858-525-5007

131 Boyle, Los Angeles CA 90033 | $1,495,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 10170 Lot Sq Ft
  • Type:
  • Stories: 2
  • Year Built: 1887
  • MLS#: 25599703
  • Community: BOYH - Boyle Heights

Listing provided courtesy of Tony Azzi of Tony Azzi. Last updated 2025-11-12 09:11:24.000000. Listing information © 2025 SANDICOR.

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).

More Details

0.23 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985