, Los Angeles, California 90022, Los Angeles, 90022 - 3 bed, 2 bath
ACTIVE$900,000
, Los Angeles, California 90022
3Beds
2Baths
1,224Sqft
5,075Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income/Investment Potential: The property is a versatile duplex offering an exceptional opportunity for investors or multi-generational living, with existing separate units and potential for additional income.
Top Cons:
Age of Property & Potential for Deferred Maintenance: Built in 1929, the property is nearly a century old. While roofs are updated, other major systems (e.g., plumbing, electrical, HVAC) are not mentioned and may require significant investment.
Compared to the nearby listings
Price:$900.0K vs avg $820.0K (+$80,000)71%
Size:1,224 sqft vs avg 1,994 sqft6%
Price/sqft:$735 vs avg $40894%
More Insights
Built in 1929 (96 years old).
Condition: Built in 1929, this property shows signs of regular maintenance and some updates, such as the roof (2017) and newer stainless steel appliances in the kitchen. However, the kitchen cabinetry and countertops appear to be from an older renovation (likely 15-25 years ago), giving it a dated feel. The bathroom has a more modern vanity and a clean, functional shower surround, suggesting a more recent update in that specific area. Overall, the home is functional and livable but requires minor updates to bring it to current aesthetic standards, aligning with the 'fair' condition criteria for an aged but maintained property with outdated components.
Year Built
1929
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$735
HOA
-
Days on market
-
Sold On
-
MLS number
HD25251608
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
This versatile East Los Angeles duplex offers an exceptional opportunity for investors or multi-generational living, just minutes from the 60 Freeway. The property features the main house and a back unit, each with its own laundry facilities and separate utilities. The main house roof was updated in 2017, with the back unit roof replaced prior to that. There is potential to add a third 1-bedroom, 1-bath unit. increasing the property’s income potential. Located near Mariachi Plaza, El Mercado, Whittier Boulevard, and local parks, this property provides easy access to shopping, dining, cultural attractions, and community amenities, all within a short drive.
Condition Rating
Fair
Built in 1929, this property shows signs of regular maintenance and some updates, such as the roof (2017) and newer stainless steel appliances in the kitchen. However, the kitchen cabinetry and countertops appear to be from an older renovation (likely 15-25 years ago), giving it a dated feel. The bathroom has a more modern vanity and a clean, functional shower surround, suggesting a more recent update in that specific area. Overall, the home is functional and livable but requires minor updates to bring it to current aesthetic standards, aligning with the 'fair' condition criteria for an aged but maintained property with outdated components.
Pros & Cons
Pros
Strong Income/Investment Potential: The property is a versatile duplex offering an exceptional opportunity for investors or multi-generational living, with existing separate units and potential for additional income.
Value-Add Development Opportunity: There is clear potential to add a third 1-bedroom, 1-bath unit, which could significantly increase the property’s income potential and overall value.
Strategic & Accessible Location: Located in East Los Angeles, just minutes from the 60 Freeway and close to Mariachi Plaza, El Mercado, Whittier Boulevard, and local parks, providing excellent connectivity and access to amenities.
Independent Units with Separate Utilities: Both the main house and back unit feature their own laundry facilities and separate utilities, enhancing tenant appeal, simplifying management, and supporting multi-generational living.
Recent Roof Updates: The main house roof was updated in 2017, and the back unit roof was replaced prior to that, indicating proactive maintenance and reducing immediate capital expenditure for a buyer.
Cons
Age of Property & Potential for Deferred Maintenance: Built in 1929, the property is nearly a century old. While roofs are updated, other major systems (e.g., plumbing, electrical, HVAC) are not mentioned and may require significant investment.
Lack of Detailed Unit Information: The description does not specify the bed/bath count or square footage for each individual unit, making it difficult for potential buyers to fully assess current rental income potential or living arrangements.
Unspecified Interior Condition: Beyond roof updates, there is no information provided on the interior condition of the units, suggesting potential for significant renovation costs to modernize or bring them to current market standards.