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667-669 N Boyle Ave 6 Unit Apartment Building $1,050,000 ($175,000/Unit) 6.01% Cap Rate Los Angeles, CA 90033
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.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$103,313
|
$22.47
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$1,033
|
$0.22
|
| Effective Gross Income |
$102,280
|
$22.24
|
| Taxes |
$12,600
|
$2.74
|
| Operating Expenses |
$26,538
|
$5.77
|
| Total Expenses |
$39,138
|
$8.51
|
| Net Operating Income |
$63,142
|
$13.73
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $103,313 |
| Annual Per SF | $22.47 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $1,033 |
| Annual Per SF | $0.22 |
| Effective Gross Income | |
|---|---|
| Annual | $102,280 |
| Annual Per SF | $22.24 |
| Taxes | |
|---|---|
| Annual | $12,600 |
| Annual Per SF | $2.74 |
| Operating Expenses | |
|---|---|
| Annual | $26,538 |
| Annual Per SF | $5.77 |
| Total Expenses | |
|---|---|
| Annual | $39,138 |
| Annual Per SF | $8.51 |
| Net Operating Income | |
|---|---|
| Annual | $63,142 |
| Annual Per SF | $13.73 |
Property Facts
| Price | $1,050,000 | Building Class | C |
| Price Per Unit | $175,000 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 4,598 SF |
| Cap Rate | 6.01% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.16 | No. Stories | 2 |
| No. Units | 6 | Year Built/Renovated | 1901/1967 |
| Property Type | Multifamily | Parking Ratio | 1.3/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 | ||
| Price | $1,050,000 |
| 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 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5174-004-021 | Total Assessment | $916,857 |
| Land Assessment | $550,114 | Annual Taxes | $12,600 ($2.74/SF) |
| Improvements Assessment | $366,743 | Tax Year | 2025 |
Property Taxes
Parcel Number
5174-004-021
Land Assessment
$550,114
Improvements Assessment
$366,743
Total Assessment
$916,857
Annual Taxes
$12,600 ($2.74/SF)
Tax Year
2025
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