$1,950,000
$250K PRICE DROP

2435 Lancaster Ave Los Angeles, CA 90033

Estimated payment $11,863/month

Total Views 979
20 Beds
12 Baths
6,920 Sq Ft
$282 Price per Sq Ft

About This Home

2435 Lancaster Ave is a rare value-add fourplex located in the heart of Boyle Heights. Delivered vacant, the property offers immediate upside through renovations, owner-user occupancy, or market-rate leasing in a high-demand rental area. Built in 2016, the two-building, four-unit asset spans 6,920 square feet on an 8,227 SF lot and features separately metered gas and electric. Ideally positioned just east of Downtown LA, the property benefits from walkable access to Metro Gold Line stations, major freeways, and nearby employers such as the USC Medical Center and Arts District. Surrounded by vibrant culture, local amenities, and ongoing neighborhood revitalization, 2435 Lancaster presents a compelling opportunity for investors seeking both stability and growth.

Listing Agent

tony azzi

Tony Azzi License #00910513 Listed on: 08/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,093

Year Built

  • Built in 2016

Lot Details

  • 8,230 Sq Ft Lot

Parking

  • 8 Parking Spaces

Interior Spaces

  • 6,920 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 12 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 5202-014-010

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Vacancy Allowance $12,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,093

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Rare value-add fourplex delivered vacant in the heart of Boyle Heights. Built in 2016, this two-building, four-unit property offers immediate upside through renovations, owner-user occupancy, or market-rate leasing. The 6,920 SF asset sits on an 8,227 SF lot and features separately metered gas and electric. Located just east of Downtown LA, the property is within walking distance to Metro Gold Line stations, major bus routes, and close to the USC Medical Center, Arts District, and freeways. Surrounded by local amenities and ongoing neighborhood revitalization, 2435 Lancaster is a prime opportunity in a high-demand rental market.
  • Living Area: 6920
  • Lot Acreage: 0.1889
  • Year Built: 2016
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 20
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 281.79

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Total Parking: 8

Lot Info

  • Assessed Improvement Percent: 77.32
  • Assessed Improvement Value: 917543
  • Assessed Land Percent: 22.68
  • Assessed Land Value: 269205
  • Total Assessed Value: 1186748
  • Assessor Parcel Number: 5202-014-010
  • Lot Size Area: 8230

Rental Info

  • Total Actual Rent: 252000.00

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 7.74
  • Number Of Units: 4
  • Total Annual Expense: 74484
  • Type Of Units: Standard
  • Vacancy Allow: 12600
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $15,093 $1,210,482 $274,589 $935,893
2024 $15,093 $1,186,748 $269,205 $917,543
2023 $14,810 $1,163,479 $263,927 $899,552
2022 $14,138 $1,140,666 $258,752 $881,914
2021 $13,933 $1,118,301 $253,679 $864,622
2019 $13,525 $1,085,133 $246,155 $838,978
2018 $13,375 $1,063,857 $241,329 $822,528
2016 $7,204 $591,959 $231,959 $360,000
2015 $2,938 $228,475 $148,509 $79,966
2014 $620 $31,827 $17,576 $14,251
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 Price Changed $1,950,000 0.0% $282 / Sq Ft
08/04/2025 08/04/25 For Sale $1,950,000 -11.4% $282 / Sq Ft
07/25/2025 07/25/25 Off Market $2,200,000 -- --
07/23/2025 07/23/25 Price Changed $2,200,000 +12.8% $318 / Sq Ft
07/22/2025 07/22/25 Price Changed $1,950,000 -11.4% $282 / Sq Ft
06/13/2025 06/13/25 For Sale $2,200,000 +882.1% $318 / Sq Ft
06/13/2025 06/13/25 Pending -- -- --
05/16/2014 05/16/14 Sold $224,000 -4.7% $179 / Sq Ft
04/20/2014 04/20/14 Pending -- -- --
01/31/2014 01/31/14 For Sale $235,000 -- $188 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Accommodation
Grant Deed $224,000 Wfg Title Company Of Califor
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,046,500 Commercial
Source: Public Records

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Source: The MLS

MLS Number: 25552247

The MLS

APN: 5202-014-010