3322 E 8th Street, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath
ACTIVE$899,000
3322 E 8th Street, Los Angeles, California 90023
0Bed
0Bath
3,019Sqft
5,052Lot
Year Built
1985
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$298
HOA
-
Days on market
-
Sold On
-
MLS number
DW25132159
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $899.0K(77th), sqft - 3019(85th), beds - undefined(50th), baths - undefined(50th).
this well-maintained fourplex in the heart of Boyle Heights offers a prime residential income opportunity. Ideally located near the 5, 10, 60, and 710 freeways, it provides quick access to Downtown Los Angeles—just a 5-minute drive away. Nearby schools include Christopher Dena Elementary, Stevenson Middle School, and Roosevelt High, all within a mile. With strong location appeal and long-term care, this property is perfect for investors seeking stable returns in a high-demand rental market.
Price History
Date
Event
Price
11/07/05
Sold
$600,000
Condition Rating
Fair
Built in 1985, this property is 39 years old. While described as 'well-maintained,' the images show significantly outdated kitchens and bathrooms with original or early 90s-style cabinets, laminate countertops, and dated tile. The flooring is a mix of older tiles, and light fixtures are basic and dated. The property is functional and appears to have received regular upkeep, but it has not undergone major renovations in decades, requiring minor to moderate updates to modernize its aesthetic and features.
Pros & Cons
Pros
Income-Generating Quadruplex: This property is a fourplex, explicitly marketed as a 'prime residential income opportunity' and 'perfect for investors seeking stable returns,' offering multiple revenue streams.
Exceptional Freeway Access: Strategically located near major freeways (5, 10, 60, and 710), providing superior connectivity throughout Los Angeles.
Proximity to Downtown Los Angeles: Offers quick access to Downtown Los Angeles, just a 5-minute drive away, which is highly desirable for commuters and urban amenities.
Well-Maintained Condition: Described as 'well-maintained' and having received 'long-term care,' suggesting reduced immediate capital expenditures for a new owner.
High-Demand Rental Market: Situated in a 'high-demand rental market,' indicating strong tenant interest and potential for stable occupancy and rent growth.
Cons
Lack of Financial & Unit Specifics: The description lacks crucial investor details such as current rental income, lease terms, unit configurations, or individual unit conditions, making a comprehensive financial assessment difficult without further inquiry.
Aging Infrastructure: Built in 1985, the property's core systems are approaching 40 years old, implying potential for significant capital expenditures for major replacements or upgrades in the foreseeable future, despite general maintenance.
Absence of Mentioned Parking/Amenities: The description does not specify parking availability or other common amenities (e.g., laundry facilities, private outdoor spaces), which are often key considerations for tenants and can impact rental value in a dense urban area like Los Angeles.