642 N Boyle Avenue, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

642 N Boyle Avenue, Los Angeles, California 90033 home-pic-0
ACTIVE$3,098,000
642 N Boyle Avenue, Los Angeles, California 90033
0Bed
0Bath
6,744Sqft
7,171Lot
Year Built
2025
Close
-
List price
$3.1M
Original List price
$3.1M
Price/Sqft
$459
HOA
-
Days on market
-
Sold On
-
MLS number
MB25101213
Home ConditionExcellent
Features
Good View: Neighborhood
Deck
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $3.10M(88th), sqft - 6744(88th), beds - undefined(50th), baths - undefined(50th).

LIKE NO OTHER: - Less than 1 mile from White Memorial, LA County General Hospitals: Introducing a stunning well-appointed side-by-side 4- Units on each lot, comprised of modern contemporary 3-story townhouse style units, NEWLY built 2025, with NO RENT CONTROL, located in the HEART OF BOYLE HEIGHTS neighborhood conveniently adjacent to the vibrant sister cities of City Terrace, El Sereno, East LA, Lincoln Heights. This development is truly a one of kind trophy property. This property is the perfect investment for a non-profit organization looking to add to their existing portfolio of rehabilitation housing programs. Logistically, everything is within a short 1-5 miles commute away The Arts District, Downtown LA, Little Toyko, the New 6th Street Bridge, Union Station, Cal State LA, Schools, Restaurants, Parks, and walking distance to the Mariachi Plaza Metro Station. This property offers a unique blend of contemporary amenities, cost-saving features, and income potential. Don't miss out on the opportunity to earn positive cash flow with annual rent increases, leverage new construction tax benefits, minimize maintenance costs, 1 Yr. fit and finish builder’s warranty. Make this the one and witness appreciation in one of North East Los Angeles most desirable robust markets. Property sits on a large flat lot, 7,167 with plenty of surface parking spaces. Total living Sq Ft: 6,744 + 418 for the 2 car tandem garage, Units are individually metered, each unit is fully equipped with all appliances, and paid off solar panels. The Developer has paid careful attention to all the details of the building to stand out from other new buildings. Make this your next investment purchase, this is a ONE OF KIND SIDE BY SIDE 4-plex! Call and book your private tour today!

Price History

Date
Event
Price
09/14/23
Sold
$720,000
Condition Rating
Excellent

This property is brand new construction, built in 2025, featuring modern contemporary design across all units. The kitchens are equipped with new stainless steel appliances, modern cabinetry, and sleek finishes. Bathrooms, though not explicitly shown in detail, are expected to be equally new and modern. The property boasts recessed lighting, modern flooring (likely LVP or similar), and new systems including paid-off solar panels, ensuring all components are virtually new and meet current quality standards with no deferred maintenance.
Pros & Cons

Pros

Brand New Construction (2025) & Modern Design: Built in 2025, this property features modern contemporary 3-story townhouse-style units, offering new construction tax benefits and a 1-year builder's warranty, minimizing immediate maintenance concerns.
Exempt from Rent Control: A significant advantage for investors in Los Angeles, the property is explicitly stated to have 'NO RENT CONTROL,' allowing for greater flexibility in rent adjustments and maximizing cash flow.
High Income Potential & Cost Savings: This 4-unit property is designed for positive cash flow with annual rent increases, individually metered units, and paid-off solar panels, significantly reducing operating costs for the owner and tenants.
Strategic & Accessible Location: Situated in the heart of Boyle Heights, it offers excellent proximity to major employment centers (White Memorial, LA County General Hospitals), cultural hubs (Arts District, DTLA), and public transit (Mariachi Plaza Metro Station).
Large Lot with Ample Parking: The substantial 7,167 sq ft flat lot provides plenty of surface parking spaces, a valuable and sought-after amenity in a dense urban environment.

Cons

Targeted Buyer Niche: The explicit mention of suitability for 'non-profit organization looking to add to their existing portfolio of rehabilitation housing programs' might inadvertently limit the broader investor appeal.
Boyle Heights Market Perception: While undergoing appreciation, the Boyle Heights neighborhood may still face certain perceptions or lack the broad appeal of more traditionally upscale investment areas in Los Angeles for some buyers.
Urban Environment Considerations: Its central location, while a strength for accessibility, inherently comes with potential drawbacks such as higher urban noise levels and traffic congestion.

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