Property Details
About this Property
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 floor
MLS Listing Information
MLS #
CRPW26019991
MLS Source
California Regional MLS
Days on Site
2
Interior Features
Appliances
Hood Over Range, Other, Oven - Electric, Oven Range - Electric, Oven Range - Gas, Dryer, Washer
Exterior Features
Roof
Flat
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Carport, Other, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
351 S State is a Residential Income in Los Angeles, CA 90033. This – square foot property sits on a 8,161 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,000,000 and was built in 2024. This address can also be written as 351 S State, Los Angeles, CA 90033.
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This listing information is up-to-date as of February 03, 2026. For the most current information, please contact Steven Gray
