$2,400,000
OPEN SUN 10AM - 1PM

2516 Malabar St Los Angeles, CA 90033

Estimated payment $15,190/month

Total Views 439
16 Beds
12 Baths
5,862 Sq Ft
$409 Price per Sq Ft

Highlights

  • Solar Power System
  • Gated Parking
  • Central Heating and Cooling System
  • Felicitas and Gonzalo Mendez High Rated A-

About This Home

2516 Malabar St is a newly built 4-plex in the Boyle Heights neighborhood! The property was built in 2021 and offers 16 large bedrooms. The unit mix consists of (4) 4 Bedroom/ 3 Bathroom units. The property is gated and offers 8 tandem parking spaces. The property will be delivered vacant allowing the new owner to select their own tenants and/or to owner occupy! The units are all individually metered for gas, electricity, water and has solar panels keeping owners expenses low! Don't miss out on this great NON RSO investment opportunity! Embrace the unique charm and cultural richness of Boyle Heights with this exceptional real estate investment opportunity. Situated in the heart of East Los Angeles, Boyle Heightsis renowned for its diverse community, historic landmarks, and thriving local economy. This dynamic neighborhood offers a compelling blend residential, commercial, andmixed-use properties, making it an attractive destination for investors seeking growth and value in the Los Angeles real estate market.

Listing Agent

Yitzy Davis

Keller Williams Los Angeles License #02075515 Listed on: 07/01/2025

Keller Williams Los Angeles

Co-Listing Agent

Michael Fukushima

Keller Williams Los Angeles License #01380445

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,440

Year Built

  • Built in 2021

Lot Details

  • 6,996 Sq Ft Lot
  • Lot Dimensions are 50x140

Interior Spaces

  • 5,862 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer Hookup

Parking

  • 8 Parking Spaces
  • Gated Parking

Additional Features

  • Solar Power System
  • Central Heating and Cooling System

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5177-023-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,440

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 5862
  • Lot Acreage: 0.1606
  • Lot Dimensions: 50x140
  • Stories: 2
  • Year Built: 2021
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Laundry: In Unit
  • Total Bathrooms: 12.00
  • Equipment: Solar Panels, Stackable W/D Hookup
  • Price Per S Q F T: 409.42

Exterior Features

  • Other Structures: None
  • Pool: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 8

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 1435752
  • Assessed Land Percent: 40
  • Assessed Land Value: 957168
  • Total Assessed Value: 2392920
  • Assessor Parcel Number: 5177-023-004
  • Lot Size Area: 6996

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 12.80
  • Number Of Units: 4
  • Total Annual Expense: 40200
  • Type Of Units: 4+3
  • Vacancy Rate: 4

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $29,440 $2,392,920 $957,168 $1,435,752
2023 $28,870 $2,346,000 $938,400 $1,407,600
2022 $7,021 $586,500 $586,500 $0
2021 $6,943 $575,000 $575,000 $0
2019 $664 $36,641 $23,045 $13,596
2018 $558 $35,924 $22,594 $13,330
2016 $519 $34,530 $21,717 $12,813
2015 $513 $34,012 $21,391 $12,621
2014 $524 $33,346 $20,972 $12,374
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $2,400,000 +317.4% $409 / Sq Ft
07/08/2020 07/08/20 Sold $575,000 +0.9% $503 / Sq Ft
06/10/2020 06/10/20 For Sale $570,000 -0.9% $498 / Sq Ft
06/07/2020 06/07/20 Off Market $575,000 -- --
06/04/2020 06/04/20 For Sale $570,000 -- $498 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,294,259 Construction
Source: Public Records

Similar Homes in Los Angeles, CA

  • 2437 Malabar St, Los Angeles, CA 90033

    $2,500,000

    • 16 Beds
    • 12 Baths
    • 6,000 Sq Ft
    • 2437 Malabar St
    • Los Angeles, CA

    Incredible investment opportunity to own a 4-Unit Income Property in the heart of Boyle Heights. Close to Downtown LA and just a few blocks from USC Medical Campus. Built in 2020, each unit has 4 bedrooms and 3 bathrooms, combines contemporary design, and impressive rental potential—perfectly situated in one of LA’s most rapidly growing neighborhoods. Each of the four spacious units is

    John Kim Keller Williams SELA

    Section Image
  • 1430 Pennsylvania Ave, Los Angeles, CA 90033

    $2,149,000

    • 14 Beds
    • 14 Baths
    • 5,544 Sq Ft
    • 1430 Pennsylvania Ave
    • Los Angeles, CA

    FRESH BACK ON THE MARKET! Current buyer did not perform. Take a look at this amazing & excellent opportunity for an investor or an owner user wanting to live in one of the units and collect great rental income. This is a stunning ultra-modern 4-multiunit and ONE OF A KIND! Spectacular new construction fourplex, offers a perfect blend of modern luxury, convenience and all units offer amazing

    Jose Arana CENTURY 21 REALTY MASTERS

    Section Image
  • 728 E Kensington Rd, Los Angeles, CA 90026

    $2,250,000

    • 17 Beds
    • 10 Baths
    • 8,270 Sq Ft
    • 728 E Kensington Rd
    • Los Angeles, CA

    Trust Sale...Call For Offers!! First time on the market since owner built the property in 1974. This 6-unit apartment building, constructed in 1974, offers a prime investment opportunity in the desirable Angelino Heights neighborhood of Los Angeles. The property boasts approximately 8,270 square feet of improvements situated on approximately 9,688 square foot lot. The building consists of five

    Steven Weinberg Citadel Ventures, Inc.

    Section Image
  • 1315 Montana St, Los Angeles, CA 90026

    $3,000,000

    • 14 Beds
    • 10 Baths
    • 5,152 Sq Ft
    • 1315 Montana St
    • Los Angeles, CA

    OPPORTUNITY: Montana Hillside Apartments is an ideal fit for a long-term investor seeking a pride-of-ownership asset in one of L.A.'s most character-rich and walkable neighborhoods. Located just one block from the vibrant Sunset Blvd corridor and minutes from Dodger Stadium, the property offers unbeatable lifestyle access while maintaining a quiet, elevated residential setting. Eight of the ten

    Mark Ventre Lyon Stahl Investment Real Estate, Inc.

    Section Image
  • 236 N Burlington Ave, Los Angeles, CA 90026

    $2,599,000

    • 14 Beds
    • 14 Baths
    • 4,798 Sq Ft
    • 236 N Burlington Ave
    • Los Angeles, CA

    236 N Burlington St is a rare 2023 construction fourplex walking distance to the Echo Park Lake! This fully stabilized fourplex attracted A+ tenants quickly thanks to its ultra trendy location near Echo Park & Silver Lake and highly rentable floorplans. Moments on foot to Bloom & Plume Coffee, Tribal Cafe, Target on Temple, and so much more! With SB-8 in effect, new construction property

    Lauren Cearley Myunits.com Inc.

    Section Image
  • 668 Keenan Ave, Los Angeles, CA 90022

    $2,350,000

    • 14 Beds
    • 10 Baths
    • 5,659 Sq Ft
    • 668 Keenan Ave
    • Los Angeles, CA

    This stunning, contemporary four-unit complex, built in 2021, offers a unique opportunity in a family-friendly neighborhood at the border of Montebello and East Los Angeles. The property is situated within Montebello School District, making it an ideal location for families.The complex consists of two 4-bedroom, 3-bathroom units, and two 3-bedroom, 2-bathroom units, each with their own attached

    Powai Wong C21 Realty Masters

    Section Image
  • 1348 E Vernon Ave, Los Angeles, CA 90011

    $2,495,000

    • 17 Beds
    • 12 Baths
    • 5,927 Sq Ft
    • 1348 E Vernon Ave
    • Los Angeles, CA

    Contemporary Fourplex! This remarkable property features two distinct buildings. The front building is two stories high and includes two units, each offering three bedrooms and two bathrooms. The back building showcases a tri-level design with side-by-side units: one containing four bedrooms and three bathrooms, while the other boasts seven bedrooms and five bathrooms. All units are designed with

    Joe Myere Compass

    Section Image
  • 316 N Coronado St, Los Angeles, CA 90026

    $1,900,000

    • 16 Beds
    • 8 Baths
    • 4,714 Sq Ft
    • 316 N Coronado St
    • Los Angeles, CA

    Multi-Family Investor Opportunity in Historic Filipinotown (HiFi)! Introducing a rare 8-unit multi-family residential investment opportunity in the heart of Historic Filipinotown—a trendy, up-and-coming area perfectly positioned between the highly sought-after neighborhoods of Silverlake and Echo Park. Built in 1958, the property features eight 2-bedroom, 1-bath units and 7 on-site allocated

    Melanie Guillen Lee & Associates Los Angeles

    Section Image
  • 119 S Rampart Blvd, Los Angeles, CA 90057

    $2,899,000

    • 15 Beds
    • 17 Baths
    • 5,865 Sq Ft
    • 119 S Rampart Blvd
    • Los Angeles, CA

    119 S Rampart Blvd is a brand new, no-RSO fourplex in the heart of LA’s Westlake neighborhood, minutes from DTLA, Echo Park, and Silver Lake. Built in 2025, this premium investment delivers an outstanding projected 5.25% cap rate with $204,000 in annual income across four large units: 2 x 4bd/4b, 1 x 4bd/4.5b, and 1 x 3bd/3.5b.Spanning 5,865 SF, this modern building is packed with investor and

    Lauren Cearley Myunits.com Inc.

    Section Image

Source: The MLS

MLS Number: 25559895

The MLS

APN: 5177-023-004