223 N Breed St new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90033
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,064 sqft
Price per Sqft $264
MLS Listing ID 25580505
Bedrooms 32
Year Built 1927
Lot Size 8,132 Sqft
Acres 0.1867
Property Sub-Type Multi-Family
Property Description
223 N. Breed Street offers investors a rare value-add opportunity with rents positioned well below market, presenting an estimated 62% income growth potential in a high-demand, densely populated area. Located in vibrant Boyle Heights, the property provides quick access to Downtown Los Angeles, East L.A., Monterey Park, and the Arts District, with convenient Metro Gold Line access at Mariachi Plaza. The neighborhood is known for its diverse dining, nightlife, and cultural attractions. Highlights: 32 units: 8 studios + 24 efficiencies, All units include private bathrooms, 7 units delivered vacant for immediate renovation/repositioning, Significant upside through renovations, leasing strategies, and tenant turnover. With its central location, below-market rents, and strong value-add potential, 223 N. Breed Street is a compelling multifamily investment opportunity.
Location
State CA
County Los Angeles
Area Boyle Heights
Zoning LAR4
Rooms
Other Rooms None
Interior
Heating Wall Gas
Cooling None
Equipment None
Exterior
Parking Features None
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard