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For sale
  • Listing Provided by: 

    Salar Farshchi Tabrizi DRE #02095885 919-702-6650,

    Equity Union,

    Demetra Kalivas-Rees DRE #01165518,

    Equity Union

    Price cut: $155K (5/16)
    $2,395,000

    2435 Lancaster Ave, Los Angeles, CA 90033

    20beds
    12baths
    6,920sqft
    : 
    Quadruplex
    Built in 2016
    -- sqft lot
    $2,516,500 Zestimate®
    $346/sqft
    $-- HOA

    What's special

    Ample on-site parkingSpacious well-maintained townhouse-style unitsClean contemporary living spaces
    High Cash-Flowing 4-Plex Near USC Med Campus | 2016 Build | 5 Beds & 3 Baths Townhome Units Quadruplex in Boyle Heights. An exceptional high cash-flow multifamily investment opportunity awaits at 2435 Lancaster Ave, located in the heart of Boyle Heights, one of Los Angeles’ oldest and most rapidly revitalizing neighborhoods. This rare 2016-built 4-plex offers spacious, well-maintained, townhouse-style units just minutes from the USC School of Medicine Campus, Los Angeles General Medical Center, Lincoln Park, public transit, and Downtown LA — making it a prime addition to any investment portfolio. The property consists of two separate duplexes totaling four units, each featuring 5 bedrooms and 3 bathrooms. Designed with privacy and functionality in mind, fully gated, every unit enjoys no one living above or below, with all four units individually metered for utilities. The clean, contemporary living spaces are perfect for families, students, or shared living arrangements, with a layout that ensures both comfort and convenience. This gated property includes ample on-site parking with eight total spaces — seven accessible from the rear alley and one parking spot in the front driveway. This thoughtful setup provides ease of access for tenants and adds to the desirability of the property. Currently, two of the four units are leased at $5,500 per month each, delivering immediate, strong cash flow. One unit is vacant and move-in ready, while the fourth is tenant-occupied but can be delivered vacant at closing, offering flexibility for both investors and owner-occupiers. With a reliable rental history and an unbeatable location near major medical and educational institutions, this property ensures consistent demand and excellent income potential. Whether you’re seeking a turnkey, high-yield investment, a 1031 exchange opportunity, or a chance to live on-site while offsetting your mortgage with rental income, 2435 Lancaster Ave is a smart, strategic acquisition in a fast-growing Eastside LA neighborhood.
    21 days
    on Zillow
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    101
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    Zillow last checked: 7 hours ago

    Listing updated: May 16, 2025 at 07:02am

    Listing Provided by:

    Salar Farshchi Tabrizi DRE #02095885 919-702-6650,

    Equity Union,

    Demetra Kalivas-Rees DRE #01165518,

    Equity Union

    Source: CRMLS,MLS#: SR25088056MLS LogoOriginating MLS: California Regional MLS
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 20
    • Bathrooms: 12
    Rooms
    • Room types: Kitchen, Living Room
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Gas Range, Gas Water Heater, No Hot Water, Refrigerator, Tankless Water Heater, Dryer, Washer, Dishwasher, Disposal, Range
    • Laundry: Laundry Room, Inside
    Features
    • Flooring: Laminate
    • Windows: Screens
    • Has basement: No
    • Has fireplace: No
    • Fireplace features: None
    • Furnished: Yes
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 6,920
    • Total interior livable area: 6,920 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Concrete, On Site, Private, Tandem Uncovered, Open
    • Uncovered spaces: 8
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Street
    • Exterior features: Rain Gutters
    • Pool features: None
    • Spa features: None
    • Fencing: Good Condition,Fenced
    • Has view: Yes
    • View description: None
    Lot
    • Size: 8,230 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 5202014010
    • Zoning: LARD2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Stucco
    • Foundation: Concrete Perimeter
    • Roof: Asphalt,Shingle
    Condition
    • Turnkey
    • New construction: No
    • Year built: 2016

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Sidewalks
    • Security: Smoke Detector(s)
    HOA
    • Has HOA: No
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $346/sqft
    • Tax assessed value: $1,186,748
    • Annual tax amount: $15,093
    • Date on market: 4/28/2025
    • Total actual rent: 239304
    • Tenant pays: None
    • Electric utility on property: Yes
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