1303 W 109th Place, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$1,190,000
1303 W 109th Place, Los Angeles, California 90044
0Bed
0Bath
1,750Sqft
7,968Lot
Year Built
1956
Close
-
List price
$1.19M
Original List price
$1.19M
Price/Sqft
$680
HOA
-
Days on market
-
Sold On
-
MLS number
OC25150989
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.19M(91th), sqft - 1750(25th), beds - undefined(50th), baths - undefined(50th).
Three unit property, Duplex in front with 3 bedrooms, one bath each, and newly constructed modern, 833.5sqft ADU, built in 2023 with 2 bedrooms and 2 bathrooms. Tenant occupied- please do not disturb tenants. In a 7,966 sqft lot. Just minutes from LAX airport, Sofi Stadium. Intuit Dome and many other So. Cal attractions. Thanks
Price History
Date
Event
Price
01/22/13
Sold
$300,000
09/28/07
Sold
$610,000
Condition Rating
Good
This property presents a mixed condition due to its multi-unit nature. The newly constructed ADU (built 2023) is in excellent condition, featuring modern bathrooms with stylish vanities, contemporary tiling, and new fixtures, as well as presumably new kitchen appliances and finishes (though not explicitly shown for the ADU kitchen). The original duplex units, built in 1956, show signs of age. The kitchen in one of the duplex units has painted black cabinets, older-style mosaic backsplash, basic white appliances, and dated floor tiles, placing it in the 'fair' category. The living area in the duplex has what appears to be updated laminate or hardwood flooring and a ceiling fan, suggesting some maintenance but not a full modern renovation. Overall, the property is move-in ready, with the brand-new ADU significantly elevating the overall quality, balancing out the older, more dated duplex units. This blend results in a 'Good' score, as it offers a mix of new construction and well-maintained older components.
Pros & Cons
Pros
High Income Potential: The property features three distinct rental units (a duplex with two 3-bed/1-bath units and a new 2-bed/2-bath ADU), offering diversified and substantial rental income streams.
Brand New ADU: A newly constructed (2023), modern 833.5 sqft Accessory Dwelling Unit (ADU) with 2 bedrooms and 2 bathrooms significantly enhances property value, attracts premium tenants, and boosts overall rental income.
Strategic Location: Located minutes from major attractions and employment hubs such as LAX airport, SoFi Stadium, and Intuit Dome, ensuring high rental demand and strong potential for property appreciation.
Immediate Cash Flow: The property is tenant-occupied, providing immediate rental income for the new owner from day one, making it an attractive turnkey investment.
Versatile Investment Type: As a residential income property with multiple units, it appeals to a broad range of investors seeking stable returns, long-term growth, and portfolio diversification.
Cons
Age of Main Structures: The original duplex was built in 1956, which may imply potential for deferred maintenance, outdated systems, or future renovation costs for the older units compared to the new ADU.
Tenant Occupancy Restrictions: The 'tenant occupied - please do not disturb tenants' directive could complicate property showings, inspections, and due diligence processes for prospective buyers.
Los Angeles Rental Regulations: Operating an income property in Los Angeles requires navigating complex rent control and tenant protection laws, which may limit flexibility in rent adjustments and tenant management.