351 S State, Los Angeles, CA 90033

Los Angeles
Local realty services provided by:ERA Excel Realty
351 S State,Los Angeles, CA 90033
$5,000,000
  • - Beds
  • - Baths
  • 10,137 sq. ft.
  • Multi-family
  • Active
Listed by: steven gray
Office: exp realty of greater los angeles
MLS#:PW26019991
Source:CRMLS

Price summary

  • Price:$5,000,000
  • Price per sq. ft.:$493.24

About this home

This property is part of a 3 property portfolio, see MLS#PW26019993, and MLS#PW26019990 351 S State Street is a newly constructed, income-producing multifamily asset located in the heart of Boyle Heights, one of Los Angeles’ most dynamic and rapidly evolving neighborhoods. Completed in 2024 and reaching full occupancy in 2025, the property is currently stabilized and generating approximately $25,000 per month in rental income under a corporate lease structure, offering immediate and reliable cash flow. The property is ideally suited for corporate housing, workforce housing, or student housing, with flexible exit optionality. A future owner may elect to maintain the existing corporate lease for stable income or take delivery vacant, allowing for repositioning or alternative leasing strategies. Architecture & Design The asset features contemporary, ground-up construction with a modern aesthetic throughout. The exterior showcases clean lines, a neutral color palette, and large...

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Home facts

  • Year built:2024
  • Listing ID #:PW26019991
  • Added:48 day(s) ago
  • Updated:March 23, 2026 at 01:18 PM

Rooms and interior

  • Kitchen Description:Convection Oven, Electric Oven, Electric Range, Gas Range, Range Hood, Refrigerator, Washer
  • Living area:10,137 sq. ft.

Heating and cooling

  • Cooling:Ductless
  • Heating:Ductless

Structure and exterior

  • Roof:Flat
  • Year built:2024
  • Building area:10,137 sq. ft.
  • Lot area:0.19 Acres
  • Foundation Description:Slab
  • Levels:Three Or More

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$5,000,000
  • Price per sq. ft.:$493.24

Features and amenities

  • Appliances:Convection Oven, Dryer, Electric Oven, Electric Range, Gas Range, Range Hood, Refrigerator, Washer
  • Laundry features:Common Area, Dryer, Washer
  • Amenities:Security Gate, Smoke Detectors

Parking

  • Total parking spaces:8
  • Parking description:8 Carport Space(s), Carport, Driveway
  • Carport spaces:8
Based on information from California Regional Multiple Listing Service, Inc. as of March 23, 2026 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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