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.
For sale
$3,195,000
223 N Breed St, Los Angeles, CA 90033
32beds
0baths
12,064sqft
Est.:
Multi Family
Built in 1927
-- sqft lot
$-- Zestimate®
$265/sqft
$-- HOA
What's special
Private bathrooms
- 3 days
- on Zillow |
- 17 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: August 22, 2025 at 08:51am
Listed by:
George Morales DRE # 01984555 323-578-8423,
Compass 310-230-5478,
Subscriber Non DRE # 13252 111-111-1111,
Non-Participant Office
Source: CLAW,MLS#: 25580505

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 32
- Bathrooms: 0
Heating
- Wall Gas
Cooling
- None
Interior area
- Total structure area: 12,064
- Total interior livable area: 12,064 sqft
Property
Parking
- Parking features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,132.65 Square Feet
Details
- Additional structures: None
- Zoning: LAR4
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1927
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $265/sqft
- Tax assessed value: $528,742
- Date on market: 8/19/2025
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