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151 E 67th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

151 E 67th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$530,000
151 E 67th Street, Los Angeles, California 90003
0Bed
0Bath
1,471Sqft
5,402Lot
Year Built
1920
Close
-
List price
$530K
Original List price
$599K
Price/Sqft
$360
HOA
-
Days on market
-
Sold On
-
MLS number
TR25017886
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $530.0K(23th), sqft - 1471(23th), beds - undefined(50th), baths - undefined(50th).

Duplex in Prime Los Angeles Location – Great Investment Opportunity! Discover this well-located duplex in the heart of Los Angeles, offering incredible potential for investors or owner-occupants seeking additional rental income. The front unit features a spacious layout with three bedrooms and two baths, ideal for comfortable family living. The back unit provides a cozy one-bedroom, one-bath setup, perfect for a single tenant or small household. The property boasts ample parking to accommodate multiple vehicles, a valuable feature in this bustling city. With its desirable location and flexible layout, this duplex presents an excellent opportunity for positive cash flow, whether you’re expanding your investment portfolio or looking for a home that pays for itself.

Price History

Date
Event
Price
07/16/99
Sold
$80,000
Condition Rating
Poor
Built in 1920, this property is over 100 years old with no indication of significant recent renovations. The property analysis explicitly notes its 'Advanced Age' and 'Potential for High Renovation Costs' due to likely outdated systems (plumbing, electrical, HVAC) and deferred maintenance. The interior image confirms worn, dated hardwood flooring and an old-style ceiling fan. While not explicitly 'unlivable,' the property requires substantial repairs and rehabilitation to modernize and ensure the functionality and safety of major components, aligning with a 'poor' condition rating.
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex, explicitly marketed as a 'Residential Income' opportunity, offering potential for rental income from two units or owner-occupancy with supplemental income.
Prime Los Angeles Location: Described as being in a 'Prime Los Angeles Location' and 'desirable location' within the C42 - Downtown L.A. MLS area, enhancing its investment appeal and tenant demand.
Significant Price Reduction: The list price has been reduced from $599,000 to $530,000, indicating a potential value opportunity for buyers and increased negotiation leverage.
Ample Parking: The property boasts 'ample parking to accommodate multiple vehicles,' a highly valuable and sought-after feature in a dense urban environment like Los Angeles.
Flexible Unit Layouts: Offers a versatile configuration with a spacious three-bedroom, two-bath front unit and a cozy one-bedroom, one-bath back unit, catering to diverse tenant needs or owner-occupant arrangements.

Cons

Advanced Age of Property: Built in 1920, the property is over 100 years old, suggesting a high likelihood of outdated systems (plumbing, electrical, HVAC) and potential for significant deferred maintenance or structural issues.
Compact Combined Square Footage: With a total of 1471 sqft for two units (a 3-bed/2-bath and a 1-bed/1-bath), the individual living spaces are likely quite small, which may limit appeal to tenants or owner-occupants seeking more spacious accommodations.
Potential for High Renovation Costs: The description lacks any mention of recent renovations or upgrades. Given its age, a new owner will likely incur substantial capital expenditures to modernize the property and bring it to competitive rental market standards.

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