423 E 31st St Los Angeles, CA 90011
Historic South Central NeighborhoodEstimated payment $11,457/month
About This Home
7.50% PRO FORMA-CAP RATE!!!!New construction income property located on E 31st St in the heart of Los Angeles. This modern multifamily asset offers strong rental income potential with thoughtfully designed units, contemporary finishes, and low-maintenance ownership. Conveniently located near Downtown LA, major freeways, public transportation, shopping, and dining. Excellent opportunity for investors seeking a turnkey asset with long-term upside in a high-demand rental market.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2026
Lot Details
- 4,907 Sq Ft Lot
- Lot Dimensions are 40x122
Interior Spaces
- 5,931 Sq Ft Home
- 3-Story Property
- Washer
Bedrooms and Bathrooms
- 15 Bedrooms
- 15 Bathrooms
Parking
- 2 Car Garage
- Carport
Utilities
- Central Heating and Cooling System
Community Details
- 2 Buildings
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 5128-006-036
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $6,031 | $494,700 | $377,400 | $117,300 |
| 2025 | $6,031 | $485,000 | $370,000 | $115,000 |
| 2024 | $2,136 | $156,513 | $104,555 | $51,958 |
| 2023 | $2,098 | $153,445 | $102,505 | $50,940 |
| 2022 | $2,006 | $150,438 | $100,496 | $49,942 |
| 2021 | $1,981 | $147,489 | $98,526 | $48,963 |
| 2019 | $1,926 | $143,115 | $95,604 | $47,511 |
| 2018 | $1,836 | $140,310 | $93,730 | $46,580 |
| 2016 | $1,751 | $134,864 | $90,092 | $44,772 |
| 2015 | $1,727 | $132,839 | $88,739 | $44,100 |
| 2014 | $1,741 | $130,238 | $87,001 | $43,237 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/24/2026 08/24/26 | Price Changed | $1,995,000 | 0.0% | $336 / Sq Ft | |
| 08/24/2026 08/24/26 | For Sale | $1,995,000 | -7.2% | $336 / Sq Ft | |
| 08/19/2026 08/19/26 | Off Market | $2,149,000 | -- | -- | |
| 08/11/2026 08/11/26 | Price Changed | $2,149,000 | +0.2% | $362 / Sq Ft | |
| 08/11/2026 08/11/26 | Price Changed | $2,145,000 | -2.3% | $362 / Sq Ft | |
| 06/18/2026 06/18/26 | For Sale | $2,195,000 | 0.0% | $370 / Sq Ft | |
| 06/12/2026 06/12/26 | Off Market | $2,195,000 | -- | -- | |
| 05/12/2026 05/12/26 | For Sale | $2,195,000 | +339.0% | $370 / Sq Ft | |
| 09/19/2024 09/19/24 | For Sale | $500,000 | +3.1% | $692 / Sq Ft | |
| 09/13/2024 09/13/24 | Sold | $485,000 | -- | $671 / Sq Ft | View Prior Sale |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $485,000 | First American Title Insurance | |
| Interfamily Deed Transfer | -- | California Counties Title Co | |
| Interfamily Deed Transfer | -- | California Counties Title Co | |
| Grant Deed | $100,000 | Commonwealth Land Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $196,000 | Unknown | |
| Previous Owner | $150,000 | Unknown | |
| Previous Owner | $3,000 | Unknown | |
| Previous Owner | $115,000 | Purchase Money Mortgage |
Source: The MLS
MLS Number: 26832865
APN: 5128-006-036
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© 2026 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.
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