2333 Eastlake Avenue, Los Angeles, California 90031, Los Angeles, 90031 - 0 bed, 0 bath
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Los Angeles, California 90031
Analysis of 2333 Eastlake Avenue, Los Angeles, California 90031 is currently available with a list price of $1,090,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property consists of a 1902 front building and a 1950s rear dwelling, both showing significant signs of age and deferred maintenance. Exterior images reveal heavily cracked and uneven concrete, outdated window awnings, and weathered facades. Given the property's age and the lack of interior photos or mention of recent upgrades, it is highly likely that major systems—including electrical, plumbing, and structural components—require substantial rehabilitation to meet modern safety and quality standards.
With six units spread across two separate dwellings, this property offers a rare multi-unit configuration that provides a diversified and robust rental income stream for investors.
The property is ideally located near major employment hubs including LAC+USC Medical Center and Downtown Los Angeles, ensuring a consistent pool of potential tenants and high rental demand.
The presence of long-term, stable tenants offers immediate financial security and consistent occupancy, making it an attractive 'turn-key' opportunity for strategic management.
The original structure dates back to 1902, which likely necessitates ongoing maintenance and potential costly upgrades to aging electrical, plumbing, and structural systems.
With only seven bedrooms across six units, the majority of the dwellings are likely small studios or one-bedrooms, which may restrict the tenant demographic and limit per-unit rental ceilings.
Discover an investment opportunity in the desirable Lincoln Heights neighborhood of Los Angeles? This huge lot property has been home to long-term, stable tenants, offering consistent occupancy and income. This multi-unit property features a total of 6 units across two separate dwellings with total of 7 bedrooms and 6 bathrooms, offering flexibility and long-term potential upside for savvy investors. With strategic management and thoughtful improvements over time, investors can capitalize overall property value. The property’s setup and location, also make it especially attractive for those looking to implement a long-term investment strategy. The front building is the original which has 3 units, the rear two levels building which was added in the 1950s has 3 units as well. Ideally located near major landmarks and employment hubs, the property is just minutes from LAC+USC Medical Center, Chinatown, and Dodger Stadium, with Downtown Los Angeles nearby. Tenants benefit from convenient access to major freeways, public transportation, dining, shopping, and entertainment.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.4 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1902 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 2, 2026
$1,090,000
Initial Listing