351 S State, Los Angeles, CA 90033

Los Angeles
Local realty services provided by:ERA Carlile Realty Group
351 S State,Los Angeles, CA 90033
$4,190,000
  • - Beds
  • - Baths
  • 10,137 sq. ft.
  • Multi-family
  • Active
Listed by: steven gray
Office: exp realty of greater los angeles888-652-1314
MLS#:PW26156984
Source:CRMLS

Price summary

  • Price:$4,190,000
  • Price per sq. ft.:$413.34

About this home

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 $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. RENTS IN PLACE: The asset is currently stabilized and generating $25,000 per month in secured income under a master lease with a corporate tenant, providing immediate and predictable cash flow. A buyer also retains the option to take the property delivered vacant, allowing for repositioning,...

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Home facts

  • Year built:2024
  • Listing ID #:PW26156984
  • Added:117 day(s) ago
  • Updated:November 12, 2026 at 01:08 PM

Rooms and interior

  • Living area:10,137 sq. ft.

Heating and cooling

  • Cooling:Central Air, Ductless Air
  • Heating:Central, Combination, Ductless
  • Central air:Yes

Structure and exterior

  • Year built:2024
  • Building area:10,137 sq. ft.
  • Lot area:0.19 Acres

Utilities

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

Finances and disclosures

  • Price:$4,190,000
  • Price per sq. ft.:$413.34

Features and amenities

  • Laundry features:Inside

Parking

  • Total parking spaces:8
  • Garage:Yes
  • Garage spaces:8
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