131 S Boyle Ave, Los Angeles, CA 90033

Mariachi Plaza Apartments is a 15-unit apartment community constructed in 1887. Situated on a 10,167 square feet lot, the property consists of (3) Studio/One-Bathroom units, (2) One-Bedroom/Shared-Bathroom units, and (10) Studio/Shared-Bathroom units, totaling an average of 219 square feet per unit. Each unit on the property features its own cooktop, providing added convenience for residents. For units with shared bathroom access, the first floor is equipped with a shower room, two toilet stalls, and one full bathroom, while the second floor offers an additional full bathroom. The property includes 13 on-site parking spaces, three of which are currently unleased, presenting potential income opportunities for new ownership. Six spaces—three in tandem—are leased to the adjacent housing operator, who maintains cleanliness by providing daily hall and shared bathroom cleaning services. Additionally, the property is master metered for both gas and electricity, streamlining utility management. There have been significant capital expenditures over the last five years including: re-piped plumbing, HVAC upgrades, and electrical system upgrades. CONTACT BROKER FOR ADDITIONAL INFORMATION!