For Sale
$1,125,000

608 Breed St Los Angeles, CA 90033

Four-unit building, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional four-unit apartment building, located at 608 N Breed St in Los Angeles, CA 90033, presents a compelling investment opportunity in the desirable Boyle Heights neighborhood. Built in 1908, the property boasts a total of 3,330 square feet situated on an 8,249 square foot lot. Currently generating a Net Operating Income (NOI) of $64,173, resulting in a 5.70% cap rate, this property offers significant potential for increased profitability. A pro-forma cap rate of 9.09% indicates substantial upside. The asking price is $1,125,000, translating to $281,250 per unit and $337.84 per square foot. The property's unit mix allows for substantial rental upside. Furthermore, the property features ample space in the rear, presenting the possibility of adding an Accessory Dwelling Unit (ADU), further enhancing its value and rental income. This prime Boyle Heights location offers investors a rare chance to acquire a well-positioned multifamily property with considerable growth potential. The property is classified as Multifamily and Mixed Use.

Highlights

  • Four-unit apartment building in desirable Boyle Heights, Los Angeles.
  • 3,330 sq ft building on an 8,249 sq ft lot, built in 1908.
  • Current NOI of $64,173, 5.70% cap rate, with a pro-forma cap rate of 9.09%.
  • Asking price: $1,125,000 ($281,250 per unit, $337.84 per sq ft).
  • Potential for ADU addition and rental upside.

Property Details for 608 Breed St

Property type
Mixed-use properties, Apartment buildings
Square Feet
3,330 SF
Year Built
1908
Units
4

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0515026
Longitude
-118.2061281

FAQs

What type of property is this?
Mixed-use property - Four-unit building, high ROI potential.
Where is the mixed-use property located?
The property is located at 608 Breed St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Four-unit apartment building in desirable Boyle Heights, Los Angeles.; 3,330 sq ft building on an 8,249 sq ft lot, built in 1908.; Current NOI of $64,173, 5.70% cap rate, with a pro-forma cap rate of 9.09%.
How can I contact the broker?
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608 Breed St
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