1026 E 23rd Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$599,000$2,053/sqft
1026 E 23rd Street, Los Angeles, California 90011
0Bed
0Bath
2,053Sqft
6,264Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Generating Potential: The property features three legal units with separate entrances, offering significant income potential for an owner-occupant or investor.
Top Cons:
Age of Property: Built in 1928, the property is older, which may imply potential for outdated systems (plumbing, electrical), deferred maintenance, and the need for significant capital expenditures for modernization.
Compared to the nearby listings
Price:$599.0K vs avg $649.0K ($-50,000)27%
Size:2,053 sqft vs avg 2,066 sqft47%
Price/sqft:$292 vs avg $33827%
More Insights
Built in 1928 (98 years old).
Condition: Built in 1928, this property shows significant signs of age and deferred maintenance, with no evidence of major renovations in recent decades. The kitchens feature outdated cabinets, worn countertops (some tiled), and older appliances. The bathrooms are very basic, small, and exhibit considerable wear, discoloration, and potential hygiene issues, particularly in the shower stalls. Flooring is a mix of old ceramic tile and basic laminate. Light fixtures are rudimentary, and there's no indication of modern cooling/heating systems. While currently livable, the property requires substantial repairs and rehabilitation to meet contemporary standards of comfort and functionality, aligning with the 'poor' condition criteria.
Year Built
1928
Close
-
List price
$599K
Original List price
$649K
Price/Sqft
$292
HOA
-
Days on market
-
Sold On
-
MLS number
SR25112778
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
3 LEGAL UNITS REDUCED and Best Priced in the Area Opportunity!!!! One of a Kind Property With 3 Legal Units. Main Home is 2 Bedrooms and 1 Baths; 2nd Unit is a Detached Structure with 1 Bedroom and 1 Bath and Plenty Room to Expand and 3rd Unit is a 1 bedroom and 1 Bath All With Separate Entrances. Live in One and Rent the Other Ones. Each Unit is Individually Metered for Gas and Electricity. This is a Valuable Layout and Opportunity for Future Additions of ADUs which is Common Around this Area of Los Angeles. This is a very Rare Opportunity to Find Properties at This Price in All LA County in Current Condition. All Types of Financing are Accepted. This Property is Minutes Away from USC, BMO Stadium, Downtown LA and Freeway Access. Act now as This Property will Sell Fast......
E
Enrique Campos
Listing Agent
Nearby schools
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.3mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.4mi
5/10
San Pedro Street Elementary School
Public,•K-5•0.5mi
4/10
Quincy Jones Elementary School
Public,•K-5•0.6mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.7mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.9mi
/10
Maple Primary Center
Public,•K-1•0.9mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.9mi
2/10
Harmony Elementary School
Public,•K-5•1.0mi
3/10
Trinity Street Elementary School
Public,•K-5•1.0mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.1mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.4mi
4/10
Norwood Street Elementary School
Public,•K-5•1.5mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.7mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.8mi
2/10
John W. Mack Elementary School
Public,•K-5•2.1mi
5/10
Menlo Avenue Elementary School
Public,•K-5•2.1mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•2.3mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.5mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.6mi
4/10
John Adams Middle School
Public,•6-8•0.9mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.1mi
3/10
George Washington Carver Middle School
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•3.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•3.3mi
5/10
Santee Education Complex
Public,•9-12•0.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.9mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.0mi
3/10
Manual Arts Senior High School
Public,•9-12•2.2mi
4/10
West Adams Preparatory High School
Public,•9-12•2.2mi
Price History
Date
Event
Price
05/22/00
Sold
$175,000
06/03/14
Sold
$290,000
Condition Rating
Poor
Built in 1928, this property shows significant signs of age and deferred maintenance, with no evidence of major renovations in recent decades. The kitchens feature outdated cabinets, worn countertops (some tiled), and older appliances. The bathrooms are very basic, small, and exhibit considerable wear, discoloration, and potential hygiene issues, particularly in the shower stalls. Flooring is a mix of old ceramic tile and basic laminate. Light fixtures are rudimentary, and there's no indication of modern cooling/heating systems. While currently livable, the property requires substantial repairs and rehabilitation to meet contemporary standards of comfort and functionality, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income Generating Potential: The property features three legal units with separate entrances, offering significant income potential for an owner-occupant or investor.
ADU Expansion Opportunity: The layout and location present a valuable opportunity for future additions of Accessory Dwelling Units (ADUs), common in this Los Angeles area, enhancing long-term value and income.
Strategic Location: Conveniently located minutes away from USC, BMO Stadium, Downtown LA, and major freeway access, appealing to a wide range of potential tenants and buyers.
Value Proposition: Marketed as 'Best Priced in the Area' and a 'Rare Opportunity' at its current price point in LA County, suggesting strong investment value.
Individual Utility Metering: Each unit is individually metered for gas and electricity, simplifying tenant billing and reducing landlord utility management responsibilities.
Cons
Age of Property: Built in 1928, the property is older, which may imply potential for outdated systems (plumbing, electrical), deferred maintenance, and the need for significant capital expenditures for modernization.
Unspecified Condition/Renovations: The description emphasizes 'current condition' without detailing any recent renovations or modern amenities within the units, suggesting it may not be turn-key and could require substantial investment to meet contemporary standards.
Lack of Specific Interior Details: The listing lacks specific information regarding the interior condition, finishes, or amenities of each unit, which could be a deterrent for prospective tenants or buyers seeking updated living spaces.