834 E 33rd Street, Los Angeles, California 90011, Los Angeles, 90011 - 0 bed, 0 bath
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Los Angeles, California 90011
This High-Yield Residential Duplex is a Strong Value Opportunity, listed at $875,000, which aligns precisely with its $874,731 Fair Market Value. Generating $77,100 in annual rental income, the property features a vacant 3-bedroom unit ideal for FHA financing and a stable Section 8 tenant. Boasting a Condition Rating of 3, the asset offers renovated kitchens with quartz-style finishes and modern laminate flooring. With a 5,269 sqft lot providing 6-8 parking spots and significant ADU development potential, this is a strategic acquisition for Buy-and-Hold Investors and Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 834 E 33rd Street Subject | $875,000* List Price | 0 | 0 | 2,085 | $420 | - |
A 4065 Wall Sold | $875,000 | 5 | 2 | 1,892 | $462 | 0.7 mi |
B 456 E 43rd Place Sold | $935,000 | 0 | 0 | 2,640 | $354 | 0.7 mi |
C 2619 Trinity Street Sold | $625,000 | 3 | 3 | 2,028 | $308 | 0.5 mi |
D 1426 E 21st Street 1 Pending | $899,000 List Price | 6 | 3 | 2,100 | $428 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
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.
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.
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.
Located in a highly desirable area on a great street with updated homes, the property is explicitly stated to be in 'fantastic condition'.
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.
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.
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.
$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!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.4 mi
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 | 2,085 | 2,040.5 | 59% |
| Lot Size | 5,269 | 5,278.5 | 50% |
| Price | $875.0K | $747.5K | 69% |
| Price per sq ft | $420 | $380 | 59% |
| Built year | 1908 | 1912 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 188 | 209 | 44% |
Oct 16, 2025
$875,000
Initial Listing
Nov 6, 2023
$551,500
Public Record