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131 S Boyle Ave Los Angeles, CA 90033

$1,650,000 Sold Price as of 12/31/2020

0 Beds
15 Baths
4,709 Sq.Ft.

Sold

$1,650,000 Sold Price as of 12/31/2020 Refinance Your Mortgage

Map preview of 131 S Boyle Ave, Los Angeles, CA 90033

Property Overview: 131 S Boyle Ave Los Angeles, CA has -- bedrooms, 15 bathrooms, 4,709 living square feet and 10,170 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 131 S Boyle Ave is a 15-unit true value-add investment opportunity located in Boyle Heights, located just south of E 1st Street with immediate access to the I-5 and I-10 Freeways. The subject property, built in 1887, will be delivered 100% vacant and consists of 15 single occupancy units, 5 units have spaces for a full kitchen. Furthermore, there is a community lobby on the first floor and four communal bathrooms, two on each floor. This investment presents the opportunity to capture a strong market CAP rate of 6.44% and 8.55 GRM, with the ability to reposition the property with interior renovations immediately at the close of escrow. Buyer can potentially convert driveway to on-site gated parking for 12-15 spaces. High walk score of 90, in close proximity to shopping, nightlife and dining attractions; direct access to the I-5 and I-10 Freeways, as well as the CA-60. Boyle Heights is a fast growing, historic, and vibrant neighborhood located just East of Downtown Los Angeles.

Listed by Neema Ahadian | BRE #01346750 | Marcus & Millichap

Last checked: 12 minutes ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 51

Home details

Lot Sq. Ft: 10,170
HOA Dues: $0/mo
Year built: 1887
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: 20629502
City: Los Angeles
County: Los Angeles
Time on Site: 1212 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 15
Total # of Buildings: 1

Unit Breakdown 1

# of Units: 9
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,015
Total Rent: $1,185
Pro Forma/Market Rent: $9,135

Unit Breakdown 2

# of Units: 6
# of Beds: 0
# of Baths: 1
Furnishing: Unfurnished
Actual Rent: $1,145
Total Rent: $1,215
Pro Forma/Market Rent: $6,870

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: 9.59
Gross Scheduled Income: --
Net Operating Income: $101,649
Gross Operating Income: $177,413

Annual Expense Breakdown

Total Operating Expense: --

Property Details for 131 S Boyle Ave

Interior Features

Laundry Information

Has Laundry
Washer Included, Dryer Included

Room Information

Flooring: Wood

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 12
Has Parking
Parking Features: Driveway

Property Information

Total # of Units: 15
Parcel Number: 5174013022

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Location / Neighborhood

Location Information

Directions: Located in Boyle Heights between E 1st St & E 4th St

View more facts & features

Local Los Angeles Agent

Sale History for 131 S Boyle Ave

Last sold for $1,650,000 on December 31st, 2020

February, 2023
Feb 28, 2023

Date

Expired

CRMLS: 22218131

$1,750,000

Price
Oct 27, 2022

Date

Active

CRMLS: 22218131

$1,750,000

Price
Listing provided courtesy of CRMLS
January, 2021
Jan 5, 2021

Date

Sold

CRMLS: 20629502

$1,650,000

Price
Nov 3, 2020

Date

Pending

CRMLS: 20629502

$1,850,000

Price
Sep 8, 2020

Date

Active

CRMLS: 20629502

$1,850,000

Price
December, 2020
Dec 31, 2020

Date

Sold (Public Records)

Public Records

$1,650,000

Price
September, 2016
Sep 14, 2016

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 131 S Boyle Ave

Assessed Value (2020): $757,701

Year	Land Value	Improved Value	Assessed Value
2020	$487,093	$270,608	$757,701

Home Value Compared to the Market

This property vs the competition

131 S Boyle Ave sold on December 31, 2020 for 55.46% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $392.86 per/sqft which puts the price per square foot 47.96% lower than the current median sale per square foot for the city of Los Angeles.

About 131 S Boyle Ave

Detailed summary of property

131 S Boyle Ave is a multi family that recently sold in Los Angeles, CA 90033. This multi family property offered -- bedrooms, 15 bathrooms, roughly 4,709 living square feet, and sits on an approximately 10,170 square foot lot. 131 S Boyle Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,650,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 55.46% higher than the current median priced home. Local homes that are currently for sale include 3408 N Figueroa St, 961 E Edgeware Rd and 3900 Berenice Pl. While the average home in Los Angeles, CA is selling in 94 days, 131 S Boyle Ave has a days on market of 51 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 131 S Boyle Ave Los Angeles, CA 90033 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 131 S Boyle Ave

Public county record property details

Beds: 17
Baths: 4
Year built: 1887
Sq. Ft.: 4,709
Lot Size: 10,169
Stories: --

Type: Boarding House, Rooming House, Apt Hotel, Transient Lodgings, Hostel
Pool: No
Spa: No
County: Los Angeles
Lot#: 33,A
APN: 5174-013-022

The source for these homes facts are from public records.

90033 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$800,000

Median List Price/Sq.Ft.

$520

Median Sold Price

Median Sold Price/Sq.Ft.

Total Inventory

Median Sale to List Price %

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

Homes for Sale Near 131 S Boyle Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.