607 N St Louis ST, Los Angeles, CA 90033
607 N St Louis ST, Los Angeles, CA 90033
607 N St Louis ST, Los Angeles, CA 90033
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Jiaqi (Shirley) Xiang

Jiaqi (Shirley) Xiang

+1(626) 362-5570
$925,000
Est. payment /mo
5 Beds
4 Baths
2,598 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,598 sqft

Price per Sqft $356

MLS Listing ID 26106661

Bedrooms 5

HOA Y/N No

Year Built 1923

Lot Size 5,309 Sqft

Property Description

BOYLE HEIGHTS FOURPLEX WITH 3 UNITS VACANT AT CLOSE! Offered at $925,000, 607 N St Louis Street is a four-unit property featuring (1) 2-bedroom/1-bathroom unit and (3) 1-bedroom/1-bathroom units. Three units have renovated interiors and will be delivered vacant, allowing a buyer to set market rents or occupy one unit and rent the others. Built in 1923, the property offers 2,598 rentable square feet on a 5,311-square-foot lot, with gated on-site parking. Gas and electricity are separately metered, and tenants pay gas, electricity, and trash. The property offers a projected 7.00% cap rate and 10.20 GRM, with an estimated 13.58% rental upside to an 8.29% pro forma cap rate. Located near Downtown Los Angeles, the Arts District, and USC's Health Sciences Campus, the property offers convenient access to the 5, 10, 60, and 101 freeways.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LAR2

Interior

Fireplace No

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5175027002

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Conventional

Special Listing Condition Standard

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Listed by Oscar Diaz Marcus & Millichap #02022902

NEARBY SCHOOL & BUSINESS

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