605 N St Louis, Los Angeles, CA 90033
605 N St Louis, Los Angeles, CA 90033
605 N St Louis, Los Angeles, CA 90033
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$949,000
Est. payment /mo
5,309 Sqft Lot
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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26096719

HOA Y/N No

Year Built 1923

Lot Size 5,309 Sqft

Property Sub-Type Apartment

Property Description

605 N St Louis St presents an attractive 4-unit multifamily investment opportunity in Los Angeles, offered at $949,000 ($237,250/unit), reflecting a 6.82% current Cap Rate and 10.47 GRM. Three of the four units will be delivered vacant, providing an investor with immediate value-add potential through the opportunity to achieve higher market rents. Pro Forma rents reflect a 13.59% increase in scheduled rental
income, further highlighting the property's upside potential. Originally built in 1923, the property encompasses approximately 2,598 SF on a 5,311 SF lot, equating to $365/SF. The property is separately metered for electric, gas, and trash, providing for a favorable expense structure and greater control over operating costs. Strategically located in Los Angeles' 90033 neighborhood, 605 N St Louis St benefits from convenient access to major employment centers, established retail corridors, and public transportation. The surrounding rental market is supported by consistent tenant
demand and long-term growth potential, positioning the property as an attractive opportunity for investors seeking a combination of immediate value-add upside, operational efficiency, and long-term appreciation.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Interior

Flooring Vinyl

Fireplace No

Appliance Gas Range

Laundry Inside, Outside

Exterior

Pool None

Community Features Curbs, Suburban, Sidewalks, Urban

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5175027002

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, FHA

Listing Terms Cash, Cash to New Loan, Conventional, Contract, FHA

Special Listing Condition Standard

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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate | License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA, 93036, USA

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605 N St Louis

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