Multifamily
131 S Boyle Ave
131 S Boyle Ave, Los Angeles, CA 90033
Listing Price: $1,600,000
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 131 S Boyle Ave, a 15-unit investment opportunity located in the highly desirable 90033 zip code of Los Angeles.
131 S Boyle Ave
Investment Highlights
- Located just east of Downtown Los Angeles, minutes from the Arts District, Little Tokyo, and major employment hubs — offering strong renter demand and convenient urban access.
- Strong Local Market Fundamentals: Boyle Heights continues to experience long-term growth driven by urban revitalization, cultural vibrancy, and proximity to expanding DTLA developments
- Charming 1887 Vintage with Efficient Unit Mix: Comprised of (12) Studios and (3) One-Bedroom Units.
- Transit-Oriented Submarket: Steps from Mariachi Plaza Metro Station (E Line) with direct access to Downtown LA and the broader Metro Rail network. Surrounded by key employment hubs including White Memorial Hospital, USC Medical Center, and minutes from DTLA, with convenient access to I-5, I-10, and CA-60 freeways.
- Historic Architecture with Cultural Significance: Originally the Simon Gless Farmhouse, the property is designated a Los Angeles Historic-Cultural Monument, representing over 125 years of city history and architectural legacy.
- Attractive In-Place Returns with Upside: True 9.55% Cap Rate and 6.65 GRM on current income with 14%+ rental upside through future lease turn and optimization.
- Large Lot with Future Development Potential (Buyer to Verify): Positioned on a 10,170 SF LAR4-zoned lot, allowing for high-density multifamily development or ADUs (subject to review by the Cultural Heritage Commission and/or Office of Historic Resource).
Exclusively Listed By
Listing Price: $1,600,000
Investment Highlights
- Located just east of Downtown Los Angeles, minutes from the Arts District, Little Tokyo, and major employment hubs — offering strong renter demand and convenient urban access.
- Strong Local Market Fundamentals: Boyle Heights continues to experience long-term growth driven by urban revitalization, cultural vibrancy, and proximity to expanding DTLA developments
- Charming 1887 Vintage with Efficient Unit Mix: Comprised of (12) Studios and (3) One-Bedroom Units.
- Transit-Oriented Submarket: Steps from Mariachi Plaza Metro Station (E Line) with direct access to Downtown LA and the broader Metro Rail network. Surrounded by key employment hubs including White Memorial Hospital, USC Medical Center, and minutes from DTLA, with convenient access to I-5, I-10, and CA-60 freeways.
- Historic Architecture with Cultural Significance: Originally the Simon Gless Farmhouse, the property is designated a Los Angeles Historic-Cultural Monument, representing over 125 years of city history and architectural legacy.
- Attractive In-Place Returns with Upside: True 9.55% Cap Rate and 6.65 GRM on current income with 14%+ rental upside through future lease turn and optimization.
- Large Lot with Future Development Potential (Buyer to Verify): Positioned on a 10,170 SF LAR4-zoned lot, allowing for high-density multifamily development or ADUs (subject to review by the Cultural Heritage Commission and/or Office of Historic Resource).
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 131 S Boyle Ave, a 15-unit investment opportunity located in the highly desirable 90033 zip code of Los Angeles.
Exclusively Listed By
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