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2431 E 4th, Los Angeles, California 90033, Los Angeles, 90033 - 5 bed, 3 bath

2431 E 4th, Los Angeles, California 90033 home-pic-0
ACTIVE UNDER CONTRACT$850,000
2431 E 4th, Los Angeles, California 90033
5Beds
3Baths
2,479Sqft
6,743Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime East LA Location: Situated in the highly sought-after 90033 ZIP code, minutes from Downtown LA, offering excellent access and capitalizing on the growth of East LA.
Top Cons:
Extensive Renovation Required: The property demands a 'full interior and exterior rebuild' and is an 'intensive rehab project,' necessitating substantial capital and time investment.

Compared to the nearby listings

Price:$850.0K vs avg $740.0K (+$110,000)63%
Size:2,479 sqft vs avg 2,178.5 sqft63%
Price/sqft:$343 vs avg $36050%

More Insights

Built in 1895 (130 years old).
Condition: The property, built in 1895, is explicitly marketed as an 'intensive rehab project' requiring a 'full interior and exterior rebuild' due to 'structural conditions.' It is sold 'strictly AS-IS' and requires an 'All-Cash Offer,' indicating significant underlying issues. These factors, combined with its age and the lack of any recent major renovations, suggest the structure is beyond practical repair for habitation, and its value is primarily in the land for redevelopment.
Year Built
1895
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$343
HOA
-
Days on market
-
Sold On
-
MLS number
PW25261814
Home ConditionTear down
Features
Good View: City Lights
ViewCity Lights

About this home

Prime East Los Angeles Opportunity: Calling All Visionary Cash Investors! Exceptional opportunity to acquire a single-family residence with significant upside potential in the highly sought-after ZIP code 90033. Located near Boyle Heights and just minutes from Downtown LA, this property offers incredible square footage and structural bones for a complete transformation. This is a rare chance for experienced developers and investors ready to tackle an intensive rehab project. The property needs a full interior and exterior rebuild, presenting a clean slate to maximize future value. Focus your vision on maximizing the footprint and capitalizing on the growth of East LA. This property requires an All-Cash Offer due to the scope of work and structural conditions. Sold strictly AS-IS. This is not a standard sale; bring your architect and your general contractor!

Price History

Date
Event
Price
06/09/23
Sold
$710,000
01/04/06
Sold
$480,000
Condition Rating
Tear down
The property, built in 1895, is explicitly marketed as an 'intensive rehab project' requiring a 'full interior and exterior rebuild' due to 'structural conditions.' It is sold 'strictly AS-IS' and requires an 'All-Cash Offer,' indicating significant underlying issues. These factors, combined with its age and the lack of any recent major renovations, suggest the structure is beyond practical repair for habitation, and its value is primarily in the land for redevelopment.
Pros & Cons

Pros

Prime East LA Location: Situated in the highly sought-after 90033 ZIP code, minutes from Downtown LA, offering excellent access and capitalizing on the growth of East LA.
Significant Investment Upside: Positioned as a 'Prime Opportunity' with 'significant upside potential' for visionary cash investors and developers, allowing for maximization of future value.
Multi-Unit Income Property: Classified as a 'Triplex' and 'Residential Income,' providing the potential for multiple rental streams and higher overall property value.
Substantial Footprint & Lot Size: Features a generous 2479 sqft of living space on a large 6743 sqft lot, offering ample room for expansion or redevelopment.
Desirable City Lights View: The property boasts a 'City Lights' view, enhancing its appeal and potential market value after renovation.

Cons

Extensive Renovation Required: The property demands a 'full interior and exterior rebuild' and is an 'intensive rehab project,' necessitating substantial capital and time investment.
All-Cash Offer & As-Is Condition: Requires an 'All-Cash Offer' due to structural conditions and is 'Sold strictly AS-IS,' significantly narrowing the buyer pool and placing all renovation risks on the purchaser.
Non-Standard Sale & Structural Concerns: Explicitly noted as 'not a standard sale' with underlying 'structural conditions,' suggesting potential complexities and unforeseen challenges during the rehabilitation process.

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