473 Savannah, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$1,050,000
473 Savannah, Los Angeles, California 90033
0Bed
0Bath
2,335Sqft
5,842Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: A quadruplex with a desirable unit mix (one 2-bed/1-bath, three 1-bed/1-bath) explicitly noted for 'Great income,' offering significant rental revenue opportunities.
Top Cons:
Historic Property Age: Constructed in 1915, the property's age, despite recent updates, may present inherent challenges with older infrastructure or require ongoing maintenance typical of historic buildings.
Compared to the nearby listings
Price:$1.05M vs avg $740.0K (+$310,000)75%
Size:2,335 sqft vs avg 2,178.5 sqft63%
Price/sqft:$450 vs avg $37969%
More Insights
Built in 1915 (110 years old).
Condition: Built in 1915, this property is over a century old. While the description states it has been 'well-maintained and updated in the last years,' there are no interior images to assess the condition, style, or features of the kitchens and bathrooms, which are critical for a higher score. The exterior images show an older, maintained property, but not one that appears to have undergone extensive, modern renovations. Given its age and the lack of visual evidence for recent, high-quality interior updates, it's likely that some components, especially in key areas like kitchens and bathrooms, may still be outdated in style or functionality, requiring minor updates or repairs to meet contemporary standards.
Year Built
1915
Close
-
List price
$1.05M
Original List price
$1.1M
Price/Sqft
$450
HOA
-
Days on market
-
Sold On
-
MLS number
DW25248216
Home ConditionFair
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
FOUR units in Boyle Heights, Excellent opportunity to own property in highly sought-after THREE separate buildings on one lot. The unit mix includes one spacious TWO-bed/one-bath Single TWO story REAR unit plus THREE - one-bed/one-bath units, Great income well-maintained and updated buildings, in the last years. TWO-car parking, access thru the alley , and separate gas and electric meters for all units. Central location neighborhood near Roosevelt High School, public transit, and local shops. Downtown LA, the Arts District. with easy access to Downtown LA, shopping, dining, and entertainment. It is only five blocks or a walking distance to the Metro Station and offers quick access to Freeways San Bernardino and Pomona.
Price History
Date
Event
Price
10/29/21
Sold
$889,000
09/15/17
Sold
$600,000
07/09/12
Sold
$335,000
03/24/11
Sold
$167,000
Condition Rating
Fair
Built in 1915, this property is over a century old. While the description states it has been 'well-maintained and updated in the last years,' there are no interior images to assess the condition, style, or features of the kitchens and bathrooms, which are critical for a higher score. The exterior images show an older, maintained property, but not one that appears to have undergone extensive, modern renovations. Given its age and the lack of visual evidence for recent, high-quality interior updates, it's likely that some components, especially in key areas like kitchens and bathrooms, may still be outdated in style or functionality, requiring minor updates or repairs to meet contemporary standards.
Pros & Cons
Pros
Strong Income Potential: A quadruplex with a desirable unit mix (one 2-bed/1-bath, three 1-bed/1-bath) explicitly noted for 'Great income,' offering significant rental revenue opportunities.
Exceptional Central Location: Situated in the highly sought-after Boyle Heights, providing excellent access to Downtown LA, the Arts District, public transit (walking distance to Metro), major freeways, and local amenities.
Enhanced Privacy & Management: Comprising three separate buildings on one lot, which offers increased tenant privacy, complemented by separate gas and electric meters for simplified landlord management and reduced utility costs.
Well-Maintained & Updated: Described as 'well-maintained and updated in the last years,' indicating a property that requires less immediate capital expenditure for a new owner.
Valuable Dedicated Parking: Features two-car parking with alley access, a significant amenity in a dense urban area where parking can be scarce.
Cons
Historic Property Age: Constructed in 1915, the property's age, despite recent updates, may present inherent challenges with older infrastructure or require ongoing maintenance typical of historic buildings.
Inadequate Parking Capacity: With only two dedicated parking spaces for four units, parking is significantly limited, potentially leading to tenant dissatisfaction or reliance on less convenient street parking.
Recent Price Adjustment: The listing has undergone a price reduction from $1.1M to $1.05M, which could signal a need to attract more buyer interest or an initial overvaluation in the current market.