2415 Boulder Street, Los Angeles, California 90033, Los Angeles, 90033 - 6 bed, 4 bath

2415 Boulder Street, Los Angeles, California 90033 home-pic-0
ACTIVE$949,999
2415 Boulder Street, Los Angeles, California 90033
6Beds
4Baths
2,376Sqft
6,997Lot
Year Built
1922
Close
-
List price
$950K
Original List price
$1.1M
Price/Sqft
$400
HOA
-
Days on market
-
Sold On
-
MLS number
CV24109614
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $950.0K(69th), sqft - 2376(63th), beds - 6(94th), baths - 4(94th).

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 an ADU (Accessory Dwelling Unit) 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 ADU 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 rental income **ADU Potential:** * The front yard is spacious enough to accommodate a single-family home-style ADU, with plenty of room for parking and outdoor living space * An ADU could be built above a detached garage 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
Fair

Built in 1922, this quadraplex shows significant age and wear on its exterior, with dated windows and cracked concrete. While the listing mentions 'well-maintained' and 'hardwood floors,' the property analysis explicitly notes 'aging infrastructure (plumbing, electrical, roof)' requiring 'significant capital expenditures in the near future.' This indicates that while currently functional and income-generating, the property is outdated and will need substantial updates and repairs to major systems, kitchens, and bathrooms to meet modern standards, aligning with the 'Fair' condition category.
Pros & Cons

Pros

Income-Generating Asset: As a quadraplex with four individual units, each featuring separate entrances, kitchens, and bathrooms, the property provides immediate and diversified rental income streams.
Significant ADU Potential: The generous 6,997 sqft lot and spacious front yard explicitly offer a clear opportunity to add an Accessory Dwelling Unit (ADU), substantially increasing future income or providing additional living space.
Desirable Los Angeles Location: Situated in the heart of Los Angeles (Boyle Heights), the property benefits from excellent access to public transportation, schools, and local amenities, appealing to a broad tenant base.
Historic Charm & Character: Built in 1922, the property retains architectural charm with features like hardwood floors and large windows, offering a unique aesthetic appeal that can attract tenants.
Value-Add Investment Opportunity: Beyond its current income, the ADU potential and multi-unit structure allow for significant value appreciation through increased rental yield, property expansion, or future resale.

Cons

Age-Related Maintenance & Upgrades: Built in 1922, the property, despite being 'well-maintained,' likely has aging infrastructure (plumbing, electrical, roof) that may require significant capital expenditures in the near future.
ADU Implementation Costs & Time: While offering great potential, the construction of an ADU involves substantial financial investment, complex permitting processes, and significant time, which are additional burdens for the buyer.
Compact Unit Sizes: With 2,376 sqft divided among four units, the individual units are relatively compact (approximately 594 sqft each), which might limit tenant demographics or rental income potential compared to larger units.

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