$5,000,000
351 S State, Los Angeles CA 90033
Multi-Family (Triplex)
Property type
123 days
On market
$493
Price per sqft
0 cars
Garage
2024
Year built
8,161 sqft
Lot size
Open Houses
Overview
This property is part of a 3 property portfolio, see MLS#PW26019993, and MLS#PW26019990 351 S State Street is a newly constructed, income-producing multifamily asset located in the heart of Boyle Heights, one of Los Angeles’ most dynamic and rapidly evolving neighborhoods. Completed in 2024 and reaching full occupancy in 2025, the property is currently stabilized and...
Listing provided by: Steven Gray DRE #02194905, eXp Realty of Greater Los Angeles
Listing updated: Apr 6, 2026 at 02:01pm.
Last checked: Jun 4, 2026 at 11:31pm
Source: CRMLS #PW26019991
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $2,407 | $2,407 | $2,407 | Negotiable |
| 5 | 6 | 6 | — | $22,593 | $22,593 | $22,593 | Negotiable |
# of Buildings: 3
# of Units Total: 6
Separate Electric Meters: 3
Separate Gas Meters: 3
Separate Water Meters: 3
Ranges: 6
Refrigerator: 6
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
200.0x
List Price / Annual Gross Rent
Cap Rate
6%
NOI / List Price
Gross Scheduled Income: $25,000
Operating Expense: $38,232
Net Operating Income: $300,000
Annual Operating Expenses
Electric: $1,500
Fuel: $210
Insurance: $7,872
Professional Management: $0
Trash: $290
Water / Sewer: $290
Interior
Cooling: Ductless
Heating: Ductless
Appliances: Convection Oven, Electric Oven, Electric Range, Gas Range, Refrigerator, Range Hood, Dryer, Washer
Fireplace: None
Laundry: Common Area, Dryer Included, Washer Included
Accessibility: None
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 3
Levels: Three Or More
Roof: Flat
Foundation: Slab
Property Condition: Turnkey
Common Walls: Two Common Walls Or More
Direction Faces: West
Security Features: Security Gate, Smoke Detectors
Lot Features: Zero To One Unit Acre
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
View: None
Road Surface Type: Paved
Garage and Parking
Parking: Carport, Driveway
Garage Spaces: 0
Uncovered Spaces: 0
Carport Spaces: 8
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5174019047
Additional Parcels: No
Tax Lot: 4
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs, Sidewalks, Urban
Nearby Schools
Nearby schools around the 351 S State, Los Angeles, CA 90033. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,000,000
Total Interest
$5,101,780
Total Payment
$9,101,780
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$30,641
per month
Property History for 351 S State
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90033.
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