We are excited to present a prime investment opportunity with a beautifully maintained5-unit apartment building located at 203 S St Louis St in the rapidly developing neighborhood of Boyle Heights, Los Angeles. Situated near key attractions such as Dodger Stadium and Crypto Arena, this property is strategically positioned to benefit… Read More from the area's ongoing growth and revitalization. Spanning a total square footage of 3,976 on a 5,939 SF lot zonedLARD2, this asset offers significant potential for value appreciation. The property features a well-structured mix of units: one 3-bedroom,2-bath unit; two 2-bedroom, 1-bath units; and two 1-bedroom,1-bath units. Each unit is individually metered for gas and electricity, ensuring operational efficiency and streamlined management The property's excellent location provides easy access to public transportation, with bus and metro stations just a short walk away, enhancing its appeal to tenants and increasing occupancy potential. Given the ongoing developments in Boyle Heights and the surrounding areas, investors can expect robust rental demand and promising returns. This investment not only offers immediate cash flow potential but also the opportunity to capitalize on a burgeoning market poised for long-term growth. Don't miss your chance to secure a valuable asset in an increasingly desirable location. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Derrick Vartanian 310-425-9838
Listing Snapshot
Days Online
31
Last Updated
Property Type
Other
Beds
9
Square Ft.
3,976
Lot Size
0.14 Acres
Year Built
1965
MLS Number
24457625
30 Days Snapshot Of 90033
$948k
+49%
(avg) sold price
2
0%
homes sold
120
+66%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1965, Building area total: 3,976, Levels: Two, Living area: 3976, 2 stories, 1 building
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross income: $83,640, Net operating income: $46,775
Lot
0.1364 acres, 5,941 square feet, Size: 5,941
Parking
7 totals parking, Driveway, Uncovered
Property
Zoning: LARD2
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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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