17
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$900,000
Est. payment /mo
4 Beds
4 Baths
3,133 SqFt
New
2105 Keith ST Los Angeles, CA 90031
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,133 sqft
Price per Sqft $287
MLS Listing ID 25595935
Bedrooms 4
HOA Y/N No
Year Built 1890
Lot Size 7,514 Sqft
Property Description
DELIVERED W/ 1 VACANT & BUILD UP TO 4 DETACHED ADUs WITH SB-1211... 2105 Keith Street is a charming craftsman-style 4-unit apartment building located in the historic Lincoln Heights neighborhood of Los Angeles. One of the units will be delivered vacant by 12/1/2025, perfect for an owner-user. The property is situated on a 7,512 square foot lot (approx. 50' x 150') and features a unit mix of (4) one-bedroom/one-bath units averaging a spacious 783 square feet each. A vacant backyard pad measuring approximately 70' x 50' provides a unique opportunity for additional density, including the potential to construct up to four (4) detached ADUs under California state law SB-1211 (buyer to verify). The property also offers investors a compelling value-add opportunity, with three out of the four units currently leased at below-market rents with more than 63% rental upside - achievable through renovations and lease turnover. The building is separately metered for gas and electricity, reducing operating costs for ownership. Ideally located, 2105 Keith Street sits just minutes from the USC Health Sciences Campus and Los Angeles General Medical Center, two of the area's largest employment hubs. The property is also a short drive from Highland Park, Echo Park, and Boyle Heights, three of LA's strongest rental submarkets, providing sustained tenant demand. Offered at $900,000, which equates to $225,000 per unit and $287 per square foot, 2105 Keith Street presents investors with an extremely attractive basis and clear paths to drive future value. With its Craftsman character, strong submarket fundamentals, substantial rental upside, and unique ADU development potential, this is a rare Lincoln Heights multifamily opportunity suited for both seasoned investors and new buyers alike.
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5211010016
Special Listing Condition Standard
Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc.
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