223 N. Breed Street offers investors a rare value-add opportunity with rents positioned well below market, presenting an estimated 62% income growth potential in a high-demand, densely populated area. Located in vibrant Boyle Heights, the property provides quick access to Downtown Los Angeles, East L.A., Monterey Park, and the Arts District, with convenient Metro Gold Line access at Mariachi Plaza. The neighborhood is known for its diverse dining, nightlife, and cultural attractions. Highlights: 32 units: 8 studios + 24 efficiencies, All units include private bathrooms, 7 units delivered vacant for immediate renovation/repositioning, Significant upside through renovations, leasing strategies, and tenant turnover. With its central location, below-market rents, and strong value-add potential, 223 N. Breed Street is a compelling multifamily investment opportunity.
Listed by George Morales
·
License #01984555
·
Compass
·
323-578-8423
Listed by Subscriber Non
·
License #13252
·
Compass
Last updated November 07, 2025
·
Source: CRMLS #25580505
Listing Facts
TypeMulti-family
NeighborhoodBoyle Heights
Bedrooms32
Days on Prevu92
Size12,064 sqft
Price per sqft$232
Location
Mortgage Calculator
Listing History
11/08/2025
Price Decreased
$2,795,000
10/27/2025
Status changed to Active
$3,195,000
10/23/2025
Status changed to Removed from Feed
$3,195,000
10/05/2025
Status changed to Active
$3,195,000
10/03/2025
Status changed to Removed from Feed
$3,195,000
09/21/2025
Status changed to Active
$3,195,000
09/20/2025
Status changed to Removed from Feed
$3,195,000
09/18/2025
Status changed to Active
$3,195,000
09/17/2025
Status changed to Removed from Feed
$3,195,000
09/12/2025
Status changed to Active
$3,195,000
09/09/2025
Status changed to Removed from Feed
$3,195,000
09/08/2025
Status changed to Active
$3,195,000
09/06/2025
Status changed to Removed from Feed
$3,195,000
09/05/2025
Status changed to Active
$3,195,000
09/04/2025
Status changed to Removed from Feed
$3,195,000
08/19/2025
Listed by Compass
$3,195,000
Property Details for 223 N Breed Street
Exterior
Construction
Number Of Units Total: 32
Property Attached: Yes
Stories: 2
Stories Total: 2
Year Built: 1927
Common Walls: 1 Common Wall
Measurements
Building Area Total: 12,064
Lot Size Acres: 0.18
Lot Size Area: 8,132
Lot Size Square Feet: 8,132
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 7.14
Gross Income: $347,158.00
Taxes
Parcel Number: 5183003008
Interior
Measurements
Living Area: 12,064
Rooms
Bedrooms Total: 32
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
