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Duplex With Redevelopment Potential
New
For Sale
$1,500,000

2338 sheridan St, Los Angeles, CA 90033

Two-unit residential property with existing rental income and preliminary information indicating possible future expansion.

Property Size1,992 SF
Lot Size0.18 Acres
Price / SF$750
Days on Market2

Property Features for 2338 sheridan St

General Information

Standard status Active
Size 1,992 SF
Lot size 0.18 Acres
Property subtype Investment

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 2

Building Details

Building Size 1,992 SF
Year Built 1959
Listing Agency:
Listed By: Luis Perales
Source: Elliman
Added: Aug 8 Changed: Aug 9 Last Checked: Aug 9 at 5:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Luis Perales

Investment Insights

Based on property information with market context.

This 1959-built duplex includes nearly 2,000 square feet of living space across two residential units, with five bedrooms and two bathrooms in total. The property sits on an approximately 7,700-square-foot lot and currently provides an existing income-producing configuration suitable for continued rental use or owner occupancy.

Preliminary development information indicates the site may accommodate 18 or more residential units, subject to independent verification with the City of Los Angeles, applicable zoning regulations, and available development incentives. The property is located at 2338 Sheridan St in Los Angeles, near Downtown Los Angeles, USC Medical Center, major freeways, Metro stations, schools, parks, shopping, and local dining. Walk Score is 90, Transit Score is 68, and Bike Score is 62.

Key Highlights

  • Duplex built in 1959 with nearly 2,000 square feet of living space
  • Approximately 7,700‑square‑foot lot
  • Combined unit layout includes 5 bedrooms and 2 bathrooms

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Acupuncture Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3,759
Businesses Nearby

Demographics for 90033, CA

46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with existing rental income and preliminary information indicating possible future expansion.
Where is this duplex located?
The property is located at 2338 sheridan St Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Duplex built in 1959 with nearly 2,000 square feet of living space; Approximately 7,700‑square‑foot lot; Combined unit layout includes 5 bedrooms and 2 bathrooms
More about this property
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