2402 Malabar Street
Los Angeles, CA 90033
- – beds
- – baths
- – sqft
- 6,984 sqft lot
- 1941 build
- – on site
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PRICE REDUCED!!! FIRST TIME ON THE MARKET IN ALMOST 80 YEARS! We are proud to present 2402 Malabar Street—a true value-add investment opportunity in Boyle Heights with huge rental upside of over 80%! The building consists of four 2 bedroom / 1 bath units and four 1 bedroom / 1 bath units, and will be delivered with one 2 bedroom unit vacant. As a pride of ownership property, the well-maintained building on the corner of Soto St and Malabar St features upgraded electric main and sub panels. The detached garage spaces on the spacious ± 6,984 SF lot currently accommodate parking for 6 cars with the possibility to convert to ADUs for additional rental income. The units are separately metered for gas and electric and feature washer/dryer hookups in each unit. The unbeatable location is in close proximity to Downtown LA, the Arts District, and Lincoln Heights, and less than one mile from the USC Health Sciences Campus and USC Keck Hospital. The property is strategically situated in a strong rental submarket with the potential for further rental growth and property appreciation upon repositioning of the units.
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Last updated Feb 29, 2024
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MLS# SR23224165 —
The Building
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Year Built:1941
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:6944.00
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Building Area Units:Square Feet
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Total Number Of Units:8
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# of Buildings:1
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Stories Total:2
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:9
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# of Separate Water Meters:1
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# of Separate Electric Meters:9
Interior
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Entry Location:Malabar St
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Laundry:Gas Dryer Hookup, Washer Hookup
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Laundry:1
Location
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Directions:N Soto St & E Cesar E Chavez Ave
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Latitude:34.05005000
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Longitude:-118.20530700
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LAR3
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Lot Features:Lot 6500-9999, Paved
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Lot Size Area:6984.0000
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Lot Size Acres:0.1603
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Lot Size SqFt:6984.00
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:8
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Tax Census Tract:2037.20
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Tax Tract:203...
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Tax Lot:10
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5177022011
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Curbs, Sidewalks, Storm Drains, Street Lights
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:6.00
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Garage Spaces:6.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/28/24
Feb 28, 2024
|
Sold | CRMLS_CA | $1,250,000 | -12.3% |
|
2/9/24
Feb 9, 2024
|
Pending | CRMLS_CA | $1,425,000 | |
|
1/30/24
Jan 30, 2024
|
Price Changed | CRMLS_CA | $1,425,000 | -4.9% |
