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1361 Armadale Avenue, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath

1361 Armadale Avenue, Los Angeles, California 90042 home-pic-0
ACTIVE$1,825,000$2,557/sqft
1361 Armadale Avenue, Los Angeles, California 90042
0Bed
0Bath
2,557Sqft
8,496Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Income Potential: The property is a triplex with all units tenant-occupied, generating a combined monthly rent of $10,200, making it ideal for investors, 1031 exchange, or owner-users seeking mortgage offset.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2557, other record living area = 2153.

Compared to the nearby listings

Price:$1.82M vs avg $1.03M (+$790,000)89%
Size:2,557 sqft vs avg 2,011 sqft78%
Price/sqft:$714 vs avg $69567%

More Insights

Built in 1923 (103 years old).
Condition: This 1923 property has been extensively and thoughtfully updated, making all three units move-in ready. The kitchens feature modern white shaker cabinets, stainless steel appliances, and contemporary backsplashes (subway tile, geometric teal, and patterned black/white). Bathrooms are also updated with modern vanities, black fixtures, subway tile showers, and stylish floor tiles. Hardwood floors are present throughout, and lighting fixtures are modern. While the property is clearly well-maintained and recently renovated, the presence of visible window AC units and wall heaters, rather than central HVAC, and the lack of explicit dates for major system overhauls, place it in the 'Good' category rather than 'Excellent' which typically implies all components are virtually new and meet the highest current standards.
Year Built
1923
Close
-
List price
$1.82M
Original List price
$1.82M
Price/Sqft
$714
HOA
-
Days on market
-
Sold On
-
MLS number
AR26011715
Home ConditionGood
Features
Good View:
Deck
Patio
View-

About this home

Rare gem alert! Magical, move-in condition Highland Park compound with THREE totally separate homes just ONE BLOCK from York! Located in the most prime pocket of Highland Park on a sleepy residential street yet just a stone's throw to the adorable shops and cafes along York Boulevard! All three homes have been thoughtfully updated and have their own soulful character and charm. Each of them are totally separate and feature their own fenced in yard / lounge areas, off street parking and individual laundry areas. A long driveway also leads to a spacious 2 car garage! The front home is a whimsical and sunny 3-bed 1-bath with hardwood floors and tons of original built-ins! The middle home is also a 3-bedroom, 1-bath with its own cheerful / artsy character as well. The super cute back unit has a cozy treehouse vibe and is a 1-bed 1-bath tucked away above the garages. This unit features a spacious fenced-in backyard. Each unit has its own character and feels totally private. All units are currently tenant-occupied with combined monthly rents of $10,200. Perfect for a 1031 exchange buyer, portfolio addition or owner user looking to live in one of LA's hottest neighborhoods while offsetting their mortgage with rents! This rare setup in such a phenomenal and rapidly appreciating location makes for an incredible and versatile opportunity!

J
Jessica Romero
Listing Agent

Price History

Date
Event
Price
05/08/20
Sold
$1,010,000
03/14/11
Sold
$340,000
10/16/06
Sold
$640,000
Condition Rating
Good
This 1923 property has been extensively and thoughtfully updated, making all three units move-in ready. The kitchens feature modern white shaker cabinets, stainless steel appliances, and contemporary backsplashes (subway tile, geometric teal, and patterned black/white). Bathrooms are also updated with modern vanities, black fixtures, subway tile showers, and stylish floor tiles. Hardwood floors are present throughout, and lighting fixtures are modern. While the property is clearly well-maintained and recently renovated, the presence of visible window AC units and wall heaters, rather than central HVAC, and the lack of explicit dates for major system overhauls, place it in the 'Good' category rather than 'Excellent' which typically implies all components are virtually new and meet the highest current standards.
Pros & Cons

Pros

Exceptional Income Potential: The property is a triplex with all units tenant-occupied, generating a combined monthly rent of $10,200, making it ideal for investors, 1031 exchange, or owner-users seeking mortgage offset.
Prime Highland Park Location: Situated in a highly desirable, rapidly appreciating pocket of Highland Park, just one block from York Boulevard's popular shops and cafes, offering excellent walkability and lifestyle.
Versatile Investment Opportunity: The unique setup of three separate homes provides flexibility for various buyer profiles, including investors, portfolio expansion, or owner-occupants looking to leverage rental income.
Thoughtfully Updated & Move-in Ready: All three homes are described as 'magical, move-in condition' and 'thoughtfully updated,' suggesting reduced immediate capital expenditure for a new owner.
Individual Unit Amenities & Privacy: Each unit boasts its own fenced yard/lounge area, off-street parking, and individual laundry, enhancing tenant satisfaction and privacy, which is a strong selling point for multi-unit properties.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2557, other record living area = 2153.
Age of Property (1923): Despite updates, a 1923 build year may imply potential for older infrastructure (plumbing, electrical, foundation) that could require significant maintenance or upgrades in the future, not explicitly detailed.
Tenant Occupancy for Owner-Users: While beneficial for income, the current tenant-occupied status could pose challenges for an owner-user desiring immediate occupancy or extensive renovations, potentially involving complex tenant relocation processes in Los Angeles.
Potential for Rent Control Restrictions: As an older multi-unit property in Los Angeles, it is likely subject to the city's Rent Stabilization Ordinance (RSO), which could limit future rent increases and tenant eviction options, impacting long-term investment flexibility.
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