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1361 Armadale Avenue, Los Angeles, California 90042, Los Angeles, 90042 - 7 bed, 3 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
7Beds
3Baths
2,557Sqft
8,496Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Income Potential: The property features three separate, tenant-occupied homes generating a combined monthly rent of $10,200, offering significant income for investors or mortgage offsetting for an owner-user.
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. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 6.

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: The property, built in 1923, is described as 'move-in condition' and 'thoughtfully updated.' Images confirm recent renovations in kitchens and bathrooms across all three units, featuring modern shaker cabinets, stainless steel appliances, subway tile, and contemporary fixtures. Hardwood floors are well-maintained throughout. These updates appear to be within the last 5-15 years, making the property move-in ready with no immediate renovation required. However, the overall age of the structure and the presence of window AC units in some areas prevent an 'Excellent' rating, which would imply virtually new components throughout or a much newer build.
Year Built
1923
Close
-
List price
$1.82M
Original List price
$1.82M
Price/Sqft
$714
HOA
-
Days on market
-
Sold On
-
MLS number
AR26013239
Home ConditionGood
Features
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
The property, built in 1923, is described as 'move-in condition' and 'thoughtfully updated.' Images confirm recent renovations in kitchens and bathrooms across all three units, featuring modern shaker cabinets, stainless steel appliances, subway tile, and contemporary fixtures. Hardwood floors are well-maintained throughout. These updates appear to be within the last 5-15 years, making the property move-in ready with no immediate renovation required. However, the overall age of the structure and the presence of window AC units in some areas prevent an 'Excellent' rating, which would imply virtually new components throughout or a much newer build.
Pros & Cons

Pros

Strong Income Potential: The property features three separate, tenant-occupied homes generating a combined monthly rent of $10,200, offering significant income for investors or mortgage offsetting for an owner-user.
Prime Highland Park Location: Located in a highly desirable and rapidly appreciating pocket of Highland Park, just one block from York Boulevard's shops and cafes, enhancing its appeal and future value.
Versatile Investment Opportunity: This unique setup is ideal for a 1031 exchange buyer, portfolio expansion, or an owner-user looking to live in a vibrant neighborhood while offsetting their mortgage with rental income.
Individualized & Updated Units: Each of the three separate homes has been thoughtfully updated, possesses its own character, and offers privacy with individual fenced yards/lounge areas and laundry facilities.
Ample Parking & Garage: The property provides off-street parking for each unit and includes a spacious 2-car garage, a valuable amenity in an urban environment.

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. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 6.
Historic Property Maintenance: Built in 1923, the property may entail ongoing maintenance and potential for unforeseen issues common with older structures, despite recent updates.
Tenant Occupancy Constraints: Current tenant occupancy, while income-generating, could complicate immediate owner-user plans, significant renovations, or rent adjustments due to existing lease agreements and tenant rights.
Limited Specifics on System Upgrades: While described as 'thoughtfully updated,' the listing lacks detailed information on major system upgrades (e.g., plumbing, electrical, HVAC), which could be a future consideration for a property of this age.
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