605 N St Louis St presents an attractive 4-unit multifamily investment opportunity in Los Angeles, offered at $949,000 ($237,250/unit), reflecting a 6.82% current Cap Rate and 10.47 GRM. Three of the four units will be delivered vacant, providing an investor with immediate value-add potential through the opportunity to achieve higher market rents. Pro Forma rents reflect a 13.59% increase in scheduled rental
income, further highlighting the property’s upside potential. Originally built in 1923, the property encompasses approximately 2,598 SF on a 5,311 SF lot, equating to $365/SF. The property is separately metered for electric, gas, and trash, providing for a favorable expense structure and greater control over operating costs. Strategically located in Los Angeles’ 90033 neighborhood, 605 N St Louis St benefits from convenient access to major employment centers, established retail corridors, and public transportation. The surrounding rental market is supported by consistent tenant
demand and long-term growth potential, positioning the property as an attractive opportunity for investors seeking a combination of immediate value-add upside, operational efficiency, and long-term appreciation.