203 S St Louis St - Apartments FOR SALE


Los Angeles, CA 90033
$1,100,000 USD
310-341-4872
203 S St Louis St, Los Angeles, CA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

203 S St Louis St
Los Angeles, CA 90033


HIGHLIGHTS

  • Desirable Submarket of Boyle Heights in Los Angeles
  • Value-Add Opportunity -- Approx. 66% Rental Upside | Excellent Unit Mix - 1 (3BR + 2BA), 2 (2BR + 1BA), 2 (1BR + 1BA)
  • 3,976 RSF & 5,939 SF Corner Lot
  • Separately Metered for Gas & Electricity
  • Within 1/2 Mile from Mariachi Plaza Metro Station
  • Built in 1965 | Ample On-Site Parking

OVERVIEW

Vartanian CRE of Lyon Stahl Investment Real Estate, Inc. is excited to present a prime investment opportunity with a beautifully maintained 5-unit apartment building located at 203 S St Louis St in the rapidly developing neighborhood of Boyle Heights, Los Angeles. Situated near key attractions such as Dodger Stadium and Crypto Arena, this property is strategically positioned to benefit from the area's ongoing growth and revitalization. Spanning a total square footage of 3,976 on a 5,939 SF lot zoned LARD2, this asset offers significant potential for value appreciation. The property features a well-structured mix of units: one 3-bedroom, 2-bath unit; two 2-bedroom, 1-bath units; and two 1-bedroom, 1-bath units. Each unit is individually metered for gas and electricity, ensuring operational efficiency and streamlined management. The property’s excellent location provides easy access to public transportation, with bus and metro stations just a short walk away enhancing its appeal to tenants and increasing occupancy potential. Given the ongoing developments in Boyle Heights and the surrounding areas, investors can expect robust rental demand and promising returns. This investment not only offers immediate cash flow potential but also the opportunity to capitalize on a burgeoning market poised for long-term growth. Don’t miss your chance to secure a valuable asset in an increasingly desirable location.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

5

PRICE/UNIT

$220,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units on Corner Lot | Excellent Unit Mix!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,939 SF

ZONING

LARD2

APN/PARCEL ID

5183-011-041

ASK ABOUT THIS PROPERTY

Derrick VartanianLyon Stahl Investment Real EstateMore Info
310-341-4872

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Derrick VartanianLyon Stahl Investment Real EstateMore Info
310-341-4872

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.