2435 Lancaster Avenue, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

2435 Lancaster Avenue, Los Angeles, California 90033 home-pic-0
ACTIVE$2,395,000
2435 Lancaster Avenue, Los Angeles, California 90033
0Bed
0Bath
6,920Sqft
8,230Lot
Year Built
2016
Close
-
List price
$2.4M
Original List price
$2.55M
Price/Sqft
$346
HOA
-
Days on market
-
Sold On
-
MLS number
SR25088056
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.40M(88th), sqft - 6920(88th), beds - undefined(50th), baths - undefined(50th).

High Cash-Flowing 4-Plex Near USC Med Campus | 2016 Build | 5 Beds & 3 Baths Townhome Units Quadruplex in Boyle Heights. An exceptional high cash-flow multifamily investment opportunity awaits at 2435 Lancaster Ave, located in the heart of Boyle Heights, one of Los Angeles’ oldest and most rapidly revitalizing neighborhoods. This rare 2016-built 4-plex offers spacious, well-maintained, townhouse-style units just minutes from the USC School of Medicine Campus, Los Angeles General Medical Center, Lincoln Park, public transit, and Downtown LA — making it a prime addition to any investment portfolio. The property consists of two separate duplexes totaling four units, each featuring 5 bedrooms and 3 bathrooms. Designed with privacy and functionality in mind, fully gated, every unit enjoys no one living above or below, with all four units individually metered for utilities. The clean, contemporary living spaces are perfect for families, students, or shared living arrangements, with a layout that ensures both comfort and convenience. This gated property includes ample on-site parking with eight total spaces — seven accessible from the rear alley and one parking spot in the front driveway. This thoughtful setup provides ease of access for tenants and adds to the desirability of the property. Currently, two of the four units are leased at $5,500 per month each, delivering immediate, strong cash flow. One unit is vacant and move-in ready, while the fourth is tenant-occupied but can be delivered vacant at closing, offering flexibility for both investors and owner-occupiers. With a reliable rental history and an unbeatable location near major medical and educational institutions, this property ensures consistent demand and excellent income potential. Whether you’re seeking a turnkey, high-yield investment, a 1031 exchange opportunity, or a chance to live on-site while offsetting your mortgage with rental income, 2435 Lancaster Ave is a smart, strategic acquisition in a fast-growing Eastside LA neighborhood.

Price History

Date
Event
Price
05/15/14
Sold
$224,000
Condition Rating
Excellent

Built in 2016, this property is only 8 years old, falling well within the 'Excellent' criteria for age. The listing describes 'well-maintained, townhouse-style units' with 'clean, contemporary living spaces.' Images confirm modern kitchens featuring stainless steel appliances, contemporary cabinetry, and solid surface countertops. Bathrooms are similarly updated with modern vanities, clean tiling, and current fixtures. Flooring consists of modern hard surfaces and well-kept carpeting. All visible components appear new or virtually new, reflecting minimal physical depreciation and no deferred maintenance.
Pros & Cons

Pros

Strong Cash Flow & Investment Potential: The property is explicitly marketed as a 'High Cash-Flowing 4-Plex' with two units already leased at $5,500 per month each, providing immediate and robust income for investors.
Modern Construction: Built in 2016, this relatively new construction offers modern amenities, reduced immediate maintenance concerns, and appeals to contemporary tenant preferences.
Strategic Location & Demand Drivers: Located minutes from USC School of Medicine Campus, Los Angeles General Medical Center, public transit, and Downtown LA, ensuring consistent high demand from students, medical professionals, and urban commuters.
Desirable Unit Configuration & Privacy: Each of the four units features a spacious 5-bedroom, 3-bathroom townhouse-style layout with no one living above or below, offering enhanced privacy and suitability for shared living arrangements.
Ample On-Site Parking & Individual Metering: The property includes eight dedicated on-site parking spaces, a significant advantage in a dense urban area, and all units are individually metered for utilities, simplifying management.

Cons

Neighborhood Perception & Revitalization Stage: While described as 'rapidly revitalizing,' Boyle Heights may still carry historical perceptions that could influence some potential tenant or investor pools, despite its current growth.
Specific Unit Layout (5-Bedrooms): The 5-bedroom per unit configuration, while ideal for group living or large families, might narrow the potential tenant demographic, potentially leading to longer vacancy periods if specific group sizes are not readily available.
Recent Price Reduction: The property has undergone a price reduction from its original list price of $2.55M to $2.395M, which could suggest initial overvaluation or market resistance.

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