1017 S Alfred Street, California, Los Angeles, 90035 - 4 bed, 3 bath
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California
This French Normandy Duplex is a well-maintained Turn-key Residential Asset in South Cathay. Listed at $1,990,000, the price reflects its Condition Rating of 3 and $1,816,921 Fair Market Value, justified by recent upgrades and high ADU Potential. The property features a luscious backyard with a patio, RV parking, and access to the 9/10 rated Beverly Hills High School and 8/10 Horace Mann Elementary. With a 7,400 square foot lot, it offers a rare blend of historic charm and income potential. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1017 S Alfred Street Subject | $1,990,000* List Price | 4 | 3 | 3,100 | $586 | - |
A 1118 S Crescent Heights Boulevard Sold | $1,793,800 | 6 | 4 | 3,898 | $460 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite being built in 1936, the property has undergone 'substantial building upgrades in the past few years,' making it turn-key and move-in ready. The kitchen features modern stainless steel appliances and a contemporary range hood. Bathrooms are updated with new vanities, modern fixtures, and clean tile work. The 'easy-maintenance vinyl flooring' throughout is consistent and appears well-maintained. While updated, some elements like the kitchen countertops and certain light fixtures are functional and clean but not high-end, preventing an 'Excellent' rating. The property shows minimal wear and tear and is in good overall condition.
High School: Beverly Hills High School (9/10).
Located in a highly desirable Beverly Hills adjacent area, offering excellent walkability to shopping and restaurants, enhancing lifestyle and property value.
As a duplex with the potential to add up to two Accessory Dwelling Units (ADUs), this property offers exceptional investment opportunity and multiple income streams.
Being part of the South Cathay HPOZ (Historic Preservation Overlay Zone) may impose limitations and additional requirements on future exterior renovations or modifications.
The current listing price of $1.99M is 8% higher than the estimated property value, which could indicate it is overpriced relative to market analytics.
The property has been on the market since January 2023, suggesting a longer selling period that might indicate buyer hesitation or perceived value concerns.
EXCEPTIONAL INVESTMENT OPPORTUNITY. Location, location, location. Beautiful French Normandy duplex located in the Beverly Hills adjacent area.Walking distance to shopping and restaurants. The expansive 7,400 square foot lot provides a luscious backyard with a mature citrus tree, a perfect space for quiet nights or outdoor entertaining. Rare semi-private alley access, and 2 garages that can fit up to 3 cars plus a carport that can fit an RV. The lower unit has 2 bedrooms and 1 bath and the upper unit has 2 bedrooms and 2 bathrooms. The property is well-suited to add up to two ADUs (buyer to verify). Seller has invested in substantial building upgrades in the past few years while retaining the original charm of the house. Each room has been meticulously decorated. Large windows, easy-maintenance vinyl flooring, and plenty of storage throughout the unit. The kitchen is equipped with stainless steel appliances. This is a turn-key property ready for it's next owner. This property is part of the South Cathay HPOZ.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,100 | 2,104.5 | 71% |
| Lot Size | 7,429 | 6,456 | 75% |
| Price | $1.99M | $2.21M | 43% |
| Price per sq ft | $642 | $1.1K | 7% |
| Built year | 1936 | 1935 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 1196 | 172 | 0% |
May 5, 2023
$1,843,000
Public Record
Aug 22, 2019
$1,505,000
Public Record