2503 Cincinnati, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
Following a price reduction, this Mixed-Use Value-Add Asset is listed at $1,299,000, aligning with its $1,299,000 Fair Market Value and providing $0 in Instant Equity. While currently holding a Poor Condition Rating, the property offers immense upside through the renovation of four 3-bedroom units and a commercial storefront. Market data for Boyle Heights confirms this pricing is consistent with similar century-old mixed-use assets. Featuring separate utility meters, private backyards, and a distant city skyline view, the asset is primed for forced appreciation. This is a strategic acquisition for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2503 Cincinnati Subject | $1,299,000* List Price | 0 | 0 | 6,548 | $198 | - |
A 701 N Fickett Active | $1,288,000 List Price | 0 | 0 | 5,930 | $217 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1911, making it over a century old. While the description states one residential unit is 'recently renovated,' the images of this unit reveal a basic cosmetic refresh rather than a comprehensive renovation. The kitchen features basic white cabinets and a mixed backsplash (partially new subway tile, partially older square tile), with no visible appliances. The bathrooms in the renovated unit still have very dated tile work. Given that only one of five units is described as renovated, and the quality of that renovation is modest, it's highly probable that the other four residential units and the commercial space are in significantly older, unrenovated condition. The property's age and the explicit mention of 'great potential for developers' strongly suggest that substantial repairs, rehabilitation, and system upgrades are required for the majority of the property, aligning with a 'poor' condition score.
The property features five separate units, including four 3-bedroom, 2-bath residential units and one commercial space, providing diversified rental income and mitigating vacancy risk.
One residential unit is vacant and recently renovated, offering an immediate opportunity to secure a high-paying tenant and demonstrate rental income potential.
The description explicitly highlights 'great potential for developers,' suggesting opportunities for redevelopment, expansion, or significant value-add projects.
Built in 1911, the property is over a century old, which may necessitate significant capital expenditures for ongoing maintenance, system upgrades, or compliance with modern building standards.
The property has undergone a recent price reduction from $1.349M to $1.299M, which could indicate initial overpricing or challenges in attracting buyer interest at the previous price point.
While offering 'tons of potential,' this often implies a need for substantial renovation, active management, or development work beyond the already renovated unit, which may not appeal to all investors seeking a fully passive asset.
Great property, 5 separate units with tons of potential! 4 units are residential units- all 3 bedrooms, 2 bath units. The 5th unit is a commercial space, currently being used as a Zumba and smoothie shop. One residential unit is vacant and recently renovated, perfect opportunity to get a high paying tenant in. All units have a backyard space, parking space, laundry and their own utility meters. This property has great potential for developers, easy access to freeways, close to downtown. Check it out today!
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% |
Nov 25, 2025
$1,299,000
$1,349,000
-4% Price Drop
Initial Listing
Oct 20, 2025
$1,349,000
Initial Listing