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1430 Pennsylvania Avenue, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

1430 Pennsylvania Avenue, Los Angeles, California 90033 home-pic-0
ACTIVE$2,149,000
1430 Pennsylvania Avenue, Los Angeles, California 90033
0Bed
0Bath
5,544Sqft
6,834.16Lot
Year Built
2023
Close
-
List price
$2.15M
Original List price
$2.49M
Price/Sqft
$388
HOA
-
Days on market
-
Sold On
-
MLS number
MB25054711
Home ConditionExcellent
Features
Excellent View: City Lights, Neighborhood
ViewCity Lights,Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $2.15M(88th), sqft - 5544(88th), beds - undefined(50th), baths - undefined(50th).

Fresh Back on The Market & With A Huge Price Improvement!!! Take a look at this amazing & excellent opportunity for an investor or an owner user wanting to live in one of the units and collect great rental income. This is a stunning ultra-modern 4-multiunit and ONE OF A KIND! Spectacular new construction fourplex, offers a perfect blend of modern luxury, convenience and all units offer amazing downtown "LA" City VIEWS!!! The front 2 units offer 4-beds, 4-baths each, with 2 single car attached garages + side & rear additional parking and the back 2-units offer 3-beds, 3-bath each, both units offer side private parking spaces. All units have central Air condition, central heating, and their own laundry connections. Each bedroom in all four units have their own private bathroom. 3 units come with stainless steel refrigerator, stove, microwave hood, washer & dryer! Only one unit will need appliances. All units are separately metered for gas and Electricity. The property is located within blocks to the Art's District, walking distance to the 1st street restaurants, coffee shops, bar lounges, shopping stores, metro rail, and just mins from DTLA, White Memorial Hospital & USC Keck hospital and close to the 5,101,10 freeways. Don't miss out on this exceptional opportunity to live/invest in this modern, luxurious 4-plex in one of the most sought-after & high demand areas of Boyle Heights!

Price History

Date
Event
Price
08/08/25
Price Change
$2,149,000
03/24/25
Listing
$2,490,000
11/07/18
Sold
$570,000
12/23/11
Sold
$225,000
08/16/10
Sold
$125,000
Condition Rating
Excellent
This property is a brand-new construction, built in 2023, and described as 'ultra-modern.' The images confirm contemporary kitchens with grey cabinetry, white countertops, and stainless steel appliances. Bathrooms feature modern vanities, new fixtures, and tiling. The units boast new wood-look flooring throughout, recessed lighting, and central air/heating, indicating all components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2023, this ultra-modern fourplex offers brand-new construction, ensuring minimal immediate maintenance, contemporary aesthetics, and enhanced energy efficiency for both owner-users and tenants.
Strong Investment & Income Potential: Designed as a residential income property, it presents an excellent opportunity for investors or owner-users to generate significant rental income from its four units, each separately metered for gas and electricity, and featuring individual laundry connections.
Prime Location & Accessibility: Strategically located within blocks of the Arts District, walking distance to diverse amenities (restaurants, shops, metro rail), and minutes from DTLA, White Memorial, and USC Keck hospitals, with easy freeway access (5, 101, 10).
High-End Unit Amenities: All units boast central air conditioning, central heating, and critically, each bedroom features its own private bathroom, a highly desirable feature for tenants seeking privacy and convenience.
Downtown LA City Views: Every unit offers amazing downtown 'LA' City Views and city lights, adding significant aesthetic appeal and market value, enhancing tenant desirability and potential rental rates.

Cons

Recent Significant Price Adjustment: The substantial price reduction from the original listing price may indicate previous overvaluation or market resistance, potentially raising questions for prospective buyers regarding the property's true market value or any underlying issues.
Partial Appliance Inclusion: While three units are fully equipped with stainless steel appliances, one unit requires a full set of appliances (refrigerator, stove, microwave hood, washer & dryer), representing an additional immediate expense and logistical task for the new owner.
Neighborhood Perception: Despite its proximity to gentrifying areas like the Arts District and DTLA, the Boyle Heights neighborhood may still carry certain historical perceptions that could influence a segment of the buyer or tenant pool, requiring careful marketing.

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