1623 E. 33rd St new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90011
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25214333
Year Built 1958
Lot Size 5,336 Sqft
Property Sub-Type Quadruplex
Property Description
Located just minutes from Crypto.com Arena (formerly Staples Center), Downtown Los Angeles, and USC, this well-maintained fourplex presents a strong investment with excellent growth potential. Each of the four units offers 2 bedrooms, 1 bathroom, a kitchen, and a dining area. Most of the units have been renovated with laminate flooring and fresh paint. The property features a NEW ROOF, NEW WATER HEATERS, refurbished stairs and deck, and ample on-site parking for seven vehicles plus street parking. The property encompasses 2,438 sq. ft. of living space on a 5,334 sq. ft. lot. Current monthly rental income is $5,536 ($66,432 annually), with the ability to raise rents up to 3% annually and additional upside through future renovations or ADU development potential. This is an excellent opportunity for both seasoned investors and first-time buyers looking to grow their portfolio in one of Los Angeles' most dynamic rental markets. Strong cash flow and future growth make this a MUST-SEE FOR INVESTORS!
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate,Tile
Fireplaces Type None
Laundry None
Exterior
Parking Features Uncovered
Pool None
Community Features Street Lights,Sidewalks,Urban
Utilities Available Electricity Available,Natural Gas Available,Sewer Connected,Water Connected
Roof Type Shingle
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard