305 S Mott, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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305 S Mott
Los Angeles, California 90033
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,421Sq Ft
6,698Lot Size
Property Price
LIST PRICE$958,000
EST. MARKET VALUE
$903,926
5% AboveMARKET VALUE
SUMMARY
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.
Estimated Market Value
$903,926
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 305 S Mott Subject 0 bd · 0 ba · 2,421 sqft · $373 | $958,000* List Price | 0 | 0 | 2,421 | $373 | - |
A 2811 -2813 E Boulder Street Sold 0 bd · 0 ba · 2,272 sqft · $317 · 0.7 mi | $721,000 | 0 | 0 | 2,272 | $317 | 0.7 mi |
B 2925-2927 Michigan Sold 0 bd · 0 ba · 2,079 sqft · $404 · 0.4 mi | $839,000 | 0 | 0 | 2,079 | $404 | 0.4 mi |
C 462 Camulos Street Sold 4 bd · 2 ba · 2,150 sqft · $335 · 0.2 mi | $720,000 | 4 | 2 | 2,150 | $335 | 0.2 mi |
D 502 S Soto Sold 0 bd · 0 ba · 1,832 sqft · $431 · 0.3 mi | $790,000 | 0 | 0 | 1,832 | $431 | 0.3 mi |
E 1612 Pennsylvania Avenue Sold 0 bd · 0 ba · 3,387 sqft · $342 · 1.0 mi | $1,160,000 | 0 | 0 | 3,387 | $342 | 1.0 mi |
F 473 Savannah Active 0 bd · 0 ba · 2,335 sqft · $428 · 0.3 mi | $1,000,000 List Price | 0 | 0 | 2,335 | $428 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
Ideally situated minutes from Downtown Los Angeles, the Arts District, and Keck Medicine of USC, ensuring high rental demand and excellent accessibility.
- Immediate Income Potential
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.
- Utility Efficiency
Separately metered gas and electric services reduce landlord overhead and simplify utility management across the multiple units.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Permitting Discrepancy
The property is configured as four units despite public records reflecting only three, which may present challenges for financing, insurance, and city compliance.
- As-Is Condition
Sold in as-is condition and built in 1922, the property likely requires significant capital expenditure for modernization and maintenance of aging systems.
About 305 S Mott
Owner-user opportunity in Boyle Heights. Front 2-bedroom, 1-bath unit will be delivered vacant at close of escrow, giving the next owner the option to occupy one unit while benefiting from the income potential of the remaining units. Based on stated pro forma rents and garage income, the property offers approximately $98,700 in annual gross income potential — roughly a 9.7 GRM at the current asking price. Currently configured as 4 units (public records reflect 3 units), with one 2-bedroom unit and three 1-bedroom units, separate gas and electric meters, two garage spaces, and a 6,698 SF lot. The 2-bedroom unit has a stated pro forma rent of $2,350/month, with stated pro forma rents of $1,825/month for each of the three 1-bedroom units. Conveniently located near Downtown Los Angeles, the Arts District, Keck Medicine of USC, Metro transit, and the 5, 60 and 101 freeways. Property sold as-is. Buyer and buyer's agent to independently verify unit count, permits, rents, expenses, income, and all other information and conduct their own inspections and due diligence.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1922
- Lot Size
- 6,698 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 2,421 | 2,090.331 |
| Lot Size | 6,698 | 5,852.908 |
| Price | $958.0K | $830.9K |
| Price per sq ft | $396 | $394 |
| Built year | 1922 | 1928 |
| HOA | $0 | $0 |
| Days on market | 81 | 87 |
Pricing History
Listed for Sale
Aug 20, 2026
$958,000
Initial Listing
Sold
Apr 7, 2005
$390,000
Public Record
Sold
Apr 21, 2004
$310,000
Public Record