351 S State, Los Angeles, CA 90033

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
351 S State,Los Angeles, CA 90033
$4,500,000
  • 7 Beds
  • 7 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: steven gray
Office: exp realty of greater los angeles
MLS#:PW26156984
Source:San Diego MLS via CRMLS

Price summary

  • Price:$4,500,000

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

  • Listing ID #:PW26156984
  • Added:24 day(s) ago
  • Updated:August 11, 2026 at 02:26 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:7

Heating and cooling

  • Cooling:Central Forced Air
  • Heating:Combination Heating

Structure and exterior

  • Levels:3 Story

Finances and disclosures

  • Price:$4,500,000
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