131 S Boyle Ave Los Angeles, CA 90033
15-unit multifamily property with redevelopment potential in prime location.
Lot size:
0.23 AcresProperty Features for 131 S Boyle Ave
General Information
- Lot size
- 0.23 Acres
Building Details
- Year built
- 1887
Source: Tony Azzi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Historic Multifamily Property in Boyle Heights
Located in the heart of Boyle Heights, just east of Downtown Los Angeles, 131 S Boyle Avenue is a 15-unit multifamily property. Constructed in 1887, the former Simon Gless Farmhouse is designated as a Los Angeles Historic-Cultural Monument, showcasing over 125 years of architectural charm. The property is situated on a 10,170 square foot LAR4-zoned lot. The building comprises 4,709 square feet and features twelve studios and three one-bedroom units. Utilities are master-metered. The location is highly walkable, with proximity to the Arts District, Little Tokyo, White Memorial Hospital, and the Mariachi Plaza Metro Station (E Line), providing direct freeway access for connectivity across Los Angeles. The property offers a 9.55% cap rate and a 6.65 GRM on current income, providing stable cash flow with upside through rent optimization. The large lot allows for future redevelopment or ADU potential, subject to historic review and buyer verification.
Insight Report
Location Intelligence
Current Use by Public Records
Mariachi Plaza Hotel
Motel
Mariachi Arriba Talpa ...
Musician
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.22004
- Latitude
- 34.04632
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FAQs
What type of property is this?
Apartment building - 15-unit multifamily property with redevelopment potential in prime location.
Where is this apartment building located?
The property is located at 131 S Boyle Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: - High 9.55% cap rate and 6.65 GRM on current income, offering stable cash flow.; - Designated Los Angeles Historic-Cultural Monument with architectural charm.; - Prime location in Boyle Heights, near the Arts District, Little Tokyo, White Memorial Hospital, and Mariachi Plaza Metro Station (E Line).