2743 Boulder Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$999,888
2743 Boulder Street, Los Angeles, California 90033
0Bed
0Bath
3,480Sqft
5,850Lot
Year Built
2024
Close
-
List price
$1,000K
Original List price
$1.2M
Price/Sqft
$287
HOA
-
Days on market
-
Sold On
-
MLS number
DW25039711
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $999.9K(69th), sqft - 3480(88th), beds - undefined(50th), baths - undefined(50th).
4 Units total. 2 Units are 2 Bed 1 Bath and 2 Units are Studios that were built in 2024
Price History
Date
Event
Price
01/27/22
Sold
$670,000
Condition Rating
Excellent
This property was built in 2024, making it brand new construction. The description explicitly states it was 'built in 2024,' and the property analysis highlights 'Brand New Construction.' While interior images are not provided, a property built in 2024 is expected to feature all new components, including kitchens, bathrooms, appliances, flooring, and systems, meeting current quality standards with no deferred maintenance. The exterior images show a fresh, well-maintained appearance consistent with a new build.
Pros & Cons
Pros
Brand New Construction: Built in 2024, this property offers modern construction, minimizing immediate maintenance costs and appealing to tenants seeking contemporary living spaces.
Income-Generating Quadruplex: As a four-unit residential income property, it provides diversified rental income streams, making it an attractive asset for investors.
Strategic Unit Mix: The property features a balanced mix of two 2-bedroom/1-bathroom units and two studio units, catering to a broader range of tenant demographics and rental budgets.
Significant Price Reduction: The current list price of $999,888 is a substantial reduction from the original list price of $1,195,000, indicating potential value and seller motivation.
Los Angeles Location: Located in Los Angeles (Boyle Heights), the property benefits from a high-demand rental market with ongoing revitalization efforts in the surrounding area.
Cons
Boyle Heights Market Perception: While improving, the Boyle Heights sub-market may still face perception challenges for some investors, potentially influencing rental rates or the tenant pool compared to more established areas.
Unspecified Amenities: The property description lacks details on crucial amenities such as dedicated parking, in-unit laundry, or private outdoor spaces, which can be significant factors for tenant attraction and rental income potential.
High Entry Price Point: Despite the price reduction, a list price approaching $1 million for a quadruplex in this specific area represents a significant investment, requiring thorough financial analysis for potential buyers to ensure desired returns.