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Listed by Aaron Jacobson, DRE #02100737 • Lyon Stahl Investment Real Estate, Inc.
$995,000
Est. payment /mo
8,250 Sqft Lot
Active
608 N Breed ST Los Angeles, CA 90033
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26180245
Year Built 1908
Lot Size 8,250 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
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 t
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 5175004016
Special Listing Condition Not Applicable
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