2415 Boulder Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
2415 Boulder Street
Los Angeles, California 90033
Property Price
SUMMARY
Analysis of 2415 Boulder Street, Los Angeles, California 90033 is currently available with a list price of $924,999. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1922, this multifamily property shows its age. The kitchens feature very dated wooden cabinets, basic tiled flooring, and a mix of older and slightly newer but still basic appliances. While functional, the overall aesthetic is significantly outdated, and the property description itself notes 'value-add potential,' indicating a need for substantial cosmetic and system updates. The property appears maintained but has not undergone a major renovation in many years, aligning with the 'fair' condition criteria of being aged but maintained, with major components functional but outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
As a 4-unit multifamily property, it offers immediate and diversified rental income streams, making it an attractive investment for cash flow.
- Strategic Los Angeles Location
Situated in a prime Los Angeles area, its proximity to DTLA, schools, shopping, dining, freeways, and transit ensures strong rental demand and potential for long-term appreciation.
- Value-Add Opportunity
The property explicitly offers 'value-add potential,' indicating opportunities for investors to increase property value and rental income through strategic renovations or operational improvements.
CONSRISKS & DEFICIENCIES
- Advanced Age of Property
Built in 1922, the property is over a century old, which likely entails higher ongoing maintenance costs and potential for significant capital expenditures for system upgrades (plumbing, electrical, roof) and structural repairs.
- Potential for Extensive Renovation Costs
While offering 'value-add potential,' this often implies that extensive renovations are needed to modernize units and maximize rental income, which could require substantial upfront investment.
- Recent Price Reduction
The recent price drop from $949,000 to $924,999 could suggest a lack of initial buyer interest or an overestimation of value, potentially signaling challenges in the current market or underlying property issues.
About 2415 Boulder Street
Exceptional opportunity to own a 4-unit multifamily in prime Los Angeles! Property features 2 spacious 2BR/1BA units and 2 comfortable 1BR/1BA units—ideal for investors or owner-occupants. Each unit offers functional layouts and natural light, plus on-site parking and a shared outdoor space. Conveniently located near DTLA, schools, shopping, dining, freeways, and transit. Strong rental demand with value-add potential makes this a rare income-producing property in a highly desirable neighborhood.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1922
- Lot Size
- 6,997 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,376 | 2,286 | 57% |
| Lot Size | 6,997 | 5,997.5 | 71% |
| Price | $925.0K | $847.5K | 64% |
| Price per sq ft | $389 | $379 | 57% |
| Built year | 1922 | 1925 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 177 | 212 | 21% |
Pricing History
Listed for Sale
Sep 22, 2025
$924,999
$949,000
-3% Price Drop
Initial Listing
Price Change
Sep 10, 2025
$949,000
Initial Listing