637 S Mcdonnell Avenue
Los Angeles, CA, 90022 $ 1,775,000
Bedrooms8 Baths1.0 Sq 4,072 Monthly Estimate*
$ 11,208
Listed by Remax Commercial and Investment Realty
for $1,775,000 with 8 bedrooms and 1 full bath. This 4,072 square foot home was built in 1927 on a lot size of 0.1593.
Situated in the heart of East Los Angeles, this well-located multifamily investment presents an attractive combination of tenant appeal, convenience, and future upside. The property features an attractive unit mix of (1) 2 bd + 1 ba, (6) 1 bd + 1 ba, and (4) studios, providing a diverse mix of rental options suited to a broad tenant base. The property's mostly single-story construction offers a practical advantage for ownership, providing easier maintenance and an appealing living environment for prospective tenants.In addition to its existing income stream, the property offers potential for increased rental income and future ADU development, providing an investor with multiple avenues to enhance value and maximize the property's income-producing potential, subject to applicable zoning and permitting requirements. Plans for two ADUs were previously approved.Location further strengthens the investment profile. Residents are within walking distance of the Metro Gold Line Station, providing convenient access to public transportation and connectivity throughout Los Angeles. The property is also near the East Los Angeles Civic Center, offering access to community events, entertainment, recreational opportunities, and local services. Nearby Whittier Boulevard provides an established mix of shopping, dining, and everyday conveniences.For commuters, the property offers convenient access to the 710, 10, and 5 Freeways, providing efficient connectivity to Downtown Los Angeles, surrounding employment centers, and major destinations throughout the region.
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FeaturesGeneralLiving Area 4072
Heating Wall Furnace
Zoning LCR2YY
Year Built 1927
Stories Count 2
Levels Two Multi/Split
Gross Income 189311
County Los Angeles
Net Operating Income 126492
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions Located between Hubbard St and 6th St
City Los Angeles
Senior Community Y/N false
Number Of Units Total 11
MLS Area ELA - East Los Angeles
Lot Size Units Square Feet
Lot Size Square Feet 6941
Standard Status Active
Cap Rate 7.13
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InteriorTotal Stories 2
Heating Y/N true
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 8
Total Baths 11
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ExteriorParking Features Assigned
Total Parking 0
Lot Size Area 6941
Number of Buildings 3
Building Area Total 4072
Lot Size Acres 0.1593
Lot Size Source Other
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* Excluded FeaturesList ByRemax Commercial And Investment RealtyBroker
eviramontes@remaxcir.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $11,208
- Monthly Property Taxes
- --
- Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,844,592
Percent of Sale Price 4%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/13/2026 | $1,775,000 | | Listed Price |