Newly Built Multifamily Income
For Sale
$4,500,000
351 S State, Los Angeles, CA 90033
Completed in 2024 and stabilized under a corporate master lease generating $25,000 in monthly rental income.
Days on Market11
Property Features for 351 S State
General Information
Standard status
Active
Property subtype
Investment
Occupancy
100%
Building Details
Year Built
2024
Listing Agency:
eXp Realty of Greater Los Angeles, Inc
(888) 652-1314
Listed By:
Steven Gray · License #02194905
Source:
Elliman
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 30 at 12:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of Greater Los Angeles, Inc
Investment Insights
Based on property information with market context.
351 S State Street is a newly constructed, income-producing multifamily property completed in 2024. The asset reached full occupancy in 2025 and is currently stabilized, generating $25,000 per month in rental income under a corporate lease structure through a master lease with a corporate tenant.
The property is located at 351 S State in Los Angeles, CA 90033, in Boyle Heights. BikeScore is 68, walkScore is 91, and transitScore is 73, indicating strong walkability and excellent public transit access. A buyer may elect to maintain the existing corporate lease for stabilized income, or take the property delivered vacant for repositioning or alternative leasing strategies.
The property is located at 351 S State in Los Angeles, CA 90033, in Boyle Heights. BikeScore is 68, walkScore is 91, and transitScore is 73, indicating strong walkability and excellent public transit access. A buyer may elect to maintain the existing corporate lease for stabilized income, or take the property delivered vacant for repositioning or alternative leasing strategies.
Key Highlights
- Newly constructed 2024 multifamily property stabilized under a corporate master lease
- Generates $25,000 per month in secured rental income under the current lease structure
- Annual gross income of $300,000
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,264
Businesses Nearby
Explore this area
Business Placement
Demographics for 90033, CA
46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Completed in 2024 and stabilized under a corporate master lease generating $25,000 in monthly rental income.
Where is this multifamily property located?
The property is located at 351 S State Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Newly constructed 2024 multifamily property stabilized under a corporate master lease; Generates $25,000 per month in secured rental income under the current lease structure; Annual gross income of $300,000
