126 E 89th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$898,999
126 E 89th Street, Los Angeles, California 90003
0Bed
0Bath
3,204Sqft
5,386Lot
Year Built
1964
Close
-
List price
$899K
Original List price
$1,000K
Price/Sqft
$281
HOA
-
Days on market
-
Sold On
-
MLS number
RS24104767
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $899.0K(81th), sqft - 3204(90th), beds - undefined(50th), baths - undefined(50th).
Great opportunity to own four units Three units rented One vacant unit Laundry in each unit Each unit two bedrooms and 1 bath Plenty of parking Close to LAX and Downtown LA
Price History
Date
Event
Price
11/21/25
Price Change
$898,999-0.1%
08/30/25
Price Change
$899,999
05/29/24
Listing
$999,999
03/31/06
Sold
$650,000
08/19/05
Sold
$550,000
10/05/04
Sold
$400,000
06/01/01
Sold
$304,000
02/02/01
Sold
$200,000
Condition Rating
Fair
The property was built in 1964, making it 60 years old. The images clearly show significantly dated interiors. The kitchen features older white appliances, laminate countertops, and linoleum flooring, suggesting a renovation (if any) that is several decades old. Bathrooms are similarly outdated with older vanities, basic fixtures, and dated flooring. Carpets appear worn, and light fixtures are basic. While the property appears functional and livable, as evidenced by three units being rented, it has not undergone major modern renovations. It requires substantial cosmetic updates and potential system upgrades to meet current standards, but does not present immediate safety or structural concerns that would classify it as 'Poor'.
Pros & Cons
Pros
Strong Income Potential: As a quadruplex with four units, the property offers excellent potential for consistent rental income, making it an attractive investment.
Immediate Cash Flow: Three of the four units are currently rented, ensuring immediate revenue generation for the new owner upon acquisition.
Value-Add Opportunity: The presence of one vacant unit provides flexibility for the buyer to place a new tenant at current market rates or to occupy a unit themselves, potentially increasing overall income.
Desirable Tenant Amenities: Each unit includes in-unit laundry facilities, a highly sought-after feature that enhances tenant satisfaction and retention.
Strategic Location & Parking: The property's proximity to major employment hubs like LAX and Downtown LA, combined with ample parking, makes it appealing to a broad tenant base.
Cons
Property Age & Potential Deferred Maintenance: Built in 1964, the property may have aging systems and components, potentially requiring significant capital expenditures for updates or repairs in the near future.
Limited Disclosure on Condition: The property description is sparse on details regarding the current condition of the units or any recent renovations, which could imply dated interiors or undisclosed maintenance needs.
Significant Price Adjustments: The substantial reduction from the original list price suggests potential market resistance or an initial overvaluation, which might warrant further due diligence into the property's true market value and condition.