2503 Cincinnati, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Mixed-Use Income Property is a Strong Value Opportunity, listed at $1,199,000—positioned well below the $1,335,273 Fair Market Value by 10%. This valuation gap offers $136,273 in Instant Equity for incoming buyers. The asset features four renovated 3-bedroom residential units and a high-visibility commercial space, maintaining a Condition Rating of 3 and offering a panoramic skyline view of downtown Los Angeles. With separate utility meters and private laundry, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield, transit-oriented asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2503 Cincinnati Subject | $1,199,000* List Price | 0 | 0 | 6,548 | $204 | - |
A 727 Cornwell Active | $925,000 List Price | 0 | 0 | 4,684 | $197 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1911, the interior photos reveal a recent budget-friendly renovation (likely within the last 5-10 years) featuring modern shaker-style kitchen cabinets, subway tile backsplashes, and updated laminate flooring. The property is functional, move-in ready, and features separate utility meters, though some areas like the bathrooms and bedrooms retain older, dated tile work.
The property features four large 3-bedroom, 2-bathroom residential units plus a commercial space, offering a rare and versatile income-generating configuration for investors.
Each unit is equipped with separate utility meters, private laundry, and dedicated parking, significantly reducing landlord expenses and simplifying property management.
Situated in the appreciating Boyle Heights area near Downtown Los Angeles and public transportation, the property boasts high visibility and excellent accessibility for both residents and businesses.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6548, other record living area = 3626.
Built in 1911, the structure may require substantial ongoing maintenance or costly upgrades to aging systems and seismic retrofitting to meet modern building codes.
Operating a mixed-use property with five distinct units involves more intensive management and specialized insurance requirements compared to standard residential assets.
Discover the perfect blend of residential and commercial potential with this versatile mixed-use property! Offering a total of 5 units, 4 are spacious residential units, each boasting three bedrooms and two bathrooms. Every unit provides a private yard/patio, laundry, parking, and separate utility meters, ensuring convenience and privacy. The ground-level commercial space, invites entrepreneurial possibilities with its street visibility. This property offers a rare opportunity to live, rent, and invest all in one! Also a good opportunity for developers. Located near downtown and public transportation.
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 | 1911 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 5, 2026
$1,199,000
Initial Listing