151 E 121st, Los Angeles, California 90061, Los Angeles, 90061 - bed, bath
ACTIVE$899,900
151 E 121st, Los Angeles, California 90061
0Bed
0Bath
2,737Sqft
7,639Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Generating Asset: As a triplex, the property offers significant rental income potential with a main 3-bedroom, 2-bath house and two additional 2-bedroom, 1-bath units, appealing to investors or owner-occupants seeking to offset mortgage costs.
Top Cons:
Property Age & Potential for Updates: Built in 1965, the property is nearly 60 years old, suggesting that major systems (plumbing, electrical, HVAC) and finishes may be original or outdated, potentially requiring significant capital expenditure for modernization.
Compared to the nearby listings
Price:$899.9K vs avg $770.0K (+$129,900)83%
Size:2,737 sqft vs avg 2,239.5 sqft75%
Price/sqft:$329 vs avg $35850%
More Insights
Built in 1965 (60 years old).
Condition: Built in 1965, this property is nearly 60 years old with no apparent major renovations. The images reveal extremely dated kitchens and bathrooms with original or very old cabinetry, appliances, and finishes. Flooring consists of old carpet and linoleum/tile. Cooling is provided by window AC units, indicating a lack of central HVAC. The exterior shows significant wear, including cracked concrete and peeling stucco. The property requires substantial repairs and rehabilitation to meet current standards and comfort levels, aligning with the 'poor' condition criteria.
Year Built
1965
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$329
HOA
-
Days on market
-
Sold On
-
MLS number
PW25270592
Home ConditionPoor
Features
View-
About this home
property features large 3-bedromms 2-baths house and large two stoty units 2-bedrooms 1 bath each, three one car garage, property is coneviently located within short distance to transportation.
Condition Rating
Poor
Built in 1965, this property is nearly 60 years old with no apparent major renovations. The images reveal extremely dated kitchens and bathrooms with original or very old cabinetry, appliances, and finishes. Flooring consists of old carpet and linoleum/tile. Cooling is provided by window AC units, indicating a lack of central HVAC. The exterior shows significant wear, including cracked concrete and peeling stucco. The property requires substantial repairs and rehabilitation to meet current standards and comfort levels, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Income Generating Asset: As a triplex, the property offers significant rental income potential with a main 3-bedroom, 2-bath house and two additional 2-bedroom, 1-bath units, appealing to investors or owner-occupants seeking to offset mortgage costs.
Dedicated Parking: The inclusion of three one-car garages provides valuable off-street parking, a highly sought-after amenity in urban areas like Los Angeles.
Convenient Location: The property is conveniently located within a short distance to transportation, enhancing its appeal to tenants and providing easy access to city amenities.
Spacious Units: The description highlights 'large' units, suggesting comfortable living spaces for residents, which can attract quality tenants and command competitive rents.
Generous Lot Size: With a 7639 sqft lot, the property offers ample outdoor space, which could be utilized for tenant amenities, landscaping, or potential future expansion (subject to zoning regulations).
Cons
Property Age & Potential for Updates: Built in 1965, the property is nearly 60 years old, suggesting that major systems (plumbing, electrical, HVAC) and finishes may be original or outdated, potentially requiring significant capital expenditure for modernization.
Lack of Renovation Details: The property description does not mention any recent renovations or upgrades, which could indicate a need for substantial investment to bring the units and common areas up to current market standards and tenant expectations.
Listing Data Anomaly: The 'on_market_date' and 'modified_timestamp' are listed in the future (2025), which is an unusual data inconsistency that could cause confusion or raise questions about the accuracy and current status of the listing.