2432 Daly Street, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath
2432 Daly Street
Los Angeles, California 90031
Property Price
SUMMARY
Analysis of 2432 Daly Street, Los Angeles, California 90031 is currently available with a list price of $1,998,888. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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
Property is extensive renovation needed.
The property, built in 1929, shows significant age and wear across all visible residential units. The kitchens feature extremely dated wood or painted cabinets, worn laminate or tile countertops, basic stainless steel sinks, and older black appliances. Flooring consists of old linoleum, stained carpet, and basic ceramic tiles. Lighting is minimal with basic flush-mount fixtures and old ceiling fans. Heating is provided by wall-mounted units, and cooling by window AC units, indicating a lack of modern HVAC systems. While the units appear functional and occupied, they are aesthetically and functionally very outdated, requiring substantial rehabilitation and modernization to meet contemporary living standards and tenant expectations. There is no evidence of major renovations in the last 30-50 years, aligning with the 'poor' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Diversified Income Stream
The property is a 12-unit mixed-use building, featuring two street-level commercial storefronts and ten residential units (8 one-bedroom, 2 two-bedroom), providing a stable and diversified income portfolio.
- Strong Investment Metrics
Offers a compelling 6.35% Cap Rate and an attractive $165,700 cost per unit, indicating a solid return on investment and good value for a multi-unit property in Los Angeles.
- Strategic Location & Market Growth
Situated in the vibrant Lincoln Heights neighborhood, near Downtown Los Angeles, benefiting from strong rental demand and increasing property values, promising long-term appreciation.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1929, the property is nearly a century old, which may necessitate significant capital expenditures for deferred maintenance, system upgrades, or modernization to remain competitive.
- Lack of Condition Details
The description does not specify the current condition of the units or any recent renovations, implying potential for an investor to incur substantial costs for necessary upgrades or repairs.
- Parking Omission
There is no mention of dedicated parking facilities for either the commercial or residential units, which can be a significant drawback and challenge in a dense urban area like Los Angeles.
About 2432 Daly Street
Excellent Mixed-Use Investment Opportunity in Lincoln Heights – 2432 Daly St. Los Angeles 90031. Offered at $1,988,888, this well-positioned 12-unit mixed-use property in the vibrant Lincoln Heights neighborhood presents a rare investment opportunity. Featuring a strong 6.35% Cap Rate and $165,700 cost per unit, the property delivers immediate income with significant long-term upside. The unit mix includes:(2) Street-level commercial storefronts,(8) One-bedroom, one-bath residential units and (2) Two-bedroom, one-bath residential units. Spread across 6,619 sq ft of living space on an 8,995 sq ft lot, the property offers a functional layout that simplifies management. All units are individually metered for gas and electricity. Located near Downtown Los Angeles, the Lincoln Heights area continues to benefit from strong rental demand and increasing property values. With an attractive price per unit and clear potential for rent growth and appreciation, this is a compelling addition to any investor's portfolio.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1929
- Lot Size
- 8,995 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Griffin Avenue Elementary School
Grades K-5 • 0.5 mi
Albion Street Elementary School
Grades K-6 • 0.5 mi
Gates Street Elementary School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| 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 | 1929 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Sold
Dec 22, 2004
$798,000
Public Record