
Los Angeles, California 90033
This New Construction Multi-Unit Asset is listed at $3,400,000, reflecting a strategic premium for its Excellent Condition Rating and rare Non-RSO Status in Boyle Heights. While the $3,274,320 Fair Market Value indicates a market-aligned entry for 2024 completions, the $21,850 Projected Monthly Income and high-end Quartz Kitchens drive significant long-term ROI. Featuring six units with Private Balconies and Mountain Views, this development eliminates deferred maintenance risks. This turnkey acquisition is a strategic fit for Buy-and-Hold Investors or Portfolio Managers seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 354 N Breed Subject | $3,400,000* List Price | 0 | 0 | 6,257 | $523 | - |
A 327 N Chicago Street Active | $3,680,000 List Price | 0 | 0 | 7,724 | $476 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property is a brand-new construction, completed in 2024, which immediately qualifies it for an 'excellent' rating. The description and images confirm high-end, modern finishes throughout, including sleek white cabinetry, quartz countertops, new stainless steel appliances, hardwood-style vinyl panel flooring, recessed lighting, floating vanities, LED-lit mirrors, and oversized walk-in showers with matte black fixtures. Each unit also features in-unit laundry and mini-split AC units, indicating all components are new and meet current quality standards with no deferred maintenance.
Built in 2023 and completed in 2024, the property features a striking modern facade with bold black and white tones, floor-to-ceiling windows, and stylish wood paneling, appealing to contemporary tenants.
Each unit boasts open-concept kitchens with sleek white cabinetry, quartz countertops, high-end stainless steel appliances, and spa-like bathrooms with floating vanities and LED-lit mirrors, ensuring tenant satisfaction and premium rents.
As a brand-new construction (Non-RSO), the property offers investors greater flexibility and control over rental rates and tenant agreements, a significant advantage in the Los Angeles market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6257, other record living area = 6572.
The property description does not explicitly mention a cooling system, which could be a significant drawback for tenants during Los Angeles' hot summer months and potentially impact rental demand or achievable rents.
While the property is identified as a triplex, the description lacks specific details for each unit (e.g., individual bedroom/bathroom counts, square footage, or projected rent per unit), making a precise individual unit valuation and income projection challenging for potential buyers.
This property is part of a 3 property portfolio, see MLS#PW26019991 , and MLS#PW26019993 Welcome to 354 N Breed St, an exceptional brand-new construction (Non-RSO) completed in 2024, offering a premier investment opportunity in the heart of Boyle Heights. This striking multi-unit development features three contemporary buildings, housing a total of six spacious units—350, 350 1/2, 352, 352 1/2, 354, and 354 1/2—all designed with modern elegance and tenant convenience in mind. Boasting an impressive projected rental income of $21,850.00 per month, this asset presents a lucrative opportunity for investors seeking strong cash flow and long-term appreciation. Aesthetic & Functional Appeal Each unit seamlessly blends modern design with high-end finishes, creating an inviting atmosphere for tenants. The open-concept kitchens are equipped with sleek white cabinetry, quartz countertops, high-end stainless steel appliances, and stylish black fixtures. Expansive windows flood the space with natural light, highlighting the premium hardwood-style vinyl panel flooring and sophisticated recessed lighting. Bathrooms showcase a spa-like experience, featuring floating vanities, LED-lit mirrors, oversized walk-in showers, and sleek matte black finishes. Additional features include in-unit laundry, walk-in closets, and private balconies offering scenic views. Striking Modern Façade: The sleek architectural design combines a mix of bold black and white tones, floor-to-ceiling windows, and stylish wood paneling accents, delivering a high-end contemporary aesthetic. Gated Parking & Secure Entry: The property is designed with security in mind, featuring gated entry, assigned parking, and a well-lit pathway to each unit.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 6,257 | 2,269 | 82% |
| Lot Size | 6,290 | 5,849 | 64% |
| Price | $3.40M | $775.0K | 82% |
| Price per sq ft | $543 | $408 | 82% |
| Built year | 2023 | 1925 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 79 | 204 | 18% |
Feb 2, 2026
$3,400,000
Initial Listing
Aug 12, 2020
$510,000
Public Record