Los Angeles, CA 90003 233 W Century Boulevard

233 W Century Boulevard Los Angeles, CA - Image 1233 W Century Boulevard Los Angeles, CA - Image 2233 W Century Boulevard Los Angeles, CA - Image 3
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Presented By: Vivian Chaing with Property Concierge;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25498713
  • 02/14/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Baths • 4
  • SQFT • 3,224

Home Details

Amazing opportunity to acquire a well maintained four-unit building in South Los Angeles with significant upside in rents and additional value-add potential to add ADU's (buyer to verify). All four units are bread-and-butter two-bed, one-bath units. With long-term below-market rents and nearly 50% in upside to market potential (accessible in event of vacancy), this property presents a tremendous opportunity to reposition the building into better cash-flow and equity almost right away. With proximity to draws such as SoFi Stadium, and central to economic hubs in Downtown Los Angeles, Silicon Beach, and the South Bay, with all of Southern California accessible via nearby 110, 405, and 105 freeways, this Property presents an in-demand location that will command increasing rents for the foreseeable future. Additionally, this two-story building leaves much of the 4,419sf lot to parking, which can potentially be repurposed pursuant to SB1211 to maximize the income potential for a greater return on investment.
Presented By: Vivian Chaing with Property Concierge;

Interior Features for 233 W Century Boulevard

Bedrooms

Total Bedrooms8

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths4

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories

General for 233 W Century Boulevard

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsEast of Broadway (110); West of Main St.
DisclosuresRentControl
Electric On Property Y/NNo
Facing DirectionSouth
Full Baths
Garage Y/NNo
Gross Income45456.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet4419.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income18416.64
New ConstructionNo
Number Of Units Total4
Occupancy TypeTenant
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Waterfront Y/NNo
Year Built1961
ZoningLAR2

Exterior for 233 W Century Boulevard

Building Area Total3224.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1014
Lot Size Area4419.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, SideBySide, Uncovered
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $975,000
MLS#25498713
List Date 02/14/2025
Property Type Multi-Family
Phone 714.742.6515
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