$1,550,000
-$155,0002437 Houston, Los Angeles CA 90033
Multi-Family (Fourplex)
Property type
196 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 5, 2026 at 04:30pm
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
Nearby Schools
Nearby schools around the 2437 Houston, Los Angeles, CA 90033. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,240,000
Total Interest
$1,581,552
Total Payment
$2,821,552
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$9,602
per month
Property History for 2437 Houston
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90033.
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