1415 S Union, Los Angeles, California 90015, Los Angeles, 90015 - bed, bath
ACTIVE$900,000
1415 S Union, Los Angeles, California 90015
0Bed
0Bath
3,694Sqft
7,303Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Residential Income Property: As a quadruplex, this property offers four distinct income streams, providing a strong investment opportunity and potential for consistent rental revenue.
Top Cons:
Age and Potential for Costly Upgrades: Constructed in 1920, the property likely requires substantial investment in updating essential systems (plumbing, electrical, HVAC) and general deferred maintenance, which could be a significant expense.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1920 (105 years old).
Condition: Built in 1920, this Victorian property shows significant signs of age and deferred maintenance on its exterior, including peeling paint and worn features. The listing provides no information or visual evidence of recent renovations. Given its age, it is highly probable that major systems (plumbing, electrical, HVAC) are original or very old and require substantial repairs or replacement. Without interior photos, it's inferred that kitchens and bathrooms are severely outdated and in need of complete renovation. The property requires substantial rehabilitation to meet modern living standards and functionality.
Year Built
1920
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$244
HOA
-
Days on market
-
Sold On
-
MLS number
PW25233651
Home ConditionPoor
Features
View-
About this home
Beautiful 4 Unit Victorian nestled in Los Angles. Each unit consist of a spacious 1 bed room and 1 bath. 2 units are located on first floor and 2 units located upstairs. Property is conveniently located with in minutes to Staples Center and LA Convention Center, museums, boutiques, along with great dinning to name a few. Minuets to freeway.
Condition Rating
Poor
Built in 1920, this Victorian property shows significant signs of age and deferred maintenance on its exterior, including peeling paint and worn features. The listing provides no information or visual evidence of recent renovations. Given its age, it is highly probable that major systems (plumbing, electrical, HVAC) are original or very old and require substantial repairs or replacement. Without interior photos, it's inferred that kitchens and bathrooms are severely outdated and in need of complete renovation. The property requires substantial rehabilitation to meet modern living standards and functionality.
Pros & Cons
Pros
Residential Income Property: As a quadruplex, this property offers four distinct income streams, providing a strong investment opportunity and potential for consistent rental revenue.
Prime Downtown Los Angeles Location: Strategically located minutes from major attractions like Staples Center, LA Convention Center, museums, and dining, ensuring high tenant demand and potential for appreciation.
Historic Victorian Architecture: The 'Beautiful 4 Unit Victorian' style provides unique aesthetic appeal and character, which can attract discerning tenants and add to the property's market value.
Spacious 1-Bedroom Units: Each unit is described as a 'spacious 1 bed room and 1 bath,' which is attractive to renters seeking comfortable living spaces in a desirable urban area.
Value-Add Potential: Built in 1920, the property presents significant opportunities for renovation and modernization, allowing an investor to increase rental income and overall property value.
Cons
Age and Potential for Costly Upgrades: Constructed in 1920, the property likely requires substantial investment in updating essential systems (plumbing, electrical, HVAC) and general deferred maintenance, which could be a significant expense.
Lack of Views: The property explicitly states 'view: None,' which can be a drawback in the Los Angeles market where scenic views often command a premium and enhance desirability.
Limited Unit Configuration: All four units are 1-bedroom, 1-bath, which may limit the diversity of the tenant pool and potentially restrict optimal rental income compared to properties offering a mix of unit sizes.