Newly Built Multifamily Income
351 S State Los Angeles, CA 90033
New
351 S State, Los Angeles, CA, 90033
$4,500,000
For Sale
$4,500,000
Completed in 2024 and stabilized under a corporate master lease generating $25,000 in monthly rental income.
Days on Market3
Property Features for 351 S State
General Information
- Standard status
- Active
- Property subtype
- Investment
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 Updated: Jul 21 at 3:59PM Checked: Jul 21 at 3:59PM
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
Location Intelligence
Current Use by Public Records
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FAQs
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
