810 S Record, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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Los Angeles, California 90023
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well above the $648,544 Fair Market Value. While the pricing reflects the land's development potential, the Condition Rating of 5 indicates the 1910-built structures require significant capital expenditure. The 9,000 sq ft lot and detached unit configuration provide a stable foundation for long-term rental income or future expansion. This asset is best suited for Buy-and-Hold Investors or Developers capable of navigating rent-controlled occupancy while executing a value-add strategy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 810 S Record Subject | $899,000* List Price | 0 | 0 | 1,855 | $350 | - |
A 4173 Hubbard Street Sold | $685,000 | 0 | 0 | 1,680 | $408 | 0.1 mi |
B 650 S Indiana St Sold | $780,000 | 0 | 0 | 2,035 | $383 | 0.6 mi |
C 1052 S Herbert Sold | $720,000 | 0 | 0 | 1,680 | $429 | 0.3 mi |
D 1059 S Record Pending | $699,900 List Price | 0 | 0 | 1,746 | $401 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910 (>100 years old) with no mention of recent renovations to kitchens, baths, or systems. The listing highlights 'development opportunities' and land value, suggesting the structures require significant rehab to meet modern standards, though they remain currently occupied.
The property consists of four separate buildings rather than a single structure, offering tenants superior privacy and reduced noise transfer, which typically commands higher tenant retention.
The oversized lot of nearly 9,000 square feet with rear alley access provides significant opportunities for future expansion or the addition of ADUs to further increase the capitalization rate.
Each unit features separate electric and gas meters along with individual laundry facilities, significantly lowering landlord overhead and enhancing the property's appeal to long-term renters.
Built in 1910, the property may require substantial capital expenditures for maintenance and upgrades to aging structural, plumbing, and electrical systems.
With three units delivered occupied in a rent-controlled area, the buyer's ability to immediately adjust rents to market value is restricted, potentially limiting short-term cash flow growth.
Great fourplex income opportunity in East LA. Four separate buildings consisting of a main front house with three bedrooms and two bathrooms; three additional separate one bed / one bath units. All units will be delivered with tenants paying good rents with the exception of one of the rear one bed / one bath units that will be delivered without tenant ready for market rents. Each of the four buildings / units has separate electric and gas meters. Each unit has own washer and dryer. Large lot just shy of 9,000 sq ft with alley access at the rear of the property as well. Possible development opportunities with such a large lot size? Broker(s)/Agent(s)/Seller(s) do not guarantee the accuracy of any information provided including square footage, bed/bath count, lot size, lot dimensions, ordinances, zoning, rent control, permits, use code, permitted/unpermitted spaces, school boundary lines or eligibility, and/or other information concerning the conditions or features of the property provided by the Seller, obtained from public records, or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals and rely on their own personal findings, investigations and professional sources. Photos are for marketing purposes only and have been edited. DO NOT DISTURB TENANTS
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 | 1,855 | 1,719 | 63% |
| Lot Size | 8,915 | 5,592.5 | 88% |
| Price | $899.0K | $765.0K | 94% |
| Price per sq ft | $485 | $419 | 63% |
| Built year | 1910 | 1922 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 122 | 6% |
May 28, 2026
$899,000
Initial Listing
May 3, 2004
$420,000
Public Record
Apr 21, 2000
$140,000
Public Record