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Value-Add Mixed-Use Boyle Heights 405 S Boyle Ave 16 Unit Apartment Building For Sale Los Angeles, CA 90033
Investment Highlights
- Tremendous value-add opportunity
- Retail on month to month leases
- Secure, gated parking
- 16 apartment units + 3 signalized corner retail units
- Completed seismic retrofit
Executive Summary
Darin Spillman, as exclusive listing agent, is pleased to present this 2 building mixed-use asset in Boyle Heights on the signalized corner of 4th Street and Boyle Avenue, with tremendous views of Downtown L.A. and a few blocks from Little Tokyo & the Arts District.
16 units built in 1961 totaling approx. 7,109 SF and a separate 3-unit storefront retail building of approx. 3,360 SF.
Apartment units consist of one 3 bed 2 bath, one 1 bed 1 bath, and 14 studio + 1 bath units. Property underwent earthquake retrofit and SB 721 balcony inspection.
All offers are encouraged.
Seller may consider carrying a 1st trust deed with $1 million down payment. Other terms to be determined.
Separately metered for gas and electric. 16 secured, gated parking spaces. Billboard provides additional income (amount and lease terms TBD).
16 units built in 1961 totaling approx. 7,109 SF and a separate 3-unit storefront retail building of approx. 3,360 SF.
Apartment units consist of one 3 bed 2 bath, one 1 bed 1 bath, and 14 studio + 1 bath units. Property underwent earthquake retrofit and SB 721 balcony inspection.
All offers are encouraged.
Seller may consider carrying a 1st trust deed with $1 million down payment. Other terms to be determined.
Separately metered for gas and electric. 16 secured, gated parking spaces. Billboard provides additional income (amount and lease terms TBD).
Property Facts
| Sale Type | Investment | Lot Size | 0.43 AC |
| No. Units | 16 | Building Size | 10,469 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1928 |
| Building Class | C | Parking Ratio | 1.43/1,000 SF |
| Zoning | C2-1-RIO-CUGU - Commercial Zone. Proposed Zone [LM3-G2-4][CX5-8]. Located in an Enterprise Zone | ||
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 10,469 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | C2-1-RIO-CUGU - Commercial Zone. Proposed Zone [LM3-G2-4][CX5-8]. Located in an Enterprise Zone |
Amenities
- Smoke Detector
Unit Amenities
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Range
- Tub/Shower
- Carpet
- Wi-Fi
- Handrails
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Property Manager on Site
- Gated
- Gas Range
- Wi-Fi
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | - |
| 3+2 | 1 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5174-002-013 | Improvements Assessment | $232,180 |
| Land Assessment | $104,290 | Total Assessment | $336,470 |
Property Taxes
Parcel Number
5174-002-013
Land Assessment
$104,290
Improvements Assessment
$232,180
Total Assessment
$336,470
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Value-Add Mixed-Use Boyle Heights | 405 S Boyle Ave
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