1535 Baxter Street, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath
ACTIVE$1,450,000
1535 Baxter Street, Los Angeles, California 90026
0Bed
0Bath
3,170Sqft
7,417Lot
Year Built
1947
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
$457
HOA
-
Days on market
-
Sold On
-
MLS number
P1-21071
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.45M(91th), sqft - 3170(55th), beds - undefined(50th), baths - undefined(50th).
Your opportunity awaits! This triplex in Echo Park is looking for a new owner! The property boasts 3 detached units on a well maintained lot. Each unitincludes washer dryer hookups as well as individual water heaters. Owner pays water. Tenants pay electric, gas, and trash. Two of three units come withparking spaces which may be reconfigured to accommodate all 3 units, if needed. The property is located in a high demand area in close proximity to DodgerStadium, Elysian Park, Silverlake Reservoir, and more! It is also a short drive to Downtown as well as Pasadena which provide a bountiful selection ofamenities, restaurants, and activities to partake in. Truly in the heart of Los Angeles!
Nearby schools
3/10
Elysian Heights Elementary School
Public,•K-6•0.0mi
8/10
Clifford Street Elementary School
Public,•K-6•0.5mi
7/10
Dorris Place Elementary School
Public,•K-6•0.6mi
8/10
Allesandro Elementary School
Public,•K-6•0.8mi
2/10
Mayberry Street Elementary School
Public,•K-6•1.0mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.3mi
5/10
Micheltorena Street Elementary School
Public,•K-5•1.5mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.6mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•1.7mi
6/10
Castelar Street Elementary School
Public,•K-5•1.8mi
/10
Lake Street Primary School
Public,•K-1•2.0mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•2.3mi
2/10
Logan Street Elementary School
Public,•K-8•0.9mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.7mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.9mi
6/10
Irving STEAM Magnet
Public,•6-8•2.0mi
3/10
Sal Castro Middle School
Public,•6-8•2.1mi
5/10
Virgil Middle School
Public,•6-8•2.7mi
3/10
Belmont Senior High School
Public,•9-12•2.1mi
8/10
John Marshall Senior High School
Public,•9-12•2.1mi
Condition Rating
Fair
Built in 1947, this triplex shows signs of regular maintenance but has not undergone significant modern renovations. The kitchens and bathrooms in all units are notably outdated, featuring older wood cabinetry, laminate countertops, and dated fixtures, suggesting their last major update was likely 30-50 years ago. While functional, these areas, along with the mix of older flooring (hardwood, linoleum, carpet) and simple light fixtures, indicate a need for substantial cosmetic updates and potential system upgrades to meet current standards. The property is livable but requires minor to moderate updates to enhance its appeal and value.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, offering three detached units, making it an excellent opportunity for investors seeking multiple income streams.
Prime Echo Park Location: Located in a high-demand area of Echo Park, with close proximity to major attractions like Dodger Stadium, Elysian Park, and Silverlake Reservoir, and a short drive to Downtown LA and Pasadena.
Detached Units: The three detached units provide enhanced privacy and appeal for tenants, which can lead to higher tenant satisfaction and retention.
Individual Unit Amenities: Each unit is equipped with washer/dryer hookups and individual water heaters, offering convenience for tenants and simplifying utility management for the owner.
Parking Flexibility: While two units currently have parking, there is potential to reconfigure the existing spaces to accommodate all three units, addressing a common challenge in urban areas.
Cons
Property Age: Built in 1947, the property's age may necessitate significant capital expenditures for system upgrades, renovations, or deferred maintenance to meet modern standards and tenant expectations.
Owner-Paid Water Utility: The owner is responsible for water costs, which represents a recurring expense that can impact the net operating income and overall profitability of the investment.
Limited Current Parking: Only two of the three units currently have dedicated parking, which could be a drawback for prospective tenants of the third unit and may require immediate attention or investment for reconfiguration.