Welcome to a rare opportunity to own a duplex in the heart of vibrant Boyle Heights. Situated on an expansive approximately 7,700-square-foot lot, this income-producing property offers nearly 2,000 square feet of living space with a combined total of 5 bedrooms and 2 bathrooms, making it ideal for investors, developers, owner-occupants, or multi-generational living.One of the property's most exciting features is its exceptional redevelopment potential. According to preliminary development information, the site may offer the opportunity to build 18 or more residential units (buyer to independently verify with the City of Los Angeles, zoning regulations, and all applicable development incentives). Whether you're looking to capitalize on existing rental income while planning a future project or move forward with redevelopment, this property presents a compelling opportunity in a high-demand location.Conveniently located just minutes from Downtown Los Angeles, USC Medical Center, major freeways, Metro stations, schools, parks, shopping, and popular local dining, this property combines prime accessibility with significant upside potential.Whether you're an investor seeking cash flow, a developer looking for your next project, or a buyer searching for a property with long-term appreciation potential, this property delivers a unique combination of location, income, and development possibilities. Opportunities like this are increasingly rare--don't miss your chance to unlock the full potential of this exceptional property.
For sale
Listed by: Century 21 Masters • Luis Perales • 805-857-5339
Price cut: $200.1K (9/2)
$1,299,900
2338 Sheridan St, Los Angeles, CA 90033
5beds
3baths
1,992sqft
Multi Family
Built in 1959
-- sqft lot
$1,274,700 Zestimate®
$653/sqft
$-- HOA
What's special
- 36 days
- 52
- 0
Zillow last checked:
Listing updated:
Listed by:
Luis Perales DRE #01720854 805-857-5339,
Century 21 Masters
Source: CRMLS,MLS#: V1-37991
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Wall Furnace
Cooling
- None
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,992
- Total interior livable area: 1,992 sqft
Property
Parking
- Total spaces: 2
- Parking features: Converted Garage
- Garage spaces: 2
Features
- Pool features: None
- Spa features: None
- Fencing: Wrought Iron
Lot
- Size: 7,752 Square Feet
- Features: Sprinklers None
Details
- Parcel number: 5175009015
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1959
Community & HOA
Community
- Features: Sidewalks
- Subdivision: Not Applicable
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $653/sqft
- Tax assessed value: $258,501
- Date on market: 8/4/2026
- Cumulative days on market: 36 days
- Listing terms: Cash,Cash to New Loan,Conventional,FHA
Estimated market value
$1,274,700
$1.21M - $1.34M
$3,621/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Price change | $1,299,900-13.3%$653/sqft |
Source: | ||
| 8/4/2026 | Listed for sale | $1,500,000$753/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $258,501 +2% |
| 2025 | $3,505 +1.7% | $253,433 +2% |
| 2024 | $3,447 +1.7% | $248,464 +2% |
| 2023 | $3,388 +4.5% | $243,593 +2% |
| 2022 | $3,243 +1.5% | $238,818 +2% |
| 2021 | $3,197 -0.8% | $234,137 +1% |
| 2020 | $3,222 | $231,737 +2% |
| 2019 | $3,222 +8.4% | $227,194 +2% |
| 2018 | $2,972 | $222,740 +2% |
| 2017 | $2,972 +2.1% | $218,374 +2% |
| 2016 | $2,910 +3% | $214,093 +1.5% |
| 2015 | $2,826 +0.5% | $210,878 +2% |
| 2014 | $2,811 | $206,749 +4.5% |
| 2011 | -- | $197,824 +0.8% |
| 2010 | -- | $196,347 -0.2% |
| 2009 | -- | $196,815 +2% |
| 2008 | -- | $192,957 +2% |
| 2007 | -- | $189,174 +2% |
| 2006 | -- | $185,466 |
| 2005 | -- | $185,466 +4% |
| 2004 | -- | $178,266 +1.9% |
| 2003 | -- | $175,000 -21% |
| 2002 | -- | $221,442 +4% |
| 2000 | -- | $212,845 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Boyle Heights
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