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1731 E 69th Street, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

1731 E 69th Street, Los Angeles, California 90001 home-pic-0
ACTIVE$2,499,000
1731 E 69th Street, Los Angeles, California 90001
0Bed
0Bath
6,405Sqft
6,856Lot
Year Built
2024
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$390
HOA
-
Days on market
-
Sold On
-
MLS number
DW25105536
Home ConditionExcellent
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.50M(93th), sqft - 6405(93th), beds - undefined(50th), baths - undefined(50th).

We would like to introduce you to a remarkable opportunity to own a newly developed Multi Unit Property that consists of a Three-Story Duplex and a Three-Story Single-Family Residence with an ADU with a total of 16 bedrooms & 16 Bathrooms and 6,4055 Square Feet of living area. This splendid property features a meticulously designed floor plan. The units spread across three expansive stories: The Front Building is a Single-Family Residence with an ADU. The SFR has 6 spacious bedrooms and 6 pristine bathrooms- ensuring ample privacy and convenience. The ADU has 2 Bedrooms and 2 Bathroom. With an additional 2 car garage. The Rear Building offer a three-story Duplex with 4 bedrooms, 4 Bathrooms and 2 car garage each plus Each unit has a Balcony! Every detail has been considered from the installation of a cutting-edge fire sprinkler system and solar panels to NEW HVAC systems, New Electrical & Plumbing; Everything is fresh and ready to cater to a modern lifestyle. This Property will not disappoint! THE UNITS OFFER- Spacious Living Rooms, Master Bedrooms with Large Closets. Kitchens including full customized cabinetry with Quartz Counter tops. The Bathrooms have Modern Cabinetry and Beautiful fixtures. There is Recessed Lighting throughout each home and each unit has their own Laundry room. Come & admire this modern property that is fully fenced giving complete privacy. The property has 4 individual Water, Electric & Gas Meters perfect to rent out, saving the owner hundreds or more in utility bills every year. This is a MUST-See property to appreciate every beautiful detail.

Price History

Date
Event
Price
04/05/22
Sold
$515,000
Condition Rating
Excellent
This property was newly built in 2024, making all components brand new. The description highlights new HVAC, electrical, plumbing, fire sprinkler system, and solar panels. The kitchens feature customized cabinetry with quartz countertops, and the bathrooms boast modern cabinetry and beautiful fixtures. Recessed lighting and new flooring throughout confirm a contemporary, high-quality finish with no deferred maintenance.
Pros & Cons

Pros

Brand New Construction & Modern Amenities: Built in 2024, this property features new HVAC, electrical, plumbing, fire sprinkler system, and solar panels, ensuring minimal immediate maintenance and high tenant appeal with modern finishes like quartz countertops and customized cabinetry.
High Income Potential & Multi-Unit Configuration: Comprising a Single-Family Residence with an ADU and a Duplex, the property offers 4 distinct rentable units totaling 16 bedrooms and 16 bathrooms, providing significant rental income potential and investment diversification.
Individual Utility Metering: Each of the 4 units is equipped with individual water, electric, and gas meters, allowing tenants to pay their own utilities and significantly reducing the owner's overhead and administrative burden.
Energy Efficiency & Cost Savings: The inclusion of solar panels and new HVAC systems contributes to lower utility costs for tenants and potentially the owner, enhancing the property's attractiveness and long-term sustainability.
Spacious & Well-Appointed Units: Units feature spacious living rooms, master bedrooms with large closets, customized kitchens with quartz countertops, modern bathroom fixtures, recessed lighting, and individual laundry rooms, catering to modern tenant demands.

Cons

High Density on Lot: With 4 units and 16 bedrooms across 6,405 sqft of living space on a 6,856 sqft lot, the property exhibits high density, which may result in limited private outdoor space per unit and a potentially crowded feel.
Specific Location Market Dynamics: While located in Los Angeles, the specific address on E 69th Street within the C42 - Downtown L.A. area may have unique market dynamics that require thorough due diligence to assess rental rates, tenant demand, and long-term appreciation compared to prime downtown locations.
Potential Parking Limitations: Despite the provision of 2-car garages for each duplex unit and the SFR+ADU (totaling 8 spaces), the high number of bedrooms (16) across 4 units could lead to insufficient parking for all tenants and their guests, especially in a dense urban environment.

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