
Los Angeles, California 90033
This 4-unit multifamily property represents a High-Potential Investment Opportunity with a List Price of $770,000—positioned well below the $741,181 Fair Market Value by -3%. While the property is in Fair Condition Rating (5/10), it offers immediate cash flow through existing month-to-month tenancies. The Quadruplex configuration, featuring a mix of 1-bedroom and 2-bedroom units, provides a stable income stream in a high-demand location. This asset is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to optimize rental performance in the Boyle Heights market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2111 Bird Street Subject 0 bd · 0 ba · 2,194 sqft · $338 | $769,999* List Price | 0 | 0 | 2,194 | $338 | - |
A 2811 -2813 E Boulder Street Sold 0 bd · 0 ba · 2,272 sqft · $317 · 0.6 mi | $721,000 | 0 | 0 | 2,272 | $317 | 0.6 mi |
B 2500 Ganahl Sold 0 bd · 0 ba · 1,984 sqft · $388 · 0.5 mi | $770,000 | 0 | 0 | 1,984 | $388 | 0.5 mi |
C 419 N Mott Sold 5 bd · 3 ba · 2,122 sqft · $269 · 0.5 mi | $570,000 | 5 | 3 | 2,122 | $269 | 0.5 mi |
D 1945 Sheridan Street Sold 0 bd · 0 ba · 1,566 sqft · $370 · 0.2 mi | $580,000 | 0 | 0 | 1,566 | $370 | 0.2 mi |
E 2482 Pomeroy Ave Sold 4 bd · 1 ba · 1,848 sqft · $354 · 0.5 mi | $655,000 | 4 | 1 | 1,848 | $354 | 0.5 mi |
F 122 N Fickett St Active 0 bd · 0 ba · 2,118 sqft · $342 · 0.5 mi | $725,000 List Price | 0 | 0 | 2,118 | $342 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1958 (>60 years old) with no mention of recent renovations. The property is being sold in 'AS-IS' condition as an investment opportunity, suggesting original systems and interiors that likely require significant rehabilitation to meet modern safety and functional standards.
Situated in the high-demand Boyle Heights neighborhood near Downtown Los Angeles and major freeways, ensuring consistent rental demand and long-term appreciation potential.
The property is fully tenant-occupied on month-to-month leases, providing instant rental income from day one with the flexibility for future management adjustments.
Featuring a mix of three 1-bedroom units and one 2-bedroom unit, this quadruplex offers a diversified income stream and qualifies for attractive residential financing options.
The property is being sold in its present condition, which likely implies deferred maintenance or the need for significant capital expenditures to modernize the 1958 structure.
With existing tenants in a multi-unit Los Angeles property, investors must navigate strict local rent stabilization ordinances and tenant protection laws which may limit immediate rent increases.
Great investment opportunity in the heart of Boyle Heights! This 4-unit multifamily property features three 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit, offering an attractive unit mix with established rental income. Conveniently located near Downtown Los Angeles, Cesar Chavez Avenue, major freeways, public transportation, shopping, dining, and neighborhood amenities. All four units are currently tenant-occupied on a month-to-month basis. Property is being offered in its present AS-IS condition, with existing tenants in place. Competitively priced, this property presents an excellent opportunity for investors seeking an income-producing multifamily property in a centrally located Los Angeles neighborhood. Don't miss this opportunity to add a 4-unit property to your investment portfolio!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,194 | 2,090.331 |
| Lot Size | 6,056 | 5,852.908 |
| Price | $770.0K | $830.9K |
| Price per sq ft | $351 | $394 |
| Built year | 1958 | 1928 |
| HOA | $0 | $0 |
| Days on market | 33 | 87 |
Oct 7, 2026
$769,999
Initial Listing