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1543 Allesandro Street, Los Angeles, California 90026, Los Angeles, 90026 - 2 bed, 2 bath

1543 Allesandro Street, Los Angeles, California 90026 home-pic-0
ACTIVE$1,029,999
1543 Allesandro Street, Los Angeles, California 90026
2Beds
2Baths
1,127Sqft
1,987Lot
Year Built
1928
Close
-
List price
$1.03M
Original List price
$1.17M
Price/Sqft
$914
HOA
-
Days on market
-
Sold On
-
MLS number
25540203
Home ConditionFair
Features
Good View: City Lights, Hills
Deck
Patio
ViewCity Lights,Hills

About this home

Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.03M(15th), sqft - 1127(24th), beds - 2(38th), baths - 2(50th).

Back on the Market. Buyer didn't perform. Seller wants to move out of the country. Will consider all offers over 1 million. AFTER DOING SOME DIGGING WITH LADBS ON PERMIT INFORMATION, I'VE CONCLUDED THAT IT'S HIGHLY LIKELY THAT THIS PROPERTY HAS MORE PERMITTED LIVING SQUARE FOOTAGE THAN IS STATED ON TITLE RECORDS. ESTIMATED BETWEEN 1600-2000 SF TOTAL!!!! PLEASE CONTACT LISTING AGENT FOR ADDITIONAL INFORMATION ABOUT THIS. Two-story gem in Echo Park, BRIMMING with possibilities! This Single Family Residence is very unique because although it has 2 floors, there are no interior stairs. The stairwell is outside. ATTENTION SAVVY BUYERS... The first thing that comes to mind is putting a kitchenette on the bottom floor and turning this property into a duplex. Then live in one unit, while renting out the other. It can be delivered vacant, people. You see??!!! Instant good starter investment purchase!! You could also buy it as a short-term or long-term rental, or live in it! It's a great condo alternative with potential office/studio space so you can work quietly from home! Who would want to pay an expensive, ever-increasing HOA for a condo?? Save your money and buy Allesandro St. instead!!! Say it with me... POSSIBILITIES. ***** The upstairs has a large bright living room with laminate flooring, an eat-in kitchen & breakfast bar, a light filled bedroom with French doors, and a full bath. The downstairs has a large living area with laminate floors, a bedroom, bathroom and two white-tiled PERMITTED bonus rooms. These permitted bonus rooms are currently being used as bedrooms. I just didn't include pics of them out of respect for the tenant's privacy. The backyard has a huge patio for entertaining, along with a raised wooden deck with amazing views of the surrounding hills. One car garage for parking. Close to all the nightlife and shops on Sunset and Alvarado Blvd.

Nearby schools

2/10
Mayberry Street Elementary School
Public,•K-6•0.2mi
8/10
Clifford Street Elementary School
Public,•K-6•0.4mi
3/10
Elysian Heights Elementary School
Public,•K-6•0.8mi
5/10
Micheltorena Street Elementary School
Public,•K-5•0.9mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.9mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.2mi
/10
Lake Street Primary School
Public,•K-1•1.2mi
8/10
Allesandro Elementary School
Public,•K-6•1.3mi
7/10
Dorris Place Elementary School
Public,•K-6•1.4mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.7mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.8mi
6/10
Castelar Street Elementary School
Public,•K-5•1.8mi
2/10
Logan Street Elementary School
Public,•K-8•0.4mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.4mi
3/10
Sal Castro Middle School
Public,•6-8•1.6mi
5/10
Virgil Middle School
Public,•6-8•1.9mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.4mi
6/10
Irving STEAM Magnet
Public,•6-8•2.6mi
3/10
Belmont Senior High School
Public,•9-12•1.6mi
8/10
John Marshall Senior High School
Public,•9-12•1.9mi
Condition Rating
Fair
Built in 1928, this property shows signs of age with dated features in the kitchen and bathrooms, including small square tiles, basic fixtures, and a pedestal sink. While it has laminate flooring and appears maintained, the overall aesthetic is not modern. The presence of a wall heater suggests a lack of central HVAC, and the unusual exterior stairwell between floors indicates a non-standard layout that would likely require significant renovation for a cohesive single-family living experience. The property is functional but requires updates to meet contemporary standards.
Pros & Cons

Pros

Income-Generating Potential: The property is explicitly marketed for duplex conversion by adding a kitchenette downstairs, offering significant potential for rental income or multi-generational living, and can be delivered vacant.
Expanded Permitted Living Space: Agent research indicates a high likelihood of more permitted living square footage (estimated 1600-2000 SF) than stated on title (1127 SF), including two permitted bonus rooms downstairs, adding substantial functional value.
Prime Echo Park Location: Situated in a vibrant and desirable Echo Park neighborhood, close to popular nightlife, shops, and amenities on Sunset and Alvarado Blvd, enhancing lifestyle and convenience.
Outdoor Living & Views: Features a huge patio for entertaining and a raised wooden deck with amazing views of the surrounding hills, providing excellent outdoor living space.
Versatile Use & Condo Alternative: Offers flexibility for owner-occupancy, short-term/long-term rental, or dedicated home office/studio space, positioning it as a strong alternative to a condo without the burden of HOA fees.

Cons

Unconventional Two-Story Layout: The unique two-story design lacks interior stairs, with an outside stairwell connecting the floors, which could be a significant functional inconvenience and impact daily living.
Pricing & Prior Transaction Concerns: The property is back on the market due to a 'buyer didn't perform,' has undergone a significant price reduction, and the current list price is considerably higher than the property's estimated value, suggesting potential overpricing or unresolved issues.
Small Lot Size & Age of Property: The compact lot size of 1987 sqft limits outdoor expansion possibilities, and the 1928 build year indicates an older home that may require ongoing maintenance and updates typical of its age.

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