351 S State, Los Angeles, CA 90033

This newly constructed multifamily asset, completed in 2024, is located in Boyle Heights. The property is currently stabilized and generating approximately $25,000 per month in rental income under a corporate lease structure. It is ideally suited for corporate housing, workforce housing, or student housing, with flexible exit optionality. A future owner may elect to maintain the existing corporate lease for stable income or take delivery vacant, allowing for repositioning or alternative leasing strategies. The asset features contemporary, ground-up construction with a modern aesthetic throughout. The exterior showcases clean lines, a neutral color palette, and large windows that provide abundant natural light across all residential spaces. Durable materials and low-maintenance finishes were selected to support long-term ownership efficiency. Interior units are thoughtfully designed with open and efficient floor plans, wide-plank flooring throughout living areas, modern kitchens with flat-panel cabinetry, solid-surface countertops, and full appliance packages, updated bathrooms with large-format tile surrounds and contemporary fixtures, recessed lighting and modern hardware, and bright bedrooms with oversized windows and clean finishes. The overall design is functional, modern, and well-suited for furnished or semi-furnished occupancy, further enhancing its appeal for corporate and institutional-style tenants. The property is very walkable with a walk score of 78 and has good transit with a transit score of 66. The property is bikeable with a bike score of 51.