2025 E 4TH ST

LOS ANGELES, CA, 90033

$4,780,000

$413 per ft²
$4,780,000
$413 per ft²
Active
Active
 - For Sale
beds
24 Beds
baths
24 Baths
carpenters-square
11,556 ft²
property_type
Multi-family
calendar
Built 1912
2025 East 4th St is a 24-unit recently renovated asset for an investor to add to their portfolio for a steady stream of cash flow and passive income. The subject property is located in Boyle Heights near the corner of East 4th St and S St.Louis St near the entrance the 5-freeway providing easy access to the ArtsDistrict and Downtown LA. The subject property totals 11,556 SF featuring a unit mix of 3 singles, 14 junior one-bedrooms and 7 one-bedrooms. The majority of rents are leased market rate, providing an investor strong in-place income immediately with a CAP rate of 5.55% and 11.07 GIM at the asking price. With a high Walk Score of 91, the subject property is in close proximity to schools, employment, and transit options. This location makes it convenient for residents to commute throughout the city even without a vehicle. The BoyleHeights neighborhood remains a strong area to invest in as 75% of their roughly 95,000 residents choose to rent.
MLS® ID:
22-143575
Listed:
3/28/22
Updated:
8/10/22

Interior Features

Total Bedrooms
24
Total Bathrooms
24
Cooling
Window Unit(s)
Heating
Natural Gas

Exterior/Building Features

Lot Size
6,724 ft² lot

Other Property Details

Garage
No
Parking
None
View
N
County
Los Angeles
Pool
No
Zoning
LAC2

Property History

Date
Event
Price
Value
7/13/22
Price Change
$4,780,000
-3%
5/2/22
Price Change
$4,950,000
-4%
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