2447 Malabar Street, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Triplex Income Property is a Strong Value Opportunity listed at $1,100,000, aligning perfectly with its $1,100,000 Fair Market Value. Boasting a Condition Rating of 3, the estate features two separate buildings on a generous 7,000 sqft Lot with a Contemporary Kitchen, private Patio, and Upgraded Systems including new roofs, plumbing, and electrical. Located in high-demand Boyle Heights, the property offers significant rental upside and ample gated parking. This versatile asset is ideal for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors targeting stable Los Angeles returns.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2447 Malabar Street Subject | $1,100,000* List Price | 0 | 0 | 2,810 | $391 | - |
A 2740 Fairmount Active | $1,299,000 List Price | 0 | 0 | 2,800 | $464 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property, built in 1965, benefits from significant recent upgrades including plumbing, electrical, dual-pane windows, and new roofs for both buildings. The main unit features a contemporary open kitchen with modern white shaker cabinets, dark countertops, and a stylish backsplash, along with recessed lighting. The lower unit of the second building was also renovated three years ago, showcasing updated kitchens and bathrooms with modern finishes and new flooring. While the main bathroom's shower tiles appear somewhat dated and the main unit relies on wall heaters and window AC units rather than central HVAC, the overall condition is move-in ready with minimal wear and tear, reflecting substantial recent investment in key areas.
Offers three units across two separate buildings on a 7000 sqft lot, providing significant rental income potential for investors or owner-occupants.
Key systems such as plumbing, electrical, dual-pane windows, and roofs for both buildings have been upgraded, minimizing immediate capital expenditures for a new owner.
Situated in an 'extremely highly desirable area' of Boyle Heights, offering central access to schools, regional parks, and major freeways, enhancing tenant appeal and property value.
Built in 1965, the property's age, despite recent upgrades, suggests that other components or systems may require future attention or modernization.
The first building 'still preserves its traditional Japanese design.' While unique, this specific aesthetic might not appeal to all potential tenants or buyers, potentially limiting market reach or requiring further customization.
The description does not mention the presence of air conditioning or central heating, which could be a significant comfort and marketability concern for tenants and future buyers in Los Angeles.
A rare opportunity to own two separate Building with 3 units in a 7000sqft lot. Extremely highly desirable area of Boyle heights. The First Building offers three bedrooms, a bathroom, and a basement that can serve as additional living space or storage. The unit features a contemporary open kitchen and still preserves its traditional Japanese design. Few upgrades are plumbing, electrical, dual pane windows and ROOF for both buildings. This home is ideal to live in and rent the other two units. Second Building has (2) units that are 2bedroom and 1 bathroom each. The lower unit underwent renovations three years ago and has occupied by the same tenants ever since. Newer Fence throughout and long driveway that can park multiple cars with an auto driveway gate. Centrally located near Schools, Regional Parks, easy access to any major freeways. This property offers strong potential for investors and homeowners alike.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,810 | 2,269 | 73% |
| Lot Size | 7,000 | 5,849 | 82% |
| Price | $1.10M | $775.0K | 73% |
| Price per sq ft | $391 | $391 | 50% |
| Built year | 1965 | 1925 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 89 | 204 | 27% |
Jan 23, 2026
$1,100,000
Initial Listing
Jun 30, 2015
$385,000
Public Record