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532 S St Louis Street

Los Angeles (City), CA 90033
  • $1,650,000
  • STATUS: Active
  • ON SITE: 8 Days
  • ID#: 24357419
$1,650,000
  • 12
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,542
    SQFT
  • $363
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1913
County:

School Ratings & Info

Listing Agent(s): Sylvia Ena of Keller Williams Downtown LA (213-797-7000)


Description

This property in the historic Boyle Heights community of Los Angeles represents an exceptional investment opportunity as an approximate 6.5 Cap and a 10.17 GRM. With one unit vacant now and another unit set to be vacant in the next 30 days, the subject property is a six unit property (two 1 bed 1ba, two 2 bed 1 ba and two 3 bed and 1 ba) that has been tastefully and thoroughly upgraded both interior and exterior. The subject property is conveniently located directly across the street from Hollenbeck Park, within eyeshot of DTLA and very near public transportation, including a metro and bus station, as well as police and fire department stations. The property is also in immediate proximity to five major freeways (5,10,60,101,710) and is close to shops, restaurants, schools, White Memorial Hospital and USC Medical Center. There are garages with alley access in the rear of the property and there is likely room to build ADU"s and/or replace or build ADU's on top of the garages. This property is very appealing to renters in a community where 75% of the residents rent their homes. The Boyle Heights neighborhood continues to grow in appeal with new businesses moving in while it maintains the charm of the old. Buyers to investigate the accuracy of all the information and conduct their own due diligence.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-21T00:28:16.61. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/147563955
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532 S St Louis Street Los Angeles (City), CA 90033

  • Price: $1,650,000
  • Status: Active
  • On Site: 8 Days
  • ID#: 24357419
12
Beds
0
Baths
0
½ Baths
0.17
Acres
4,542
SQFT
$363
$/SQFT
1913
Built
Neighborhood:
BOYH - Boyle Heights
County:
Los Angeles
Area:
BOYH - Boyle Heights
Property Description
This property in the historic Boyle Heights community of Los Angeles represents an exceptional investment opportunity as an approximate 6.5 Cap and a 10.17 GRM. With one unit vacant now and another unit set to be vacant in the next 30 days, the subject property is a six unit property (two 1 bed 1ba, two 2 bed 1 ba and two 3 bed and 1 ba) that has been tastefully and thoroughly upgraded both interior and exterior. The subject property is conveniently located directly across the street from Hollenbeck Park, within eyeshot of DTLA and very near public transportation, including a metro and bus station, as well as police and fire department stations. The property is also in immediate proximity to five major freeways (5,10,60,101,710) and is close to shops, restaurants, schools, White Memorial Hospital and USC Medical Center. There are garages with alley access in the rear of the property and there is likely room to build ADU"s and/or replace or build ADU's on top of the garages. This property is very appealing to renters in a community where 75% of the residents rent their homes. The Boyle Heights neighborhood continues to grow in appeal with new businesses moving in while it maintains the charm of the old. Buyers to investigate the accuracy of all the information and conduct their own due diligence.
Exterior Features

Attached Garage YN No Parking Total 6

Interior Features

Appliances DisposalRefrigerator Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 6.5 Disclosures Rent Control Gross Income 13565 Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 106862 New Construction YN No Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 1 Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-21T00:28:16.61. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Sylvia Ena of Keller Williams Downtown LA (213-797-7000)