Newly Built Multifamily Income
For Sale
$4,190,000
351 S State, Los Angeles, CA 90033
Completed in 2024 and stabilized under a corporate master lease generating $25,000 in monthly rental income.
Property Size10,137 SF
Days on Market96
Property Features for 351 S State
General Information
Standard status
Active
Size
10,137 SF
Property subtype
Triplex
Occupancy
100%
Building Details
Building Size
10,137 SF
Year Built
2024
Listing Agency:
eXp Realty of Greater Los Angeles
Listed By:
Steven Gray · License #02194905
(888) 652-1314
Source:
Velocityrealtysd
Added: Jul 18
Changed: Oct 7
Last Checked: Oct 19 at 5:15PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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 $4,190,000.
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
