$1,550,000
-$155,0002437 Houston, Los Angeles CA 90033
Multi-Family (Fourplex)
Property type
207 days
On market
$519
Price per sqft
0 cars
Garage
1913
Year built
7,004 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Steven Gray DRE #02194905, eXp Realty of Greater Los Angeles
Listing updated: Apr 29, 2026 at 12:12pm.
Last checked: Jun 14, 2026 at 02:31am
Source: CRMLS #PW25264645
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 6 | 1 | 1 | — | $8,846 | $8,846 | $9,296 | Unfurnished |
# of Buildings: 2
# of Units Total: 6
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 4
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
24.4x
List Price / Annual Gross Rent
Cap Rate
2.46%
NOI / List Price
Gross Scheduled Income: $63,469
Operating Expense: $25,368
Net Operating Income: $38,100
Annual Operating Expenses
Electric: $5,827
Fuel: $0
Insurance: $2,411
Professional Management: $2,731
Trash: $0
Water / Sewer: $0
Interior
Laundry: None
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 1
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5177016020
Additional Parcels: No
Tax Lot: 20
Tax Block: 4
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Gutters, Storm Drains, Street Lights, Suburban, Sidewalks