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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$5,000,000

Est. payment - /mo

8,163 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26019991

Construction Status Turnkey

HOA Y/N No

Year Built 2024

Lot Size 8,163 Sqft

Property Sub-Type Triplex

Property Description

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 windows that provide abundant natural light across all residential spaces. Durable materials and low-maintenance finishes were selected to support long-term ownership efficiency.
Interior units, as reflected in the photos, are thoughtfully designed with:
Open and efficient floor plans
Wide-plank flooring throughout living areas
Modern kitchens with flat-panel cabinetry, solid-surface countertops, and full appliance packages
Updated bathrooms with large-format tile surrounds and contemporary fixtures
Recessed lighting and modern hardware
Bright bedrooms with oversized windows and clean finishes
The overall design is functional, modern, and well-suited for furnished or semi-furnished occupancy, further enhancing its appeal for corporate and institutional-style tenants.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Interior

Heating Ductless

Cooling Ductless

Fireplaces Type None

Fireplace No

Appliance Convection Oven, Electric Oven, Electric Range, Gas Range, Refrigerator, Range Hood, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Carport, Driveway

Carport Spaces 8

Pool None

Community Features Curbs, Sidewalks, Urban

Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat

Accessibility None

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Faces West

Story 3

Entry Level Three Or More

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction Yes

Construction Status Turnkey

Others

Senior Community No

Tax ID 5174019047

Security Features Security Gate,Smoke Detector(s)

Energy Description 210.0

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Steven Gray eXp Realty of Greater Los Angeles 213-570-9275, DRE #02194905

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351 S State Los Angeles, CA 90033