443 S State, Los Angeles, California 90033, Los Angeles, 90033 - 0 bed, 0 bath
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Los Angeles, California 90033
This Fully Occupied Quadruplex represents a High-Potential Investment Opportunity, listed at $924,990, which aligns with its $924,990 Fair Market Value. This Residential Income Asset delivers immediate cash flow through a versatile unit mix and features a distant Los Angeles skyline view. Boasting a Good Condition Rating, the property has undergone significant capital improvements, including a newer roof and updated plumbing and electrical systems. Located in the high-demand Boyle Heights corridor, this stable asset is ideal for Buy-and-Hold Investors or Portfolio Managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 443 S State Subject | $914,990* List Price | 0 | 0 | 2,665 | $343 | - |
A 2719 Folsom Active | $1,169,000 List Price | 0 | 0 | 3,048 | $384 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
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.
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'.
Being 'fully occupied' ensures immediate rental income and demonstrates proven tenant demand, making it an attractive asset for investors.
Major upgrades including 'plumbing replaced, a newer roof, and upgraded electrical wiring' provide 'long-term peace of mind and reduced maintenance costs'.
Built in 1898, despite recent upgrades, the property's age may still present unforeseen maintenance challenges or higher insurance costs compared to newer constructions.
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.
Its proximity and 'convenient access to the 5, 60, and 101 freeways' could expose tenants to higher levels of traffic noise and congestion.
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.
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 | 2,665 | 2,269 | 73% |
| Lot Size | 6,372 | 5,849 | 64% |
| Price | $915.0K | $775.0K | 64% |
| Price per sq ft | $343 | $380 | 36% |
| Built year | 1898 | 1924 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 204 | 27% |
Apr 15, 2026
$914,990
$924,990
-1% Price Drop
Initial Listing
Jan 27, 2026
$924,990
Initial Listing
Jan 16, 2001
$150,000
Public Record