532 South St Louis Street

Los Angeles, CA 90033

$1,600,000
Last Sold Price
12
Beds
6
Baths
4,542 Sq. Ft.
$352 / Sq. Ft.
4,542
Sq. Ft.
$352
per Sq. Ft.

Description

This property in the historic Boyle Heights community of Los Angeles represents an exceptional investment opportunity as an approximate 6.5 Cap and a 10.17 GRM. With one unit vacant now and another unit set to be vacant in the next 30 days, the subject property is a six unit property (two 1 bed 1ba, two 2 bed 1 ba and two 3 bed and 1 ba) that has been tastefully and thoroughly upgraded both interior and exterior. The subject property is conveniently located directly across the street from Hollenbeck...This property in the historic Boyle Heights community of Los Angeles represents an exceptional investment opportunity as an approximate 6.5 Cap and a 10.17 GRM. With one unit vacant now and another unit set to be vacant in the next 30 days, the subject property is a six unit property (two 1 bed 1ba, two 2 bed 1 ba and two 3 bed and 1 ba) that has been tastefully and thoroughly upgraded both interior and exterior. The subject property is conveniently located directly across the street from Hollenbeck Park, within eyeshot of DTLA and very near public transportation, including a metro and bus station, as well as police and fire department stations. The property is also in immediate proximity to five major freeways (5,10,60,101,710) and is close to shops, restaurants, schools, White Memorial Hospital and USC Medical Center. There are garages with alley access in the rear of the property and there is likely room to build ADU"s and/or replace or build ADU's on top of the garages. This property is very appealing to renters in a community where 75% of the residents rent their homes. The Boyle Heights neighborhood continues to grow in appeal with new businesses moving in while it maintains the charm of the old. Buyers to investigate the accuracy of all the information and conduct their own due diligence.
  1. Listed by Sylvia Ena • DRE #01129671 • Brokerage DRE #01364089 • Keller Williams Downtown LA

Property Details for 532 South St Louis Street

Zoning
LARD1.5
Parcel Number
5183019007
Total Units
6.0
Living Area
4542
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
Vacancy Rate
1
Lot Size Area
7371

Location

Listing Courtesy of Keller Williams Downtown LA, Sylvia Ena, DRE #01129671

Sold By EXP REALTY OF CALIFORNIA INC, zih huan huang, DRE #02201717

Add your commute
LISTING UPDATED: 04/29/2024 08:29 AM

Property Details for 532 South St Louis Street

StatusSold
MLS #24-357419
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1913
Lot Size0.17 AC / 7,371 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Downtown LA, Sylvia Ena, DRE #01129671

Sold By EXP REALTY OF CALIFORNIA INC, zih huan huang, DRE #02201717

Add your commute

Building Information for 532 South St Louis Street

Stories2Residences-Year Built1913Building Size-Lot Size0.17 AC / 7,371 SF

Payment Calculator

$9,398 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$666

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 532 South St Louis Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 6
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control, Termite Provisions - None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $162,240
  • Net Operating Income: $106,862.00
  • Gross Income: $13,565
  • Cap Rate: 6.50%
  • Gross Rent Multiplier: $10.17
  • Actual Annual Gross Rent: $162,240.00
  • Actual Gross Annual Income: $162,240
  • Total Annual Expense: 55378
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1692
  • Lot Size Square Feet: 7371
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Detached
  • Total Parking: 6
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Refrigerator, Range/Oven, Garbage Disposal, Hood Fan
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,995.00
  • Unit Actual Rent: $2,995.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $3,100.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,685.00
  • Unit Actual Rent: $3,370.00
  • Unit Projected Rent: $3,570.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $231,258.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $346,887.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $578,145.00

Property History for 532 South St Louis 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 532 South St Louis Street

Taxable ValueLand$346,887Additions$231,798Total$578,685
Tax Record2023$7,998 ($666 / month)
Home Facts
Total Finished SqFt4,542 SqFtAbove Grade Finished SqFt4,542 SqFtLot Size7,369 SqFtStyleMulti-Family Res (5+ Units)Year Built1913ZoningLARD1.5CountyLOS ANGELESAPN5183-019-007

Schools near 532 South St Louis 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 Keller Williams Downtown LA, Sylvia Ena, DRE #01129671

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.