2136 Keith, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath
ACTIVE$888,000
2136 Keith, Los Angeles, California 90031
0Bed
0Bath
1,375Sqft
2,250Lot
Year Built
1915
Close
-
List price
$888K
Original List price
$888K
Price/Sqft
$646
HOA
-
Days on market
-
Sold On
-
MLS number
AR25247384
Home ConditionFair
Features
Deck
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $888.0K(38th), sqft - 1375(8th), beds - undefined(50th), baths - undefined(50th).
Excellent low-expense, high-rent generating property near downtown LA. This is a corner lot with very little maintenance, landscaping, or repairs necessary. All tenants are sponsored by governmental rent programs; their guaranteed rent is done via direct deposit every month. Property is fully rented with good long-term tenants. Rare property with guaranteed monthly income and High Gross Rent Multiplier (GRM) in Los Angeles
Nearby schools
4/10
Gates Street Elementary School
Public,•K-5•0.3mi
6/10
Multnomah Street Elementary School
Public,•K-5•0.5mi
4/10
Griffin Avenue Elementary School
Public,•K-5•0.6mi
2/10
Murchison Street Elementary School
Public,•K-6•0.8mi
4/10
Huntington Drive Elementary School
Public,•K-6•1.0mi
3/10
Albion Street Elementary School
Public,•K-6•1.1mi
2/10
Hillside Elementary School
Public,•K-5•1.2mi
4/10
Loreto Street Elementary School
Public,•K-5•1.4mi
4/10
Bridge Street Elementary School
Public,•K-5•1.5mi
3/10
Ann Street Elementary School
Public,•K-6•1.7mi
5/10
Glen Alta Elementary School
Public,•K-8•1.0mi
5/10
El Sereno Middle School
Public,•6-8•1.5mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.5mi
6/10
Hollenbeck Middle School
Public,•6-8•2.4mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•0.3mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•0.9mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•2.2mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.4mi
Price History
Date
Event
Price
10/25/25
Listing
$888,000
02/25/14
Sold
$308,000
02/25/11
Sold
$239,500
09/25/09
Sold
$190,000
01/22/07
Sold
$310,000
06/06/05
Sold
$415,000
Condition Rating
Fair
The property, built in 1915, is over a century old. While the listing describes it as low-maintenance and fully rented, the images reveal significantly dated interiors. The kitchens feature basic white appliances, older laminate countertops, basic sinks, and dated tile backsplashes and flooring. Heating is provided by wall heaters, and cooling by window AC units, indicating a lack of central HVAC. Flooring throughout is predominantly older ceramic tile. The light fixtures are basic and dated. While functional and seemingly maintained enough for occupancy, the property requires substantial cosmetic updates and system upgrades to meet current quality and style standards. It is not in a state of major disrepair, but its components are clearly outdated and show signs of age, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Guaranteed Rental Income: All tenants are sponsored by governmental rent programs, ensuring guaranteed monthly income via direct deposit, which significantly reduces vacancy and payment risk.
Low Operating Expenses: The property is described as requiring very little maintenance, landscaping, or repairs, contributing to lower ongoing operational costs for the owner.
High Occupancy & Stable Tenancy: The property is fully rented with good, long-term tenants, providing consistent cash flow and minimizing turnover expenses.
Strong Investment Metrics: Highlighted as having a 'High Gross Rent Multiplier (GRM) in Los Angeles,' indicating a potentially attractive return on investment relative to its gross rental income.
Strategic Location: Located near downtown LA, a high-demand urban area, which generally supports strong rental markets and potential for property value appreciation.
Cons
Property Age: Built in 1915, the property is over a century old, which may lead to unforeseen structural issues, outdated systems, or higher insurance costs in the long term, despite current low maintenance.
Small Lot and Unit Sizes: With 1375 sqft for a triplex on a 2250 sqft lot, individual units are likely small, potentially limiting future rental upside or appeal to a broader tenant base seeking larger living spaces.
Dependency on Government Programs: While currently a strength, the reliance on governmental rent programs introduces a specific risk related to potential policy changes, funding reductions, or administrative complexities in the future.