maintenance | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1901 |
| Property Subtype | Apartment | Parking Ratio | 2.71/1,000 SF |
| Zoning | LAR2 - Two-Family Dwellings R1 Uses, Home Occupations | ||
| Price | $850,000 |
| Price Per Unit | $141,667 |
| Sale Type | Investment |
| Cap Rate | 8.41% |
| Sale Condition | Deferred Maintenance |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1901 |
| Parking Ratio | 2.71/1,000 SF |
| Zoning | LAR2 - Two-Family Dwellings R1 Uses, Home Occupations |
Amenities
Unit Amenities
- Tile Floors
- Refrigerator
- Range
- Walk-In Closets
- Carpet
Site Amenities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,455 | - |
| 3+1 | 1 | $1,888 | - |
| 1+1 | 3 | $1,234 | - |
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Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5179-006-028 | Total Assessment | $554,478 |
| Land Assessment | $284,348 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $270,130 | Tax Year | 2025 |
Property Taxes
Parcel Number
5179-006-028
Land Assessment
$284,348
Improvements Assessment
$270,130
Total Assessment
$554,478
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
115 S Fresno St