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323-921-8391
Tiffany Dupree REALTOR®
607 N St Louis Street, Los Angeles, CA 90033
- $925,000
- 5
- BD
- 4
- BA
- 2,598
- SqFt
- List Price
- $925,000
- Status
- ACTIVE
- MLS#
- 26106661
- Year Built
- 1923
- Bedrooms
- 5
- Bathrooms
- 4
- Living Sq. Ft
- 2,598
- Lot Size
- 5,311
- Acres
- 0.12
- Days on Market
- 1
- Property Type
- Multifamily
- Stories
- One Level
Property Description
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.
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Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 4
Listing courtesy of Listing Agent: Oscar Diaz (Oscar.Diaz@marcusmillichap.com) from Listing Office: Marcus & Millichap.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.