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2415 Boulder St, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

2415 Boulder St, Los Angeles, California 90033 home-pic-0
ACTIVE$949,999
2415 Boulder St, Los Angeles, California 90033
0Bed
0Bath
2,376Sqft
6,995Lot
Year Built
1922
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$400
HOA
-
Days on market
-
Sold On
-
MLS number
CV24253534
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $950.0K(69th), sqft - 2376(63th), beds - undefined(50th), baths - undefined(50th).

Welcome to this charming 4-unit quadraplex located in the heart of Los Angeles. This property offers a unique opportunity to own a spacious and livable residence with the potential to add another building in the front yard. **Features:** * 4 individual units with separate entrances, perfect for renters or family members * Each unit has its own kitchen, bathroom, and living areas * Spacious front yard with ample room for an addition, allowing for potential increased income or additional living space * Originally built in 1922, this quadraplex has character and charm, with hardwood floors and large windows throughout * The property has been well-maintained and is currently generating income through rent.The front yard is spacious enough to accommodate a single-family home-style or potential for another structure for a unit, with plenty of room for parking and outdoor living space * A multi family could be built or as a standalone structure, providing additional income or living space for a growing family * This opportunity is ideal for an investor looking to increase rental income or for a homeowner seeking additional living space * Located in a desirable neighborhood with easy access to public transportation, schools, and local amenities This quadraplex offers a unique blend of functionality, character, and growth potential. Whether you're an investor seeking rental income or a homeowner looking for additional living space, this property is definitely worth considering. Schedule a viewing today!

Condition Rating
Poor
The property was built in 1922, making it over 100 years old. While the listing states it is 'well-maintained' and 'currently generating income,' there are no interior images provided to assess the condition of the kitchens, bathrooms, or other critical systems. The exterior images show a dated building with visible wear and tear, suggesting a lack of recent significant renovations. Given its age and the absence of evidence of modern updates, it is highly probable that the kitchens, bathrooms, plumbing, and electrical systems are significantly outdated and would require substantial repairs and rehabilitation to meet current standards and comfort levels.
Pros & Cons

Pros

Strong Income Potential: The property is a 4-unit quadraplex currently generating income, offering a stable revenue stream for investors or an owner-occupant seeking rental income.
Significant Development Opportunity: A spacious 6,995 sqft front yard provides ample room to add another building (single-family home or additional multi-family unit), offering substantial value-add and increased income potential.
Multi-Unit Configuration: As a quadraplex with four individual units, it offers diversified rental income streams, reduced vacancy risk, and flexibility for various investment strategies or owner-occupancy.
Historic Charm and Character: Built in 1922, the property retains original features like hardwood floors and large windows, appealing to tenants and buyers seeking properties with unique character.
Desirable Los Angeles Location: Located in a desirable Los Angeles neighborhood with easy access to public transportation, schools, and local amenities, ensuring strong tenant demand and potential for appreciation.

Cons

Age-Related Maintenance: Built in 1922, the property is over 100 years old, which may necessitate ongoing maintenance, updates to older systems (plumbing, electrical), and potential for deferred repairs.
Development Costs and Complexity: While offering development potential, adding a new structure involves significant capital investment, navigating complex permitting processes, and managing construction timelines.
Lack of Specific Unit Condition Details: The description broadly states 'well-maintained' but lacks specific details on the condition or recent updates of individual unit interiors (e.g., kitchens, bathrooms), which could imply varying levels of modernization or future renovation needs.

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