1208 E 76th Place, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath
ACTIVE$850,000
1208 E 76th Place, Los Angeles, California 90001
0Bed
0Bath
1,826Sqft
5,198Lot
Year Built
1924
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$465
HOA
-
Days on market
-
Sold On
-
MLS number
DW24097904
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $850.0K(86th), sqft - 1826(86th), beds - undefined(50th), baths - undefined(50th).
Great Investment Property! Duplex with 2 bedrooms 1 bath each. Front Unit has driveway that can fit up to 3 cars. Rear unit has gated alley access with 2 parking spaces and plenty of parking long driveway. The property has no Garage.
Price History
Date
Event
Price
09/23/20
Sold
$529,000
Condition Rating
Poor
Built in 1924, this duplex features extremely dated kitchens and bathrooms in both units, consistent with renovations 30-50 years ago or older. Appliances are visibly old, countertops are laminate, and fixtures are basic. While the hardwood floors appear maintained, the property's advanced age and the condition of its wet areas indicate a need for substantial repairs and rehabilitation, including likely updates to older systems (plumbing, electrical) as noted in the property analysis.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex with two separate 2-bedroom, 1-bath units, providing diversified rental income streams and strong investment potential.
Ample Off-Street Parking: Both units benefit from dedicated parking; the front unit has a 3-car driveway, and the rear unit offers gated alley access with 2 spaces plus a long driveway, a significant advantage in Los Angeles.
Investment Focus: Explicitly marketed as a 'Great Investment Property,' highlighting its primary appeal and potential for rental income.
Desirable Location: Located in Los Angeles (90001), a high-demand rental market, which typically ensures consistent tenant interest and potential for appreciation.
Generous Lot Size: The 5198 sqft lot provides ample outdoor space and potential for future enhancements or expansion, subject to local zoning regulations.
Cons
Advanced Age of Property: Built in 1924, the property is likely to have older systems (plumbing, electrical) and may require significant capital expenditures for updates, maintenance, and potential structural repairs.
Lack of Garage: The property explicitly states 'no Garage,' which limits storage options, security, and potential for additional income generation (e.g., garage rental or ADU conversion).
Significant Price Appreciation: The current list price of $850,000 represents a substantial increase from its 2020 sale price of $529,000, which may impact immediate cash flow projections and perceived value for a new investor.