NOT LISTED FOR SALE

127 S Boyle Ave Los Angeles, CA 90033

30 Beds
6 Baths
8,430 Sq Ft
7,465 Sq Ft Lot

Last Sold September 25, 2020

Last sale price $3,150,000 $374 Per Sq Ft

44 Days on Market

Highlights

  • City View
  • 1-minute walk to Mariachi Plaza
  • Art Deco Architecture
  • Felicitas and Gonzalo Mendez High Rated A-
  • Dual Staircase
  • Wood Flooring

About This Home

As of September 2020

A rare-find income property full of potential in the progressive neighborhood of Boyle Heights! This centrally located SRO is an incredible opportunity for an investor to own a solid income producer. The building includes 30 individual rooms, 4 bathroom areas (total of 7 toilets, 6 showers, and 1 bathtub), a large kitchen, central AC, laundry room with hookups, and high-tech security system. As a bonus, there is a large backyard that can be transformed into an outdoor oasis. 25 units will be delivered vacant. Property is located in an Qualfitied Opportunity Zone. Ideally located, the property sits around the corner from Mariachi Square and the Gold Line metro station, Adventist Health Memorial Hospital, and all the shops of E. Chavez Avenue. DTLA and within easy reach by surface streets from the property as well as the 10, 5, and 110 freeways. Priced to sell at $2,995,000 the building has the potential to achieve an incredible GRM of 8.76 and Cap of 9 at market rents.

Last Agent to Sell the Property

Will Tiao

The Collective Realty License #01918965 Listed on: 06/01/2020

Last Buyer's Agent

Logan Altman

License #01965826

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 7,465 Sq Ft Lot
  • West Facing Home
  • Fenced Yard
  • Back Yard

Home Design

  • Art Deco Architecture
  • Cosmetic Repairs Needed

Interior Spaces

  • 8,430 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Double Door Entry
  • City Views
  • Window Bars

Kitchen

  • Gas Oven
  • Tile Countertops

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 30 Bedrooms
  • Studio bedroom
  • 6 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces

Outdoor Features

  • Shed
  • Outdoor Gas Grill

Location

  • City Lot

Utilities

  • Central Air
  • Vented Exhaust Fan
  • Central Water Heater

Community Details

  • 30 Units
  • Rent Control

Listing and Financial Details

  • The owner pays for gas, electricity, water
  • Assessor Parcel Number 5174-013-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Art Deco
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Tiao Properties & the Collective Commercial are proud to present a rare-find income property full of potential in the progressive neighborhood of Boyle Heights! This centrally located SRO is an incredible opportunity for an investor to own a solid income producer. The building includes 30 individual rooms, 4 bathrooms, a large kitchen, backyard with storage unit, central AC, and high-tech security system.Ideally located, the property sits around the corner from Mariachi Square and the Gold Line metro station, Adventist Health Memorial Hospital, and all the shops of E. Chavez Avenue. DTLA and within easy reach by surface streets from the property as well as the 10, 5, and 110 freeways. Priced to sell at $2,995,000 the building has the potential to achieve an incredible GRM of 9.79 and Cap of 7.83% when fully rented at market. With every conceivable amenity within reach, this property will surely shine as the crown jewel in your investor portfolio. Contact listing agent Will Tiao at will@tiaoproperties.com or call/text (323) 363-1096 for more information.
  • Alley: No
  • Disability Access: Ramp - Main Level
  • Entry Location: Ground Level w/steps
  • Living Area: 8430
  • Probate: No
  • Property Condition: Repair Cosmetic
  • Stories: 2
  • Year Built: 1938
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: 2 Staircases, Storage Space
  • Number Carpet: 0
  • Number Dishwasher: 0
  • Number Disposal: 0
  • Number Drapes: 0
  • Number Range: 0
  • Number Refrigerator: 0
  • Flooring: Laminate, Hardwood, Mixed
  • Appliances: Gas Grill, Oven-Gas
  • Bedrooms: 30
  • Bathroom Features: Shower Stall, Shower and Tub
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Tile Counters
  • Laundry: Room, Laundry Area
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Gas Dryer Hookup, Range/Oven, Vented Exhaust Fan
  • Price Per S Q F T: 355.28

Exterior Features

  • Direction Faces: West
  • Other Features: Double Door Entry
  • Other Structures: Shed(s)
  • Number Patio: 0
  • Patio: Concrete Slab
  • Paved: Yes
  • Pool: No
  • Spa Yn: No
  • View: City
  • View: Yes

Garage/Parking

  • Other Spaces: 2
  • Number Rented Garages: 0
  • Total Parking: 2

Utilities

  • Water Heater: Central Water Heater
  • Cooling: Air Conditioning, Central
  • Security: Window Bars, T.V.
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 1003432
  • Assessed Land Value: 211248
  • Assessor Parcel Number: 5174-013-012
  • Lot Description: Back Yard, Fenced Yard
  • Lot Location: City
  • Lot Size Area: 7465

Rental Info

  • Number Leased: 5
  • Owner Pays: Gas, Electricity, Water
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 8.76
  • Number Of Units: 30
  • Number Wall A C: 0
  • Rent Control: 100
  • Total Annual Expense: 71420
  • Type Of Units: SRO
  • Vacancy Rate: 0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $3,150,000 +5.2% $374 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $2,995,000 0.0% $355 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $2,995,000 +160.4% $355 / Sq Ft
08/01/2013 08/01/13 Sold $1,150,000 +15.0% $136 / Sq Ft
04/02/2013 04/02/13 Pending -- -- --
01/30/2013 01/30/13 For Sale $1,000,000 -- $119 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Will Tiao

    Seller's Agent in 2020

    Will Tiao

    The Collective Realty

    (323) 438-9494

    4 in this area

    32 Total Sales

    Section Image

  • L

    Buyer's Agent in 2020

    Logan Altman

  • Jose Leon

    Seller's Agent in 2013

    Jose Leon

    Pak Home Realty

    (323) 490-0230

    43 Total Sales

    Section Image

  • J

    Buyer's Agent in 2013

    Joyce Riskas

    No Firm Affiliation

    Section Image
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Map

Source: The MLS

MLS Number: 20-582162

The MLS

California Los Angeles County Los Angeles 90033

127 S Boyle Ave, Los Angeles, CA

This home is located at 127 S Boyle Ave, Los Angeles, CA 90033 since 01 June 2020. This property was built in 1938. 127 S Boyle Ave is a home located in Los Angeles County with nearby schools including Second Street Elementary School, Hollenbeck Middle School, and Felicitas and Gonzalo Mendez High.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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