$2,095,000
NEW CONSTRUCTION $100K PRICE DROP

Estimated payment $11,716/month

Total Views 699
16 Beds
14 Baths
5,722 Sq Ft
$366 Price per Sq Ft

Highlights

  • New Construction
  • Open Floorplan
  • Neighborhood Views
  • No Units Above
  • Modern Architecture
  • Living Room

About This Home

835 E 33rd St is a brand-new construction 4-unit townhome community in the heart of South Los Angeles, just minutes from USC, Exposition Park, and Downtown Los Angeles. Comprised entirely of spacious townhome-style units with a mix of two- and three-level layouts, the property offers strong in-place income with additional upside, projecting a 6.35% pro forma cap rate and 12.70 pro forma GRM. This vacant asset is ideal for an investor seeking a lease-up opportunity with modern construction, clean operating characteristics, and no deferred maintenance. The location places tenants near one of LA’s strongest demand corridors, with convenient access to the University of Southern California, Exposition Park’s museums and attractions, BMO Stadium, the LA Memorial Coliseum, and the Metro Expo Park/USC station for easy connectivity throughout the city. Each unit features brand-new finishes and appliances, open-concept floor plans, and the highly desirable townhome layout that gives residents a more private, single-family-home feel. With approximately 5,722 square feet of building area, the property includes four large residences and six total parking spaces, making it a compelling offering for investors targeting newer construction product in a centrally located rental market. Positioned near the 10 and 110 Freeways and just south of Downtown, 835 E 33rd St offers tenants convenient access to major employment centers, entertainment, dining, and public transit, supporting long-term rental demand in this evolving submarket.

Listing Agent

Cheyenne Womack

Myunits.com Inc. Brokerage Phone: 805-973-7470 License #02064825 Listed on: 04/07/2026

Co-Listing Agent

Lauren Cearley

Myunits.com Inc. Brokerage Phone: 805-973-7470 License #02146823

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2026 | New Construction

Lot Details

  • 5,275 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Fenced
  • New Fence
  • Landscaped
  • Level Lot

Home Design

  • Modern Architecture
  • Quadruplex
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 5,722 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Living Room
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 14 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 120
  • Assessor Parcel Number 5120027023

Community Details

Overview

  • 2 Buildings
  • 4 Units

Recreation

  • Bike Trail

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Water Meters
  • Electric Expense $1,000
  • Gardener Expense $1,200
  • Insurance Expense $3,433
  • Maintenance Expense $2,400
  • New Taxes Expense $24,876
  • Operating Expense $32,909
  • Gross Income $172,800
  • Net Operating Income $132,979

Property Details

Home Type

Multi-Family

Year Built

Built in 2026 | New Construction

Lot Details

5,275 Sq Ft Lot

Listing Details

  • CapRate: 6.35
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Architectural Style: Modern
  • New Construction: Yes
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 5120027023
  • Year Built: 2026
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Recessed Lighting, Open Floorplan
  • Stories: 3
  • Common Walls: 1 Common Wall, No One Below, No One Above
  • Flooring: Tile, Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Three Or More, Two
  • Price Per Square Foot: 366.13
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: New Condition
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Microwave, Refrigerator, Electric Range, Electric Oven, Freezer, Dishwasher
  • Heating Type: Central
  • Laundry Features: Inside, Washer Included, Dryer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Landscaped, Level
  • Lot Size Sq Ft: 5275.00
  • Lot Size Acres: 0.1211

Multi Family

  • Electric Expense: 1000.00
  • Gross Income: 172800.00
  • Gross Multiplier: 12.12
  • Gross Operating Income: 165888.00
  • Gross Scheduled Income: 172800.00
  • Insurance Expense: 3433.00
  • Lot Size Area: 5275.0000 Square Feet
  • Maintenance Expense: 2400.00
  • Net Operating Income: 132979.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 32909.00
  • Rent Control: No
  • Total Expenses: 32909.00

Tax Info

  • New Taxes Expense: 24876.00
  • Tax Lot: 120
  • Tax Tract Number: BOETTCH

Map

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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 $8,224 $492,000 $450,000 $42,000
2024 $8,224 $661,980 $581,400 $80,580
2023 $1,555 $113,109 $58,550 $54,559
2022 $1,488 $110,892 $57,402 $53,490
2021 $1,462 $108,719 $56,277 $52,442
2019 $1,420 $105,496 $54,608 $50,888
2018 $1,349 $103,429 $53,538 $49,891
2016 $1,274 $99,414 $51,460 $47,954
2015 $1,256 $97,922 $50,688 $47,234
2014 $1,268 $96,005 $49,696 $46,309
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2026 04/21/26 Price Changed $2,095,000 0.0% $366 / Sq Ft
04/21/2026 04/21/26 For Sale $2,095,000 -4.6% $366 / Sq Ft
04/16/2026 04/16/26 Off Market $2,195,000 -- --
04/07/2026 04/07/26 For Sale $2,195,000 0.0% $384 / Sq Ft
02/16/2026 02/16/26 For Rent $19,200 0.0% --
09/05/2024 09/05/24 Sold $491,900 0.0% $370 / Sq Ft View Prior Sale
06/03/2024 06/03/24 Price Changed $491,900 +29.8% $370 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
05/06/2024 05/06/24 For Sale $379,000 -- $285 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Administrators Deed $491,900 Fidelity - Sherman Oaks
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB26074248

California Regional Multiple Listing Service (CRMLS)

APN: 5120-027-023

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