538 South St Louis Street

Los Angeles, CA 90033

$1,760,000
Price
13
Beds
7
Baths
6,509 Sq. Ft.
$270 / Sq. Ft.
6,509
Sq. Ft.
$270
per Sq. Ft.

Description

Come to see this very well maintained 7 units building. Very close to freeways 10, 101 and 5. Prime location in Boyle Heights just across beautiful Hollenbeck Park, some units have direct view of it. It has 4 garages plus parking for up to 3 cars, possible 6, in ample backside patio. Property is completely iron gated front and back. It counts with a newly renovated exclusive owners' and/or contractors' bathroom. Lots of potentials for this property. Rent increase starting February 1, 2025 to a total...Come to see this very well maintained 7 units building. Very close to freeways 10, 101 and 5. Prime location in Boyle Heights just across beautiful Hollenbeck Park, some units have direct view of it. It has 4 garages plus parking for up to 3 cars, possible 6, in ample backside patio. Property is completely iron gated front and back. It counts with a newly renovated exclusive owners' and/or contractors' bathroom. Lots of potentials for this property. Rent increase starting February 1, 2025 to a total of $10,245 per month plus rent for 2 garages. Bring your demanding investors they will like it. Please note it is a Drive by only, do not disturb or contact tenants. Offer subject to interior inspection after an accepted offer.
  1. Listed by Manuel Ruiz • DRE #01110989 • Brokerage DRE #01110989 • Fenix Properties • fenixproperties@sbcglobal.net

Property Details for 538 South St Louis Street

Parking Spaces Total
7
Private Pool
No
Total Units
7.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
6509
Assessor Parcel Number
5183-019-008
Property Attached YN
false
LISTING UPDATED: 12/16/2024 03:21 AM

Property Details for 538 South St Louis Street

StatusActive
MLS #OC24249655
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1968
CountyLos Angeles County

Building Information for 538 South St Louis Street

Building/Complex538 S St Louis StFloor-Stories2Residences-Pet Policy-Year Built1968Building Size-

Property Information for 538 South St Louis Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $119,406
  • Gross Scheduled Income: $119,406
  • Net Operating Income: $107,912
  • Number Of Rented Garages: 2
  • Garage Rental Rate: $600
  • Garage Income: $1,200
Expense Details
  • Operating Expense: $11,494
  • Insurance Expense: $3,558
  • Maintenance Expense: $1,200
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $6,736
  • Total Expenses: $11,494
Tax / Assessment Info
  • Tax Block: M
  • Tax Tract Number: 1015
  • Tax Census Tract: 2046.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Park, Urban
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 2
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard
  • Number Of Units: 7
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,028
  • Unit Type Total Rent: $2,028
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $846
  • Unit Type Total Rent: $846
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,225
  • Unit Type Total Rent: $1,225
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,348
  • Unit Type Total Rent: $1,348
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,491
  • Unit Type Total Rent: $1,491
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,327
  • Unit Type Total Rent: $1,327
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,586
  • Unit Type Total Rent: $1,586
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 7
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 0

Property History for 538 South St Louis Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 538 South St Louis Street

Taxable ValueLand$184,581Additions$425,971Total$610,552
Tax Record2024$8,540 ($712 / month)
Home Facts
Total Finished SqFt6,509 SqFtAbove Grade Finished SqFt6,509 SqFtLot Size7,354 SqFtStyleMulti-Family Res (5+ Units)Year Built1968ZoningLARD1.5CountyLOS ANGELESAPN5183-019-008

Schools near 538 South St Louis Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Breed Street Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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538 South St Louis Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on December 16, 2024 by Fenix Properties, it's currently listed at $1,760,000. It has been on the market for a total of 4 days and was last sold on August 21, 2002. This listing's school district is Los Angeles Unified School District. Nearby schools include Breed Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 538 South St Louis Street is a 13-bed, 7-bath, 6,509 sqft multi-family home built in 1968.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Fenix Properties, Manuel Ruiz, DRE #01110989

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.