1569 E 109th Street, Los Angeles, California 90059, Los Angeles, 90059 - 4 bed, 2 bath
ACTIVE$899,999
1569 E 109th Street, Los Angeles, California 90059
4Beds
2Baths
2,023Sqft
6,993Lot
Year Built
1919
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$445
HOA
-
Days on market
-
Sold On
-
MLS number
PW25152258
Home ConditionTear down
Features
Good View: City Lights
ViewCity Lights
About this home
We found 3 Cons,6 Pros. Rank: price - $900.0K(67th), sqft - 2023(42th), beds - 4(75th), baths - 2(67th).
Charming Duplex on a Corner Lot in Rapidly Revitalizing Los Angeles Neighborhood! Fantastic investment opportunity or perfect for owner-occupants looking to offset their mortgage! This well-situated duplex features two separate units with private entrances: Unit 1: 3 bedrooms, 1 bath Unit 2: 2 bedrooms, 1 bath Sitting on a spacious 6,991 sq ft corner lot, this property offers both privacy and potential. Ideal for investors, first-time buyers, or developers seeking to take advantage of the area’s strong rental demand and development activity. ?? Located just minutes from Freedom Plaza, the 105 & 110 freeways, and surrounded by a wave of new developments—including a brand-new apartment complex just 3 houses down. ?? Rental Income Highlights: 3BR unit: $2,091/mo (long-term tenants of over 10 years; market rent approx. $3,300) 2BR unit: $2,850/mo Whether you're looking to hold and collect cash flow or explore redevelopment potential, this property checks all the boxes in a fast-changing area of Los Angeles.
Nearby schools
2/10
Lovelia P. Flournoy Elementary School
Public,•K-5•0.2mi
3/10
Compton Avenue Elementary School
Public,•K-5•0.3mi
3/10
One Hundred Twelfth Street Elementary School
Public,•K-5•0.4mi
3/10
Grape Street Elementary School
Public,•K-5•0.5mi
2/10
One Hundred Ninth Street Elementary School
Public,•K-5•0.8mi
3/10
Ninety-Sixth Street Elementary School
Public,•K-6•0.8mi
5/10
Ninety-Ninth Street Elementary School
Public,•K-6•1.0mi
2/10
Weigand Avenue Elementary School
Public,•K-5•1.0mi
4/10
One Hundred Sixteenth Street Elementary School
Public,•K-5•1.1mi
5/10
Ritter Elementary School
Public,•K-5•1.1mi
4/10
Ninety-Second Street Elementary School
Public,•K-6•1.3mi
4/10
Judith F. Baca Arts Academy
Public,•K-6•1.3mi
5/10
Martin Luther King Elementary School
Public,•PK-6•1.4mi
6/10
Montara Avenue Elementary School
Public,•K-6•1.7mi
5/10
Lincoln Elementary School
Public,•K-5•1.8mi
4/10
Stanford Avenue Elementary School
Public,•K-5•1.8mi
7/10
Willow Elementary
Public,•K-5•1.9mi
5/10
Lindbergh Elementary School
Public,•K-6•2.3mi
4/10
Griffin Avenue Elementary School
Public,•K-5•9.3mi
3/10
Edwin Markham Middle School
Public,•6-8•0.3mi
2/10
Lincoln Elementary School
Public,•K-7•0.8mi
3/10
Carver Elementary School
Public,•PK-8•0.9mi
2/10
Southeast Middle School
Public,•6-8•1.4mi
5/10
Willowbrook Middle School
Public,•6-8•1.5mi
2/10
Bunche Middle School
Public,•6-8•1.5mi
1/10
Charles Drew Middle School
Public,•6-8•1.7mi
2/10
Samuel Gompers Middle School
Public,•6-8•1.8mi
2/10
Cesar Chavez Middle School
Public,•6-8•2.5mi
3/10
Lynwood Middle School
Public,•7-8•2.8mi
2/10
David Starr Jordan Senior High School
Public,•9-12•1.0mi
6/10
South East High School
Public,•9-12•1.5mi
9/10
Compton Early College High
Public,•9-12•1.5mi
3/10
Centennial High School
Public,•9-12•1.6mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.6mi
4/10
Lynwood High School
Public,•9-12•3.1mi
4/10
Marco Antonio Firebaugh High School
Public,•9-12•3.8mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•3.9mi
Price History
Date
Event
Price
01/27/16
Sold
$260,000
Condition Rating
Tear down
Built in 1919, this property is over 100 years old with no indication of major renovations in the past 50 years. The MLS description highlights 'Advanced Age of Property' and 'potential for deferred maintenance, outdated systems (plumbing, electrical),' and emphasizes 'redevelopment potential.' The exterior images show a dated and somewhat neglected appearance, and the complete absence of interior photos strongly suggests the internal condition is not presentable, likely requiring demolition or a complete gut renovation, making its value primarily land-based.
Pros & Cons
Pros
Great Schools: High School: Compton Early College High (9/10).
Income-Generating Duplex: The property is a duplex with two separate units (3-bed/1-bath and 2-bed/1-bath), providing immediate rental income and flexibility for investors or owner-occupants to offset mortgage costs.
Significant Rental Upside: One unit is currently rented significantly below market value ($2,091/mo vs. market approx. $3,300), offering substantial potential to increase cash flow and property value upon tenant turnover or rent adjustment.
Strategic Corner Lot: Situated on a spacious 6,991 sq ft corner lot, the property offers enhanced privacy, curb appeal, and potential for future expansion or redevelopment in a growing area.
Emerging Market Location: Located in a rapidly revitalizing Los Angeles neighborhood with a wave of new developments nearby, indicating strong potential for future appreciation and increased demand.
Excellent Freeway Access: The property boasts convenient access, just minutes from the 105 and 110 freeways, which is highly desirable for commuters and enhances connectivity to the wider Los Angeles area.
Cons
Advanced Age of Property: Built in 1919, the property is over a century old, suggesting potential for deferred maintenance, outdated systems (plumbing, electrical), and higher renovation costs to modernize and ensure long-term structural integrity.
Tenant Management for Upside: Realizing the full rental income potential requires managing existing long-term tenants in the under-market unit, which could involve rent negotiations or the process of tenant turnover, adding complexity and time.
Lower-Rated Local Schools: Several nearby schools, including high schools and elementary schools, have lower ratings, which may be a deterrent for families prioritizing top-tier educational institutions and could impact long-term desirability for some buyers.