2427 Houston, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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2427 Houston
Los Angeles, California 90033
ACTIVE
CONDITION: TEAR DOWN
0Beds
0Baths
11,934Sq Ft
7,003Lot Size
Property Price
LIST PRICE$1,049,000
SUMMARY
Analysis of 2427 Houston, Los Angeles, California 90033 is currently available with a list price of $1,049,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1905 with no evidence of renovation. The listing is marketed as an RTI (Ready-To-Issue) development opportunity for a 17-unit apartment building, indicating the current structure is being sold for land value and intended for demolition.
PROSSTRENGTHS & OPPORTUNITIES
- RTI Approval Status
The property is sold with Ready-To-Issue (RTI) permits for 17 units, allowing developers to bypass the lengthy and uncertain entitlement process and begin construction immediately.
- High-Density Unit Mix
The planned 17-unit configuration of one-bedroom apartments is perfectly aligned with Los Angeles' high rental demand, offering a streamlined path to maximizing density and cash flow.
- Strategic Central Location
Located in the growing Boyle Heights area near major freeways and transit, the site offers panoramic city views and excellent accessibility to downtown employment hubs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 11934, other record living area = 876.
- Significant Capital Expenditure
As a development opportunity, the acquisition requires substantial additional investment beyond the purchase price to cover the costs of ground-up construction.
- Limited Lot Footprint
Developing 17 units on a 7,003-square-foot lot creates a high-density environment that may result in limited on-site parking or restricted common area amenities.
About 2427 Houston
RTI Opportunity – 17-Unit Apartment Building in Los Angeles Rare RTI (Ready-To-Issue) 17-unit multifamily opportunity located at 2427 E. Houston Ave., Los Angeles, CA. This well-positioned investment property features 17 one-bedroom / one-bath units, offering a highly desirable and rentable unit mix ideal for long-term cash flow. With RTI approvals in place, this asset presents a streamlined path to development, allowing investors to move forward with confidence and minimize entitlement risk. One-bedroom units continue to show strong rental demand in the Los Angeles market, supporting stable occupancy and future rent growth. Centrally located near major freeways, employment hubs, shopping, and public transportation, the property benefits from excellent tenant appeal and accessibility. This is an ideal opportunity for investors seeking to add units, increase density, and maximize returns in a high-demand rental market. Perfect for developers or investors looking to capitalize on Los Angeles multifamily growth, value-add potential, and long-term appreciation
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1905
- Lot Size
- 7,003 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 1.3 |
| Square foot | 11,934 | 4,065.4 |
| Lot Size | 7,003 | 6,744.9 |
| Price | $1.05M | $1.13M |
| Price per sq ft | $88 | $262 |
| Built year | 1905 | 1939 |
| HOA | $0 | $907 |
| Days on market | 36 | 110 |
Pricing History
Listed for Sale
Aug 4, 2026
$1,049,000
Initial Listing
Sold
Oct 20, 2021
$825,000
Public Record
Sold
May 24, 2002
$133,000
Public Record