Multifamily
607 N St Louis Street
607 N St Louis Street, Los Angeles, CA 90033
Listing Price: $925,000
Investment Overview
607 N St Louis Street is a four-unit multifamily property offered at $925,000. Three of the four units have renovated interiors and will be delivered vacant and ready to rent. The buyer can set rents at market and select tenants for the vacant units, or move into one unit and rent out the other two.
Built in 1923, the property includes ±2,598 rentable square feet on a ±5,311-square-foot lot. A gated entry provides access to four on-site parking spaces, and street parking is also available. Gas and electricity are separately metered. Tenants pay for gas, electricity, and trash.
At $925,000, or $231,250 per unit and $356.04 per square foot, the projected cap rate is 7.00% and the projected GRM is 10.20. With an estimated 13.58% rental upside, the pro forma cap rate is 8.29% and the pro forma GRM is 8.98.
Located in Boyle Heights, the property is near Downtown Los Angeles, the Arts District, and USC’s Health Sciences Campus, with access to the 5, 10, 60, and 101 freeways.
607 N St Louis Street
Investment Highlights
- 3 of the 4 units will be delivered vacant in rent-ready condition, allowing the buyer to select tenants and lease the vacant units at market rents.
- A gated entry provides access to four on-site spaces, with street parking also available. Tenants pay for gas, electricity, and trash.
- 7.00% PROJECTED CAP RATE | 8.29% PRO FORMA CAP RATE: Estimated rental upside of 13.58%, with a projected 10.20 GRM and an 8.98 pro forma GRM.
- An investor can lease all three vacant units, or an owner-occupant can move into one and lease the other two.
Exclusively Listed By
Financing By
Investment Highlights
- 3 of the 4 units will be delivered vacant in rent-ready condition, allowing the buyer to select tenants and lease the vacant units at market rents.
- A gated entry provides access to four on-site spaces, with street parking also available. Tenants pay for gas, electricity, and trash.
- 7.00% PROJECTED CAP RATE | 8.29% PRO FORMA CAP RATE: Estimated rental upside of 13.58%, with a projected 10.20 GRM and an 8.98 pro forma GRM.
- An investor can lease all three vacant units, or an owner-occupant can move into one and lease the other two.
Investment Overview
607 N St Louis Street is a four-unit multifamily property offered at $925,000. Three of the four units have renovated interiors and will be delivered vacant and ready to rent. The buyer can set rents at market and select tenants for the vacant units, or move into one unit and rent out the other two. Built in 1923, the property includes ±2,598 rentable square feet on a ±5,311-square-foot lot. A gated entry provides access to four on-site parking spaces, and street parking is also available. Gas and electricity are separately metered. Tenants pay for gas, electricity, and trash. At $925,000, or $231,250 per unit and $356.04 per square foot, the projected cap rate is 7.00% and the projected GRM is 10.20. With an estimated 13.58% rental upside, the pro forma cap rate is 8.29% and the pro forma GRM is 8.98. Located in Boyle Heights, the property is near Downtown Los Angeles, the Arts District, and USC’s Health Sciences Campus, with access to the 5, 10, 60, and 101 freeways.
Exclusively Listed By
Financing By
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