131 S Boyle Avenue, Los Angeles, CA 90033
- $1,400,000
- 3
- BD
- 9
- BA
- 4,709
- SqFt
- Sold Price
- $1,400,000
- List Price
- $1,495,000
- Closing Date
- Jan 30, 2026
- Status
- CLOSED
- MLS#
- 25599703
- Year Built
- 1887
- Bedrooms
- 3
- Bathrooms
- 9
- Living Sq. Ft
- 4,709
- Lot Size
- 10,170
- Acres
- 0.23
- Days on Market
- 47
- Property Type
- Multifamily
- Style
- Victorian
- Stories
- Two Levels
Property Description
131 S Boyle Avenue is a 15-unit multifamily property in the heart of Boyle Heights, just east of Downtown Los Angeles. Built in 1887 and designated a Los Angeles Historic-Cultural Monument, the former Simon Gless Farmhouse showcases over 125 years of architectural charm on a 10,170 SF LAR4-zoned lot. The property features (12) studios and (3) one-bedroom units across 4,709 SF, with master-metered utilities. Residents benefit from a highly walkable location near the Arts District, Little Tokyo, White Memorial Hospital, and Mariachi Plaza Metro Station (E Line), with direct freeway access for seamless connectivity across Los Angeles. Offering a true 9.55% cap rate and 6.65 GRM on current income, the asset provides stable cash flow with meaningful upside through rent optimization. The large lot also allows for future redevelopment or ADU potential (buyer to verify, subject to historic review).
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Additional Information
- View
- City Lights
- Attached Structure
- Detached
- Number Of Units Total
- 15
- Levels
- Two
- Parking Spaces
- 7
Listing courtesy of Listing Agent: Tony Azzi (tazzi@theazzigroup.com) from Listing Office: Tony Azzi.
Listing sold by Tony Azzi from Tony Azzi
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.