2427 Houston, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

2427 Houston, Los Angeles, California 90033 home-pic-0

2427 Houston

Los Angeles, California 90033

ACTIVE
CONDITION: TEAR DOWN
0Beds
0Baths
11,934Sq Ft
7,003Lot Size

Property Price

LIST PRICE$1,150,000

SUMMARY

Analysis of 2427 Houston, Los Angeles, California 90033 is currently available with a list price of $1,150,000. 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

OVERALL CONDITION SCORE

Tear down
TeardownExcellent

Property is land value only, full reconstruction required.

The property is marketed as a development site with Ready-To-Issue (RTI) permits for a 17-unit apartment building. Built in 1905, the existing structure is not described as livable, and the listing's value is derived entirely from the land and the approved plans for redevelopment.

PROSSTRENGTHS & OPPORTUNITIES

  • RTI Ready Status

    The property is a Ready-To-Issue (RTI) opportunity for 17 units, significantly reducing entitlement risk and allowing developers to bypass the lengthy and uncertain Los Angeles permitting process.

  • High-Demand Unit Mix

    The planned 17-unit configuration of one-bedroom, one-bath apartments targets the most resilient and high-demand segment of the Los Angeles rental market, ensuring stable long-term occupancy.

  • Strategic Transit-Oriented Location

    Located in the high-growth Boyle Heights area near major freeways and employment hubs, the property offers excellent tenant appeal and strong potential for future rent growth and appreciation.

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 Requirement

    As a development project, the acquisition price is only the initial investment; the buyer will need substantial additional capital and construction financing to complete the 17-unit build-out.

  • High-Density Site Constraints

    Fitting 17 units onto a 7,003-square-foot lot represents very high density, which may result in limited on-site parking or minimal common area amenities, potentially impacting premium rent potential.

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
-
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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
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Built year1905-
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HOA$0$0
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Pricing History

Listed for Sale

Jan 30, 2026

$1,150,000

Initial Listing

Sold

Oct 20, 2021

$825,000

Public Record

Sold

May 24, 2002

$133,000

Public Record

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