REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 949,000
Est. payment /mo
Price Dropped by $26K
605 N St Louis Los Angeles, CA 90033
5 Beds
4 Baths
5,311 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26096719
Bedrooms 5
Lot Size 5,311 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
605 N St Louis St presents an attractive 4-unit multifamily investment opportunity in Los Angeles, offered at $949,000 ($237,250/unit), reflecting a 6.82% current Cap Rate and 10.47 GRM. Three of the four units will be delivered vacant, providing an investor with immediate value-add potential through the opportunity to achieve higher market rents. Pro Forma rents reflect a 13.59% increase in scheduled rental income, further highlighting the propertys upside potential. Originally built in 1923, the property encompasses approximately 2,598 SF on a 5,311 SF lot, equating to $365/SF. The property is separately metered for electric, gas, and trash, providing for a favorable expense structure and greater control over operating costs. Strategically located in Los Angeles 90033 neighborhood, 605 N St Louis St benefits from convenient access to major employment centers, established retail corridors, and public transportation. The surrounding rental market is supported by consistent tenant demand and long-term growth potential, positioning the property as an attractive opportunity for investors seeking a combination of immediate value-add upside, operational efficiency, and long-term appreciation.
Location
State CA
County Los Angeles
Zoning Assessor
Direction North of Cesar Chavez Avenue
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5175027002
Acceptable Financing Cash, Conventional, FHA, Land Contract
Listing Terms Cash, Conventional, FHA, Land Contract
Listed by Aaron Jacobson, DRE#02100737 Lyon Stahl Investment Real Estate, Inc.