2553 Verde Street, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Renovated Multi-Unit Residential Income Property is a Prime Investment Opportunity, listed at $929,900—positioned well below the $956,209 Fair Market Value by 2%. This valuation gap offers $26,309 in Instant Equity for the incoming buyer. Featuring a Condition Score of 2, the property boasts modern kitchens, stone countertops, and city skyline views across three move-in ready units. Delivered fully vacant near USC Keck Hospital and Downtown LA, it provides immediate market-rate rental potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a high-demand corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2553 Verde Street Subject | $929,900* List Price | 0 | 0 | 1,624 | $589 | - |
A 2500 E Fairmount Active | $999,900 List Price | 0 | 0 | 1,676 | $597 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1922, the property has undergone an extensive recent renovation within the last 5 years. The interiors feature modern kitchens with white shaker cabinetry, stone countertops, and stainless steel appliances. Bathrooms have been fully updated with contemporary tile work and fixtures, and new laminate flooring and fresh paint are consistent throughout all three units, meeting current quality standards for move-in readiness.
The property is delivered completely vacant, offering a rare and immediate opportunity for owner-users to occupy or for investors to set market-rate rents without the complications of existing tenant relocations.
Situated in Boyle Heights near USC Keck Hospital and Downtown LA, the property is ideally positioned to attract high-quality tenants, including medical professionals and urban commuters.
The diverse configuration of a 3-bedroom, 2-bedroom, and 1-bedroom unit provides excellent flexibility for multi-generational living or a 'house-hacking' investment strategy.
Built in 1922, the property may present long-term maintenance challenges associated with aging plumbing, electrical, and structural systems that are common in vintage Los Angeles builds.
With a total of 1,624 square feet divided among three units, the individual floor plans—particularly the three-bedroom unit—may feel undersized for modern tenant expectations.
Move-in ready 3 units delivered fully vacant, offering an excellent opportunity for both owner-users and investors. The property features a desirable unit mix of a 3-bedroom/2-bath, a 2-bedroom/1-bath, and a 1-bedroom/1-bath unit, providing strong rental potential and flexible living options. Each unit offers charm and character with functional layouts, and the property enjoys beautiful city views and cool breeze. Offered in move-in ready condition, allowing for immediate occupancy or leasing. Conveniently located near the 10 and 710 freeway, dining, shopping, and employment centers. Minutes from USC Keck Hospital, Downtown LA and much more. This one is located in the heart of Los Angeles. Must see this rare, vacant and beautiful home.
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 | 1,624 | 2,156 | 36% |
| Lot Size | 6,222 | 5,849 | 64% |
| Price | $929.9K | $775.0K | 64% |
| Price per sq ft | $573 | $408 | 91% |
| Built year | 1922 | 1924 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 65 | 204 | 18% |
Mar 19, 2026
$929,900
$975,000
-5% Price Drop
Initial Listing
Feb 16, 2026
$975,000
Initial Listing
Dec 2, 2002
$260,000
Public Record
Mar 13, 2002
$129,000
Public Record
Feb 8, 2000
$155,000
Public Record