34-Unit Apartment
For Sale
$3,400,000
307 S Boyle Ave, Los Angeles, CA 90033
Urban multifamily property with studio-heavy unit mix, controlled entry, and on-site laundry facilities.
Property Size16,488 SF
Lot Size0.34 Acres
Days on Market109
Property Features for 307 S Boyle Ave
General Information
Standard status
Active
Size
16,488 SF
Lot size
0.34 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
32 x studio, 2 x 1BR
Multifamily Units
34
Additional Details
Cap Rate
6.96%
Amenities
secure entrance
on-site laundry
Offered at $100,000 per unit — 39% below the 10-year Boyle Heights average of $162,502 per unit
Operating at a current 6.96% cap rate and 7.34 gross rent multiplier
There is 35 percent remaining rental upside through tenant relocation and interior renovations
Located near a wide variety of retail, dining, cultural, fitness, and employment options across DTLA, Boyle Heights, Lincoln Heights, and Echo Park
Only 6.7% of multi-family buildings are 30 units or more in the 90033 zip code
Long term ownership - property has been owned for 37 years, offering a rare acquisition opportunity
Building Details
Building Size
16,488 SF
Units
34
Listing Agency:
Marcus & Millichap - Los Angeles
(213) 943-1897
Listed By:
Sean Rosenzweig · License #License(s): CA: 01406343
(213) 943-1897
Source:
Marcusmillichap
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 1:04PM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This multifamily property contains 34 apartment units on a 14,652-square-foot parcel. The unit mix includes 32 studios and two one-bedroom apartments, supported by a secure entrance and on-site laundry facilities. The configuration provides a compact apartment community in an established Los Angeles setting.
The property is positioned south of 1st Street and east of the 101 freeway, with access to Downtown Los Angeles, the Arts District, and other major freeways. Nearby context includes parks, transit options, Mariachi Plaza, street art, and local culinary and arts destinations.
The property is positioned south of 1st Street and east of the 101 freeway, with access to Downtown Los Angeles, the Arts District, and other major freeways. Nearby context includes parks, transit options, Mariachi Plaza, street art, and local culinary and arts destinations.
Key Highlights
- 34‑unit apartment community on a 14,652‑square‑foot parcel
- Unit mix includes 32 studios and two one‑bedroom apartments
- Secure entrance for residents
Property Analytics
Property Profile
Current Use
Lease Details
34
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,194
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Urban multifamily property with studio-heavy unit mix, controlled entry, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 307 S Boyle Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: 34‑unit apartment community on a 14,652‑square‑foot parcel; Unit mix includes 32 studios and two one‑bedroom apartments; Secure entrance for residents
