2503 Cincinnati Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$1,399,000
2503 Cincinnati Street, Los Angeles, California 90033
0Bed
0Bath
3,626Sqft
7,004Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential & Diversified Units: This 5-unit property includes a duplex (with a commercial unit and an SFR), three additional 3-bedroom units, and a rented storage unit, offering multiple income streams and strong cash flow potential.
Top Cons:
Advanced Age of Property: Built in 1911, the property is over a century old, which may lead to higher maintenance costs, potential for outdated infrastructure (plumbing, electrical), and the need for significant capital improvements in the future.
Compared to the nearby listings
Price:$1.40M vs avg $964.5K (+$434,500)50%
Size:3,626 sqft vs avg 2,580.5 sqft50%
Price/sqft:$386 vs avg $36650%
More Insights
Built in 1911 (114 years old).
Condition: This property was built in 1911, making it over 100 years old. While the listing states units are in 'good condition' and rented, the exterior images show aged roofs and general wear, indicating significant deferred maintenance. Crucially, there are no interior photos provided, which is a major red flag for a property of this age. Without visual evidence of updated kitchens, bathrooms, flooring, or major systems (electrical, plumbing, HVAC), it's highly probable that these areas are severely outdated and require substantial repairs and rehabilitation to meet modern standards and comfort. The absence of interior photos strongly suggests these key areas are not a selling point and likely need significant investment.
Year Built
1911
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$386
HOA
-
Days on market
-
Sold On
-
MLS number
MB25141073
Home ConditionPoor
Features
View-
About this home
This 5-unit property consists of four structures: a duplex at the corner of Cincinnati St and Fickett, and three separate units in the same lot. All three units are 3 bedrooms. The duplex has a commercial unit and an SFR attached to it. There are three parking spaces available. All units are in good condition, and four are currently rented out by good tenants. There is an additional storage unit being rented out for additional income behind the middle unit. PROPERTY is zoned as C1, and it is considered Mixed Use Residential-Commercial. Great investment property close to transportation, shopping, schools, and entertainment.
Condition Rating
Poor
This property was built in 1911, making it over 100 years old. While the listing states units are in 'good condition' and rented, the exterior images show aged roofs and general wear, indicating significant deferred maintenance. Crucially, there are no interior photos provided, which is a major red flag for a property of this age. Without visual evidence of updated kitchens, bathrooms, flooring, or major systems (electrical, plumbing, HVAC), it's highly probable that these areas are severely outdated and require substantial repairs and rehabilitation to meet modern standards and comfort. The absence of interior photos strongly suggests these key areas are not a selling point and likely need significant investment.
Pros & Cons
Pros
High Income Potential & Diversified Units: This 5-unit property includes a duplex (with a commercial unit and an SFR), three additional 3-bedroom units, and a rented storage unit, offering multiple income streams and strong cash flow potential.
Strong Occupancy & Tenant Quality: Four out of five units are currently rented by 'good tenants,' indicating stable income, high occupancy, and reduced vacancy risk for an investor.
Flexible Mixed-Use Zoning (C1): Zoned as C1 and designated Mixed Use Residential-Commercial, this property offers significant flexibility for current and future use, potentially enhancing its long-term value and development options.
Desirable Location: The property boasts a prime location close to transportation, shopping, schools, and entertainment, making it highly attractive to tenants and supporting consistent demand.
Good Unit Condition: All units are reported to be in 'good condition,' which minimizes immediate capital expenditures for a new owner and ensures tenant satisfaction.
Cons
Advanced Age of Property: Built in 1911, the property is over a century old, which may lead to higher maintenance costs, potential for outdated infrastructure (plumbing, electrical), and the need for significant capital improvements in the future.
Limited Parking Availability: With only three parking spaces available for five residential units plus a commercial unit, parking is severely limited, which could be a significant drawback for tenants and commercial occupants in Los Angeles.
Potential for System Upgrades: While units are in 'good condition,' the description does not specify recent major system upgrades (e.g., HVAC, electrical, plumbing), which may be necessary for a property of this age to meet modern standards and avoid future costly repairs.