605 N St Louis, Los Angeles, CA 90033
605 N St Louis, Los Angeles, CA 90033
605 N St Louis, Los Angeles, CA 90033
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$949,000
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5 Beds
4 Baths
5,311 Sqft Lot
Price Dropped by $26K

605 N St Louis Los Angeles, CA 90033

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Kurt Wannebo

Kurt Wannebo

+1(858) 405-5878

Open House

Sun Aug 23, 11:00am - 1:30pm

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26096719

Bedrooms 5

Lot Size 5,311 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

3/4 Units Delivered Vacant! 605 N St Louis is a turnkey 4Plex in the heart of Boyle Heights with 3 Units delivered Vacant by the Close of Escrow. This property presents a unique opportunity in the heart of Boyle Heights, surrounded by new coffee shops, restaurants and night-life. It includes 4 spacious units: (1) 2-bed/1-bath owner's unit and (3) 1-bed/1-bath units. With 3/4 Units vacant, a buyer can lease the units out at market rent and operate at a 6.82% Cap Rate and 10.47 GRM, with upside up to an 8.08% Cap Rate. For owner-users, it's a perfect opportunity to occupy one unit, while having the additional three cover your mortgage. Located in the heart of Boyle Heights, a vibrant and culturally diverse neighborhood known for its rich history, tight-knit community, and eclectic mix of cuisines, Boyle Heights offers a dynamic blend of residential charm, thriving local businesses, and a vibrant arts scene. It is in close proximity to the train line stop and within walking distance of Hollenbeck Park, restaurants, bars and nightlife.

Location

State CA

County Los Angeles

Zoning Assessor

Direction North of Cesar Chavez Avenue

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5175027002

Acceptable Financing Cash, Conventional, FHA, Land Contract

Listing Terms Cash, Conventional, FHA, Land Contract

MLS Router / San Diego MLS
Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc. 

NEARBY SCHOOL & BUSINESS

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Kurt Wannebo

Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

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605 N St Louis

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