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1141 N Ditman Avenue, East Los Angeles, California 90063, East Los Angeles, 90063 - bed, bath

1141 N Ditman Avenue, East Los Angeles, California 90063 home-pic-0
ACTIVE$1,100,000
1141 N Ditman Avenue, East Los Angeles, California 90063
0Bed
0Bath
3,300Sqft
11,309Lot
Year Built
1930
Close
-
List price
$1.1M
Original List price
$1.3M
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
IG25071416
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(96th), sqft - 3300(96th), beds - undefined(50th), baths - undefined(50th).

Welcome to this spacious and versatile 4-bedroom multi-unit property in the heart of East LA, just minutes from City Terrace and with easy access to the 60 Freeway. This well-maintained residence presents a fantastic opportunity for both comfortable living and investment potential.The first-floor units each feature 2 bedrooms, 2 full bathrooms, a kitchen, and a living area, while the upper-floor units offer 2 bedrooms, 1 full bathroom, a kitchen, and a living area, with access via front or back stairs.Outside, a charming sitting area provides the perfect space for outdoor entertaining or unwinding under the stars. The property also includes convenient parking options, ensuring ease of access for residents and guests. Tenants are responsible for all utilities except water, which is covered by the owner. With its prime location near City Terrace and the 60 Freeway, this multi-unit property blends urban convenience with suburban tranquility. Don't miss out on this incredible investment opportunity—schedule a showing today and explore the possibilities!

Condition Rating
Poor
The property was built in 1930, making it 94 years old. While described as 'well-maintained,' the listing explicitly notes 'undisclosed modernization status' and 'potential for outdated systems, infrastructure, and higher ongoing maintenance costs.' Without any interior images or specific renovation dates, particularly for kitchens and bathrooms, it's highly probable these critical areas are significantly outdated, requiring substantial repairs and rehabilitation to meet current standards. The exterior image shows an older building that appears to have basic upkeep but no signs of recent, comprehensive modernization. The significant price reduction also suggests underlying issues or a need for considerable investment.
Pros & Cons

Pros

Strong Investment Opportunity: As a quadruplex, this property offers significant income-generating potential with versatile unit configurations (two 2-bed/2-bath and two 2-bed/1-bath units) appealing to a broad tenant base.
Prime Urban Location: Situated in the heart of East LA, the property boasts excellent connectivity with easy access to the 60 Freeway and proximity to City Terrace, enhancing its appeal for renters seeking urban convenience.
Generous Space & Lot Size: With 3,300 sqft of living space on a substantial 11,309 sqft lot, the property provides ample room for residents and potential for outdoor enjoyment or future development (subject to zoning).
Desirable Features & Views: The property includes convenient parking options, a charming outdoor sitting area, and offers desirable city lights views, adding to its aesthetic and functional appeal.
Favorable Owner Expense Structure: Tenants are responsible for all utilities except water, which is covered by the owner, presenting a financially advantageous arrangement for the property investor.

Cons

Advanced Property Age: Built in 1930, the property's age suggests potential for outdated systems, infrastructure, and higher ongoing maintenance costs, which may require significant capital investment over time.
Notable Price Reduction: The property has undergone a significant price reduction from $1.3M to $1.1M, which could indicate previous overpricing, market resistance, or potential underlying issues that warrant further investigation.
Undisclosed Modernization Status: While described as 'well-maintained,' the listing lacks specific details regarding recent upgrades or renovations to individual unit interiors (e.g., kitchens, bathrooms), which might be expected for a property of this vintage.

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