2437 Houston Street

Los Angeles, CA 90033

$1,499,000
Price
8
Beds
6
Baths
3,170 Sq. Ft.
$473 / Sq. Ft.
3,170
Sq. Ft.
$473
per Sq. Ft.

Description

Presenting an exceptional investment prospect nestled in the heart of Boyle Heights: a meticulously maintained four-unit income property showcasing beautifully renovated bungalows. Each unit boasts in-unit laundry facilities, ample parking, and the added convenience of air conditioning. Enhanced with premium finishes and fixtures, these thoughtfully designed residences offer contemporary living spaces tailored to meet the needs of today's tenants. Beyond the property's inherent charm lies its unparalleled...Presenting an exceptional investment prospect nestled in the heart of Boyle Heights: a meticulously maintained four-unit income property showcasing beautifully renovated bungalows. Each unit boasts in-unit laundry facilities, ample parking, and the added convenience of air conditioning. Enhanced with premium finishes and fixtures, these thoughtfully designed residences offer contemporary living spaces tailored to meet the needs of today's tenants. Beyond the property's inherent charm lies its unparalleled location, affording effortless access to nearby shops and dining establishments, making it an ideal choice for those desiring a vibrant urban lifestyle. Whether you're a seasoned investor or just entering the market, this income property assures robust rental potential and enduring financial benefits. Your journey towards becoming a prosperous real estate investor commences here seize this opportunity today!

Listing Agents

  1. Robby Fields

    Robby Fields

    Listing Agent

    Compass

    DRE #02080346

    robby.fields@compass.com

    P: (310)-905-2775

  2. Lauren Biedenharn

    Lauren Biedenharn

    Alternative Listing Agent

    Compass

    DRE #01955597

Property Details for 2437 Houston Street

Zoning
LAR3
Style
Bungalow
Parcel Number
5177021007
Total Units
4.0
Living Area
3170
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
Vacancy Rate
50
LISTING UPDATED: 10/28/2024 12:42 PM

Property Details for 2437 Houston Street

StatusActive
MLS #24-443851
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1906
Lot Size0.16 AC / 7,004 SF
CountyLos Angeles County
Buyer's Agent Compensation2%

Building Information for 2437 Houston Street

Stories1Residences-Year Built1906Building Size-Lot Size0.16 AC / 7,004 SF

Property Information for 2437 Houston Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: 4
  • View: No
  • View Description: None
  • View: None
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $130,800
  • Net Operating Income: $86,771.50
  • Gross Income: $123,000
  • Cap Rate: 5.37%
  • Gross Rent Multiplier: $13.14
  • Actual Annual Gross Rent: $130,800.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 32537.96
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1608
  • Lot Size Square Feet: 7004
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 6
  • Open Other Spaces Total: 6
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Air Conditioning
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: Garbage Disposal, Washer, Dryer, Dishwasher
  • Common Walls: Attached
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,900.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,900.00
  • Unit Actual Rent: $2,900.00
  • Unit Projected Rent: $3,915.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,407.00
  • Unit Actual Rent: $2,407.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,407.00
  • Unit Actual Rent: $2,407.00
  • Unit Projected Rent: $2,407.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $222,530.00
  • Assessed Improvement Percent: 59.18
  • Assessed Land Value: $153,464.00
  • Assessed Land Percent: 40.82
  • Assessed Total Value: $375,994.00

Property History for 2437 Houston Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2437 Houston Street

Taxable ValueLand$400,399Additions$229,430Total$629,829
Tax Record2024$8,029 ($669 / month)
Home Facts
Total Finished SqFt3,032 SqFtAbove Grade Finished SqFt3,032 SqFtLot Size7,002 SqFtStyleQuadraplexYear Built1913ZoningLAR3CountyLOS ANGELESAPN5177-016-020

Schools near 2437 Houston Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Sheridan Street Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

Theodore Roosevelt Senior High
Public9 to 12

Felicitas And Gonzalo Mendez High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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2437 Houston Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on September 23, 2024 by Compass, it's currently listed at $1,499,000. It has been on the market for a total of 39 days and was last sold on December 30, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Sheridan Street Elementary School, Extera Public Schools and Theodore Roosevelt Senior High. 2437 Houston Street is a 8-bed, 6-bath, 3,170 sqft multi-family home built in 1906.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Robby Fields, DRE #02080346; Compass, Lauren Biedenharn, DRE #01955597

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.