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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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351 S State Los Angeles, CA 90033
$5,000,000 0 beds, 0 baths
0 sqft
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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128
888-995-7575
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Agent Remarks

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.

Listing Details

Property type: Triplex (Multi-Family)
Status: Active
MLS# PW26019991
List price is $5,000,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 2024
0.19 acres
Lot size: 0.1874
County: Los Angeles
Appliances: Convection Oven,Electric Oven,Electric Range,Gas Range,Refrigerator,Range Hood,Dryer,Washer
Parking description: Carport,Driveway
Lot description: ZeroToOneUnitAcre
Heating/cooling: Ductless
Heating description: Ductless
MLS area: BOYH - Boyle Heights

Last Updated: 4/6/2026

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This listing belongs to the BOYH - Boyle Heights MLS area

Lat/Long: 34.043676, -118.218788.
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Listing Agent: Steven Gray
Lic#: 02194905
Broker: Courtesy of eXp Realty of Greater Los Angeles

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128
888-995-7575
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