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… Read More to operate at a 6.45% cap rate and 10.98 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Property Type
Apartment
Lot Size
0.12 Acres
Year Built
1923
MLS Number
SB26096719
Additional Details
Appliances & Equipment
GasRange
Building
Built in 1923, 2 buildings, 2 stories, Entry level: 1, Entry location: Front
Community
Curbs, Suburban, Sidewalks, Urban
Expenses
Operating: $23,785
Floors
Vinyl
Income
Gross Income: $90,642, Gross ScheduledIncome: $90,642, Net Operating Income: $64,138
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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