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638 N Boyle Avenue, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

638 N Boyle Avenue, Los Angeles, California 90033 home-pic-0
ACTIVE$1,099,000
638 N Boyle Avenue, Los Angeles, California 90033
0Bed
0Bath
2,316Sqft
7,164Lot
Year Built
1924
Close
-
List price
$1.1M
Original List price
$1.3M
Price/Sqft
$475
HOA
-
Days on market
-
Sold On
-
MLS number
CV25039960
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(75th), sqft - 2316(63th), beds - undefined(50th), baths - undefined(50th).

Verry Motivated Selle!!!! The two bedroom unit will be vacant starting September 1st.!!!!! Great Investment opportunity, surrounding owners are converting their properties into multi-level 12-unit apartment complex! This Real Estate is THREE SEPARATE UNITS CENTRALIZED THE HEART OF LOS ANGELES! Front Unit is a 3-bedroom 1bath, Second Unit is a 2-Bedroom 1-bath and Third Unit is a 1-Bedroom 1 Bath. This 3-unit complex has enough parking for 8 cars inside. The property is very accessible to interstate 5, Interstate 10, the 60 and the 101 Frwy. It's also within a 5-minute walk to Parks, Museums and the University of Southern California. Call for more information!!!!!

Price History

Date
Event
Price
08/13/25
Price Change
$1,099,000-1.9%
08/12/25
Price Change
$1,120,000
02/23/25
Listing
$1,300,000
10/30/14
Sold
$490,000
Condition Rating
Poor
Built in 1924, this property shows significant age with no evidence of major recent renovations. The visible interior (laundry area) is very basic and dated with old tile flooring and a simple, unmodern cabinet. The exterior also reflects its age. The absence of kitchen and bathroom photos strongly suggests these critical areas are in very poor, outdated condition, likely requiring substantial repairs and rehabilitation to meet current standards. The listing's emphasis on redevelopment potential further indicates the existing structures are not considered a primary asset in their current state.
Pros & Cons

Pros

High Development Potential: The property's large lot size (7164 sqft) and the trend of surrounding properties converting to multi-level 12-unit apartment complexes indicate significant upside for future high-density development.
Excellent Income-Generating Asset: As a triplex with three distinct units (3-bed, 2-bed, 1-bed), the property provides multiple income streams, with one unit becoming vacant soon, offering immediate flexibility for new ownership or rental.
Prime Central Los Angeles Location: Situated in the 'heart of Los Angeles,' the property offers exceptional accessibility to major freeways (I-5, I-10, 60, 101) and is within a 5-minute walk to parks, museums, and the University of Southern California.
Ample On-Site Parking: The provision of parking for up to 8 cars is a rare and highly desirable amenity in a dense urban area like Los Angeles, adding significant value for tenants and potential future development.
Motivated Seller & Price Adjustment: The 'Very Motivated Seller' status, coupled with a substantial price reduction from the original list price ($1.3M to $1.099M), suggests a strong opportunity for a favorable acquisition.

Cons

Advanced Age of Property: Built in 1924, the property is nearly a century old, likely requiring significant capital expenditure for deferred maintenance, system upgrades, and modernization to meet current standards or tenant expectations.
Unspecified Current Condition: The description lacks details regarding the current state of the units, major systems (plumbing, electrical, HVAC), or structural integrity, implying potential for unforeseen repair costs.
Significant Redevelopment Investment Required: While development potential is a strength, realizing it would necessitate substantial financial investment, navigating complex permitting processes, and a lengthy construction timeline, which may not suit all investors.

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