2105 Keith St, Los Angeles, CA 90031

Apr 3

Written By Jake Glaser

4-Plex with SB 1211 Land in Lincoln Heights

Download Offering Memorandum

$900,000

Property Highlights

Craftsman style 4-unit building in Lincoln Heights
Unit mix consists of (4) 1BR/1BA units averaging 783 SF
Perfect owner-user opportunity with one of the units (2105) vacating by 12/1/2025 via cash-for-keys
Large 7,512 SF lot (approx. 50’ x 150’) with a vacant backyard pad (70’ x 50’) perfect for additional units
Can build up to (4) detached ADUs per CA state SB-1211
Nearby to the USC Health Sciences Campus and Los Angeles General Medical Center
Separately metered for gas and electricity
Minutes from Highland Park, Echo Park, and Boyle Heights - all strong rental submarkets with thriving culinary and entertainment scenes - including Dodgers Stadium

The Opportunity

The Glaser Group is pleased to present 2105 Keith Street, 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.