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5 Units on Corner Lot | Excellent Unit Mix! 203 S St Louis St

5 Unit Apartment Building $1,545,148 CAD ($309,030 CAD/Unit) Los Angeles, CA 90033

Investment Highlights

  • Desirable Submarket of Boyle Heights in Los Angeles
  • 3,976 RSF & 5,939 SF Corner Lot
  • Within 1/2 Mile from Mariachi Plaza Metro Station
  • Value-Add Opportunity -- Approx. 66% Rental Upside | Excellent Unit Mix - 1 (3BR + 2BA), 2 (2BR + 1BA), 2 (1BR + 1BA)
  • Separately Metered for Gas & Electricity
  • Built in 1965 | Ample On-Site Parking

Executive Summary

Vartanian CRE of Lyon Stahl Investment Real Estate, Inc. is excited to present a prime investment opportunity with a beautifully maintained 5-unit apartment building located at 203 S St Louis St in the rapidly developing neighborhood of Boyle Heights, Los Angeles. Situated near key attractions such as Dodger Stadium and Crypto Arena, this property is strategically positioned to benefit from the area's ongoing growth and revitalization.
Spanning a total square footage of 3,976 on a 5,939 SF lot zoned LARD2, this asset offers significant potential for value appreciation. The property features a well-structured mix of units: one 3-bedroom, 2-bath unit; two 2-bedroom, 1-bath units; and two 1-bedroom, 1-bath units. Each unit is individually metered for gas and electricity, ensuring operational efficiency and streamlined management.
The property’s excellent location provides easy access to public transportation, with bus and metro stations just a short walk away enhancing its appeal to tenants and increasing occupancy potential. Given the ongoing developments in Boyle Heights and the surrounding areas, investors can expect robust rental demand and promising returns. This investment not only offers immediate cash flow potential but also the opportunity to capitalize on a burgeoning market poised for long-term growth. Don’t miss your chance to secure a valuable asset in an increasingly desirable location.

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $117,487 $29.55
Other Income - -
Vacancy Loss $3,524 $0.89
Effective Gross Income $113,963 $28.66
Taxes - -
Operating Expenses - -
Total Expenses $48,258 $12.14
Net Operating Income $65,705 $16.53

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $117,487
Annual Per SF $29.55
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $3,524
Annual Per SF $0.89
Effective Gross Income (CAD)
Annual $113,963
Annual Per SF $28.66
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $48,258
Annual Per SF $12.14
Net Operating Income (CAD)
Annual $65,705
Annual Per SF $16.53

Property Facts

Price $1,545,148 CAD
Price Per Unit $309,030 CAD
Sale Type Investment
Gross Rent Multiplier 13.15
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 3,976 SF
Average Occupancy 100%
No. Stories 2
Year Built 1965
Parking Ratio 1.76/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 2 $1,643 CAD 700
2+1 2 $1,967 CAD 800
3+2 1 $2,458 CAD 1,000
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (72)
Bike Score ®
Very Bikeable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5183-011-041
Land Assessment
$228,825 CAD
Improvements Assessment
$447,711 CAD
Total Assessment
$676,536 CAD

zoning

Zoning Code LARD2
LARD2
  • Listing ID: 33662598

  • Date on Market: 2024-10-28

  • Last Updated:

  • Address: 203 S St Louis St, Los Angeles, CA 90033

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