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2402 Malabar Street, Los Angeles, CA 90033
$1,250,000
2402 Malabar Street, Los Angeles, CA 90033View this property at 2402 Malabar Street, Los Angeles, CA 90033
2402 Malabar StreetLos AngelesCA90033
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Property Description
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.
Full Property Details
Full Property Details for 2402 Malabar St
General
- Sold For: $1,250,000
- Status: Closed
- Type: Multi-Family
- MLS ID: SR23224165
- Added to Site: 181 day(s) ago
Rooms
Other Rooms
- Laundry: Gas Dryer Hookup, Washer Hookup
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 6
Location
- Area: BOYH - Boyle Heights
- County: Los Angeles
- Development Name: BOYH - Boyle Heights
- Driving Directions: N Soto St & E Cesar E Chavez Ave
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 9
- # Electric Meters: 9
Structural Information
- Entry Location: Malabar St
- Square Feet: 6,944
- Year Built: 1941
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 8
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1603
- Lot Size Source: Assessor
- Zoning: LAR3
- Lot Description: Lot 6500-9999, Paved
Financial Considerations
- Price Per Sq. Ft.: $180.01
- Price Per Unit: 178125
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed and Sold by Equity Union, Anie Mayelian and Equity Union, Aleen Mayelian
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Schools
Schools serving 2402 Malabar St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
416 Cornwell St, Los Angeles, CA 90033 | K-6 | 0.1 mi | |
2510 E 6th St, Los Angeles, CA 90023 | 6-8 | 1 mi | |
456 S Mathews St, Los Angeles, CA 90033 | 9-12 | 0.8 mi | |
1200 Plaza Del Sol St, Los Angeles, CA 90033 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2402 Malabar St
Date
Details
Price
Change
Source
2/28/2024
Sold
$1,250,000
-12.28%
MLS
1/30/2024
Price Reduced
$1,425,000
-4.94%
MLS
12/11/2023
Listed
$1,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2402 Malabar Street, Los Angeles, CA 90033 (MLS# SR23224165) is a Multi-Family property that was sold at $1,250,000 on February 28, 2024. Want to learn more about 2402 Malabar Street? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.