1230 E 68th, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath
ACTIVE$800,000$2,084/sqft
1230 E 68th, Los Angeles, California 90001
0Bed
0Bath
2,084Sqft
5,044Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: This property presents a 'Great Triplex Opportunity' as a residential income property, ideal for investors seeking multiple revenue streams.
Top Cons:
Age of Primary Structure: The main building was constructed in 1932, which may imply older infrastructure or potential for future maintenance requirements, despite recent updates.
Compared to the nearby listings
Price:$800.0K vs avg $708.0K (+$92,000)82%
Size:2,084 sqft vs avg 1,320 sqft82%
Price/sqft:$384 vs avg $47336%
More Insights
Built in 1932 (94 years old).
Condition: The property, with a main building from 1932, has been described as 'well-maintained with several updates and upgrades throughout,' and a back building built in 2006. While the back building's age falls within the 'good' category, the interior images, particularly the kitchen, show functional but stylistically outdated components. The kitchen features painted older cabinets, laminate countertops, and an older white gas range, suggesting a budget-friendly update rather than a comprehensive modern renovation. The bathroom is cleaner and appears more recently updated with a newer vanity, but still features a basic tub/shower combo. The flooring (tile and carpet) appears clean and in good condition. Overall, the property is move-in ready and functional, but the kitchen's outdated style and the age of the primary structure indicate that major components are functional but show signs of being outdated, aligning with a 'fair' condition score.
Year Built
1932
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$384
HOA
-
Days on market
-
Sold On
-
MLS number
CV26010957
Home ConditionFair
Features
Patio
View-
About this home
**Great Triplex Opportunity in the Florence-Firestone community(unincorporated LA County)** Two Buildings, consisting of a 2 bedroom, 1 bath with a bonus room and two 1 bedroom 1 bath units. Back building was built in 2006. Units are all separately metered making managing straight forward and efficient. Property is well-maintained with several updates and upgrades throughout. Conveniently located to 110 and 105 freeways, also conveniently located near Downtown, Inglewood, Huntington Park, and several surrounding cities. This opportunity offers an attractive 7% Cap Rate with the potential to reach 10.14%.
L
Luis Olazabal
Listing Agent
Condition Rating
Fair
The property, with a main building from 1932, has been described as 'well-maintained with several updates and upgrades throughout,' and a back building built in 2006. While the back building's age falls within the 'good' category, the interior images, particularly the kitchen, show functional but stylistically outdated components. The kitchen features painted older cabinets, laminate countertops, and an older white gas range, suggesting a budget-friendly update rather than a comprehensive modern renovation. The bathroom is cleaner and appears more recently updated with a newer vanity, but still features a basic tub/shower combo. The flooring (tile and carpet) appears clean and in good condition. Overall, the property is move-in ready and functional, but the kitchen's outdated style and the age of the primary structure indicate that major components are functional but show signs of being outdated, aligning with a 'fair' condition score.
Pros & Cons
Pros
Income-Generating Triplex: This property presents a 'Great Triplex Opportunity' as a residential income property, ideal for investors seeking multiple revenue streams.
High Investment Return Potential: Offers an attractive 7% Cap Rate with the potential to reach 10.14%, indicating strong financial performance and growth prospects.
Efficient Management: All units are separately metered, simplifying utility management and making landlord responsibilities straightforward and efficient.
Strategic Location: Conveniently located with easy access to the 110 and 105 freeways, and close proximity to Downtown, Inglewood, Huntington Park, and other surrounding cities.
Well-Maintained with Updates: The property is described as well-maintained with several updates and upgrades throughout, including a back building constructed in 2006, reducing immediate capital expenditure concerns.
Cons
Age of Primary Structure: The main building was constructed in 1932, which may imply older infrastructure or potential for future maintenance requirements, despite recent updates.
Unincorporated Area Status: Located in the Florence-Firestone community, an unincorporated area of LA County, which might entail specific regulatory differences or service considerations compared to incorporated cities.
Limited Financial Transparency: While an attractive cap rate is provided, the description lacks detailed financial breakdowns such as current rent rolls, expense reports, or lease terms, which are essential for a comprehensive investor analysis.