135 E 77th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$665,000
135 E 77th Street, Los Angeles, California 90003
0Bed
0Bath
1,814Sqft
5,102Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Property: The property is a triplex, offering multiple streams of rental income and strong investment potential in the Los Angeles market.
Top Cons:
Property Age: Built in 1928, the property is nearly a century old, which may imply a higher likelihood of needing future capital expenditures for system upgrades or structural maintenance.
Compared to the nearby listings
Price:$665.0K vs avg $735.0K ($-70,000)36%
Size:1,814 sqft vs avg 1,850 sqft50%
Price/sqft:$367 vs avg $36850%
More Insights
Built in 1928 (97 years old).
Condition: The property was built in 1928, making it 96 years old. While the listing states 'ALL UNITS ARE IN GOOD CONDITION,' no interior images are provided to verify the condition, style, or features of critical areas like kitchens and bathrooms, flooring, or systems. The exterior images show an aged building with rough stucco and worn concrete, though the windows appear to be updated. Given its age and the lack of visual evidence for recent, comprehensive renovations, it's highly probable that major components are functional but outdated, requiring minor updates or showing signs of wear. This aligns with the 'Fair' condition criteria, indicating an aged but maintained property that is functional but not modern.
Year Built
1928
Close
-
List price
$665K
Original List price
$665K
Price/Sqft
$367
HOA
-
Days on market
-
Sold On
-
MLS number
DW25179430
Home ConditionFair
Features
Patio
View-
About this home
BIG OPPORTUNITY 3 UNITS WITH 1 BED AND I BATH. ALL UNITS ARE IN GOOD CONDITION IN A GOOD AREA WITH A LONG DRIVEWAY ALSO IT IS GATED FOR PRIVACY AND all UNITS WILL BE DELIVERED WITH TENANTS. TENANTS PAY GAS AND ELECTRICITY AND SELLER PAYS WATER.
Condition Rating
Fair
The property was built in 1928, making it 96 years old. While the listing states 'ALL UNITS ARE IN GOOD CONDITION,' no interior images are provided to verify the condition, style, or features of critical areas like kitchens and bathrooms, flooring, or systems. The exterior images show an aged building with rough stucco and worn concrete, though the windows appear to be updated. Given its age and the lack of visual evidence for recent, comprehensive renovations, it's highly probable that major components are functional but outdated, requiring minor updates or showing signs of wear. This aligns with the 'Fair' condition criteria, indicating an aged but maintained property that is functional but not modern.
Pros & Cons
Pros
Multi-Unit Income Property: The property is a triplex, offering multiple streams of rental income and strong investment potential in the Los Angeles market.
Immediate Cash Flow: All units will be delivered with existing tenants, ensuring immediate rental income and eliminating initial vacancy risk for the buyer.
Reduced Owner Expenses: Tenants are responsible for their own gas and electricity bills, significantly lowering the owner's ongoing utility expenses.
Enhanced Security & Parking: The property is gated for privacy and features a long driveway, providing secure off-street parking for residents.
Turnkey Condition & Desirable Area: Units are described as being in 'good condition' and located in a 'good area,' suggesting a ready-to-rent investment in a sought-after Los Angeles neighborhood.
Cons
Property Age: Built in 1928, the property is nearly a century old, which may imply a higher likelihood of needing future capital expenditures for system upgrades or structural maintenance.
Owner-Paid Water Utility: The owner is responsible for water expenses for all three units, which can be a significant and variable recurring cost impacting net operating income.
Compact Unit Layouts: Each unit is a 1-bedroom, 1-bathroom configuration, which may limit the tenant demographic and potential for higher rental income compared to properties with larger unit types.