131 S Boyle Avenue
Los Angeles
90033
$1,600,000
Residential Income
beds: 3
baths: 9.0
4,709 sq. ft.
built: 1887
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 25599703
- Bedrooms:
- 3
- Bathrooms:
- 9
- Year Built:
- 1887
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131 S Boyle Avenue is a 15-unit multifamily property in the heart of Boyle Heights, just east of Downtown Los Angeles. Built in 1887 and designated a Los Angeles Historic-Cultural Monument, the former Simon Gless Farmhouse showcases over 125 years of architectural charm on a 10,170 SF LAR4-zoned lot. The property features (12) studios and (3) one-bedroom units across 4,709 SF, with master-metered utilities. Residents benefit from a highly walkable location near the Arts District, Little Tokyo, White Memorial Hospital, and Mariachi Plaza Metro Station (E Line), with direct freeway access for seamless connectivity across Los Angeles. Offering a true 9.55% cap rate and 6.65 GRM on current income, the asset provides stable cash flow with meaningful upside through rent optimization. The large lot also allows for future redevelopment or ADU potential (buyer to verify, subject to historic review).
- Total Floor Area:
- 4,709 sq. ft.
- Home Style:
- Victorian
- Lot Area:
- 10,170 sq. ft.
- Bedrooms:
- 3
- Full Bathrooms:
- 0
- Three Quarter Bathrooms:
- 0
- Half Bathrooms:
- 0
- One Quarter Bathrooms:
- 0
- Bathrooms:
- 9.0 (Full:0, Half:0)
- Year built:
- 1887 (Age: 138)
- General Listing Location:
- Los Angeles, BOYH - Boyle Heights
- County Or Parish:
- Los Angeles
- Gross Income:
- $253,084
- Net Operating Income:
- $152,842
- Cap Rate %:
- 9.55
- Vacancy Allowance Rate:
- $0
- Easily accessible via I-5, I-10, US-101, and CA-60, 131 S Boyle Ave is just east of Downtown Los Angeles. Minutes from the Arts District, Little Tokyo, and Mariachi Plaza Metro Station (E Line), the property offers convenient connectivity across the city.
- View:
- City Lights
- Number of Buildings:
- 1
- Community Features:
- Gated
- Senior Community:
- No
- Security Features:
- Gated Community
- Levels:
- Two
- Num Stories:
- 2
- Entry Location:
- Main Level
- New Constr.:
- No
- # Units:
- 15
- Property Condition:
- Updated/Remodeled
- Total Parking Spaces:
- 7
- Parking Features:
- Driveway
- Special Listing Conditions:
- Standard
- Parcel Number:
- 5174013022
- Zoning:
- LAR4
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Listed by Tony Azzi
Data was last updated October 2, 2025 at 08:40 PM (UTC)
- BILLY LONG
- 1 (310) 663-1177
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of October 2, 2025 at 08:40 PM (UTC) and/or other sources.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.