626 N Breed 626 N Breed St 7 Unit Apartment Building $1,570,410 CAD ($224,344 CAD/Unit) 5.51% Cap Rate Los Angeles, CA 90033

JLL, as the exclusive advisor, is pleased to present for sale: 626 N Breed and 811 N Soto—an 12-unit, value-add, multifamily portfolio in prime Boyle Heights. This marks the first time these properties have been listed for sale in over 40 years, representing a rare opportunity for sophisticated, value-add investors to benefit from a blank canvas. This offering includes twelve (12) units across two adjacent parcels. 626 N Breed consists of a detached single-family residence at the front and a spacious 6-unit multifamily building at the rear, while 811 N Soto features a massive front facing 5bed & 4bath (vacant) residence paired with a fourplex in the back. The portfolio offers a phenomenal unit mix of mostly large two-bedroom units, providing residents with generous layouts rarely seen in comparable product. Several units are leased at below-market rents, creating a clear path for investors to capture over 40% rental upside through targeted renovations and lease-up strategies.
Both assets feature 11 combined on-site parking spaces across both properties, a valuable amenity in this high-demand submarket. The buildings’ charm, original finishes, and functional layouts make them ideal for a range of investor profiles—from first-time buyers to seasoned value-add investors, or potential owner-users looking to occupy one of the units. Centrally located just minutes from essential amenities, the properties offer convenient access to transit, major employers, and top-rated schools. Boyle Heights itself continues to exhibit strong renter demand, cultural vibrancy, and ongoing community investment. This presents a rare opportunity to acquire income producing apartments with substantial upside in one of LA’s most historically significant and evolving neighborhoods.
*Can be purchased together with 811 N Soto, or separately.