5,309 Sqft Lot
5,309 Sqft Lot
Open House
Sun Aug 23, 11:00am - 1:30pm
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26096719
HOA Y/N No
Year Built 1923
Lot Size 5,309 Sqft
Property Sub-Type Apartment
Property Description
605 N St Louis is a turnkey 4Plex in the heart of Boyle Heights with 3 Units delivered Vacant by the Close of Escrow. This property presents a unique opportunity in the heart of Boyle Heights, surrounded by new coffee shops, restaurants and night-life. It includes 4 spacious units: (1) 2-bed/1-bath owner's unit and (3) 1-bed/1-bath units.
With 3/4 Units vacant, a buyer can lease the units out at market rent and operate at a 6.82% Cap Rate and 10.47 GRM, with upside up to an 8.08% Cap Rate. For owner-users, it's a perfect opportunity to occupy one unit, while having the additional three cover your mortgage.
Located in the heart of Boyle Heights, a vibrant and culturally diverse neighborhood known for its rich history, tight-knit community, and eclectic mix of cuisines, Boyle Heights offers a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene. It is in close proximity to the train line stop and within walking distance of Hollenbeck Park, restaurants, bars and nightlife.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Flooring Vinyl
Fireplace No
Appliance Gas Range
Laundry Inside, Outside
Exterior
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5175027002
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, FHA
Listing Terms Cash, Cash to New Loan, Conventional, Contract, FHA
Special Listing Condition Standard
Nearby Locations
Making real estate fast, fun, and stress-free!