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2231 S Longwood Avenue, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath

2231 S Longwood Avenue, Los Angeles, California 90016 home-pic-0
ACTIVE$3,550,000
2231 S Longwood Avenue, Los Angeles, California 90016
0Bed
0Bath
8,000Sqft
7,654Lot
Year Built
2024
Close
-
List price
$3.55M
Original List price
$3.8M
Price/Sqft
$444
HOA
-
Days on market
-
Sold On
-
MLS number
OC25242733
Home ConditionExcellent
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.55M(99th), sqft - 8000(99th), beds - undefined(1th), baths - undefined(1th).

This brand new property, built 2024,, is a fantastic to own as a primary or investment opportunity. It consists of 3 units plus 1 ADU. Each unit offers 5 bedrooms, 5 1/2 bathrooms, and a 2-car garage. The addresses are 4997 and 4995 W 23rd St, and 2231 and 2233 Longwood Ave. Each unit is approximately 2,000 sq. ft. and currently occupied by a long-term tenant paying $6,000 per unit, with an annual rent increase of 3.5% and a personal guarantee in place. The property features breathtaking, brand new smooth walls, up-to-date high-quality flooring and design, contemporary kitchen and countertops, and an open view from upstairs. Situated on a large corner lot, a highlight of this property is the ample parking available outside the property line, and each unit has its own 2-car garage.

Price History

Date
Event
Price
10/19/25
Price Change
$3,550,000
10/18/25
Listing
$3,800,000
11/04/22
Sold
$950,000
07/31/96
Sold
$145,000
04/09/96
Sold
$67,000
Condition Rating
Excellent
This property was built in 2024, making it brand new. The listing explicitly states 'brand new smooth walls, up-to-date high-quality flooring and design, contemporary kitchen and countertops.' The images confirm a pristine condition with modern grey cabinetry, stainless steel appliances, and sleek countertops in the kitchen. Bathrooms feature contemporary vanities, marble-look tile, and new fixtures. All components are new, meeting current quality standards with no visible deferred maintenance or physical depreciation.
Pros & Cons

Pros

Brand New Construction: Built in 2024, this property offers modern amenities, contemporary design, and minimal immediate maintenance concerns, appealing to both primary residents and investors.
Exceptional Investment Potential: Comprising 3 units plus 1 ADU, the property generates substantial, stable income with long-term tenants paying $6,000 per unit, featuring annual 3.5% rent increases and personal guarantees.
High-Quality Modern Finishes: Each unit boasts brand new smooth walls, up-to-date high-quality flooring and design, and contemporary kitchens with modern countertops, enhancing aesthetic appeal and tenant satisfaction.
Generous Unit Layouts: Each of the four units offers a spacious 2,000 sq ft with 5 bedrooms and 5.5 bathrooms, providing ample living space suitable for large families or co-living arrangements.
Abundant Parking Solutions: The property provides significant parking advantages, including individual 2-car garages for each unit and ample additional parking available outside the property line on a large corner lot.

Cons

Recent Price Reduction: The listing price has been reduced from $3.8M to $3.55M, which may indicate initial overpricing or a challenge in attracting buyers at the higher price point.
High Bedroom/Bathroom Density: The configuration of 5 bedrooms and 5.5 bathrooms within 2,000 sq ft per unit could be perceived as very dense, potentially appealing to a more specific tenant demographic (e.g., co-living, large families) rather than a broad market.
Increased Management Complexity: Managing a 4-unit property (3 units + 1 ADU) is inherently more complex and time-consuming than a single-family home or duplex, potentially requiring professional management and deterring some investors.

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