351 S State
Los Angeles, CA 90033
7
Bed
7
Bath
8,161Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Has Heating: Yes Heating: Combination, Central, Ductless Has Cooling: Yes Cooling: CentralAir, Ductless
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Building Information
Year Built: 2024Building Area Total: 10137Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 8161 Lot Size Acres: 0.1874 Lot Size Source: Owner Lot Size Square Feet: 8,161 Lot Description: ZeroToOneUnitAcre
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Listing Price Information
Listing Price: $4190000Original Price: $4500000Cash, Conventional, FHA
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Tax Information
Parcel Number: 5174019047 Tax Lot: 4
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Parking Information
Parking Total: 8Garage Information
Has Garage: Yes Garage Space: 8
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Utility Information
ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected -
Location Information
Direction: turn north on state st from east 4th st WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1642 Murchison St, Los Angeles, CA, 90033 | $2,295,000 | 20 | 20 | -- | 7,494 Sq. Ft |
| 1621 Murchison, Los Angeles, CA, 90033 | $950,000 | 3 | 2 | -- | 7,498 Sq. Ft |
| 1651 Tremont, Los Angeles, CA, 90033 | $950,000 | 3 | 2 | -- | 7,497 Sq. Ft |
| 2426 Medford, Los Angeles, CA, 90033 | $599,000 | 2 | 2 | 808 | 2,500 Sq. Ft |
| 1571 Ricardo, Los Angeles, CA, 90033 | $2,995,000 | 15 | 15 | -- | 7,498 Sq. Ft |
| 2737 Pomeroy St, Los Angeles, CA, 90033 | $825,000 | 7 | 4 | -- | 7,994 Sq. Ft |
| 2814 Wabash Avenue, Los Angeles, CA, 90033 | $950,000 | 7 | 2 | 2,184 | 5,917 Sq. Ft |
| 2731 Wabash Avenue, Los Angeles, CA, 90033 | $699,000 | 4 | 2 | -- | 7,434 Sq. Ft |
| 2740 Fairmount, Los Angeles, CA, 90033 | $1,299,000 | 2 | 2 | 2,800 | 5,839 Sq. Ft |
| 1031 N Fickett, Los Angeles, CA, 90033 | $729,000 | 1 | 1 | -- | 3,682 Sq. Ft |
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ByOwner last updated this listing 10/03/2026 @ 22:26
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