118 North Breed Street

Los Angeles, CA 90033

$1,597,500
Last Sold Price
2
Beds
10
Baths
5,934 Sq. Ft.
$269 / Sq. Ft.
5,934
Sq. Ft.
$269
per Sq. Ft.

Description

All roads lead to Boyle Heights. An opportunity of a lifetime to own an Income property in this 241-year-old historical Los Angeles community. This 18-unit multi parcel investment income property with parking that was built in 1959 is now on the market for the first time in 50 years. Located only 3 miles east of Downtown and 3 miles to Los Angeles with easy accesses to major freeways such as the 5 and 10 and 101. Boyle Heights' mix of history and trendy coffee shops, Restaurants, art and music creates...All roads lead to Boyle Heights. An opportunity of a lifetime to own an Income property in this 241-year-old historical Los Angeles community. This 18-unit multi parcel investment income property with parking that was built in 1959 is now on the market for the first time in 50 years. Located only 3 miles east of Downtown and 3 miles to Los Angeles with easy accesses to major freeways such as the 5 and 10 and 101. Boyle Heights' mix of history and trendy coffee shops, Restaurants, art and music creates a high demand for renters' desire to live with the community being 75% of residents are renters. All schools Breed st elementary, Hollenbeck middle and Rosevelt High School are within walking distance as are major parks Ross Valencia Community Park and Historical Hollenbeck Park. The signs of gentrification are clear as new developments and companies moving into the area, Boyle Heights.118 & 120-122 N Breed St is a 2 parcel 3 building 18-unit property with ample parking. With a mix consisting of 118 N Breed St Is 10 units 2-bedroom 1 bath each. 120 N Breed St is a 4-unit 2-bedroom 1 bath each.122 N Breed St is 4 units 3-bedroom 1 bath each. Total of 40 bedrooms 18 bath, This amazing opportunity very close to Metro, Bus within walking distance. Police station and fire department walking distance. Metro connects to Los Angeles and many other cities. USC Medical Center only (1.3 mi) White Memorial Hospital only (0.8 mi).
  1. Listed by Amparo Gastelum • DRE #01701696 • Brokerage DRE #01701696 • Max Real Estate
  2. Listed by Jessica Gastelum • DRE #02010148 • Brokerage DRE #01701696 • Max Real Estate

Property Details for 118 North Breed Street

Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
10.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5934
Assessor Parcel Number
5183-005-011

Location

Listing Courtesy of Max Real Estate, Amparo Gastelum, DRE #01701696; Max Real Estate, Jessica Gastelum, DRE #02010148

Sold By Liberty Investment Group, Carlos Estrada, DRE #01413560; BRC Advisors- BH, Mike Iryami, DRE #01825516

Add your commute
LISTING UPDATED: 08/16/2023 06:45 AM

Property Details for 118 North Breed Street

StatusClosed
MLS #DW22182855
Days on Market277
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
CountyLos Angeles County

Location

Listing Courtesy of Max Real Estate, Amparo Gastelum, DRE #01701696; Max Real Estate, Jessica Gastelum, DRE #02010148

Sold By Liberty Investment Group, Carlos Estrada, DRE #01413560; BRC Advisors- BH, Mike Iryami, DRE #01825516

Add your commute

Building Information for 118 North Breed Street

Building/Complex118 N Breed StFloor-Stories-Residences-Pet Policy-Year Built1959Building Size-

Payment Calculator

$8,985 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,718

Property Taxes

$267

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 118 North Breed Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $133,344
  • Gross Scheduled Income: $133,344
  • Net Operating Income: $110,000
  • Financing: Conventional
Expense Details
  • Operating Expense: $23,000
  • Fuel Expense: $0
  • Electric Expense: $980
  • Insurance Expense: $0
  • Professional Management Expense: $7,200
  • Trash Expense: $7,200
  • Water Sewer Expense: $8,600
  • Total Expenses: $23,000
Tax / Assessment Info
  • Tax Tract Number: n/a
  • CFD/Mello-Roos Fee: $1,018
  • Tax Lot: 1.9
Community / Development
Community / Development
  • Community Features: Park, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Floor Furnace
  • Heating: Floor Furnace
  • Heat Equipment: Floor Furnace
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 36-40 Units/Acre
  • Number Of Units: 10
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,112
  • Unit Type Total Rent: $11,120
  • Unit Type Pro Forma: 22000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 2

Property History for 118 North Breed Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 118 North Breed Street

Taxable ValueLand$32,728Additions$130,755Total$163,483
Tax Record2023$3,208 ($267 / month)
Home Facts
Total Finished SqFt5,934 SqFtAbove Grade Finished SqFt5,934 SqFtLot Size8,309 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningLAR4CountyLOS ANGELESAPN5183-005-011

Schools near 118 North Breed Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Breed Street Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Max Real Estate, Amparo Gastelum, DRE #01701696; Max Real Estate, Jessica Gastelum, DRE #02010148

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.