351 S State, Los Angeles, CA 90033

This property is part of a 3 property portfolio, see MLS#PW26019993, and MLS#PW26019990

351 S State Street is a newly constructed, income-producing multifamily asset located in the heart of Boyle Heights, one of Los Angeles’ most dynamic and rapidly evolving neighborhoods. Completed in 2024 and reaching full occupancy in 2025, the property is currently stabilized and generating approximately $25,000 per month in rental income under a corporate lease structure, offering immediate and reliable cash flow.

The property is ideally suited for corporate housing, workforce housing, or student housing, with flexible exit optionality. A future owner may elect to maintain the existing corporate lease for stable income or take delivery vacant, allowing for repositioning or alternative leasing strategies.

Architecture & Design

The asset features contemporary, ground-up construction with a modern aesthetic throughout. The exterior showcases clean lines, a neutral color palette, and large windows that provide abundant natural light across all residential spaces. Durable materials and low-maintenance finishes were selected to support long-term ownership efficiency.

Interior units, as reflected in the photos, are thoughtfully designed with:

Open and efficient floor plans

Wide-plank flooring throughout living areas

Modern kitchens with flat-panel cabinetry, solid-surface countertops, and full appliance packages

Updated bathrooms with large-format tile surrounds and contemporary fixtures

Recessed lighting and modern hardware

Bright bedrooms with oversized windows and clean finishes

The overall design is functional, modern, and well-suited for furnished or semi-furnished occupancy, further enhancing its appeal for corporate and institutional-style tenants.