2508 Houston Street

Los Angeles, CA 90033

$1,950,000
Price
14
Beds
10
Baths
5,526 Sq. Ft.
$353 / Sq. Ft.
5,526
Sq. Ft.
$353
per Sq. Ft.

Description

We are proud to present 2508 Houston Street, a Quadruplex multi-family investment opportunity in the heart of Boyle Heights. Built in 2017, the offering boasts a highly desirable mix of Two 3+2 & Two 4+3 split-level townhouses. The property includes an enormous 4 BD / 3 BA town house that will be delivered vacant at closing. Upgraded with a combination of wood laminate and tile floors, granite counters, in unit laundry hook-up and a balcony, this unit is perfect for owner occupancy. With below market...We are proud to present 2508 Houston Street, a Quadruplex multi-family investment opportunity in the heart of Boyle Heights. Built in 2017, the offering boasts a highly desirable mix of Two 3+2 & Two 4+3 split-level townhouses. The property includes an enormous 4 BD / 3 BA town house that will be delivered vacant at closing. Upgraded with a combination of wood laminate and tile floors, granite counters, in unit laundry hook-up and a balcony, this unit is perfect for owner occupancy. With below market rents, this property presents an excellent value-add opportunity offering potential for growth and appreciation for years to come. Situated in a sought-after area of Boyle Heights, a desirable and rapidly developing neighborhood in Los Angeles County just minutes away from all the premier dining, entertainment and shopping that The Arts District, Downtown LA and LA Live has to offer.
  1. Listed by Joshua Luchs • DRE #01845545 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 2508 Houston Street

Zoning
LARD1.5
Parcel Number
5177020004
Total Units
4.0
Living Area
5526
Source Living Area
Vendor Enhanced
Area
Boyle Heights (BOYH)
Vacancy Rate
4,345
Lot Size Area
7004
LISTING UPDATED: 11/26/2024 12:01 AM

Property Details for 2508 Houston Street

StatusActive
MLS #24-466805
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2017
Lot Size0.16 AC / 7,004 SF
CountyLos Angeles County

Building Information for 2508 Houston Street

Stories-Residences-Year Built2017Building Size-Lot Size0.16 AC / 7,004 SF

Property Information for 2508 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: 0
  • Number Of Buildings: 2
  • Type Of Units: Multi-Family
Contract Info
Contract Info
  • Financing: Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $140,495
  • Net Operating Income: $105,090.00
  • Gross Income: $144,840
  • Gross Rent Multiplier: $13.46
  • Actual Annual Gross Rent: $144,840.00
  • Actual Gross Annual Income: $144,840
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 35405
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1608
  • Lot Size Square Feet: 7004
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 0
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-25-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,312.50
  • Unit Actual Rent: $6,625.00
  • Unit Projected Rent: $7,300.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,723.00
  • Unit Actual Rent: $5,445.00
  • Unit Projected Rent: $6,400.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $877,207.00
  • Assessed Improvement Percent: 58.17
  • Assessed Land Value: $630,706.00
  • Assessed Land Percent: 41.83
  • Assessed Total Value: $1,507,913.00

Property History for 2508 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 2508 Houston Street

Taxable ValueLand$643,320Additions$894,751Total$1,538,071
Tax Record2024$19,187 ($1,599 / month)
Home Facts
Total Finished SqFt5,526 SqFtAbove Grade Finished SqFt5,526 SqFtLot Size7,002 SqFtStyleQuadraplexYear Built2017ZoningLARD1.5CountyLOS ANGELESAPN5177-020-004

Schools near 2508 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
Evergreen Avenue Elementary School
PublicK to 6

Extera Public Schools
CharterK to 8

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.

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2508 Houston Street is a multi-family home for sale in Los Angeles, CA 90033. This property was listed for sale on November 18, 2024 by Kidder Mathews of California, Inc., it's currently listed at $1,950,000. It has been on the market for a total of 33 days and was last sold on December 16, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Evergreen Avenue Elementary School, Extera Public Schools and East Los Angeles Renaissance Academy At Esteban E. Torres High No. 2. 2508 Houston Street is a 14-bed, 10-bath, 5,526 sqft multi-family home built in 2017.

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 Kidder Mathews of California, Inc., Joshua Luchs, DRE #01845545

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.