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(323) 864-4211
Linda Roth Burrell
607 N St Louis St, Los Angeles, CA 90033
- $925,000
- 5
- BD
- 4
- BA
- 2,598
- SqFt
- List Price
- $925,000
- MLS#
- 26106661
- Year Built
- 1923
- Bedrooms
- 5
- Bathrooms
- 4
- Living Sq. Ft
- 2,598
- Lot Size
- 5,311
- Days on Market
- 5
- Property Type
- Multifamily
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.
Additional Information
- Other Buildings
- Other
- Heat
- Other
- Cooling
- Other
- Number of Cars in Garage
- Other
- Water
- Public
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Courtesy of Marcus & Millichap, Oscar Diaz - CA DRE#02022902
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