605 North Saint Louis Street
3/4 Units Delivered Vacant | 4-Plex in Boyle Heights
Marketing description
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 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.
Investment highlights
- The property is situated on a spacious lot, measuring at over 5,000 Square Feet, and comprises of (3) 1 Bed/1 Bath and (1) 2 Bed/1 Bath Units that are separately metered for electric, gash, and trash
- WITH 3 OF 4 UNITS DELIVERED VACANT, the property is projected to collect over $7,000 in monthly rent and operate at a 6.45% Cap Rate
- Conveniently located in East Los Angeles, in close proximity to several trendy coffee shops, restaurants, and major metropolitan hubs
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