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

648 N Boyle Avenue, Los Angeles, California 90033 home-pic-0
ACTIVE$3,098,000
648 N Boyle Avenue, Los Angeles, California 90033
0Bed
0Bath
6,744Sqft
7,167Lot
Year Built
2025
Close
-
List price
$3.1M
Original List price
$3.1M
Price/Sqft
$459
HOA
-
Days on market
-
Sold On
-
MLS number
MB25100972
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
05/17/23
Sold
$755,000
02/09/15
Sold
$315,000
Condition Rating
Excellent

This property is a newly built (2025) modern contemporary 4-plex. The description explicitly states it's 'NEWLY built 2025' and the images confirm a pristine, modern aesthetic throughout. The kitchens feature new stainless steel appliances, contemporary flat-panel cabinetry, and recessed lighting. Bathrooms are also new with modern fixtures and finishes. All components are virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2025, this property offers contemporary 3-story townhouse-style units with minimal maintenance, a 1-year builder's warranty, and new construction tax benefits.
No Rent Control: A significant advantage for investors in Los Angeles, allowing for greater flexibility in rent adjustments and maximizing potential cash flow.
Strong Income Potential: A side-by-side 4-plex with individually metered units, fully equipped with appliances, and paid-off solar panels, designed for positive cash flow and annual rent increases.
Strategic Location & Accessibility: Situated in the heart of Boyle Heights, with excellent proximity to major hospitals, downtown LA attractions, universities, and public transportation (Mariachi Plaza Metro Station).
Cost-Saving & Value-Adding Features: Includes paid-off solar panels, individually metered units, and a large 7,167 sq ft flat lot with ample surface parking, enhancing tenant appeal and operational efficiency.

Cons

High Capital Investment: The list price of $3,098,000 represents a substantial financial commitment, potentially narrowing the pool of eligible investors.
Lack of Detailed Unit Breakdown: The description does not specify the number of bedrooms/bathrooms or individual square footage for each of the four units, which is crucial for a comprehensive investment analysis.
Neighborhood Market Perception: While described as robust, Boyle Heights may still carry varying market perceptions among investors, potentially influencing demand or perceived risk compared to more established investment areas.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state