Est. cap rate

3.1%

Assumed rent, all units

$7,280/mo

Units

4

Price per unit

$349,750

Est. annual NOI

$43,680

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

6

Building size

2,984 sqft

Lot size

7,004 sqft

Year built

1913

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

238

MLS #

241522529

About this property

This property is part of a portfolio that is available for purchase via online auction at FRE.com/580W. Please visit to learn more. Welcome to 2437 Houston Street, an exquisitely remodeled four-unit investment property located in the heart of Boyle Heights. This modernized bungalow-style compound offers both strong income potential and unbeatable flexibility, highlighted by its unique flex-unit configuration that allows the front building's two 3-bedroom/2-bath units to legally convert into four fully functional 1-bedroom/1-bath units. Whether you're seeking maximum cash flow or long-term equity growth, this rare setup caters to multiple strategies and tenant demographics. Exterior Aesthetic & Livability The exterior courtyard is finished with custom modern pavers, gated privacy fencing, and mature landscaping. The clean white stucco, updated dual-pane windows, and minimalist design give the property a polished, modern appeal while preserving its architectural charm. Although no off-street parking is included, the ample street parking and central location more than compensate. Modern Interiors & Design Each unit is beautifully renovated, blending crisp contemporary finishes with timeless warmth. Step inside to find dark hardwood flooring, tall 9-foot ceilings, and open-concept layouts that allow natural light to pour in. Kitchens are outfitted with marble countertops, modern fixtures, and a full suite of appliances, including in-unit washer/dryer, dishwasher, range/oven, and refrigerator. Bathrooms boast elegant finishes with rainfall shower heads, floating vanities, and custom tile work for a sleek, spa-like experience. Every room is equipped with individual mini-split AC and heater systems,

Location

2437 Houston

Los Angeles, Los Angeles, CA, 90033