305 S Mott, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Residential Income Value-Add Asset in Boyle Heights is listed at $1,058,888, positioned accurately at its $1,058,888 Fair Market Value. Currently operated as four rental units despite county records indicating a triplex, the property offers significant Rental Upside Potential through market-rate adjustments. With a Poor Condition Rating, the 1922 structure requires a comprehensive interior and exterior overhaul to maximize ROI. Located within the Los Angeles Unified district on a strategic Corner Lot, its proximity to major freeways ensures long-term desirability for Buy-and-Hold Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 305 S Mott Subject | $1,058,888* List Price | 0 | 0 | 2,421 | $437 | - |
A 2431 E 4th Active Under Contract | $850,000 List Price | 5 | 3 | 2,479 | $343 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922, this property is over 100 years old. While some units show signs of recent flooring updates (laminate in images 14, 15, 16), the kitchens (images 7, 11) and bathrooms (images 8, 10) are significantly outdated with old cabinets, basic countertops, older appliances (except for one newer fridge), and dated fixtures and tiling. The overall condition suggests that major components have not been extensively renovated in many decades, likely 30-50+ years. The property requires substantial repairs and rehabilitation to modernize the living spaces and bring them up to current quality standards, aligning with the 'Poor' condition criteria.
Explicitly marketed as an investment, this property offers multiple income streams from its current configuration as four rental units.
The property is currently configured and operated as four separate rental units (1x2Bed/1Bath and 3x1Bed/1Bath), providing diversified income streams.
Current rents are below market, presenting a clear opportunity for a new owner to increase cash flow and achieve a higher return on investment.
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.
County records indicate a 3-unit (Triplex), but the property is operated as four units. This discrepancy requires thorough buyer verification and could pose legal or permitting challenges.
Built in 1922, the property is over a century old, suggesting potential for significant deferred maintenance, outdated systems, and higher renovation costs.
Investment opportunity in Boyle Heights on a corner lot with convenient access to the 5, 10 & 60 freeways and minutes to Downtown Los Angeles. County records show a 3-unit (Triplex); however, the property is currently configured with four separate addresses and operated as four rental units (1 x 2Bed/1Bath and 3 x 1Bed/1Bath). Subject property features 4 electric meters, 4 gas meters, and 1 water meter. All units are tenant-occupied with current rents below market, offering future rental upside potential. Buyer to verify unit count, square footage, permits, and all information to their satisfaction. Do not disturb tenants.
No exterior & parking available.
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 | 2,421 | 2,269 | 73% |
| Lot Size | 6,698 | 5,849 | 64% |
| Price | $1.06M | $775.0K | 73% |
| Price per sq ft | $437 | $408 | 73% |
| Built year | 1922 | 1924 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 204 | 18% |
Jan 29, 2026
$1,058,888
Initial Listing
Apr 7, 2005
$390,000
Public Record
Apr 21, 2004
$310,000
Public Record