Great investment opportunity in Boyle Heights, can be great for an owner-user or a developer. The property is zoned R3, with endless opportunities to build multi-units. The largest unit, approx. 1100 sq.ft. is vacant and has a large living room, kitchen with granite countertops, a laundry area, 3/4 bath, with a large bedroom with an attached full bathroom. Perfect opportunity to live in the property and rent out the other units. Additional units are both 1 bed, 3/4 bath, approx. 700 sq.ft. and are tenant occupied but can be delivered vacant. The property is gated and secured. Alley access provides parking for multiple cars on a concrete pad. It needs a little TLC to get maximum rents, but the prime option is to build 4 brand new units as they did right next door. This property is located in a Tier 3 TOC. Great opportunity in the heart of Boyle Heights! Close to freeways, the metro station, shops, and a bike ride away to the Arts District in DTLA.
Sold for $780,500
Listed by: Coldwell Banker Residential • Will Kaliel • Contact: 626-445-5500
Bought with: Coldwell Banker Residential
$780,500
2440 Cincinnati St, Los Angeles, CA 90033
3beds
4baths
1,774sqft
Triplex
Built in 1905
-- sqft lot
$835,700 Zestimate®
$440/sqft
$3,366 Estimated rent
Home value
$835,700
$769,000 - $903,000
$3,366/mo
Zestimate® history
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Large bedroomMetro stationClose to freewaysGranite countertopsLaundry area
Zillow last checked:
Listing updated:
Listed by:
Will Kaliel DRE #01720864 626-445-5500,
Coldwell Banker Residential
Bought with:
Will Kaliel, DRE #01720864
Coldwell Banker Residential
Source: CRMLS,MLS#: PF23145458
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
Appliances
- Laundry: In Kitchen
Features
- Flooring: Tile, Wood
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 1,774
- Total interior livable area: 1,774 sqft
Property
Parking
- Parking features: Concrete
Features
- Levels: One
- Stories: 1
- Entry location: south facing
- Pool features: None
Lot
- Size: 7,000 Square Feet
- Features: Back Yard, Front Yard, Walkstreet, Yard
Details
- Parcel number: 5177034005
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $440/sqft
- Tax assessed value: $796,110
- Annual tax amount: $9,875
- Date on market: 8/7/2023
- Cumulative days on market: 20 days
- Listing terms: Cash,Cash to Existing Loan,Conventional,1031 Exchange,FHA 203(b),FHA 203(k),FHA
Price history
| Date | Event | Price |
|---|---|---|
| 10/18/2023 | Sold | $780,500-1%$440/sqft |
Source:  CRMLS #PF23145458 Report a problem | ||
| 8/11/2023 | Contingent | $788,000$444/sqft |
Source: CRMLS #PF23145458 Report a problem | ||
| 8/7/2023 | Listed for sale | $788,000$444/sqft |
Source: CRMLS #PF23145458 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,875 +1.3% | $796,110 +2% |
| 2024 | $9,752 +354.8% | $780,500 +433.2% |
| 2023 | $2,144 +4.3% | $146,385 +2% |
| 2022 | $2,055 +1.6% | $143,516 +2% |
| 2021 | $2,022 -0.7% | $140,703 +1% |
| 2020 | $2,037 | $139,261 +2% |
| 2019 | $2,037 -81.4% | $136,531 -69.8% |
| 2018 | $10,923 -25.8% | $451,860 +2% |
| 2017 | $14,726 +165.9% | $443,000 +244.3% |
| 2016 | $5,539 +230.3% | $128,659 +1.5% |
| 2015 | $1,677 +0.3% | $126,728 +2% |
| 2014 | $1,672 | $124,246 +2.5% |
| 2012 | -- | $121,262 +2% |
| 2011 | -- | $118,885 +0.8% |
| 2010 | -- | $117,997 -0.2% |
| 2009 | -- | $118,278 +2% |
| 2008 | -- | $115,959 +2% |
| 2007 | -- | $113,686 +2% |
| 2006 | -- | $111,458 |
| 2005 | -- | $111,458 +4% |
| 2004 | -- | $107,132 +1.9% |
| 2003 | -- | $105,169 +2% |
| 2002 | -- | $103,108 +4% |
| 2000 | -- | $99,106 |
Find assessor info on the county website
Neighborhood: Boyle Heights
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Nearby schools
GreatSchools rating
- 5/10Sheridan Street Elementary SchoolGrades: K-6Distance: 0.2 mi
- 6/10Hollenbeck Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Theodore Roosevelt Senior HighGrades: 9-12Distance: 0.6 mi
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Estimated market value
$835,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$835,700
- California
- Los Angeles County
- Los Angeles
- 90033
- Boyle Heights
- 2440 Cincinnati St
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