443 S State, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
443 S State
Los Angeles, California 90033
Property Price
SUMMARY
Analysis of 443 S State, Los Angeles, California 90033 is currently available with a list price of $924,990. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1898, the property has undergone significant recent upgrades, including replaced plumbing, a newer roof, and upgraded electrical wiring. The description states 'updated kitchens and bathrooms,' which is partially supported by images showing clean, functional spaces. One bathroom appears recently modernized with new tile and vanity, while another shows older tile work. Kitchens feature painted older cabinets and some newer appliances (like a stainless steel fridge in one unit), but overall, they are functional rather than high-end modern. Flooring is a mix of older hardwood, laminate, and tile, all appearing well-maintained. The property is move-in ready and well-maintained, fitting the 'Good' category due to extensive recent renovations that address major systems and provide updated living spaces, even if not all aesthetics are brand new.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Investment Opportunity
This property is explicitly highlighted as an 'Exceptional Investment Opportunity' offering 'strong cash flow' and potential for 'long-term appreciation' in a 'high demand rental corridor'.
- Fully Occupied & Income Generating
Being 'fully occupied' ensures immediate rental income and demonstrates proven tenant demand, making it an attractive asset for investors.
- Extensive Capital Improvements
Major upgrades including 'plumbing replaced, a newer roof, and upgraded electrical wiring' provide 'long-term peace of mind and reduced maintenance costs'.
CONSRISKS & DEFICIENCIES
- Historic Property Age
Built in 1898, despite recent upgrades, the property's age may still present unforeseen maintenance challenges or higher insurance costs compared to newer constructions.
- Lack of Dedicated Parking Mention
The description does not specify dedicated parking for tenants, which can be a significant drawback and a common challenge in dense urban areas like Los Angeles.
- Potential for Noise/Traffic
Its proximity and 'convenient access to the 5, 60, and 101 freeways' could expose tenants to higher levels of traffic noise and congestion.
About 443 S State
Exceptional Investment Opportunity in the Heart of Boyle Heights! This fully occupied four-unit income property offers strong cash flow, pride of ownership, and recent upgrades making it an ideal addition to any investor’s portfolio. The property features a versatile unit mix: Unit #1 offers a spacious 2 bedroom, 1 bath layout with laundry hookups plus a bonus room; Unit #2 is a 2 bedroom, 1 bath unit; Unit #3 is a studio apartment with 1 bath; and the detached back house includes a 1 bedroom, 1 bath floor plan with laundry hookups and a private porch, providing excellent rental flexibility and tenant appeal. All units showcase updated kitchens and bathrooms, while major capital improvements include plumbing replaced, a newer roof, and upgraded electrical wiring, delivering long-term peace of mind and reduced maintenance costs. Ideally located near Hollenbeck park and offering convenient access to the 5, 60, and 101 freeways, this property provides excellent connectivity throughout Los Angeles. A rare opportunity to acquire a multi-unit asset in a high demand rental corridor perfect for investors seeking stable income and long-term appreciation.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1898
- Lot Size
- 6,372 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,665 | 2,286 | 57% |
| Lot Size | 6,372 | 5,997.5 | 57% |
| Price | $925.0K | $847.5K | 64% |
| Price per sq ft | $347 | $362 | 50% |
| Built year | 1898 | 1925 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 212 | 7% |
Pricing History
Listed for Sale
Jan 27, 2026
$924,990
Initial Listing
Sold
Jan 16, 2001
$150,000
Public Record