3155 E 8th Street, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath
ACTIVE$590,000
3155 E 8th Street, Los Angeles, California 90023
0Bed
0Bath
2,018Sqft
5,096Lot
Year Built
1961
Close
-
List price
$590K
Original List price
$590K
Price/Sqft
$292
HOA
-
Days on market
-
Sold On
-
MLS number
IV25201231
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $590.0K(31th), sqft - 2018(62th), beds - undefined(50th), baths - undefined(50th).
Seize this rare chance to own a lucrative 4-plex near Boyle Heights. This property consists of 4 1 bedroom/1 bathroom units. Units have been recently renovated on the inside. Convenience is key, with four parking spaces and a short distance to Downtown Los Angeles. Ideal for first-time investors, this property is a "starter pack". Additionally, its proximity to USC and Crypto.com Arena adds to its allure. Don't miss out on this opportunity in a prime location!
Price History
Date
Event
Price
09/07/25
Listing
$590,000
Condition Rating
Good
The property, built in 1961, is explicitly stated to have 'recently renovated' interior units. This suggests updated kitchens, bathrooms, and flooring, making the units move-in ready for tenants. While the exterior appears dated and utilitarian, it shows signs of maintenance, such as fresh paint. The lack of interior images prevents a higher 'Excellent' score, as the quality and extent of the renovations cannot be visually confirmed. However, the description implies the property is functional and ready for occupancy, aligning with the 'Good' condition criteria.
Pros & Cons
Pros
Strong Income Potential: As a quadruplex (4-plex), this property is explicitly marketed as 'lucrative' and is a dedicated residential income asset, offering significant rental revenue opportunities.
Strategic Urban Location: Its proximity to Downtown Los Angeles, USC, and Crypto.com Arena ensures high rental demand from students, professionals, and event-goers, bolstering occupancy and potential for appreciation.
Recent Interior Renovations: Units have been recently renovated on the inside, reducing immediate capital expenditure for a new owner and making the units more attractive to prospective tenants.
Valuable Dedicated Parking: The inclusion of four parking spaces is a significant advantage in a dense urban area like Los Angeles, enhancing tenant convenience and adding considerable value to the property.
Ideal for Entry-Level Investors: Positioned as an 'ideal' and 'starter pack' investment for first-time investors, suggesting a relatively straightforward entry into multi-family property ownership.
Cons
Age of Building & Potential Deferred Maintenance: Built in 1961, the property's core infrastructure (e.g., roof, plumbing, electrical, exterior) may be original or aging, potentially leading to significant future capital expenditures despite recent interior renovations.
Limited Unit Diversity: All four units are configured as 1 bedroom/1 bathroom, which restricts the potential tenant demographic and might limit rental income growth compared to properties with varied unit sizes.
Small Unit Footprint: With a total of 2018 sqft across four units, each unit averages approximately 504 sqft, which is relatively small and could impact tenant appeal or long-term rent ceiling for some renters.