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146 E 89th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

146 E 89th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$899,000
146 E 89th Street, Los Angeles, California 90003
0Bed
0Bath
3,522Sqft
5,388Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High-Yield Investment Potential: As an expansive triplex with three 2-bedroom, 1-bath units, the property offers significant rental income potential for investors or owner-occupants, maximizing cash flow.
Top Cons:
Age of Construction (1961): Built in 1961, the property is over 60 years old, suggesting potential for aging infrastructure, systems (plumbing, electrical), and components that may require significant capital expenditure for updates or repairs.

Compared to the nearby listings

Price:$899.0K vs avg $750.0K (+$149,000)81%
Size:3,522 sqft vs avg 1,902.5 sqft95%
Price/sqft:$255 vs avg $36510%

More Insights

Built in 1961 (64 years old).
Condition: Built in 1961, this property is over 60 years old. While it appears well-maintained and functional, the kitchens feature dated natural wood cabinetry and basic appliances, and the bathrooms, despite some minor updates like newer vanities, still exhibit older tile work and basic fixtures. The presence of wall heaters and window AC units instead of central HVAC indicates outdated and less efficient systems. The tile flooring in living areas is also dated. Although bedroom flooring has been updated to laminate, the property has not undergone a full recent renovation and shows its age, requiring minor updates to meet current aesthetic and efficiency standards.
Year Built
1961
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$255
HOA
-
Days on market
-
Sold On
-
MLS number
PW25161294
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Situated in the heart of Broadway-Manchester, this expansive triplex offers a prime investment opportunity with 3,522 sqft of living space on a generous lot featuring ample private parking—ideal for investors or owner-occupants looking to maximize rental income. The property includes three 2-bedroom, 1-bath units, with the front building housing two units and a detached back unit offering added privacy for potential owner occupancy. Fully enclosed with wrought iron fencing for added security, the property also boasts spacious front and back yards perfect for gatherings, summer BBQs, or providing a safe play space for children, along with dedicated rear parking. Each unit features tile flooring in the living areas and kitchens, bright windows for natural light, and ceiling fans for year-round comfort, while kitchens are equipped with natural wood cabinetry, gas stove/oven, double stainless steel sinks, refrigerators, and space for dining; bedrooms offer hardwood flooring and mirrored sliding door closets, and bathrooms include tile flooring, bathtub/shower combos, and ample storage. Ideally located in a vibrant, family-friendly neighborhood with easy access to restaurants, parks, retail, and grocery stores, and easy access to the 105 and 110 freeways, making commuting effortless across LA. Within close proximity to Inglewood and DTLA hotspots like SoFi Stadium, YouTube Theater, Kia Forum, Grand Central Market, Crypto.com Arena, LA Live, and Union Station—giving you the ultimate city lifestyle and everything LA has to offer, without the high ticket price tag. This opportunity will not last!

Price History

Date
Event
Price
06/27/19
Sold
$650,000
02/28/11
Sold
$241,000
03/22/10
Sold
$168,000
Condition Rating
Fair
Built in 1961, this property is over 60 years old. While it appears well-maintained and functional, the kitchens feature dated natural wood cabinetry and basic appliances, and the bathrooms, despite some minor updates like newer vanities, still exhibit older tile work and basic fixtures. The presence of wall heaters and window AC units instead of central HVAC indicates outdated and less efficient systems. The tile flooring in living areas is also dated. Although bedroom flooring has been updated to laminate, the property has not undergone a full recent renovation and shows its age, requiring minor updates to meet current aesthetic and efficiency standards.
Pros & Cons

Pros

High-Yield Investment Potential: As an expansive triplex with three 2-bedroom, 1-bath units, the property offers significant rental income potential for investors or owner-occupants, maximizing cash flow.
Strategic & Accessible Location: Situated in the vibrant Broadway-Manchester neighborhood with easy access to the 105 and 110 freeways, providing excellent connectivity to major LA employment hubs and entertainment venues like SoFi Stadium, DTLA, and Inglewood.
Ample Private Parking & Security: The property boasts ample private and dedicated rear parking, a highly desirable feature in Los Angeles, complemented by full wrought iron fencing for enhanced security.
Flexible Owner-Occupancy Option: The detached back unit provides a unique opportunity for an owner to reside on-site, benefiting from rental income from the other two units while maintaining privacy.
Desirable Outdoor Amenities: Spacious front and back yards offer valuable private outdoor space for residents, ideal for recreation, gatherings, and family activities.

Cons

Age of Construction (1961): Built in 1961, the property is over 60 years old, suggesting potential for aging infrastructure, systems (plumbing, electrical), and components that may require significant capital expenditure for updates or repairs.
Lack of Modern Amenities/Upgrades: While functional, the interior descriptions (e.g., natural wood cabinetry, tile/hardwood flooring) suggest standard or potentially dated finishes that may not appeal to tenants seeking modern amenities, potentially limiting rental upside without renovation.
Absence of Central Air Conditioning: The mention of 'ceiling fans for year-round comfort' implies a lack of central air conditioning, which is a significant drawback in the Los Angeles climate and a common expectation for renters, potentially impacting tenant comfort and marketability.

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