Listed by Lyon Stahl Investment Real Estate
$995,000
605 N St Louis
Details
APN 5175027002
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 6.45%
Buildings 2
Acreage 0.122
Zoning Assessor
Multifamily | 6.45% CAP | 4 Units
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.
Listing Contacts
Listed by Lyon Stahl Investment Real Estate
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