Multifamily
307-309 S Boyle Avenue
307 S Boyle Ave, Los Angeles, CA 90033
Listing Price: $3,400,000
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 34-unit apartment community located at 307-309 South Boyle Avenue. The subject property is located south of 1st Street and east of the 101 freeway.
The subject property offers easy access to Downtown LA, the Arts District, and major freeways. The neighborhood is known for its rich cultural heritage, vibrant street art, and growing culinary and arts scenes. With nearby parks, transit options, and community landmarks like Mariachi Plaza, it’s an ideal spot for urban living with a local feel.
Situated on a 14,652 square foot parcel, the property is comprised of 32 studios and two one-bedroom units with secure entrance and on-site laundry facilities. The property has 35% remaining rental upside.
307-309 South Boyle Avenue offers investors an opportunity to acquire a true value-add asset in an in-fill submarket of Los Angeles. The value-add potential along with the current in-place yield, make 307-309 S Boyle Avenue an excellent acquisition opportunity.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
307-309 S Boyle Avenue
Investment Highlights
- Offered at $100,000 per unit — 39% below the 10-year Boyle Heights average of $162,502 per unit
- Operating at a current 6.96% cap rate and 7.34 gross rent multiplier
- There is 35 percent remaining rental upside through tenant relocation and interior renovations
- Located near a wide variety of retail, dining, cultural, fitness, and employment options across DTLA, Boyle Heights, Lincoln Heights, and Echo Park
- Only 6.7% of multi-family buildings are 30 units or more in the 90033 zip code
- Long term ownership - property has been owned for 37 years, offering a rare acquisition opportunity
Exclusively Listed By
Financing By
Listing Price: $3,400,000
Investment Highlights
- Offered at $100,000 per unit — 39% below the 10-year Boyle Heights average of $162,502 per unit
- Operating at a current 6.96% cap rate and 7.34 gross rent multiplier
- There is 35 percent remaining rental upside through tenant relocation and interior renovations
- Located near a wide variety of retail, dining, cultural, fitness, and employment options across DTLA, Boyle Heights, Lincoln Heights, and Echo Park
- Only 6.7% of multi-family buildings are 30 units or more in the 90033 zip code
- Long term ownership - property has been owned for 37 years, offering a rare acquisition opportunity
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 34-unit apartment community located at 307-309 South Boyle Avenue. The subject property is located south of 1st Street and east of the 101 freeway. The subject property offers easy access to Downtown LA, the Arts District, and major freeways. The neighborhood is known for its rich cultural heritage, vibrant street art, and growing culinary and arts scenes. With nearby parks, transit options, and community landmarks like Mariachi Plaza, it’s an ideal spot for urban living with a local feel. Situated on a 14,652 square foot parcel, the property is comprised of 32 studios and two one-bedroom units with secure entrance and on-site laundry facilities. The property has 35% remaining rental upside. 307-309 South Boyle Avenue offers investors an opportunity to acquire a true value-add asset in an in-fill submarket of Los Angeles. The value-add potential along with the current in-place yield, make 307-309 S Boyle Avenue an excellent acquisition opportunity. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Exclusively Listed By
Financing By
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