2503 Cincinnati, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$1,299,000
2503 Cincinnati, Los Angeles, California 90033
0Bed
0Bath
6,548Sqft
7,004Lot
Year Built
1911
Close
-
List price
$1.3M
Original List price
$1.35M
Price/Sqft
$198
HOA
-
Days on market
-
Sold On
-
MLS number
CV25242076
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.30M(50th), sqft - 6548(50th), beds - undefined(50th), baths - undefined(50th).
Great property, 5 separate units with tons of potential! 4 units are residential units- all 3 bedrooms, 2 bath units. The 5th unit is a commercial space, currently being used as a Zumba and smoothie shop. One residential unit is vacant and recently renovated, perfect opportunity to get a high paying tenant in. All units have a backyard space, parking space, laundry and their own utility meters. This property has great potential for developers, easy access to freeways, close to downtown. Check it out today!
Price History
Date
Event
Price
11/25/25
Price Change
$1,299,000-3.7%
10/20/25
Listing
$1,349,000
Condition Rating
Fair
The property was built in 1911, making it over a century old. While the listing states one residential unit is 'recently renovated,' the images reveal a mix of updates. The kitchen in the renovated unit features modern white shaker cabinets and laminate flooring, but no appliances are visible. The bathroom in the same unit, however, has a dated blue geometric tile pattern around the tub, suggesting a renovation from 15-30 years ago rather than a truly 'recent' one. The general tile flooring in other rooms also appears older. The condition of the other four units is unspecified, implying they are likely in an older, unrenovated state consistent with the property's age. The property is functional but shows significant signs of age and outdated features across its multiple units, requiring substantial updates for the majority of the property to meet modern standards, aligning with the 'Fair' category.
Pros & Cons
Pros
Diversified Income Stream: The property features 5 separate units (4 residential, 1 commercial), offering a robust and diversified income portfolio with both residential and commercial revenue streams.
Immediate Value-Add Opportunity: One residential unit is vacant and recently renovated, providing an immediate opportunity to secure a high-paying tenant at market rates and boost overall rental income.
Strong Tenant Amenities & Management: Each unit includes desirable amenities such as backyard space, dedicated parking, laundry facilities, and individual utility meters, enhancing tenant appeal and simplifying landlord responsibilities.
Developer Potential: Explicitly noted as having 'great potential for developers,' suggesting opportunities for redevelopment, expansion, or maximizing land use, appealing to a specific investor segment.
Prime Location & Accessibility: The property boasts easy access to major freeways and is conveniently located close to downtown Los Angeles, enhancing its desirability and long-term appreciation potential.
Cons
Property Age: Built in 1911, the property is over a century old, which may imply higher maintenance costs, outdated systems, and potential for significant capital expenditures for repairs or upgrades.
Recent Price Reduction: The property has undergone a recent price reduction from its original listing, which could indicate initial overpricing or challenges in attracting buyer interest at the previous price point.
Unspecified Renovation Status: While one residential unit is recently renovated, the renovation status of the other four units is not specified, suggesting they may require substantial updates to maximize rental income and tenant satisfaction.