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2437 Malabar Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

2437 Malabar Street, Los Angeles, California 90033 home-pic-0
ACTIVE$2,500,000
2437 Malabar Street, Los Angeles, California 90033
0Bed
0Bath
6,000Sqft
7,002Lot
Year Built
2019
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$417
HOA
-
Days on market
-
Sold On
-
MLS number
DW25139010
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.50M(88th), sqft - 6000(88th), beds - undefined(50th), baths - undefined(50th).

Incredible investment opportunity to own a 4-Unit Income Property in the heart of Boyle Heights. Close to Downtown LA and just a few blocks from USC Medical Campus. Built in 2020, each unit has 4 bedrooms and 3 bathrooms, combines contemporary design, and impressive rental potential—perfectly situated in one of LA’s most rapidly growing neighborhoods. Each of the four spacious units is thoughtfully designed with open floor plans, abundant natural light, and modern finishes. Residents enjoy stainless steel appliances, in-unit laundry, and energy-efficient systems. All units are separately metered for gas, electricity, and water, significantly reducing owner expenses. Every unit also includes two dedicated on-site parking spaces—a rare and valuable perk in the city. Set on a well-maintained and secure lot, the property features gated entry, low-maintenance landscaping, and great curb appeal. Its strategic location offers quick access to major freeways, public transportation, USC, the Arts District, and Downtown LA’s business and entertainment hubs—ensuring strong tenant demand and long-term appreciation potential. Don’t miss this turnkey, low-maintenance investment in a high-growth area of Los Angeles!

Price History

Date
Event
Price
07/01/20
Sold
$1,900,000
09/19/18
Sold
$560,000
Condition Rating
Excellent
This property was built in 2019/2020, making it virtually new construction. The images confirm a contemporary design with modern finishes throughout, including new blue-grey shaker cabinets, light quartz countertops, and stainless steel appliances (gas range, microwave, dishwasher) in the kitchen. Bathrooms feature matching modern vanities, subway tile surrounds, and updated fixtures. Flooring is consistent light-colored luxury vinyl plank/laminate, and lighting is recessed, all indicative of a recently built property meeting current quality standards with no visible deferred maintenance or physical depreciation.
Pros & Cons

Pros

New Construction & Modern Amenities: Built in 2020, the property features contemporary design, modern finishes, stainless steel appliances, in-unit laundry, and energy-efficient systems, appealing to modern tenants and reducing immediate maintenance for the owner.
High-Yield Unit Configuration: Each of the four units boasts a spacious 4-bedroom, 3-bathroom layout, maximizing rental income potential, particularly suitable for student housing (USC nearby) or shared living arrangements.
Prime Urban Location: Strategically situated in the heart of Boyle Heights, the property offers excellent proximity to Downtown LA, USC Medical Campus, major freeways, and public transportation, ensuring strong tenant demand and long-term appreciation.
Minimized Owner Expenses: All units are separately metered for gas, electricity, and water, significantly reducing the owner's operational costs and contributing to higher net rental income.
Valuable On-Site Parking: Each unit includes two dedicated on-site parking spaces, a rare and highly sought-after amenity in a dense urban environment like Los Angeles, adding significant value for tenants.

Cons

Limited Private Outdoor Space: While common areas are low-maintenance, the description does not specify private patios or balconies for individual units, which could be a desired amenity for tenants in a 4-bedroom unit.
Potential for Higher Tenant Turnover: The 4-bedroom, 3-bathroom configuration often attracts student or roommate-based tenancy, which can lead to more frequent tenant turnover compared to properties catering to long-term families.
High Building-to-Land Ratio: With a 6000 sqft building on a 7002 sqft lot, the property has a high building footprint relative to its land size, suggesting minimal additional usable outdoor space beyond common areas and parking.

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