1003 Calzona Street, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath
ACTIVE$1,450,000
1003 Calzona Street, Los Angeles, California 90023
0Bed
0Bath
3,549Sqft
5,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High & Stable Rental Income: The property is fully occupied, generating a substantial total monthly income of $9,050, providing immediate and consistent cash flow for investors.
Top Cons:
Advanced Property Age: Built in 1931, the property's underlying structure is nearly a century old. Despite recent updates, this age may lead to unforeseen maintenance issues or require specialized upkeep beyond the scope of the 2023 renovations.
Compared to the nearby listings
Price:$1.45M vs avg $655.0K (+$795,000)92%
Size:3,549 sqft vs avg 1,702 sqft85%
Price/sqft:$409 vs avg $40950%
More Insights
Built in 1931 (94 years old).
Condition: This property, built in 1931, has undergone extensive renovations in 2023, bringing many systems and aesthetics up to modern standards. The description explicitly states updates to plumbing, electrical, recessed lighting, and mini-split AC/heat units, which are significant improvements. The main house features refinished hardwood floors and modern mirrored wardrobes. The bathrooms appear updated with contemporary tiling and fixtures, including handicap accessibility features. The kitchens feature solid wood cabinets and modern stainless steel refrigerators. However, some kitchen appliances (dishwasher, range) appear more basic or slightly older, and the kitchen flooring is not consistent with the hardwood found elsewhere, suggesting a budget-conscious update rather than a high-end renovation. While largely move-in ready and recently updated, these minor inconsistencies prevent it from reaching an 'Excellent' score, placing it firmly in the 'Good' category as it meets current quality standards with minimal wear and tear and functional, modern systems.
Year Built
1931
Close
-
List price
$1.45M
Original List price
$1.6M
Price/Sqft
$409
HOA
-
Days on market
-
Sold On
-
MLS number
CV25206545
Home ConditionGood
Features
Deck
Patio
View-
About this home
Welcome to 1003 Calzona Street in the beautiful city of Los Angeles! This fabulous property features four remodeled units, each updated in 2023 with recessed lighting, mini split AC/heat units, new plumbing and electrical systems, security cameras, gated access with motion-activated lighting, fencing and iron work, solid wood cabinets customized for each unit, and mirrored wardrobes. There is a coin-operated laundry area for three of the units, while the main house has its own laundry room. The main house is detached, boasting refinished hardwood floors, handicap accessibility, and includes a formal living room, dining room, nook area, three spacious bedrooms, and bathrooms with a walk-in closet. This stunning property has been restored to preserve its original charm while incorporating modern touches. Rental prices are $3,000 per month for the 3 bedroom, 2 bathroom unit; $2,500 per month for the 2 bedroom, 2 bathroom unit; $1,800 per month for one 1 bedroom, 1 bathroom unit; and $1,750 per month for the other 1 bedroom, 1 bathroom unit. Total Monthly Income $9,050. this Property is fully occupied, Please do not disturb the occupants.
Price History
Date
Event
Price
11/01/22
Sold
$1,250,000
01/22/21
Sold
$710,000
Condition Rating
Good
This property, built in 1931, has undergone extensive renovations in 2023, bringing many systems and aesthetics up to modern standards. The description explicitly states updates to plumbing, electrical, recessed lighting, and mini-split AC/heat units, which are significant improvements. The main house features refinished hardwood floors and modern mirrored wardrobes. The bathrooms appear updated with contemporary tiling and fixtures, including handicap accessibility features. The kitchens feature solid wood cabinets and modern stainless steel refrigerators. However, some kitchen appliances (dishwasher, range) appear more basic or slightly older, and the kitchen flooring is not consistent with the hardwood found elsewhere, suggesting a budget-conscious update rather than a high-end renovation. While largely move-in ready and recently updated, these minor inconsistencies prevent it from reaching an 'Excellent' score, placing it firmly in the 'Good' category as it meets current quality standards with minimal wear and tear and functional, modern systems.
Pros & Cons
Pros
High & Stable Rental Income: The property is fully occupied, generating a substantial total monthly income of $9,050, providing immediate and consistent cash flow for investors.
Extensive Recent Renovations: All four units underwent comprehensive updates in 2023, including new plumbing, electrical systems, mini-split AC/heat units, recessed lighting, and customized solid wood cabinets, significantly reducing immediate capital expenditure for a new owner.
Enhanced Security & Modern Comforts: The property features security cameras, gated access with motion-activated lighting, fencing, and ironwork, alongside individual mini-split AC/heat units in each unit, contributing to tenant safety and comfort.
Detached & Accessible Main Unit: The largest 3-bedroom unit is detached, offering greater privacy, and includes handicap accessibility, refinished hardwood floors, and its own private laundry room, appealing to a broader and potentially premium tenant base.
Prime Los Angeles Investment: As a multi-unit residential income property (quadruplex) in a high-demand market like Los Angeles, it offers strong long-term appreciation potential and diversified income streams.
Cons
Advanced Property Age: Built in 1931, the property's underlying structure is nearly a century old. Despite recent updates, this age may lead to unforeseen maintenance issues or require specialized upkeep beyond the scope of the 2023 renovations.
Recent Price Reduction: The property has seen a notable price reduction from $1.6M to $1.45M, which could indicate initial overpricing or market resistance, suggesting a need for thorough valuation analysis.
Limited Showing Access: The instruction 'Please do not disturb the occupants' implies restricted access for showings and detailed inspections, which can complicate the due diligence process for potential buyers.