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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
    : 
    $8,412/mo
    Get pre-qualified
    Multi Family
    Built in 1959
    -- sqft lot
    $1,274,700 Zestimate®
    $653/sqft
    $-- HOA

    What's special

    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.
    36 days
    52
    0

    Zillow last checked:

    Listing updated:

    Listed by:

    Luis Perales DRE #01720854 805-857-5339,

    Century 21 Masters

    Source: CRMLS,MLS#: V1-37991MLS LogoOriginating 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

        DateEventPrice
        9/2/2026Price change$1,299,900-13.3%$653/sqft
        Source: CRMLS #V1-37991 Report a problem
        8/4/2026Listed for sale$1,500,000$753/sqft
        Source: CRMLS #V1-37991 Report a problem

        Public tax history

        YearProperty taxesTax 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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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Boyle Heights

        Getting around

        88 / 100
        Very Walkable
        72 / 100
        Excellent Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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