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351 S State, Los Angeles, CA 90033

Los Angeles
Local realty services provided by:CENTURY 21 Masters
351 S State,Los Angeles, CA 90033
$5,000,000
  • - Beds
  • - Baths
  • 10,137 sq. ft.
  • Multi-family
  • Active
Listed by: steven gray
Office: exp realty of greater los angeles888-652-1314
MLS#:PW26019991
Source:CRMLS

Price summary

  • Price:$5,000,000
  • Price per sq. ft.:$493.24

About this home

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...

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Home facts

  • Year built:2024
  • Listing ID #:PW26019991
  • Added:132 day(s) ago
  • Updated:June 15, 2026 at 10:39 AM

Rooms and interior

  • Kitchen Description:Convection Oven, Electric Oven, Electric Range, Gas Range, Range Hood, Refrigerator
  • Living area:10,137 sq. ft.

Heating and cooling

  • Cooling:Ductless Air
  • Heating:Ductless

Structure and exterior

  • Roof:Flat
  • Year built:2024
  • Building area:10,137 sq. ft.
  • Lot area:0.19 Acres
  • Foundation Description:Slab

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$5,000,000
  • Price per sq. ft.:$493.24

Features and amenities

  • Appliances:Convection Oven, Dryer, Electric Oven, Electric Range, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:8
  • Parking description:8 Carport Space(s), Carport, Driveway
  • Carport spaces:8
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Masters is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Masters, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Randy Keith Thompson

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