127 South Boyle Avenue

Los Angeles, CA 90033

$3,150,000
Last Sold Price
30
Beds
6
Baths
8,430 Sq. Ft.
$374 / Sq. Ft.
8,430
Sq. Ft.
$374
per Sq. Ft.

Description

A rare-find income property full of potential in the progressive neighborhood of Boyle Heights! This centrally located SRO is an incredible opportunity for an investor to own a solid income producer. The building includes 30 individual rooms, 4 bathroom areas (total of 7 toilets, 6 showers, and 1 bathtub), a large kitchen, central AC, laundry room with hookups, and high-tech security system. As a bonus, there is a large backyard that can be transformed into an outdoor oasis. 25 units will be delivered...A rare-find income property full of potential in the progressive neighborhood of Boyle Heights! This centrally located SRO is an incredible opportunity for an investor to own a solid income producer. The building includes 30 individual rooms, 4 bathroom areas (total of 7 toilets, 6 showers, and 1 bathtub), a large kitchen, central AC, laundry room with hookups, and high-tech security system. As a bonus, there is a large backyard that can be transformed into an outdoor oasis. 25 units will be delivered vacant. Property is located in an Qualfitied Opportunity Zone. Ideally located, the property sits around the corner from Mariachi Square and the Gold Line metro station, Adventist Health Memorial Hospital, and all the shops of E. Chavez Avenue. DTLA and within easy reach by surface streets from the property as well as the 10, 5, and 110 freeways. Priced to sell at $2,995,000 the building has the potential to achieve an incredible GRM of 8.76 and Cap of 9 at market rents.
  1. Listed by Will Tiao • DRE #01918965 • The Collective Realty

Property Details for 127 South Boyle Avenue

Water Front
None
Zoning
LAR4
Style
Art Deco
Cross Streets
1st St and Boyle Ave
Accessibility Features
Ramp - Main Level
Parcel Number
5174013012
Total Units
30.0
Living Area
8430

Location

Listing Courtesy of The Collective Realty, Will Tiao, DRE #01918965

Sold By Altman Apartments LLC, Logan Altman, DRE #01965826

Add your commute
LISTING UPDATED: 04/02/2021 08:26 AM

Property Details for 127 South Boyle Avenue

StatusSold
MLS #20-582162
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.17 AC / 7,465 SF
CountyLos Angeles County

Location

Listing Courtesy of The Collective Realty, Will Tiao, DRE #01918965

Sold By Altman Apartments LLC, Logan Altman, DRE #01965826

Add your commute

Virtual Tour

Building Information for 127 South Boyle Avenue

Stories2Residences-Year Built1938Building Size-Lot Size0.17 AC / 7,465 SF

Payment Calculator

$20,550 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,191

Property Taxes

$3,359

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 127 South Boyle Avenue

Community / Development
Community / Development
  • Number Of Units: 30
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: SRO
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Window Bars, T.V.
  • Direction Faces: West
  • Property Condition: Repair Cosmetic
  • Water: Public
  • Water Heaters: Yes
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $342,000
  • Net Operating Income: $270,580.00
  • Gross Income: $342,000
  • Cap Rate: 9.03%
  • Gross Rent Multiplier: $8.76
  • Owner Pays: Gas, Electricity, Water
  • Total Annual Expense: 71420
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Paved: Yes
  • Lot Size Square Feet: 7465
  • Lot Features: Back Yard
  • Lot Description: Back Yard, Fenced Yard
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 2
  • Open Other Spaces Total: 2
  • Parking Features: None
Interior Features
Interior Features
  • Rooms: Studio
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: None
  • Heating Type: None
  • Flooring: Laminate, Hardwood, Mixed
  • Equipment: Gas Dryer Hookup, Range/Oven, Vented Exhaust Fan
  • Interior Features: 2 Staircases, Storage Space
  • Room Kitchen Features: Tile Counters
  • Kitchen Features: Tile Counters
  • Room Bathroom Features: Shower, Shower in Tub
  • Bathroom Features: Shower Stall, Shower and Tub
  • Cooking Appliances: Gas Grill, Oven-Gas
  • Laundry: Room, Laundry Area
  • Disability Access: Ramp - Main Level
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • Sprinklers: None
  • Patio Features: Concrete Slab
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structural Features: Double Door Entry
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 06-02-2020
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $609.00
  • Unit Actual Rent: $36,564.00
  • Unit Projected Rent: $342,000.00
  • Like Units: 30
Unit Details
  • Unit Type Type: 2106
  • Number of Carpet: 0
  • Number of Dishwasher: 0
  • Number of Disposal: 0
  • Number of Drapes: 0
  • Number Leased: 5
  • Number Patio: 0
  • Number Range: 0
  • Number Refrigerator: 0
  • Number Rented Garages: 0
  • Number Wall AC: 0
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,003,432.00
  • Assessed Land Value: $211,248.00

Property History for 127 South Boyle Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 127 South Boyle Avenue

Taxable ValueLand$780,300Additions$2,496,960Total$3,277,260
Tax Record2023$40,309 ($3,359 / month)
Home Facts
Beds14Total Finished SqFt8,430 SqFtAbove Grade Finished SqFt8,430 SqFtStories1Lot Size7,465 SqFtStyleMiscellaneous ResidentialYear Built1938ZoningLAR4CountyLOS ANGELESAPN5174-013-012

Schools near 127 South Boyle Avenue

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
Second Street Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

Felicitas And Gonzalo Mendez High
Public9 to 12

Theodore Roosevelt Senior 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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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 The Collective Realty, Will Tiao, DRE #01918965

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.