Contact Xavier Gomez
Contacting Xavier Gomez
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
351 State , Los Angeles, CA 90033
Priced at Only: $5,000,000
For more Information Call
Address: 351 State , Los Angeles, CA 90033
Request More Information
  • All fields are required.
  • MLS#: PW26019991 ( Triplex )
  • Street Address: 351 State
  • Viewed: 2
  • Price: $5,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 0
  • Days On Market: 39
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90033
  • Provided by: eXp Realty of Greater Los Angeles
  • Contact: Steven Steven
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Accessibility Features
  1. None
Appliances
  1. Convection Oven
  2. Electric Oven
  3. Electric Range
  4. Gas & Electric Range
  5. Range Hood
  6. Refrigerator
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 10137.00
Carport Spaces
  1. 8.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Cooling
  1. Ductless
Country
  1. US
Days On Market
  1. 27
Direction Faces
  1. West
Electric
  1. Standard
Electric Expense
  1. 1500.00
Fireplace Features
  1. None
Foundation Details
  1. Slab
Fuel Expense
  1. 210.00
Garage Spaces
  1. 0.00
Heating
  1. Ductless
Insurance Expense
  1. 7872.00
Laundry Features
  1. Common Area
  2. Dryer Included
  3. Washer Included
Levels
  1. Three Or More
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 300000.00
Parcel Number
  1. 5174019047
Parking Features
  1. Carport
  2. Driveway
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Triplex
Property Condition
  1. Turnkey
Road Surface Type
  1. Paved
Roof
  1. Flat
Security Features
  1. Automatic Gate
  2. Smoke Detector(s)
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 455497327:CRM
Spa Features
  1. None
Totalexpenses
  1. 38232.00
Trash Expense
  1. 290.00
Uncovered Spaces
  1. 0.00
Utilities
  1. Cable Available
  2. Electricity Connected
  3. Phone Available
  4. Sewer Connected
  5. Water Connected
View
  1. None
Water Sewer Expense
  1. 290.00
Water Source
  1. Public
Year Built
  1. 2024
Year Built Source
  1. Seller
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
Request More Information
  • All fields are required.