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    608 Breed St Los Angeles, CA 90033

    Sponsored
    For Sale
    $1,125,000

    Four-unit building, high ROI potential.

    Property size:
    3,330 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional four-unit apartment building, located at 608 N Breed St in Los Angeles, CA 90033, presents a compelling investment opportunity in the desirable Boyle Heights neighborhood. Built in 1908, the property boasts a total of 3,330 square feet situated on an 8,249 square foot lot. Currently generating a Net Operating Income (NOI) of $64,173, resulting in a 5.70% cap rate, this property offers significant potential for increased profitability. A pro-forma cap rate of 9.09% indicates substantial upside. The asking price is $1,125,000, translating to $281,250 per unit and $337.84 per square foot. The property's unit mix allows for substantial rental upside. Furthermore, the property features ample space in the rear, presenting the possibility of adding an Accessory Dwelling Unit (ADU), further enhancing its value and rental income. This prime Boyle Heights location offers investors a rare chance to acquire a well-positioned multifamily property with considerable growth potential. The property is classified as Multifamily and Mixed Use.

    Property Features for 608 Breed St

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,330 SF

    Building Details

    Year Built
    1908
    Units
    4

    HighLights

    • Four‑unit apartment building in desirable Boyle Heights, Los Angeles.
    • 3,330 sq ft building on an 8,249 sq ft lot, built in 1908.
    • Current NOI of $64,173, 5.70% cap rate, with a pro‑forma cap rate of 9.09%.
    • Asking price: $1,125,000 ($281,250 per unit, $337.84 per sq ft).
    • Potential for ADU addition and rental upside.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2061281
    Latitude
    34.0515026

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit building, high ROI potential.
    Where is this multifamily property located?
    The property is located at 608 Breed St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: Four-unit apartment building in desirable Boyle Heights, Los Angeles.; 3,330 sq ft building on an 8,249 sq ft lot, built in 1908.; Current NOI of $64,173, 5.70% cap rate, with a pro-forma cap rate of 9.09%.
    Request Owner's contact information
    608 Breed St Los Angeles, CA 90033
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    Los Angeles, CA 90033
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    608 Breed St Los Angeles, CA 90033
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