405 Boyle AveLos Angeles, CA 90033

Property Details for 405 Boyle Ave

Year built

1928

Construction

WOOD

Lot size

0.43 AC

Property size (Sq ft)

10,469 SF

Zone code

LAC2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5174-002-013

APU

5174002013

Description

This exceptional mixed-use property in Los Angeles' Boyle Heights neighborhood presents a compelling investment opportunity. The 0.43-acre lot (APN 5174-002-013) encompasses a 18,730 square foot building currently operating at 100% occupancy. The property features 19 units: 16 multifamily apartments (15 one-bedroom/one-bathroom, and one three-bedroom/two-bathroom unit) and three retail spaces. Located at 405 S Boyle Ave, at the corner of Boyle and East 4th Street, this high-density location offers excellent visibility and accessibility. The building has undergone complete earthquake retrofitting as of June 20, 2023. The property's C2 zoning with a Mixed Use Neighborhood Community Plan overlay allows for a variety of commercial and residential applications. Its strategic location near major freeways (I-5, I-10, 101, and 60) enhances its appeal. The asking price per square foot is $267. This is a rare chance to acquire a fully occupied, well-maintained mixed-use asset in a rapidly growing Los Angeles neighborhood. The property offers a strong return on investment and significant potential for future appreciation. This prime location provides panoramic views of Downtown Los Angeles and the iconic 6th Street Bridge.

• CAP approach

  CAP return

  Valuation

  6%

  $3,090,456

  6.5%

  $2,852,729

  7%

  $2,648,962

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,990,785

  Geo Method

  $1,990,785

• Alternative Use

  Use

  Valuation

  Residential

  $3,537,384

  Hospitality

  $3,240,224

  Educational

  $2,695,829

  Medical

  $2,788,542

  Retail

  $4,193,511

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0428

Longitude

-118.22

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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