2718 Malabar, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This 1924 quadruplex represents a High-Potential Investment Opportunity, listed at a List Price of $1,098,888—positioned well above the $921,999 Fair Market Value by -19%. While the property requires significant capital expenditure due to its Fair Condition Rating, the asset offers substantial value-add potential through unit renovations. Located in a high-demand rental market with proximity to Downtown Los Angeles, this property is a strategic acquisition for Buy-and-Hold Investors or experienced developers seeking to maximize long-term rental income and appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2718 Malabar Subject | $1,098,888* List Price | 0 | 0 | 3,100 | $297 | - |
A 529 S Breed Street Sold | $790,000 | 0 | 0 | 2,974 | $266 | 1.0 mi |
B 2814 Wabash Avenue Active | $950,000 List Price | 0 | 0 | 2,184 | $435 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1924, this 100-year-old fourplex is explicitly marketed as an 'opportunity to renovate' with 'upside potential,' indicating that the kitchens, bathrooms, and major systems are likely original or significantly outdated (>30 years) and require a full rehab to meet modern standards.
Situated in the high-demand Boyle Heights neighborhood, the property offers excellent proximity to Downtown Los Angeles, major freeways, and public transportation, ensuring low vacancy rates.
The property presents a clear opportunity for investors to renovate units and increase rental income to market rates, maximizing long-term appreciation and ROI.
As a residential income property with four units, it qualifies for favorable residential financing while providing diversified cash flow across multiple tenants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3100, other record living area = 2600.
Built in 1924, the property likely requires substantial capital expenditure for updates to major systems, such as plumbing, electrical, and structural components, to meet modern standards.
The requirement for buyers to verify all zoning, permits, and development potential suggests possible historical compliance issues or unpermitted work that could complicate the acquisition process.
Exceptional fourplex in the heart of Boyle Heights. This income-producing property offers investors the opportunity to renovate, increase rental income, and maximize long-term appreciation. Conveniently located near Downtown Los Angeles, major freeways, public transportation, schools, shopping, and dining. Ideal for investors seeking a property with strong upside potential in a high-demand rental market. Buyers to verify all property information, zoning, permits, and development potential to their own satisfaction.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,100 | 2,250 |
| Lot Size | 5,849 | 5,864 |
| Price | $1.10M | $826.7K |
| Price per sq ft | $354 | $395 |
| Built year | 1924 | 1925 |
| HOA | $0 | $0 |
| Days on market | 28 | 83 |
Jun 24, 2026
$1,098,888
Initial Listing
Oct 16, 2024
$650,000
Public Record