2437 Houston Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

2437 Houston Street, Los Angeles, California 90033 home-pic-0
ACTIVE$1,960,000
2437 Houston Street, Los Angeles, California 90033
0Bed
0Bath
7,004Sqft
7,004Lot
Year Built
1913
Close
-
List price
$1.96M
Original List price
$1.96M
Price/Sqft
$280
HOA
-
Days on market
-
Sold On
-
MLS number
PW25109397
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.96M(88th), sqft - 7004(88th), beds - undefined(50th), baths - undefined(50th).

Unit Configuration & Flex Rental Options: The property includes two spacious front-facing 3-bedroom, 2-bathroom units—each fully permitted for legal division into two 1-bedroom, 1-bathroom units. This provides the investor with dual options: rent them as large family-style residences or convert to four 1-bedroom units for increased total rental income. At the rear of the property are two newly remodeled 1-bedroom, 1-bathroom units that are vertically stacked. These rear units are well-separated from the front structure and feature private entries, high ceilings, and contemporary interiors that match the main units in quality and finish. Property Summary: 2437 Houston Street, an exquisitely remodeled four-unit investment property located in the heart of Boyle Heights. This modernized bungalow-style compound offers both strong income potential and unbeatable flexibility, highlighted by its unique flex-unit configuration that allows the front building’s two 3-bedroom/2-bath units to legally convert into four fully functional 1-bedroom/1-bath units. Whether you’re seeking maximum cash flow or long-term equity growth, this rare setup caters to multiple strategies and tenant demographics. Exterior Aesthetic & Livability: the exterior courtyard is finished with custom modern pavers, gated privacy fencing, and mature landscaping. The clean white stucco, updated dual-pane windows, and minimalist design give the property a polished, modern appeal while preserving its architectural charm. Although no off-street parking is included, the ample street parking and central location more than compensate. Modern Interiors & Design: Each unit is beautifully renovated, blending crisp contemporary finishes with timeless warmth. Step inside to find dark hardwood flooring, tall 9-foot ceilings, and open-concept layouts that allow natural light to pour in. Kitchens are outfitted with marble countertops, modern fixtures, and a full suite of appliances, including in-unit washer/dryer, dishwasher, range/oven, and refrigerator. Bathrooms boast elegant finishes with rainfall shower heads, floating vanities, and custom tile work for a sleek, spa-like experience. Every room is equipped with individual minisplit AC and heater systems, offering optimal climate control and energy efficiency.

Price History

Date
Event
Price
12/30/15
Sold
$532,500
05/19/06
Sold
$698,000
09/14/05
Sold
$586,000
Condition Rating
Excellent

Despite being built in 1913, this property has undergone an exquisite and extensive modern renovation. The description highlights 'crisp contemporary finishes,' 'dark hardwood flooring,' 'marble countertops,' 'modern fixtures,' 'full suite of appliances,' 'elegant finishes with rainfall shower heads, floating vanities, and custom tile work' in bathrooms, and 'individual minisplit AC and heater systems.' The provided images confirm a very clean, modern aesthetic with recessed lighting and updated surfaces. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'Excellent' condition score.
Pros & Cons

Pros

Flexible Unit Configuration: The property offers exceptional flexibility with two front units legally permitted for division, allowing conversion from two 3-bedroom units to four 1-bedroom units, maximizing rental income potential and adapting to market demand.
Extensive Modern Renovation: All units have been exquisitely remodeled with crisp contemporary finishes, including dark hardwood flooring, marble countertops, modern fixtures, and updated dual-pane windows, minimizing immediate capital expenditures for a new owner.
Premium Tenant Amenities: Each unit features individual mini-split AC/heater systems for optimal climate control and energy efficiency, along with a full suite of in-unit appliances (washer/dryer, dishwasher, range/oven, refrigerator), enhancing tenant appeal and reducing landlord utility burdens.
Strong Aesthetic Appeal: The property boasts a polished, modern exterior with clean white stucco, custom pavers, gated privacy fencing, and mature landscaping, creating an attractive and desirable living environment.
Strategic Investment Location: As a modernized quadruplex in the heart of Boyle Heights, Los Angeles, the property benefits from a central urban location, offering strong investment potential, consistent rental demand, and long-term appreciation prospects.

Cons

Lack of Off-Street Parking: The property does not include off-street parking, which can be a significant drawback for tenants in a dense urban area like Los Angeles, despite the mention of ample street parking.
Age of Original Structure: Despite extensive renovations, the property's original construction year of 1913 may present potential for unforeseen issues with underlying infrastructure (e.g., plumbing, electrical, foundation) not covered by cosmetic updates, or higher insurance costs.
Potential Conversion Costs: While the front units are legally permitted for division into smaller units, achieving the maximum 8-unit configuration would still require additional investment, construction, and time to physically convert the spaces.

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