117 N St Louis St 12 Unit Apartment Building $2,855,710 CAD ($237,976 CAD/Unit) 7.03% Cap Rate Los Angeles, CA 90033

117 N St Louis Street is a 12-unit multifamily property situated on a 14,713 square foot LARD1.5-zoned corner lot. The property consists of three separate residential structures, including a ten-unit apartment building built in 1966, and two detached single-family residences built in 1901 and 1942. The property features a unit mix of four (4) studios, four (4) one-bed/one-bath, two (2) two-bed/two-bath, one (1) single family three-bed/one-bath, and one (1) spacious single family four-bed/three-bath, providing plenty of diversity for tenants. The three structures total approximately 10,233 square feet of rentable living space, include ten (10) on-site parking spaces and seven units have been remodeled. One (1) unit is currently VACANT!
117 N St Louis Street is ideally located in prime Boyle Heights, just east of Downtown Los Angeles, one of the region’s primary employment and cultural hubs. The property is deemed a “Walker’s Paradise” with a Walk Score of 93 and benefits from excellent accessibility to major transportation corridors, including the San Bernardino Freeway, Golden State Freeway, and Pomona Freeway. The location also offers close proximity to the USC Health Sciences Campus, LAC+USC Medical Center, and Adventist Health White Memorial Medical Center, three of the area’s largest employment centers. 117 N St Louis Street is well positioned to benefit from access to neighborhood retail, dining, transit options, and the greater Downtown Los Angeles job base.
The property is located within the city of Los Angeles and is subject to Rent Control.
Rents reflect a rental increase that will go into effect June 1st.