2731 Malabar, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$650,000
2731 Malabar, Los Angeles, California 90033
0Bed
0Bath
1,868Sqft
5,803Lot
Year Built
1921
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$348
HOA
-
Days on market
-
Sold On
-
MLS number
PF25265175
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $650.0K(38th), sqft - 1868(44th), beds - undefined(50th), baths - undefined(50th).
NEEDS "TLC" FRONT BUILDING CONSISTS OF TWO UNITS- ONE BEDROOM ONE BATH EACH. BACK UNIT HAS 2 BEDROOMS ONE BATH. BACK UNIT HAS FRONT AND SMALL BACK YARD. LOCATED IN BOYLE HEIGHTS NEAR THE 10 FWY AND DOWNTOWN LOS ANGELES, ART DISTRICT. NEAR THE FAMOUS "EL TEPEYAC" AND GUISADOS RESTAURANTS. GREAT LOCATION!! CLOSE TO THE 10 FYW, USC HOSPITAL. THIS PROPERTY IS IDEAL FOR FAMILIES THAT LIKE TO LIVE CLOSE TO EACH OTHER OR LIVE IN ONE AND RENT THE OTHER TWO UNITS WIN-WIN SITUATION.
Price History
Date
Event
Price
11/22/25
Listing
$650,000
Condition Rating
Poor
Built in 1921, this property explicitly 'NEEDS "TLC"' and requires substantial repairs and rehabilitation. The kitchen features extremely outdated cabinets, countertops, and appliances, while the bathroom shows very old tiles and fixtures, both requiring complete renovation. The exterior exhibits significant wear, including cracked concrete and old fencing. The overall condition suggests major systems (electrical, plumbing, HVAC) are likely original or very old and will require extensive replacement, making it a significant renovation project.
Pros & Cons
Pros
Income-Generating Triplex: Features three separate units (two 1BD/1BA, one 2BD/1BA), offering strong income potential for investors or significant mortgage offset for owner-occupants.
Strategic Urban Location: Highly desirable location in Boyle Heights, providing excellent access to Downtown Los Angeles, the Art District, and major freeways (10 FWY).
Proximity to Key Institutions & Amenities: Close to USC Hospital and renowned local restaurants like 'El Tepeyac' and 'Guisados,' enhancing tenant appeal and lifestyle.
Flexible Living Arrangements: Catters to diverse needs, from multi-generational families seeking proximity to investors looking to maximize rental income.
Generous Lot Size: A 5803 sqft lot offers valuable outdoor space, including private yard access for one unit, a rare find for a multi-unit property in this urban environment.
Cons
Significant Renovation Required: Explicitly stated as needing 'TLC,' indicating the property requires substantial renovation and upgrades, which will entail considerable time and financial investment.
Advanced Age of Structure: Built in 1921, the property is over a century old, suggesting potential for outdated infrastructure, systems, and higher maintenance demands.
As-Is Condition Implication: The 'needs TLC' implies an 'as-is' sale, placing the burden of all necessary repairs and improvements squarely on the buyer, potentially limiting financing options or buyer pool.