$5,000,000

351 S State, Los Angeles, CA 90033

  • 7 beds |
  • 7 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon8,163sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 days ago

Property 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

Listing Status:
Active
Date Added:
January 28, 2026
Data Last Updated:
February 8, 2026 at 7:11AM
Listing Office:
eXp Realty of Greater Los Angeles : 888-652-1314
Listing Agent:
Steven Gray : 213-570-9275
MLS ID:
PW26019991
  • General: N/K
  • Pool: N/K
  • General: 3 Story
  • HOA Amenities: 0.0
  • Originating MLS: California Regional MLS
  • County: Los Angeles
  • Zoning: Seller5174019047
  • Source: California Regional MLS

Presented by Veterans United Realty

This listing courtesy of Steven Gray , eXp Realty of Greater Los Angeles

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

2

2nd Street Elementary School

1942 E 2nd St, Los Angeles, CA, 90033

Grades KG-6

0.13 miles away

U

Utah Street School

255 Gabriel Garcia Marquez St, Los Angeles, CA, 90033

Grades KG-8

0.53 miles away

M

Math, Science, & Technology Magnet Academy at Roosevelt High School

456 S Mathews St, Los Angeles, CA, 90033

Grades 9-12

0.57 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.