507 S Grande Vista Ave, Los Angeles, CA 90063 - View 1
507 S Grande Vista Ave, Los Angeles, CA 90063 - View 2
507 S Grande Vista Ave, Los Angeles, CA 90063 - View 3

507 S Grande Vista Ave, Los Angeles, CA 90063

List Price: $808,000On Market FlagOn market
Feb 1, 20252,278 sqft5 beds3 baths
Listed by: Eric Newman
License #: 01294882
Phone #: 951-432-5175
Merl Real Estate Corp
Source:
CRMLS Logo
MLS #: SW25023952

Property Description

**GREAT OPPORTUNITY FOR INVESTORS OR HOME BUYERS!** This property is zoned for a triplex lot, making it an excellent investment opportunity in Boyle Heights! It is not subject to Los Angeles City's rent control regulations, as it is in Los Angeles County. This investment opportunity could involve remodeling the existing house(s) or upgrading the two to create three residential units. The area offers highly desirable cap rate returns, lower vacancy rates, steady income, and long-term stability. The property is conveniently located in the West City Terrace/North Boyle Heights area, below the I-10 freeway in a vibrant neighborhood. With zoning for three units, this lot presents a fantastic chance for redevelopment. Please note that the interested buyer does "NOT subject seller to ANY CLOSING CONDITION(s)." Don’t miss out on this opportunity! Additionally, under no circumstances should you disturb the property.
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

$10,497

TurboHome Estimated Value

$753,900

$331 sqft

High Valuation
$791,595
$347/sqft
Normal Valuation
$753,900
$331/sqft
Low Valuation
$716,205
$314/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$331/sqft$753,900

Neighborhood: Boyle Heights

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Comparative Value

$720K

$808K

$899K

$927K

$975K

203 S Rowan Ave, Los Angeles, CA 90063

Sale Price: $720,000

Selected Comparable

507 S Grande Vista Ave, Los Angeles, CA 90063

List Price: $808,000

Subject Property

3317 E 8th St, Los Angeles, CA 90023

Sale Price: $899,000

Selected Comparable

1132 N Evergreen Ave, Los Angeles, CA 90033

Sale Price: $900,000

Selected Comparable

2128 E 3rd St, Los Angeles, CA 90033

Sale Price: $927,000

Selected Comparable

2428 Malabar St, Los Angeles, CA 90033

Sale Price: $975,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
507 S Grande Vista Ave, Los Angeles, CA 90063

507 S Grande Vista Ave, Los Angeles, CA 90063

List: $808,000

Listed: 2/1/2025

Area:2,278 sqft
Price/sqft:$355
Beds:5
Baths:3
Year Built:
Lot Size:6,345

Comparable Properties

COMPARABLE
Choose comps
3317 E 8th St, Los Angeles, CA 90023

3317 E 8th St, Los Angeles, CA 90023

Sale: $899,000

7/23/20250.82 mi

Area:2,186 sqft
Price/sqft:$411
Beds:5
Baths:3
Year Built:
Weight:23.0%
2128 E 3rd St, Los Angeles, CA 90033

2128 E 3rd St, Los Angeles, CA 90033

Sale: $927,000

7/9/20250.93 mi

Area:1,990 sqft
Price/sqft:$466
Beds:5
Baths:3
Year Built:
Weight:21.1%
1132 N Evergreen Ave, Los Angeles, CA 90033

1132 N Evergreen Ave, Los Angeles, CA 90033

Sale: $900,000

12/12/20241.35 mi

Area:2,166 sqft
Price/sqft:$416
Beds:5
Baths:3
Year Built:
Weight:20.2%
2428 Malabar St, Los Angeles, CA 90033

2428 Malabar St, Los Angeles, CA 90033

Sale: $975,000

8/18/20251.11 mi

Area:3,060 sqft
Price/sqft:$319
Beds:5
Baths:3
Year Built:
Weight:18.3%
203 S Rowan Ave, Los Angeles, CA 90063

203 S Rowan Ave, Los Angeles, CA 90063

Sale: $720,000

1/30/20250.83 mi

Area:1,988 sqft
Price/sqft:$362
Beds:5
Baths:2
Year Built:
Weight:17.4%

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