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2718 Malabar, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

2718 Malabar, Los Angeles, California 90033 home-pic-0
ACTIVE$1,199,000
2718 Malabar, Los Angeles, California 90033
0Bed
0Bath
3,100Sqft
5,849Lot
Year Built
1924
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$387
HOA
-
Days on market
-
Sold On
-
MLS number
DW25243922
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(75th), sqft - 3100(75th), beds - undefined(50th), baths - undefined(50th).

Beautifully maintained Spanish-style fourplex in the heart of Boyle Heights! This 3,100 sq ft property sits on a 5,849 sq ft lot and features 8 bedrooms and 4 bathrooms across four spacious units — one 3 bed / 1 bath, two 2 bed / 1 bath, and one brand-new 1 bed / 1 bath construction ready for immediate occupancy. Perfect opportunity for an owner-occupant to live in the new unit while collecting rent from the others, or for an investor seeking strong cash flow in a high-demand area. Spanish character details blend with modern upgrades, offering charm and functionality. Conveniently located minutes from Downtown LA, Arts District, USC Medical Center, Metro Gold Line, and major freeways (10 / 5 / 60). Don’t miss this chance to own a rare income-producing property in one of LA’s most vibrant and evolving neighborhoods! Please text listing agent for showing instructions. Buyer and agent to verify all information including square footage, unit count, and permits.

Price History

Date
Event
Price
10/20/25
Listing
$1,199,000
10/16/24
Sold
$650,000
Condition Rating
Good
While the property was built in 1924, the listing explicitly states and images confirm the presence of a 'brand-new 1 bed / 1 bath construction' unit. This new unit features an excellent, modern kitchen with new cabinets, stainless steel appliances, and contemporary finishes, along with a fully updated, stylish bathroom. The other units, though older as evidenced by their kitchens (older appliances, laminate countertops, vinyl flooring) and bathrooms (older fixtures, tiled showers), appear to be well-maintained and functional, fitting the 'fair' category. The significant addition of a brand-new unit elevates the overall property condition to 'good,' making it move-in ready with a blend of modern and well-kept older components, without requiring immediate major renovations across all units.
Pros & Cons

Pros

Strong Income Potential: As a fourplex with one brand-new unit ready for occupancy and three existing units, this property offers significant income-generating potential for investors or an owner-occupant seeking to offset mortgage costs.
Owner-Occupant Opportunity: The inclusion of a brand-new 1 bed / 1 bath unit allows an owner-occupant to live in a modern space while collecting rent from the other three units, providing a unique blend of homeownership and investment.
Prime Urban Location: Strategically located in Boyle Heights, minutes from Downtown LA, Arts District, USC Medical Center, Metro Gold Line, and major freeways, ensuring high tenant demand and potential for property value appreciation.
Historic Charm with Modernity: The property boasts Spanish character details from its 1924 build, blended with modern upgrades, offering aesthetic appeal and functional living spaces that attract a diverse tenant base.
Diverse Unit Mix: Featuring a mix of unit sizes (one 3 bed/1 bath, two 2 bed/1 bath, one 1 bed/1 bath), the property caters to a wider range of potential tenants, enhancing occupancy rates and rental income stability.

Cons

Age-Related Maintenance Concerns: Built in 1924, despite 'modern upgrades,' the property's age suggests potential for ongoing maintenance needs or future capital expenditures related to original infrastructure (e.g., plumbing, electrical, roof) in the older units.
Lack of Dedicated Parking: The property description does not mention dedicated parking, which can be a significant drawback for tenants and owner-occupants in a dense urban area like Boyle Heights, potentially impacting tenant desirability.
Unspecified Extent of Upgrades: While 'modern upgrades' are mentioned, the description lacks specific details on which systems or units (beyond the new construction) have been updated, leaving uncertainty about the overall condition and remaining lifespan of key components in the older units.

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