834 E 33rd Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$875,000
834 E 33rd Street, Los Angeles, California 90011
0Bed
0Bath
2,085Sqft
5,269Lot
Year Built
1908
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
SR25241079
Home ConditionExcellent
Features
View-
About this home
$85,452 income per year/ $7121 per month fully occupied (Pro form is $3986 for the 3 bedroom)!!! Live in the VACANT 3 bedroom 2 bath unit or rent both out and enjoy a positive cash flow from day one on FULLY REMODELED units and a great high end paying great SECTION 8 TENANTS!!!! 3/2 bedroom is VACANT while the 2 bedroom 1 bath unit is occupied by a longterm and fantastic section 8 tenant who pays $3225/ month and this rent will continue as long as they live there and the owner may increase it 3% every year. Tenants are due for a rent increase! The property has a HUGE BACK YARD- 6-8 parkings spots and room for a 2 story ADU to add extra future value (SEE PICS OF THE NEIGBORS ADU NEXT DOOR). Subject property is in a great a FANTASTIC condition, in the most desirable location in this area, and on a great street with many updated and custom made homes. No to mention, great section 8 rental income and tenants and easy to rent the 3 bedroom as well. Seller decided to leave it vacant just in case a buyer want to obtain an FHA loan or wants to live in it themselves, So SUBMIT YOUR OFFER TODAY and make this your dream home!
Nearby schools
4/10
Quincy Jones Elementary School
Public,•K-5•0.1mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.3mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.4mi
3/10
Trinity Street Elementary School
Public,•K-5•0.5mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.5mi
/10
Maple Primary Center
Public,•K-1•0.5mi
2/10
Harmony Elementary School
Public,•K-5•0.5mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.5mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.9mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.9mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.9mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.1mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.1mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.3mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.7mi
4/10
Norwood Street Elementary School
Public,•K-5•1.7mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.8mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.0mi
2/10
John W. Mack Elementary School
Public,•K-5•2.0mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.8mi
3/10
George Washington Carver Middle School
Public,•6-8•0.8mi
4/10
John Adams Middle School
Public,•6-8•0.8mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.8mi
2/10
John Muir Middle School
Public,•6-8•2.6mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.7mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.7mi
5/10
Santee Education Complex
Public,•9-12•1.0mi
3/10
Manual Arts Senior High School
Public,•9-12•1.8mi
4/10
West Adams Preparatory High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
10/16/25
Listing
$875,000
11/06/23
Sold
$551,500
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (24 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,085 | 1,988 | 56% |
| Lot Size | 5,269 | 5,363 | 44% |
| Price | $875K | $710K | 80% |
| Price per square foot | $420 | $349 | 64% |
| Built year | 1908 | 1922 | 28% |
| HOA | |||
| Days on market | 20 | 167 | 4% |
Condition Rating
Excellent
Despite being built in 1908, the listing explicitly states the units are 'FULLY REMODELED' and in 'FANTASTIC condition.' The provided images support this, particularly the bathroom which features a modern vanity, new tub/shower combo, and contemporary fixtures, indicating a very recent and extensive renovation. The bedroom also appears freshly painted with new flooring. While kitchen images are not provided, the 'fully remodeled' description suggests it would also meet current quality standards. This aligns with the 'excellent' criteria for properties extensively renovated within 5 years, with virtually new components.
Pros & Cons
Pros
Strong Cash Flow & Income: The property boasts a projected annual income of $85,452 ($7,121/month) when fully occupied, promising positive cash flow from day one, supported by a long-term Section 8 tenant paying $3,225/month with annual increases.
Fully Remodeled Units: Both units are described as 'FULLY REMODELED,' suggesting modern interiors and reduced immediate maintenance needs for a new owner.
ADU Potential & Large Lot: A 'HUGE BACK YARD' with 6-8 parking spots and room for a 2-story ADU offers significant future value-add potential and increased income opportunities.
Vacant Unit for Flexibility: The 3-bedroom, 2-bath unit is vacant, providing flexibility for a buyer to either live in it (potentially utilizing an FHA loan) or rent it out immediately at market rates.
Stable Section 8 Tenancy: One unit is occupied by a 'longterm and fantastic section 8 tenant' with guaranteed rent and annual 3% increases, ensuring a reliable income stream.
Cons
Property Age: Built in 1908, the property's age, despite renovations, could imply potential underlying infrastructure issues (plumbing, electrical, foundation) that may require future attention.
Reliance on Section 8 Income: While stable, a significant portion of the current income is from a Section 8 tenant, which some investors might view as a potential risk due to program changes or specific tenant management requirements.
Pro Forma Income for Vacant Unit: The stated 'fully occupied' income relies on a pro forma of $3,986 for the currently vacant 3-bedroom unit, which may not be immediately achievable or sustainable depending on market conditions and tenant acquisition.