RTI Opportunity – 17-Unit Apartment Building in Los Angeles Rare RTI (Ready-To-Issue) 17-unit multifamily opportunity located at 2427 E.
Houston Ave., Los Angeles, CA. This well-positioned investment property features 17 one-bedroom / one-bath units, offering a highly desirable and
rentable unit mix ideal for long-term cash flow. With RTI approvals in place, this asset presents a streamlined path to development, allowing
investors to move forward with confidence and minimize entitlement risk. One-bedroom units continue to show strong rental demand in the Los
Angeles market, supporting stable occupancy and future rent growth. Centrally located near major freeways, employment hubs, shopping, and
public transportation, the property benefits from excellent tenant appeal and accessibility. This is an ideal opportunity for investors seeking to add
units, increase density, and maximize returns in a high-demand rental market. Perfect for developers or investors looking to capitalize on Los
Angeles multifamily growth, value-add potential, and long-term appreciation
For sale
Listed by: Century 21 A Better Service • Chris Limon • Contact: 562-244-8211
$1,049,000
2427 Houston St, Los Angeles, CA 90033
17beds
17baths
11,934sqft
Mixed Use
Built in 1905
-- sqft lot
$-- Zestimate®
$88/sqft
$-- HOA
What's special
- 28 days
- 119
- 4
Zillow last checked:
Listing updated:
Listed by:
Chris Limon DRE #01182471 562-244-8211,
Century 21 A Better Service
Source: CRMLS,MLS#: DW26169332
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 17
- Bathrooms: 17
Rooms
- Room types: Bedroom, Kitchen, Laundry, Living Room, Other
Bedroom
- Features: Multi-Level Bedroom
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup
Features
- Multiple Staircases, Open Floorplan, Quartz Counters
- Flooring: Laminate, Tile
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 11,934
- Total interior livable area: 11,934 sqft
Property
Parking
- Parking features: None
Features
- Levels: Three Or More
- Stories: 3
- Entry location: front
- Exterior features: Rain Gutters
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City Lights, Panoramic
Lot
- Size: 7,003 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5177016018
- Zoning: 000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer, Sewer Tap Paid
- Water: See Remarks
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Urban
- Security: Carbon Monoxide Detector(s), Fire Detection System, Smoke Detector(s)
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $88/sqft
- Tax assessed value: $893,005
- Date on market: 8/4/2026
- Listing terms: Cash,Conventional,1031 Exchange
- Tenant pays: All Utilities
Estimated market value
Not available
Estimated sales range
Not available
$2,463/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Listed for sale | $1,049,000+27.2%$88/sqft |
Source:  CRMLS #DW26169332 Report a problem | ||
| 10/20/2021 | Sold | $825,000+520.3%$69/sqft |
Source: Public Record Report a problem | ||
| 5/24/2002 | Sold | $133,000$11/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $893,005 +2% |
| 2025 | $10,652 +1.1% | $875,496 +2% |
| 2024 | $10,539 +2% | $858,330 +2% |
| 2023 | $10,335 +4.9% | $841,500 +2% |
| 2022 | $9,852 +316.9% | $825,000 +354.6% |
| 2021 | $2,363 -0.8% | $181,498 +1% |
| 2020 | $2,383 | $179,638 +2% |
| 2019 | $2,383 +5.4% | $176,117 +2% |
| 2018 | $2,261 | $172,665 +2% |
| 2017 | $2,261 +2.2% | $169,280 +2% |
| 2016 | $2,212 +2.5% | $165,962 +1.5% |
| 2015 | $2,157 +0.6% | $163,470 +2% |
| 2014 | $2,144 | $160,269 +2.5% |
| 2012 | -- | $156,419 +2% |
| 2011 | -- | $153,353 +0.8% |
| 2010 | -- | $152,208 -0.2% |
| 2009 | -- | $152,571 +2% |
| 2008 | -- | $149,580 +2% |
| 2007 | -- | $146,648 +2% |
| 2006 | -- | $143,773 |
| 2005 | -- | $143,773 +4% |
| 2004 | -- | $138,192 +1.9% |
| 2003 | -- | $135,660 +0.9% |
| 2002 | -- | $134,500 +74.9% |
| 2000 | -- | $76,916 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Boyle Heights
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