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$1,495,000

  • For Sale
  • Under Contract
  • Multi-Family
  • 3 Total Beds
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131 S Boyle Avenue is a 15-unit multifamily property in the heart of Boyle Heights, just east of Downtown Los Angeles. Built in 1887 and designated a Los Angeles Historic-Cultural Monument, the former Simon Gless Farmhouse showcases over 125 years of architectural charm on a 10,170 SF LAR4-zoned lot. The property features (12) studios and (3) one-bedroom units across 4,709 SF, with master-metered utilities. Residents benefit from a highly walkable location near the Arts District, Little Tokyo, White Memorial Hospital, and Mariachi Plaza Metro Station (E Line), with direct freeway access for seamless connectivity across Los Angeles. Offering a true 9.55% cap rate and 6.65 GRM on current income, the asset provides stable cash flow with meaningful upside through rent optimization. The large lot also allows for future redevelopment or ADU potential (buyer to verify, subject to historic review).

Full Property Details for 131 S Boyle Ave

General

  • Price: $1,495,000
  • Status: Under Contract
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25599703
  • Updated: 11/14/2025
  • Added to Site: 117 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 9

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Security/Safety: Gated
  • Other Features: None

Parking

  • Garage Description: Driveway

Location

  • Area: Boyle Heights
  • County: Los Angeles
  • Driving Directions: Easily accessible via I-5, I-10, US-101, and CA-60, 131 S Boyle Ave is just east of Downtown Los Angeles. Minutes from the Arts District, Little Tokyo, and Mariachi Plaza Metro Station (E Line), the property offers convenient connectivity across the city.

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Other

Structural Information

  • # Buildings: 1
  • Architectural Style: Victorian
  • Entry Location: Main Level
  • Stories/Levels: 2
  • Square Feet: 4,709
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1887
  • Year Built Source: Vendor Enhanced
  • Property Condition: Updated/Remodeled
  • Other Struct. Feat.: Balcony, Historical

Unit Information

  • Units in Complex: 15
  • Unit Type: 2106, 2107, 2108, 2109

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: .5
  • Bedrooms: 1

Unit 3

  • Total Bathrooms: .5

Unit 4

  • Total Bathrooms: 1

Additional Structures

  • Other Structures: None

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.2335
  • Lot Size: 10170
  • Lot Size Source: Other
  • Lot Features: City
  • Zoning: LAR4
  • Lot Description: Fenced, Fenced Yard

Financial Considerations

  • Price Per Sq. Ft.: $317.48
  • Assessment Year: 1887

Disclosures and Reports

  • Disclosures/Reports: None
  • APN: 5174-013-022

Listed by Tony Azzi, Tony Azzi

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Listing agent

— 131 S Boyle Ave —

  • Tony Azzi

    Tony Azzi

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 131 S Boyle Ave

School District:Los Angeles Unified School District
NameGradesDistance
Second Street Elementary School
1942 East 2nd Street, Los Angeles, CA 90033
K-60.2 mi
Hollenbeck Middle School
2510 East 6th Street, Los Angeles, CA 90023
6-80.8 mi
Felicitas And Gonzalo Mendez High
1200 Plaza Del Sol East, Los Angeles, CA 90033
9-120.4 mi
Theodore Roosevelt Senior High
456 South Mathews Street, Los Angeles, CA 90033
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 131 S Boyle Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/04/2025
Price Reduced
$1,495,000
-6.56%
MLS
9/22/2025
Listed
$1,600,000
-3.03%
MLS
12/27/2020
Sold
$1,650,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 131 S Boyle Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,083
1%
$1,786,010
2%
2024
$21,759
2%
$1,750,992
2%
2023
$21,342
5%
$1,716,660
2%
2022
$20,358
1%
$1,683,000
2%
2021
$20,098
105%
$1,650,000
118%
2020
$9,794
4%
$757,701
2%
2019
$9,424
1%
$742,845
2%
2018
$9,321
2%
$728,280
2%
2017
$9,125
3%
$714,000
2%
2016
$8,879
31%
$700,000
33%
2015
$6,795
477%
$525,000
939%
2014
$1,178
-2%
$50,553
—
2013
$1,198
—
$50,325
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 131 S Boyle Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Tony Azzi, Tony Azzi

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131 S Boyle Ave, Los Angeles, CA 90033 (MLS# 25599703) is a Multi-Family property with units containing 3 bedrooms and 0 full bathrooms. 131 S Boyle Ave is currently listed for $1,495,000 and was received on September 22, 2025. Want to learn more about 131 S Boyle Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.

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