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    223 N Breed St Los Angeles, CA 90033

    Under Contract
    For Sale
    $2,795,000

    MULTI_FAMILY - Los Angeles, CA

    Property size:
    12,064 SF
    Lot size:
    0.19 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 15 at 2:06 am

    Property Features for 223 N Breed St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Zoning
    LAR4
    Rooms
    Bathroom 14, Bedroom 1, Bedroom 28, Bathroom 5, Bedroom 23, Bedroom 6, Bedroom 29, Bedroom 31, Bathroom 20, Bathroom 26, Bedroom 11, Bathroom 25, Bedroom 9, Bathroom 31, Bedroom 18, Bedroom 20, Bedroom 22, Bedroom 21, Bathroom 1, Bedroom 24, Bedroom 7, Bathroom 8, Bathroom 15, Bedroom 19, Bedroom 14, Bathroom 17, Bathroom 18, Bathroom 22, Bedroom 15, Bedroom 2, Bathroom 4, Bathroom 23, Bathroom 9, Bathroom 32, Bedroom 13, Bedroom 25, Bedroom 30, Bathroom 2, Bedroom 4, Bedroom 8, Bathroom 3, Bedroom 17, Bedroom 26, Bathroom 30, Bathroom 11, Bedroom 27, Bedroom 5, Bathroom 16, Bedroom 32, Bathroom 7, Bedroom 10, Bathroom 21, Bathroom 28, Bathroom 6, Bathroom 19, Bedroom 16, Bedroom 3, Bathroom 10, Bathroom 13, Bathroom 24, Bathroom 29, Bathroom 27, Bedroom 12, Bathroom 12
    Bedrooms
    32
    APN
    5183-003-008
    Size
    12,064 SF
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1927
    Floors in Building
    2
    Number of units
    32

    Compass

    Listing agent George Morales (310) 230-5478 License #01984555

    Listing date Nov 21, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Los Angeles Multifamily Investment Opportunity

    Located in Boyle Heights, 223 N. Breed Street presents a value-add investment opportunity with potential for income growth due to below-market rents. The property, situated in a densely populated area, offers convenient access to Downtown Los Angeles, East L.A., Monterey Park, and the Arts District. The Metro Gold Line at Mariachi Plaza is also easily accessible. The surrounding neighborhood features diverse dining, nightlife, and cultural attractions. The property consists of 32 units, including 8 studios and 24 efficiencies, each with private bathrooms. Seven units are currently vacant, allowing for immediate renovation and repositioning. The 12,064 square foot property on a 0.1867-acre lot is zoned LAR4. Opportunities exist through renovations, leasing strategies, and tenant turnover.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marilus Bowtique Clothing Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.210003
    Latitude
    34.046335

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    FAQs

    What type of property is this?
    Apartment building - Value-add multifamily property in Boyle Heights with significant income growth potential.
    Where is this apartment building located?
    The property is located at 223 N Breed St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,795,000.
    What are key features of this property?
    This property features: - Significant income growth potential (estimated 62%) through rent increases.; - Value-add opportunity through renovations and strategic leasing.; - Seven vacant units allow for immediate renovation and repositioning.
    (310) 230-5478
    Request Owner's contact information
    223 N Breed St Los Angeles, CA 90033
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    Los Angeles, CA 90033
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 N Breed St Los Angeles, CA 90033
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