131 S Boyle Avenue, Los Angeles, CA 90033

Local realty services provided by:Better Homes and Gardens Real Estate Clarity
131 S Boyle Avenue,Los Angeles, CA 90033
$1,495,000
  • 3 Beds
  • 9 Baths
  • 4,709 sq. ft.
  • Multi-family
  • Active
Listed by: tony azzi
Office: tony azzi
MLS#:25599703
Source:CRMLS

Price summary

  • Price:$1,495,000
  • Price per sq. ft.:$317.48

About this home

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).

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Home facts

  • Year built:1887
  • Listing ID #:25599703
  • Added:62 day(s) ago
  • Updated:December 02, 2025 at 11:46 AM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:9
  • Living area:4,709 sq. ft.

Structure and exterior

  • Year built:1887
  • Building area:4,709 sq. ft.
  • Lot area:0.23 Acres

Finances and disclosures

  • Price:$1,495,000
  • Price per sq. ft.:$317.48
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