131 S Boyle Avenue Los Angeles, CA ^$ 1,495,000

131 S Boyle Avenue

^$ 1,495,000

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131 S Boyle Avenue

Los Angeles, CA, 90033

^$ 1,495,000

Bedrooms3 Baths1.0 Sq 4,709

Monthly Estimate*

^$ 9,327

Listed by Tony Azzi

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Multi-Family Home for sale in Los Angeles, CA

for $1,495,000 with 3 bedrooms and 1 full bath. This 4,709 square foot home was built in 1887 on a lot size of 0.2335.

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).

Multi-Family Contingent

Price

^$ 1,495,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2335

Year Built

1887

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

25599703

Days on Market

Features

General

Living Area 4709

Zoning LAR4

Architectural Style Victorian

Security Features Gated Community

Year Built 1887

View City Lights

Stories Count 2

Levels Two

Gross Income 250337

Community Features Gated

County Los Angeles

Net Operating Income 150711

New Construction 0

Property Type Residential Income

HOA 0

Full Baths 0

Special Listing Conditions Standard

Status Active Under Contract

Directions Easily accessible via I-5 I-10 US-101 and CA-60 131 S Boyle Ave is just east of Downtown Los Angeles. Minutes from the Arts District Little Tokyo and Mariachi Plaza Metro Station (E Line) the property offers convenient connectivity across the city.

City Los Angeles

Entry Location Main Level

Senior Community Y/N 0

Number Of Units Total 15

MLS Area BOYH - Boyle Heights

Lot Size Units Square Feet

Lot Size Square Feet 10170

Property Condition Updated/Remodeled

Standard Status Active Under Contract

Cap Rate 10.08

Interior

Total Stories 2

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 3

Total Baths 9

Exterior

Parking Features Driveway

Total Parking 7

Lot Size Area 10170

Number of Buildings 1

Building Area Total 4709

Lot Size Acres 0.2335

Lot Size Source Other

* Excluded Features

List By

Tony Azzi

Broker

tazzi@theazzigroup.com

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$9,327

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Monthly Principal & Interest: $9,327
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,940,350

Percent of Sale Price 30%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$1,495,000		Listed Price

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131 S Boyle Avenue, Los Angeles, CA, 90033 is a Multi-Family Home for sale at $1,495,000 with 4,709 sqft and a lot size of 0.2335. 131 S Boyle Avenue has 3 bedrooms, 1.0 baths, and was built in 1887. The property's zip code is 90033 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/29/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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131 S Boyle Avenue

Multi-Family Home for sale in Los Angeles, CA

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