1618 S Burnside Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 3 bed, 2 bath
ACTIVE$1,050,000
1618 S Burnside Avenue, Los Angeles, California 90019
3Beds
2Baths
1,628Sqft
6,002Lot
Year Built
1926
Close
-
List price
$1.05M
Original List price
$1.25M
Price/Sqft
$645
HOA
-
Days on market
-
Sold On
-
MLS number
24466605
Home ConditionPoor
Features
Good View:
Patio
View
About this home
We found 2 Cons,3 Pros. Rank: price - $1.05M(27th), sqft - 1628(44th), beds - 3(50th), baths - 2(50th).
** NOW WITH NEW LOWERED PRICE, LOOKING FOR THE SERIOUS BUYER. ** INTEREST IS GOING DOWN, IT'S THE PERFECT TIME TO PURCHASE YOUR DREAM HOME ** GREAT UP & COMING AREA!! Zoned RD1.5 for future larger development. Subject property is 2 houses on one lot. Front house is a 2 bed + 2 bath and the rear house is a 1 bed + 1 bath. Both units are tenant occupied and SOLD AS IS. Please do NOT disturb tenants or walk onto the property. Property being sold in its present AS IS condition.
Price History
Date
Event
Price
07/27/22
Sold
$1,000,500
Condition Rating
Poor
The property was built in 1926 and is being sold AS IS. The images show significant wear and tear, outdated kitchens and bathrooms, and deferred maintenance. The description mentions tenant occupancy, indicating it may not be in optimal condition. Requires substantial repairs and rehabilitation.
Pros & Cons
Pros
Development Potential: Zoned RD1.5, offering potential for future larger development projects.
Income Potential: Two houses on one lot (2 bed/2 bath and 1 bed/1 bath) provide immediate rental income.
Up and Coming Area: Located in a great up & coming area, suggesting potential for future appreciation.
Cons
As-Is Condition: Property is sold in 'AS IS' condition, potentially requiring immediate repairs or upgrades.
Tenant Occupied: Both units are tenant occupied, which may limit immediate access and require navigating tenant rights.