409 S Savannah, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Mixed-Use Income Property is a Strong Value Opportunity, listed at $1,200,000—positioned well below the $1,268,271 Fair Market Value by 5%. This valuation gap offers $68,271 in Instant Equity for incoming buyers. Currently holding a Fair Condition Rating, the asset features a vacant, completely remodeled three-bedroom unit alongside a stable corner storefront and four additional residential units. Located 10 minutes from Downtown Los Angeles, it balances immediate cash flow with long-term appreciation. This is an ideal acquisition for Owner-Occupants looking to house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 409 S Savannah Subject | $1,200,000* List Price | 0 | 0 | 3,332 | $381 | - |
A 2007 Pennsylvania Active | $998,000 List Price | 0 | 0 | 3,184 | $313 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1936 mixed-use building with a mix of updated and vintage components. While one 3-bedroom unit has been completely remodeled with modern shaker cabinets, stone countertops, recessed lighting, and stainless steel appliances, the remaining four residential units and the storefront likely retain older finishes and vintage infrastructure. Given the age of the building and the fact that only a portion of the property has been recently renovated, the overall condition is rated as fair.
This mixed-use property features four residential units and a long-term commercial storefront, providing a stable and diversified revenue profile that reduces vacancy risk.
The completely remodeled three-bedroom, two-bathroom unit is currently vacant, offering an ideal opportunity for an owner-user or the immediate generation of market-rate rental income.
Located just 10 minutes from Downtown Los Angeles in Boyle Heights, the property boasts excellent proximity to major employment hubs, public transportation, and local amenities.
Built in 1936, the property may require significant ongoing maintenance or capital expenditures to address aging systems such as plumbing, electrical, and structural components.
Managing a mixed-use asset with five distinct units and a commercial basement requires more specialized oversight and insurance compared to standard residential properties.
Total of five units A three bedroom one bath a three bedroom two bath and 2 two bedroom units in addition a corner store front. Storefront is currently leased Buy a Paletta business. which has been in place for several years. The three bedroom two bath unit has been completely remodeled and is vacant for owner occupied or generating more income. Storefront has a basement for storage. Great location Only 10 minutes to downtown Los Angeles. Great proximity to schools, shopping areas, Eateries, Parks and public transportation.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1936 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 20, 2026
$1,200,000
Initial Listing