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667-669 N Boyle Ave
Los Angeles, CA 90033
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Priced Above a 6.00% CAP Rate
- Approximately 46% Rental Upside
- Parking for Each Unit
- Mostly Two-Bedroom Units
- Located in Boyle Heights
Executive Summary
669 N. Boyle Avenue is a 6-unit apartment complex located in Boyle Heights. The property consists of two separate structures: one structure built in 1901, and the other one built in 1966. The unit composition includes two (2) one-bedroom units and four (4) two-bedroom units spread across 4,598 rentable square feet. The assets are near Cesar Chavez Avenue and within close proximity to multiple freeways and Prospect Park.
Property Facts
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.01% | Building Size | 4,598 SF |
| Gross Rent Multiplier | 10.16 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1901/1967 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LARD1.5 | ||
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Gross Rent Multiplier | 10.16 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,598 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1901/1967 |
| Parking Ratio | 1.3/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,408 | 600 |
| 2+1 | 4 | $1,448 | 850 |
Property Taxes
| Parcel Number | 5174-004-021 | Improvements Assessment | $366,743 |
| Land Assessment | $550,114 | Total Assessment | $916,857 |
Property Taxes
Parcel Number
5174-004-021
Land Assessment
$550,114
Improvements Assessment
$366,743
Total Assessment
$916,857
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