Home | Los Angeles County | Los Angeles | 90033 | 351 S State
MLS: CRPW26019991 | Status: | Price: $5,000,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 8,161 | 2024 |
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 floor
| Field | Value |
|---|---|
| MLS # | CRPW26019991 |
| MLS Source | California Regional MLS |
| Days on Site | 80 |
| Feature | Details |
|---|---|
| Appliances | Hood Over Range, Other, Oven - Electric, Oven Range - Electric, Oven Range - Gas, Dryer, Washer |
| Feature | Details |
|---|---|
| Roof | Flat |
| Foundation | Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Carport, Other, Garage: 0 Car(s) |
| HOA Fee | $0 |
Steven Gray
eXp Realty of Greater Los Angeles
License #: 02194905
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | – |
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This listing information is up-to-date as of April 06, 2026. For the most current information, please contact Steven Gray.