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605 N St Louis St 605 N St Louis St 4 Unit Apartment Building $975,000 ($243,750/Unit) 6.60% Cap Rate Los Angeles, CA 90033
Investment Highlights
- The property comprises of (3) 1 Bed/1 Bath and (1) 2 Bed/1 Bath Units that are separately metered for electric, gash, and trash
- Conveniently located in East Los Angeles, in close proximity to several trendy coffee shops, restaurants, and major metropolitan hubs
- WITH 3 OF 4 UNITS DELIVERED VACANT, the property is projected to collect over $7,000 in monthly rent and operate at a 6.60% Cap Rate
Executive Summary
3 of 4 UNITS DELIVERED VACANT! 605 N St Louis St presents an excellent opportunity to acquire a well-located 4-Unit building in Boyle Heights. The property features (3) 1 Bed/1 Bath and (1) 2 Bed/1 Bath Units that are separately metered for electric, gas, and trash. The property is projected to operate at a 6.60% cap rate and 10.76 GRM, offering attractive upside in a strong Boyle Heights market. Property is renovated with updated plumbing and interiors, new flooring, new drywall, modern bathrooms, new kitchen cabinets, and laundry on site. The location offers a vibrant and culturally diverse neighborhood known for its rich history, tight-knit community, and eclectic mix of cuisines, with a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene.
Property Facts
| Price | $975,000 | Property Subtype | Apartment |
| Price Per Unit | $243,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.60% | Building Size | 2,598 SF |
| Gross Rent Multiplier | 10.76 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1923 |
| Property Type | Multifamily | ||
| Zoning | LA R2 - Restricted Density Multiple Dwelling | ||
| Price | $975,000 |
| Price Per Unit | $243,750 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Gross Rent Multiplier | 10.76 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,598 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | LA R2 - Restricted Density Multiple Dwelling |
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Very walkable
80/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5175-027-002 | Improvements Assessment | $220,072 |
| Land Assessment | $281,007 | Total Assessment | $501,079 |
Property Taxes
Parcel Number
5175-027-002
Land Assessment
$281,007
Improvements Assessment
$220,072
Total Assessment
$501,079
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605 N St Louis St | 605 N St Louis St