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2733 Council St, Los Angeles, CA 90026

Sale Price: $830,000
May 1, 20242,486 sqft5 beds4 baths
Listed by: Christie Thomas
License #: 01793080
Phone #: 323-483-4275
Coldwell Banker Champion Realty
Source:
CRMLS Logo
MLS #: 24385691

Property Description

Discover the investment potential of 2733 Council Street, a fully occupied 4-plex nestled in the heart of vibrant Historic Filipino Town, adjacent to Silver Lake, Echo Park, Koreatown, East Hollywood, and Westlake. This property offers a compelling blend of stable income and significant growth potential. Ideal for savvy investors and developers. The unit mix comprises one 2-bedroom and three 1-bedroom units, all occupied by longer-term tenants providing a reliable income flow. With current rents, there is substantial opportunity to increase revenue upon unit turnover, relocation, or development, within the constraints of the LA City RSO. This property is perfect for portfolio diversification or as a strategic 1031 exchange. The ease of managing this property, with no immediate need for significant upgrades, makes it a low maintenance investment. Proximity to major attractions and thoroughfares enhances tenant appeal and supports sustained rental demand. Engage with this stable, income-producing property today and secure your foothold in one of LA's burgeoning neighborhoods.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$9,185

TurboHome Estimated Value

$765,600

$308 sqft

High Valuation
$803,880
$323/sqft
Normal Valuation
$765,600
$308/sqft
Low Valuation
$727,320
$293/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$308/sqft$765,600

Neighborhood: Westlake

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Comparative Value

$690K

$830K

$919K

$1.00M

$1.03M

$1.05M

113 Robinson St, Los Angeles, CA 90026

Sale Price: $690,000

Selected Comparable

2733 Council St, Los Angeles, CA 90026

Sale Price: $830,000

Selected Comparable

2733 Council St, Los Angeles, CA 90026

List Price: $918,900

Subject Property

3303 Hamilton Way, Los Angeles, CA 90026

Sale Price: $1,000,000

Selected Comparable

207 S Ardmore Ave, Los Angeles, CA 90004

Sale Price: $1,034,000

Selected Comparable

811 Waterloo St, Los Angeles, CA 90026

Sale Price: $1,052,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
2733 Council St, Los Angeles, CA 90026

2733 Council St, Los Angeles, CA 90026

List: $918,900

Listed: 5/1/2024

Area:2,486 sqft
Price/sqft:$370
Beds:5
Baths:4
Year Built:
Lot Size:4,801

Comparable Properties

COMPARABLE
Choose comps
2733 Council St, Los Angeles, CA 90026

2733 Council St, Los Angeles, CA 90026

Sale: $830,000

8/22/20240.00 mi

Area:2,486 sqft
Price/sqft:$334
Beds:5
Baths:4
Year Built:
Weight:27.3%
811 Waterloo St, Los Angeles, CA 90026

811 Waterloo St, Los Angeles, CA 90026

Sale: $1,052,000

5/30/20250.60 mi

Area:2,944 sqft
Price/sqft:$357
Beds:5
Baths:3
Year Built:
Weight:21.4%
3303 Hamilton Way, Los Angeles, CA 90026

3303 Hamilton Way, Los Angeles, CA 90026

Sale: $1,000,000

2/14/20251.03 mi

Area:2,626 sqft
Price/sqft:$381
Beds:4
Baths:4
Year Built:
Weight:20.1%
113 Robinson St, Los Angeles, CA 90026

113 Robinson St, Los Angeles, CA 90026

Sale: $690,000

8/14/20240.37 mi

Area:3,184 sqft
Price/sqft:$217
Beds:4
Baths:4
Year Built:
Weight:16.2%
207 S Ardmore Ave, Los Angeles, CA 90004

207 S Ardmore Ave, Los Angeles, CA 90004

Sale: $1,034,000

12/31/20241.40 mi

Area:3,223 sqft
Price/sqft:$321
Beds:4
Baths:4
Year Built:
Weight:15.0%

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