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Closed
- Listed price
- $1,850,000
- Listed Sep 8, 2020 · $393/sq ft
- Sold price
- $1,650,000
- Sold Dec 31, 2020
15 beds|2 ba|4,709 sqft|10,170 sqft lot|1887 Built|51 MLS days on market
131 S Boyle Ave, Los Angeles, CA 90033
Property Description
131 S Boyle Ave is a 15-unit true value-add investment opportunity located in Boyle Heights, located just south of E 1st Street with immediate access to the I-5 and I-10 Freeways. The subject property, built in 1887, will be delivered 100% vacant and consists of 15 single occupancy units, 5 units have spaces for a full kitchen. Furthermore, there is a community lobby on the first floor and four communal bathrooms, two on each floor. This investment presents the opportunity to capture a strong market CAP rate of 6.44% and 8.55 GRM, with the ability to reposition the property with interior renovations immediately at the close of escrow. Buyer can potentially convert driveway to on-site gated parking for 12-15 spaces. High walk score of 90, in close proximity to shopping, nightlife and dining attractions; direct access to the I-5 and I-10 Freeways, as well as the CA-60. Boyle Heights is a fast growing, historic, and vibrant neighborhood located just East of Downtown Los Angeles.
Listing agent: Neema AhadianDRE #01346750neema@marcusmillichap.com, Listing office: Marcus & Millichap
MLS data updated 11/3/2026, 8:05:38 AM PT
Source: CRMLSMLS #: 20629502
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,650,000
Dec 31, 2020
Available records22020
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90033 · Nov 2026
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No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90033 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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