3020 Baldwin Street, Los Angeles, California 90031, Los Angeles, 90031 - 0 bed, 0 bath
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Los Angeles, California 90031
This Multi-Unit Residential Income Asset is listed at $1,980,000, representing a stable entry point aligned with its $1,865,441 Fair Market Value. Boasting a Condition Rating of 3, the property features a renovated 1897 front house, a 1999 triplex, and a Newly Permitted ADU, totaling 12 Bedrooms and 8.5 Bathrooms. Strategically located in Lincoln Heights near Keck USC and DTLA, the site benefits from High Rental Demand and significant cash-flow potential. This turnkey portfolio is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack.
Property is move-in ready.
This quadplex presents a mixed condition due to its varied construction dates and renovation levels. The front building, built in 1897, is described as 'meticulously maintained' and 'renovated,' suggesting ongoing upkeep. The back building from 1999 is within the 'good' age range. Crucially, the recently converted ADU features modern, excellent-condition kitchen (grey shaker cabinets, quartz countertops, stainless steel appliances) and bathroom (modern vanity, large format tile, glass shower enclosure) as seen in images 13 and 14. Other units, while showing older styles in kitchens (wood cabinets, granite-look counters, white tile floors in image 7; light wood cabinets, white appliances, laminate floors in image 10) and bathrooms (older vanities, tiled tub/shower combos in images 6, 11, 12), appear clean, functional, and move-in ready without immediate renovation needs. Flooring throughout the units (hardwood/laminate and tile) is in good condition. The presence of mini-split AC units in some areas indicates updated cooling. Overall, the property is well-maintained, functional, and largely move-in ready, with the recent ADU renovation significantly boosting its appeal, aligning with the 'good' criteria.
This property is a renovated quadplex with an additional permitted ADU, offering a total of five distinct rental units (12 bedrooms, 8.5 bathrooms), making it an ideal investment for substantial rental income.
Strategically situated in Lincoln Heights, the property provides easy access to major employment and cultural hubs such as Keck USC, the Arts District, Downtown LA, and Pasadena, enhancing its appeal to a wide tenant base.
Explicitly noted as a high rental demand area, this property offers a strong likelihood of consistent occupancy and favorable rental rates, minimizing vacancy risks for investors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4918, other record living area = 3982.
While the 1897 front building is described as 'meticulously maintained,' older structures often come with inherent risks of outdated systems (e.g., plumbing, electrical) and potentially higher ongoing maintenance costs not explicitly detailed.
Managing a five-unit property (quadplex plus ADU) demands significant time and effort for tenant relations, lease administration, and maintenance coordination, which may be challenging for inexperienced landlords or those seeking passive investment.
Renovated quadplex in Lincoln Heights boasts 4,918 sqft on a generous 9,036 sqft lot. The front building, a two-story structure from 1897, exudes charm and is meticulously maintained. Offering 4 bright and spacious bedrooms with 2 bathrooms, including 2 upstairs bedrooms with walk-in closets, it features an open kitchen and spacious dining area. Additionally, a newer back building constructed in 1999 comprises three (3) units, 2 units with 3 bedrooms and 2 bathrooms. The garage recently converted into an ADU, with 2 bedrooms, 2 bathrooms spread across 936 sqft with permitted. Totaling 12 bedrooms and 8.5 bathrooms. Strategically situated in Lincoln Heights, it provides easy access to Keck USC, the Arts District, Downtown LA, and Pasadena, making it an ideal investment opportunity for homeowners seeking rental income. High rental demand area and great opportunity for investors. Don't let this opportunity pass you by!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.3 mi
Grades K-6 • 0.7 mi
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 | 4,918 | 2,898 | 75% |
| Lot Size | 9,036 | 8,262.5 | 63% |
| Price | $1.90M | $969.5K | 75% |
| Price per sq ft | $386 | $381 | 50% |
| Built year | 1897 | 1915 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 144 | 175 | 38% |
Apr 22, 2026
$1,900,000
$1,980,000
-4% Price Drop
Initial Listing
Jan 21, 2026
$1,980,000
$1,999,999
-1% Price Drop
Initial Listing
Jan 13, 2026
$1,999,999
Initial Listing