2415 Boulder Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$924,999
2415 Boulder Street, Los Angeles, California 90033
0Bed
0Bath
2,376Sqft
6,997Lot
Year Built
1922
Close
-
List price
$925K
Original List price
$949K
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
CV25196367
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $925.0K(69th), sqft - 2376(63th), beds - undefined(50th), baths - undefined(50th).
Exceptional opportunity to own a 4-unit multifamily in prime Los Angeles! Property features 2 spacious 2BR/1BA units and 2 comfortable 1BR/1BA units—ideal for investors or owner-occupants. Each unit offers functional layouts and natural light, plus on-site parking and a shared outdoor space. Conveniently located near DTLA, schools, shopping, dining, freeways, and transit. Strong rental demand with value-add potential makes this a rare income-producing property in a highly desirable neighborhood.
Price History
Date
Event
Price
09/22/25
Price Change
$924,999-2.5%
09/10/25
Listing
$949,000
Condition Rating
Fair
Built in 1922, this multifamily property shows its age. The kitchens feature very dated wooden cabinets, basic tiled flooring, and a mix of older and slightly newer but still basic appliances. While functional, the overall aesthetic is significantly outdated, and the property description itself notes 'value-add potential,' indicating a need for substantial cosmetic and system updates. The property appears maintained but has not undergone a major renovation in many years, aligning with the 'fair' condition criteria of being aged but maintained, with major components functional but outdated.
Pros & Cons
Pros
Multi-Unit Income Potential: As a 4-unit multifamily property, it offers immediate and diversified rental income streams, making it an attractive investment for cash flow.
Strategic Los Angeles Location: Situated in a prime Los Angeles area, its proximity to DTLA, schools, shopping, dining, freeways, and transit ensures strong rental demand and potential for long-term appreciation.
Value-Add Opportunity: The property explicitly offers 'value-add potential,' indicating opportunities for investors to increase property value and rental income through strategic renovations or operational improvements.
Diverse Unit Mix: The configuration of two 2BR/1BA units and two 1BR/1BA units caters to a broad tenant demographic, enhancing occupancy rates and income stability.
Tenant-Friendly Amenities: The inclusion of on-site parking and a shared outdoor space provides desirable amenities for tenants in an urban environment, contributing to tenant satisfaction and retention.
Cons
Advanced Age of Property: Built in 1922, the property is over a century old, which likely entails higher ongoing maintenance costs and potential for significant capital expenditures for system upgrades (plumbing, electrical, roof) and structural repairs.
Potential for Extensive Renovation Costs: While offering 'value-add potential,' this often implies that extensive renovations are needed to modernize units and maximize rental income, which could require substantial upfront investment.
Recent Price Reduction: The recent price drop from $949,000 to $924,999 could suggest a lack of initial buyer interest or an overestimation of value, potentially signaling challenges in the current market or underlying property issues.