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451 S Breed St 5 Unit Apartment Building $924,995 ($184,999/Unit) 6.47% Cap Rate Los Angeles, CA 90033
EXECUTIVE SUMMARY
Excellent Boyle Heights location. A classic Los Angeles turn of the century single family home with a separate four unit apartment building on one lot.
One unit can be delivered vacant or leased and professionally managed based on the Buyer's needs. Zoned LARD1.5 multifamily residential. The front house has been renovated and leased at market rate. The fourplex has a mix older and newer renovations. Excellent opportunity to achieve attractive cash flows. -This property is priced to sell with a real 6.5% CAP rate on current rents. Lots of upside potential for this property. Boyle Heights is one of LA's most iconic neighborhoods, close to parks, schools and access to nearby employment and entertainment centers. The front house is 3 beds, 2baths.
The fourplex units are all 2 bed 1bath. Five off street parking spaces with security gate access.
One unit can be delivered vacant or leased and professionally managed based on the Buyer's needs. Zoned LARD1.5 multifamily residential. The front house has been renovated and leased at market rate. The fourplex has a mix older and newer renovations. Excellent opportunity to achieve attractive cash flows. -This property is priced to sell with a real 6.5% CAP rate on current rents. Lots of upside potential for this property. Boyle Heights is one of LA's most iconic neighborhoods, close to parks, schools and access to nearby employment and entertainment centers. The front house is 3 beds, 2baths.
The fourplex units are all 2 bed 1bath. Five off street parking spaces with security gate access.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$52,150
|
$13.38
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $52,150 |
| Annual Per SF | $13.38 |
PROPERTY FACTS
| Price | $924,995 | Building Class | C |
| Price Per Unit | $184,999 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 3,898 SF |
| Cap Rate | 6.47% | Average Occupancy | 80% |
| Gross Rent Multiplier | 9.7 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1895 |
| Property Type | Multifamily | Parking Ratio | 1.28/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $924,995 |
| Price Per Unit | $184,999 |
| Sale Type | Investment |
| Cap Rate | 6.47% |
| Gross Rent Multiplier | 9.7 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,898 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1895 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
SITE AMENITIES
- Courtyard
- Fenced Lot
- Gated
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 5183-017-019 | Improvements Assessment | $276,420 |
| Land Assessment | $600,920 | Total Assessment | $877,340 |
PROPERTY TAXES
Parcel Number
5183-017-019
Land Assessment
$600,920
Improvements Assessment
$276,420
Total Assessment
$877,340
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451 S Breed St
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