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1708 E 3rd Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

1708 E 3rd Street, Los Angeles, California 90033 home-pic-0
ACTIVE$899,000
1708 E 3rd Street, Los Angeles, California 90033
0Bed
0Bath
1,900Sqft
1,874Lot
Year Built
1890
Close
-
List price
$899K
Original List price
$990K
Price/Sqft
$473
HOA
-
Days on market
-
Sold On
-
MLS number
MB25073586
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $899.0K(69th), sqft - 1900(44th), beds - undefined(50th), baths - undefined(50th).

Discover a rare opportunity in this beautifully renovated duplex, perfectly positioned near the thriving Arts District. This property comprises two well-appointed residences within a single duplex structure: a three-bedroom, two-bathroom unit and a two-bedroom, two-bathroom unit. Each showcases modern upgrades, including high ceilings, quartz countertops, wood-look porcelain tile, and stainless steel appliances. In-unit washer/dryer hookups, generous storage, and both street and interior parking enhance resident comfort. Separate utility meters and a low-maintenance design contribute to its investment appeal. Enjoy easy access to schools, places of worship, and the Arts District's diverse dining and shopping options! (Including 1708 1/2 address).

Price History

Date
Event
Price
03/25/22
Sold
$810,000
02/20/20
Sold
$435,000
Condition Rating
Excellent
Despite being built in 1890, this duplex has undergone a beautiful and extensive modern renovation, as highlighted in the description and supported by the images. Each unit features modern upgrades including high ceilings, quartz countertops, wood-look porcelain tile flooring, and stainless steel appliances. The kitchens and bathrooms are updated with contemporary finishes and fixtures, and mini-split AC units are visible, indicating modern climate control. The property is move-in ready with virtually new components in the renovated areas, meeting current quality standards.
Pros & Cons

Pros

Income Potential: As a beautifully renovated duplex with two distinct units (3B/2B and 2B/2B), this property offers significant income-generating potential for investors or owner-occupants.
Modern Renovation: The property boasts extensive modern upgrades, including high ceilings, quartz countertops, wood-look porcelain tile, and stainless steel appliances, ensuring a turn-key experience for residents.
Prime Location: Strategically positioned near the thriving Arts District, the property offers easy access to diverse dining, shopping, schools, and cultural attractions, enhancing its market appeal and tenant desirability.
Operational Efficiency: Separate utility meters for each unit simplify property management and tenant billing, contributing to a more efficient and attractive investment.
Resident Convenience: The inclusion of both street and interior parking, along with in-unit washer/dryer hookups and generous storage, significantly enhances resident comfort and convenience in an urban setting.

Cons

Historic Age: Built in 1890, the property's age, despite renovations, may present potential for unforeseen underlying infrastructure challenges or require specialized maintenance compared to newer constructions.
Limited Lot Size: The small lot size of 1874 sqft restricts outdoor living space and potential for future expansion or additional amenities, which may be a drawback for some buyers or tenants.
Unspecified Cooling System: The property description does not mention the presence of a cooling system (e.g., air conditioning), which could be a significant comfort factor and potential concern during Los Angeles' warmer months.

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