
Los Angeles, California 90033
This Strong Value Opportunity is a Quadruplex listed at $958,000, positioned above the $892,961 Fair Market Value. While the property requires capital expenditure due to its Fair Condition Rating and 1922 construction, it offers immediate rental income potential via a vacant, move-in ready unit. Featuring separately metered utilities and a strategic location near the Arts District and Keck Medicine of USC, this asset is well-suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage a house-hack strategy in a high-demand Los Angeles submarket.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 305 S Mott Subject | $958,000* List Price | 0 | 0 | 2,421 | $369 | - |
A 2811 -2813 E Boulder Street Sold | $721,000 | 0 | 0 | 2,272 | $317 | 0.7 mi |
B 462 Camulos Street Sold | $720,000 | 4 | 2 | 2,150 | $335 | 0.2 mi |
C 2925-2927 Michigan Sold | $839,000 | 0 | 0 | 2,079 | $404 | 0.4 mi |
D 502 S Soto Sold | $790,000 | 0 | 0 | 1,832 | $431 | 0.3 mi |
E 917 N Mott St Sold | $685,000 | 0 | 0 | 2,156 | $318 | 0.9 mi |
F 473 Savannah Active | $1,000,000 List Price | 0 | 0 | 2,335 | $428 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1922, the property shows signs of age with dated plaster walls and older wall heaters. While the vacant unit features newer laminate flooring and is described as move-in ready, the overall structure and systems appear to be over 20 years old without a recent comprehensive renovation, fitting the criteria for a dated property needing minor repairs and updates.
Ideally situated minutes from Downtown Los Angeles, the Arts District, and Keck Medicine of USC, ensuring high rental demand and excellent accessibility.
The property includes a vacant, move-in ready 2-bedroom unit, allowing an investor to capture market rent immediately or an owner-occupant to take possession at closing.
Separately metered gas and electric services reduce landlord overhead and simplify utility management across the multiple units.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6698, other record lot size in square feet = 6752.
The property is configured as four units despite public records reflecting only three, which may present challenges for financing, insurance, and city compliance.
Sold in as-is condition and built in 1922, the property likely requires significant capital expenditure for modernization and maintenance of aging systems.
Prime Boyle Heights investment opportunity featuring a vacant, move-in ready 2 bedroom, 1 bath unit—ideal for an owner-occupant or an investor ready to capture market rent on day one. Property is currently configured as 4 units (public records reflect 3 units) and features separately metered gas and electric, plus garage parking. Ideally located just minutes from Downtown Los Angeles, the Arts District, Keck Medicine of USC, and convenient access to the 5, 60, and 101 freeways and Metro transit. Property sold as-is. Buyer and buyer's agent to independently verify all information and conduct their own inspections and due diligence.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.0 |
| Square foot | 2,421 | 2,187.451 |
| Lot Size | 6,698 | 5,841.385 |
| Price | $958.0K | $841.5K |
| Price per sq ft | $396 | $385 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 20 | 85 |
Aug 20, 2026
$958,000
Initial Listing
Apr 7, 2005
$390,000
Public Record
Apr 21, 2004
$310,000
Public Record