1213 W 93rd Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

1213 W 93rd Street, Los Angeles, California 90044 home-pic-0
ACTIVE$1,990,000
1213 W 93rd Street, Los Angeles, California 90044
0Bed
0Bath
4,980Sqft
9,416Lot
Year Built
1922
Close
-
List price
$1.99M
Original List price
$2.2M
Price/Sqft
$400
HOA
-
Days on market
-
Sold On
-
MLS number
OC24183337
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.99M(97th), sqft - 4980(97th), beds - undefined(50th), baths - undefined(50th).

Priced under recent appraisal... Seller says SELL!! Unique property BUNDLE that includes a well-maintained single-family residence and a modern duplex, all situated on a spacious 9,416 sq. ft. lot. The single-family home, built in 1922, is conveniently located at the front of the lot and features 2 bedrooms, 1 bathroom, and 1,180 sq. ft. of living space, complete with a one-car garage. At the back, the contemporary duplex, constructed in 2019, boasts two expansive units. Each has 1,900 sq. ft. of open-concept living space, 2-car attached garages, and 4 bedrooms and 3 bathrooms totaling 8 bedrooms and 6 bathrooms in the duplex alone. The combined livable space for all 3 units is approximately 4,980 sq. ft. Each is equipped with essential appliances and features convenient inside laundry areas. Ample open parking is available for residents and guests. Ideally situated near the 105, 110, and 405 Freeways, this property offers easy access to major routes and local amenities. With a total of 10 bedrooms and 7 bathrooms, this property provides significant investment potential on a single lot with two buildings. We’re also accepting crypto payments, making it easier than ever to secure your spot. Don’t miss this exceptional opportunity to own a versatile and valuable real estate asset!

Price History

Date
Event
Price
10/01/15
Sold
$295,000
Condition Rating
Fair

This property is a bundle consisting of a modern duplex built in 2019 and a single-family home built in 1922. The images provided exclusively showcase the duplex, which is in excellent condition with contemporary kitchens (stainless steel appliances, white shaker cabinets, modern lighting), updated bathrooms, and new flooring throughout. However, the 1922 single-family home, while described as 'well-maintained,' is over 100 years old. Without specific renovation details or images for the older unit, it is highly probable that its systems, kitchen, and bathroom styles are significantly outdated and beyond their expected lifespan, even if functional. The presence of this much older component prevents an 'Excellent' or 'Good' overall rating for the entire property, as not all components meet current quality standards or fall within the specified renovation timelines for those higher scores. Therefore, the property is rated 'Fair,' acknowledging the need for potential updates or repairs in the older unit to match the modern standard of the newer units, despite the majority of the living space being in excellent condition.
Pros & Cons

Pros

High Income Potential & Versatility: This unique property bundle includes a single-family residence and a modern duplex, offering three distinct units with a total of 10 bedrooms and 7 bathrooms, providing significant rental income potential and flexible investment strategies.
Modern Duplex Construction: The duplex, built in 2019, features contemporary design, expansive 1,900 sq. ft. units, attached 2-car garages, essential appliances, and inside laundry, appealing strongly to modern tenants.
Strategic Location & Accessibility: Ideally situated with easy access to major freeways (105, 110, and 405), enhancing tenant convenience and property value due to excellent connectivity across Los Angeles.
Value Proposition & Motivated Seller: The property is priced under a recent appraisal and has seen a significant reduction from its original list price, indicating a motivated seller and potential for a favorable acquisition for the buyer.
Ample Parking & Large Lot: The spacious 9,416 sq. ft. lot provides ample open parking in addition to the attached garages for the duplex, a valuable asset in a dense urban environment.

Cons

Age of Single-Family Residence: The front single-family home was built in 1922. While well-maintained, its age may imply older systems, potentially higher maintenance costs, or a less modern aesthetic compared to the newer duplex units.
Mixed Property Ages & Styles: The significant age difference between the 1922 single-family home and the 2019 duplex could lead to varied tenant expectations, maintenance requirements, and potentially complicate unified property management.
High Initial Investment: With a list price of $1.99 million, this property represents a substantial initial investment, which may narrow the pool of potential buyers to well-capitalized investors or those with specific financing capabilities.

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