2427 Houston, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
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.
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.
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.
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.
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.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 11934, other record living area = 876.
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.
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.
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.
No exterior & parking available.
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 | 1905 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Jan 30, 2026
$1,150,000
Initial Listing
Oct 20, 2021
$825,000
Public Record
May 24, 2002
$133,000
Public Record