131 South Boyle Avenue
131 South Boyle Avenue
$1,650,000
15
2
4,709
4,709
$350
Sold 12/31/20
Description
131 S Boyle Ave is a 15-unit true value-add investment opportunity located in Boyle Heights, located just south of E 1st Street with immediate access to the I-5 and I-10 Freeways. The subject property, built in 1887, will be delivered 100% vacant and consists of 15 single occupancy units, 5 units have spaces for a full kitchen. Furthermore, there is a community lobby on the first floor and four communal bathrooms, two on each floor. This investment presents the opportunity to capture a strong market...131 S Boyle Ave is a 15-unit true value-add investment opportunity located in Boyle Heights, located just south of E 1st Street with immediate access to the I-5 and I-10 Freeways. The subject property, built in 1887, will be delivered 100% vacant and consists of 15 single occupancy units, 5 units have spaces for a full kitchen. Furthermore, there is a community lobby on the first floor and four communal bathrooms, two on each floor. This investment presents the opportunity to capture a strong market CAP rate of 6.44% and 8.55 GRM, with the ability to reposition the property with interior renovations immediately at the close of escrow. Buyer can potentially convert driveway to on-site gated parking for 12-15 spaces. High walk score of 90, in close proximity to shopping, nightlife and dining attractions; direct access to the I-5 and I-10 Freeways, as well as the CA-60. Boyle Heights is a fast growing, historic, and vibrant neighborhood located just East of Downtown Los Angeles.
- Listed by Neema Ahadian • DRE #01346750 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 131 South Boyle Avenue
Zoning
[Q]R4-1-RIO-CUGU
Parcel Number5174013022
Total Units15.0
Living Area4709
Source Living AreaVendor Enhanced
AreaBoyle Heights (BOYH)
Vacancy Rate15427
Lot Size Area10170
Location
LISTING UPDATED: 05/05/2023 09:43 AM
Property Details for 131 South Boyle Avenue
Status | Sold |
---|---|
MLS # | 20-629502 |
Days on Market | 51 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1887 |
Lot Size | 0.23 AC / 10,170 SF |
County | Los Angeles County |
Location
Building Information for 131 South Boyle Avenue
Stories-Residences-Year Built1887Building Size-Lot Size0.23 AC / 10,170 SF
Payment Calculator
$10,783 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 131 South Boyle Avenue
Property History for 131 South Boyle Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 131 South Boyle Avenue
Taxable ValueLand$1,029,996Additions$686,664Total$1,716,660
Tax Record2023$21,342 ($1,778 / month)
Home Facts
Total Finished SqFt4,709 SqFtAbove Grade Finished SqFt4,709 SqFtLot Size10,170 SqFtStyleMulti-Family Res (5+ Units)Year Built1887ZoningLAR4CountyLOS ANGELESAPN5174-013-022
Schools near 131 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.
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