1328 Constance St Los Angeles, CA 90015
Pico-Union NeighborhoodEstimated payment $6,118/month
Highlights
- Craftsman Architecture
- Balcony
- 4-minute walk to Alvarado Terrace Park
- Living Room with Fireplace
- Front Porch
About This Home
Prime 4-Unit Investment Property Near Downtown LA. Don't miss this incredible income-generating opportunity in a high-demand rental market! This two-story, four-unit building features spacious 1-bedroom, 1-bathroom units, totaling 4,750 sq. ft. on a 7,310 sq. ft. lot. Prime Location! Close to Live LA Life, top restaurants, the Los Angeles Convention Center, Crypto Arena, Fashion District, and the University of Southern California (USC). Easy access to Downtown Los Angeles, freeways, public transportation, and entertainment. Unit #1328 recently upgraded (2024) New floors, cabinets, paint, appliances, and a fully remodeled bathroom. The other three units may need some upgrades. Plenty of space to build up to 2 additional ADUs at the back of the building (buyer to verify with the City of LA). Fully tenant-occupied steady rental income! Drive-by only please respect tenant privacy. All offers subject to interior inspection. Property is being sold in AS-IS condition, without any guarantees or warranties, expressed or implied. A fantastic opportunity for investors looking to add a high-performing rental property to their portfolio. Do not disturb occupants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,364
Year Built
- Built in 1918
Lot Details
- 7,310 Sq Ft Lot
Parking
- 1 Parking Space
Home Design
- Craftsman Architecture
- Flat Roof Shape
- Shingle Roof
- Composition Roof
- Stucco
Interior Spaces
- 4,750 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Laminate Flooring
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Outdoor Features
- Balcony
- Front Porch
Utilities
- Heating System Mounted To A Wall or Window
- Water Heater
- Sewer in Street
Community Details
- 4 Units
- Rent Control
Listing and Financial Details
- The owner pays for water, gardener
- Assessor Parcel Number 5135-021-007
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,364 | $395,648 | $376,811 | $18,837 |
| 2024 | $5,364 | $387,891 | $369,423 | $18,468 |
| 2023 | $5,276 | $380,286 | $362,180 | $18,106 |
| 2022 | $5,055 | $372,830 | $355,079 | $17,751 |
| 2021 | $4,967 | $365,520 | $348,117 | $17,403 |
| 2019 | $4,831 | $355,121 | $337,793 | $17,328 |
| 2018 | $4,675 | $348,167 | $331,170 | $16,997 |
| 2016 | $4,429 | $334,226 | $318,311 | $15,915 |
| 2015 | $4,369 | $329,206 | $313,530 | $15,676 |
| 2014 | $4,412 | $322,758 | $307,389 | $15,369 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Price Changed | $1,049,000 | -2.0% | $221 / Sq Ft |
| 06/25/2025 06/25/25 | Price Changed | $1,070,000 | -2.7% | $225 / Sq Ft |
| 05/30/2025 05/30/25 | For Sale | $1,100,000 | 0.0% | $232 / Sq Ft |
| 05/17/2025 05/17/25 | Off Market | $1,100,000 | -- | -- |
| 04/11/2025 04/11/25 | For Sale | $1,100,000 | 0.0% | $232 / Sq Ft |
| 03/12/2025 03/12/25 | Off Market | $1,100,000 | -- | -- |
| 01/29/2025 01/29/25 | For Sale | $1,100,000 | +249.2% | $232 / Sq Ft |
| 04/13/2012 04/13/12 | Sold | $315,000 | -11.3% | $66 / Sq Ft |
| 10/19/2011 10/19/11 | Pending | -- | -- | -- |
| 06/16/2011 06/16/11 | For Sale | $355,000 | -- | $75 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | California Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | California Title Company | |
| Grant Deed | $315,000 | California Title Company | |
| Grant Deed | $310,000 | Commonwealth Land Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $236,250 | New Conventional | |
| Previous Owner | $645,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $444,000 | Unknown | |
| Previous Owner | $296,100 | No Value Available |
Source: The MLS
MLS Number: 25491385
APN: 5135-021-007
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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