834 E 33rd Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$875,000$2,085/sqft
834 E 33rd Street, Los Angeles, California 90011
0Bed
0Bath
2,085Sqft
5,269Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Generation: The property generates an impressive $77,100 in annual rental income, supported by a long-term Section 8 tenant with annual rent increase potential and an immediate opportunity for a rent hike.
Top Cons:
Rapid Price Appreciation: The current list price of $875,000 is a significant increase from its last sale price of $551,500 in November 2023, which may warrant a thorough market analysis to justify the valuation.
Compared to the nearby listings
Price:$875.0K vs avg $699.0K (+$176,000)79%
Size:2,085 sqft vs avg 2,076 sqft52%
Price/sqft:$420 vs avg $34076%
More Insights
Built in 1908 (118 years old).
Condition: Despite being built in 1908, the property appears to have undergone significant interior renovations, making it move-in ready. The kitchen features updated white cabinets, white countertops, a subway tile backsplash, and a stainless steel gas range. The bathroom boasts a modern grey vanity with a vessel sink and updated fixtures. Light-colored laminate/LVP flooring is consistent throughout the visible interior spaces, and there are no visible carpets. While the exterior shows its age, the interior updates, particularly in the kitchen and bathroom, align with a property extensively renovated within the last 5-15 years, as described in the 'good' criteria. The property's description also claims it is in 'fantastic condition,' which is supported by the interior images.
Year Built
1908
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$420
HOA
-
Days on market
-
Sold On
-
MLS number
SR25241079
Home ConditionGood
Features
View-
About this home
$77,100 in rental income per year/ $6,425 per month. 3/2 bedroom/ bath is getting $3200 rental income while the 2/1 bedroom/ bath unit is occupied by a longterm and fantastic section 8 tenant who pays $3225/ month and this rent will continue as long as they live there and the owner may increase it 3% every year. Tenants are due for a rent increase! The property has a HUGE BACK YARD- 6-8 parkings spots and room for a 2 story ADU to add extra future value (SEE PICS OF THE NEIGBORS ADU NEXT DOOR). Subject property is in a great a FANTASTIC condition, in the most desirable location in this area, and on a great street with many updated and custom made homes. No to mention, great section 8 rental income and tenants and easy to rent the 3 bedroom as well. Seller decided to leave it vacant just in case a buyer want to obtain an FHA loan or wants to live in it themselves, So SUBMIT YOUR OFFER TODAY and make this your dream home!
M
Mazdak Sarehkhani
Listing Agent
Nearby schools
4/10
Quincy Jones Elementary School
Public,•K-5•0.1mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.3mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.4mi
3/10
Trinity Street Elementary School
Public,•K-5•0.5mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.5mi
/10
Maple Primary Center
Public,•K-1•0.5mi
2/10
Harmony Elementary School
Public,•K-5•0.5mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.5mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.9mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.9mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.9mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.1mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.1mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.3mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.7mi
4/10
Norwood Street Elementary School
Public,•K-5•1.7mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.8mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.0mi
2/10
John W. Mack Elementary School
Public,•K-5•2.0mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.8mi
3/10
George Washington Carver Middle School
Public,•6-8•0.8mi
4/10
John Adams Middle School
Public,•6-8•0.8mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.8mi
2/10
John Muir Middle School
Public,•6-8•2.6mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.7mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.7mi
5/10
Santee Education Complex
Public,•9-12•1.0mi
3/10
Manual Arts Senior High School
Public,•9-12•1.8mi
4/10
West Adams Preparatory High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
11/06/23
Sold
$551,500
Condition Rating
Good
Despite being built in 1908, the property appears to have undergone significant interior renovations, making it move-in ready. The kitchen features updated white cabinets, white countertops, a subway tile backsplash, and a stainless steel gas range. The bathroom boasts a modern grey vanity with a vessel sink and updated fixtures. Light-colored laminate/LVP flooring is consistent throughout the visible interior spaces, and there are no visible carpets. While the exterior shows its age, the interior updates, particularly in the kitchen and bathroom, align with a property extensively renovated within the last 5-15 years, as described in the 'good' criteria. The property's description also claims it is in 'fantastic condition,' which is supported by the interior images.
Pros & Cons
Pros
Strong Income Generation: The property generates an impressive $77,100 in annual rental income, supported by a long-term Section 8 tenant with annual rent increase potential and an immediate opportunity for a rent hike.
ADU Development Potential: A large 5,269 sqft lot with a huge backyard offers significant potential for adding a 2-story ADU, which can substantially increase future value and income streams.
Prime Location & Condition: Located in a highly desirable area on a great street with updated homes, the property is explicitly stated to be in 'fantastic condition'.
Flexible Occupancy/Investment: One unit is currently vacant, providing flexibility for an owner-occupant seeking an FHA loan or an investor to select their preferred tenant immediately.
Ample Parking: The property boasts a substantial 6-8 parking spots in the huge backyard, a valuable amenity in a dense urban area like Los Angeles.
Cons
Rapid Price Appreciation: The current list price of $875,000 is a significant increase from its last sale price of $551,500 in November 2023, which may warrant a thorough market analysis to justify the valuation.
Historic Property Age: Built in 1908, the property is over a century old. While described as being in 'fantastic condition,' older homes can sometimes present unforeseen maintenance challenges or require specific insurance considerations.
Immediate Vacancy Impact: Although offering flexibility, the vacant unit means a temporary loss of potential rental income until a new tenant is secured, impacting initial cash flow for an investor.