2204 W Slauson, Los Angeles, California 90043, Los Angeles, 90043 - 0 bed, 0 bath
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Los Angeles, California 90043
Analysis of 2204 W Slauson, Los Angeles, California 90043 is currently available with a list price of $3,650,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1981, this 16-unit multifamily property is over 40 years old and is described as a 'value-add opportunity,' indicating that the interiors likely require modernization. While the exterior and roof appear maintained in aerial shots, the lack of interior photos and the focus on 'rental optimization' suggest that kitchens, bathrooms, and fixtures are dated and have not undergone a full recent renovation.
High School: Middle College High School (9/10).
The property delivers a robust 6.90% in-place CAP rate and an attractive cost basis of approximately $228,125 per unit, offering investors immediate high-yield returns compared to typical Los Angeles averages.
There is a clear path to rental optimization with a projected market CAP rate of 7.63%, allowing for substantial equity growth and increased yield through strategic management.
The property has been active for 97 days and has undergone two significant price reductions from its original $4.25M ask, which may indicate initial overpricing or buyer hesitation in the current interest rate environment.
The surrounding public schools are predominantly low-rated, with many scoring 1 or 2 out of 10, which can limit the long-term appeal for family-oriented tenants and impact neighborhood appreciation rates.
Offered at an attractive basis of approximately $228,125 per unit, 2204 Slauson Avenue presents a compelling 16-unit multifamily investment opportunity in South Los Angeles. The property features a well-balanced unit mix of (6) Studio units and (10) One-Bedroom/One-Bathroom units, providing broad tenant appeal and consistent demand. Current in-place income delivers a strong 6.90% CAP rate and 9.65 GRM, offering immediate cash flow with room for future growth. The asset also presents meaningful upside potential, with projected market performance reaching a 7.63% CAP rate and 8.82 market GRM through rental optimization. This combination of stable existing income and value-add opportunity positions the property well for both long-term hold and yield-focused investors. Located in the Van Ness neighborhood of South Los Angeles, west of South Central and northeast of Inglewood, the property benefits from a central infill location with proximity to major employment centers, transportation corridors, and continued investment activity throughout the surrounding submarkets. 2204 Slauson Avenue offers investors a rare opportunity to acquire scale, cash flow, and upside at a compelling cost basis in a supply-constrained rental market.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 6,050 | 5,280 | 50% |
| Lot Size | 11,206 | 9,710 | 50% |
| Price | $3.65M | $2.51M | 50% |
| Price per sq ft | $603 | $454 | 50% |
| Built year | 1981 | 1961 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 104 | 276 | 50% |
Apr 15, 2026
$3,650,000
$3,999,000
-9% Price Drop
Initial Listing
Mar 5, 2026
$3,999,000
$4,250,000
-6% Price Drop
Initial Listing
Jan 8, 2026
$4,250,000
Initial Listing
Apr 16, 2021
$2,170,000
Public Record
Sep 11, 2019
$1,600,000
Public Record