607 N St Louis Street
Property Overview
BOYLE HEIGHTS FOURPLEX WITH 3 UNITS VACANT AT CLOSE! Offered at $925,000, 607 N St Louis Street is a four-unit property featuring (1) 2-bedroom/1-bathroom unit and (3) 1-bedroom/1-bathroom units. Three units have renovated interiors and will be delivered vacant, allowing a buyer to set market rents or occupy one unit and rent the others. Built in 1923, the property offers 2,598 rentable square feet on a 5,311-square-foot lot, with gated on-site parking. Gas and electricity are separately metered, and tenants pay gas, electricity, and trash. The property offers a projected 7.00% cap rate and 10.20 GRM, with an estimated 13.58% rental upside to an 8.29% pro forma cap rate. Located near Downtown Los Angeles, the Arts District, and USC's Health Sciences Campus, the property offers convenient access to the 5, 10, 60, and 101 freeways.
Home Details
- Property type
- Residential Income
- Year built
- 1923
- Living area
- 2,598 sq ft
- Lot size
- 5,311 sq ft
- Days on market
- 0
- MLS status
- Active
- Zoning
- LAR2
Location & Neighborhood
Frequently Asked Questions About 607 N St Louis Street
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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