1216 S Mullen Avenue, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath
PENDING$750,000
1216 S Mullen Avenue, Los Angeles, California 90019
0Bed
0Bath
1,871Sqft
5,581Lot
Year Built
1923
Close
-
List price
$750K
Original List price
$900K
Price/Sqft
$401
HOA
-
Days on market
-
Sold On
-
MLS number
PW25188265
Home ConditionPoor
Features
Good View:
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About this home
We found 3 Cons,5 Pros. Rank: price - $750.0K(8th), sqft - 1871(15th), beds - undefined(50th), baths - undefined(50th).
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
11/12/25
Price Change
$750,000-11.8%
10/24/25
Price Change
$850,000-5.6%
08/26/25
Listing
$899,999
05/11/98
Sold
$133,000
Condition Rating
Poor
Built in 1923, this quadruplex shows significant signs of age and deferred maintenance. The kitchens feature very outdated appliances, basic fixtures, and dated aesthetics (e.g., bright green cabinets, foil-covered stove). There are no images of bathrooms, which typically indicates they are in poor condition. The property lacks central air conditioning, relying on window units, and has prevalent popcorn ceilings and older windows. While functional as an income property, it requires substantial repairs and rehabilitation to meet modern living standards and maximize its potential, aligning with the 'poor' condition criteria.
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.
Prime Mid-City Los Angeles 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.
Significant Value-Add Potential: The expansive 5,581 sq. ft. lot provides ample room for future improvements, expansion, or redevelopment, enhancing long-term value.
Historic Spanish Charm: Built in 1923, the property boasts a 'Spanish Charmer' aesthetic, which can attract tenants and contribute to its unique market appeal.
Recent Price Reduction: The list price has been significantly reduced from $899,999 to $750,000, potentially offering a more attractive investment entry point.
Cons
Advanced Age of Property: Built in 1923, the property is nearly a century old, suggesting potential for significant deferred maintenance, outdated systems, and higher renovation costs.
Limited Unit Configuration: All four units are 1-bedroom, 1-bathroom, which may limit the tenant demographic and potential rental income compared to properties with larger or more varied unit sizes.
Currently Under Contract: The property is listed as 'Pending,' indicating it is currently off the market and unavailable for new offers, which is a drawback for interested buyers.