608 N Breed St Los Angeles, CA 90033
Boyle Heights NeighborhoodEstimated payment $5,908/month
About This Home
8.18% Cap Rate at Lease Up! 608 N Breed St presents a rare opportunity to acquire a 4-unit multifamily property in prime Boyle Heights, offered at $995,000, reflecting an 8.18% current cap rate and an 8.58 GRM. Two of the four units will be delivered tenant ready, creating immediate flexibility for a new owner to renovate, reposition, and capture higher rents. The property also features a highly desirable 4 Bed/1 Bath front house, making it an excellent option for an owner-user looking to live in a spacious home while generating rental income from the remaining units. Residential financing is available, further expanding the pool of potential buyers.
Originally built in 1923, the property consists of approximately 3,330 SF of rentable building area on a generous 8,250 SF lot, approximately $299/SF. The unit mix includes (1) 1+1, (2) 2+1, and (1) 4+1 units, along with four on-site parking spaces. With two tenant ready units, a large lot, functional unit mix, and strong owner-user component, the property offers a unique combination of immediate flexibility and long-term rental upside. Pro forma rents reflect a 13.66% increase in scheduled income, providing a clear path to improving cash flow.
Situated in the heart of Boyle Heights, 608 N Breed St benefits from convenient access to Downtown Los Angeles, major employment centers, retail, dining, and public transportation. The property's location makes this a compelling opportunity for an investor or owner-user looking to acquire a well-located multifamily property with room to add value.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02100737 Listed on: 08/17/2026
Co-Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02250000
Property Details
Home Type
- Apartment
Year Built
- Built in 1908
Lot Details
- 8,250 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 3,330 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Full Bathrooms
Location
- Urban Location
- Suburban Location
Listing and Financial Details
- Tax Lot 15
- Tax Tract Number 1111
- Assessor Parcel Number 5175004016
- $666 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 4 Units
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $28,733
- Gross Income $115,927
- Net Operating Income $81,399
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,264 | $387,232 | $212,979 | $174,253 |
| 2024 | $5,185 | $379,640 | $208,803 | $170,837 |
| 2023 | $5,094 | $372,197 | $204,709 | $167,488 |
| 2022 | $4,875 | $364,900 | $200,696 | $164,204 |
| 2021 | $4,801 | $357,746 | $196,761 | $160,985 |
| 2020 | $4,842 | $354,079 | $194,744 | $159,335 |
| 2019 | $4,669 | $347,137 | $190,926 | $156,211 |
| 2018 | $4,517 | $340,332 | $187,183 | $153,149 |
| 2016 | $4,292 | $327,118 | $179,915 | $147,203 |
| 2015 | $4,234 | $322,205 | $177,213 | $144,992 |
| 2014 | $4,274 | $315,894 | $173,742 | $142,152 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/17/2026 08/17/26 | For Sale | $995,000 | -- | $299 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Available | |
| Grant Deed | -- | Western Resources Title Co | |
| Quit Claim Deed | -- | None Available | |
| Grant Deed | $300,000 | Fidelity National Title Co | |
| Trustee Deed | $408,000 | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | $740,000 | Chicago Title Company | |
| Quit Claim Deed | -- | Ticor Title Co Glendale | |
| Interfamily Deed Transfer | -- | Ticor Title Co Glendale | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Gift Deed | -- | -- | |
| Grant Deed | -- | Fidelity National Title | |
| Grant Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $213,000 | New Conventional | |
| Previous Owner | $225,000 | Purchase Money Mortgage | |
| Previous Owner | $518,000 | New Conventional | |
| Previous Owner | $125,000 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26180245
APN: 5175-004-016
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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