1216 S Mullen Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 4 bed, 4 bath
PENDING$750,000
1216 S Mullen Avenue, Los Angeles, California 90019
4Beds
4Baths
1,871Sqft
5,581Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Quadruplex: The property is a true quadruplex with four individual 1-bedroom, 1-bathroom units, providing multiple streams of income and strong rental potential for investors.
Top Cons:
Age-Related Maintenance: Built in 1923, the property likely requires significant capital expenditure for updating outdated systems (plumbing, electrical, HVAC) and general maintenance.
Compared to the nearby listings
Price:$750.0K vs avg $1.15M ($-400,000)8%
Size:1,871 sqft vs avg 3,386 sqft15%
Price/sqft:$401 vs avg $40150%
More Insights
Built in 1923 (102 years old).
Condition: Built in 1923, this property is over 100 years old. The MLS description explicitly states it's an 'investor's dream opportunity' implying 'substantial renovation and modernization are needed' and 'likely requires significant capital expenditure for updating outdated systems (plumbing, electrical, HVAC) and general maintenance.' The images confirm this, showing extremely dated and basic kitchens with old appliances, minimal cabinetry, and makeshift shelving. Bathrooms feature old vanities, basic fixtures, and outdated tiling. Living areas have visible window AC units, old ceiling fans, and exposed wiring, indicating a lack of modern electrical and HVAC systems. The overall condition suggests major components require repair and rehabilitation to meet current standards and tenant expectations.
Year Built
1923
Close
-
List price
$750K
Original List price
$900K
Price/Sqft
$401
HOA
-
Days on market
-
Sold On
-
MLS number
PW25166129
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Investor’s Dream Opportunity! This 1923 Spanish Charmer is on title as a true quadruplex, featuring 4 individual 1-bedroom, 1-bathroom units—perfect for generating multiple streams of income. Situated on a 5,581 sq. ft. lot in an exclusive mid-city neighborhood, central to the West Side and just minutes from Mid-Town Crossing, this property offers strong rental potential. The expansive lot size provides room for added value down the road—whether through future improvements, expansion, or redevelopment. A rare chance to secure a historically charming investment property in a prime location!
Price History
Date
Event
Price
05/11/98
Sold
$133,000
Condition Rating
Poor
Built in 1923, this property is over 100 years old. The MLS description explicitly states it's an 'investor's dream opportunity' implying 'substantial renovation and modernization are needed' and 'likely requires significant capital expenditure for updating outdated systems (plumbing, electrical, HVAC) and general maintenance.' The images confirm this, showing extremely dated and basic kitchens with old appliances, minimal cabinetry, and makeshift shelving. Bathrooms feature old vanities, basic fixtures, and outdated tiling. Living areas have visible window AC units, old ceiling fans, and exposed wiring, indicating a lack of modern electrical and HVAC systems. The overall condition suggests major components require repair and rehabilitation to meet current standards and tenant expectations.
Pros & Cons
Pros
Income-Generating Quadruplex: The property is a true quadruplex with four individual 1-bedroom, 1-bathroom units, providing multiple streams of income and strong rental potential for investors.
Prime Mid-City Location: Situated in an exclusive mid-city neighborhood, central to the West Side and minutes from Mid-Town Crossing, offering high demand and potential for appreciation.
Value-Add Potential: The expansive 5,581 sq. ft. lot provides significant room for future improvements, expansion, or redevelopment, enhancing long-term value.
Historic Charm: A 1923 Spanish Charmer, the property offers unique architectural appeal that can attract tenants seeking character-rich residences.
Strong Rental Market: The combination of a quadruplex structure and a desirable Los Angeles location ensures robust rental demand and consistent occupancy.
Cons
Age-Related Maintenance: Built in 1923, the property likely requires significant capital expenditure for updating outdated systems (plumbing, electrical, HVAC) and general maintenance.
Recent Price Reductions: Multiple price drops from the original list price ($899,999 to $750,000) could indicate initial overpricing or potential market resistance, suggesting a need for further evaluation.
Required Renovation/Upgrades: As an 'investor's dream opportunity,' it implies substantial renovation and modernization are needed to maximize rental income and tenant appeal, incurring significant upfront costs.