435 S Boyle Ave
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435 S Boyle Ave
15,250 SF Office Building Los Angeles, CA 90033 $5,650,000 ($370/SF) 5.35% Cap Rate
Investment Highlights
- Potential for rezoning to high density multi-family
- Beautiful architecture in harmony with the Boyle Heights look and style
- Historic building that exudes the vibe associated with Boyle Heights. City of LA is open to considering zoning and use changes
- Multiple potential uses including clubs, lodges, and professional associations
- Very private building for those companies or organizations who need privacy to conduct their business
Executive Summary
Bankruptcy Court Equity Sale. Currently leased out on a NNN lease until July 2025. Tremendous potential for rezoning this property to high density Multi-Family residential and other uses. Large lot of nearly 30,000 square feet. Unique property with a large auditorium and many spaces for flexible uses.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
Distress Sale
Property Type
Office
Property Subtype
Building Size
15,250 SF
Building Class
C
Year Built
1926
Price
$5,650,000
Price Per SF
$370
Cap Rate
5.35%
NOI
$302,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
7,625 SF
Building FAR
0.54
Lot Size
0.65 AC
Zoning
R4 - Multiple Dwelling Zone
Amenities
- Conferencing Facility
- Courtyard
- Kitchen
- Partitioned Offices
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Los Angeles Room & Board
- Educational Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Los Angeles Room & Board | Educational Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 5174-002-017 | Improvements Assessment | $671,058 (2024) |
| Land Assessment | $1,565,802 (2024) | Total Assessment | $2,236,860 (2024) |
PROPERTY TAXES
Parcel Number
5174-002-017
Land Assessment
$1,565,802 (2024)
Improvements Assessment
$671,058 (2024)
Total Assessment
$2,236,860 (2024)
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435 S Boyle Ave
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