1807 E 107th Street, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath
ACTIVE$688,000
1807 E 107th Street, Los Angeles, California 90002
0Bed
0Bath
1,664Sqft
6,242Lot
Year Built
1959
Close
-
List price
$688K
Original List price
$770K
Price/Sqft
$413
HOA
-
Days on market
-
Sold On
-
MLS number
WS25051997
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $688.0K(42th), sqft - 1664(50th), beds - undefined(50th), baths - undefined(50th).
Excellent location, located north of Imperial Highway, East of Harbor Fwy, walk across from Watts Towers Art Center. minutes away from Martin Luther King Jr. Community Hospital, Magic Johnson Park. quick access to Hollywood Park. and LAX. Recently up-graded, Two units with lot of space to expend. both units have long term residents. stable income room for improvement for two-bedroom one bath. total 1664 Square Feet about 832 Square Feet per unit, laundry hookup for each unit, well maintained. with plenty of parking spaces. Motivated seller, Steady income, great income property, annual rent $44,928, monthly $3,744
Price History
Date
Event
Price
05/01/18
Sold
$500,000
12/01/17
Sold
$335,000
11/30/17
Sold
$300,000
Condition Rating
Fair
The property was built in 1959. The description mentions recent upgrades, but the images do not show the interior of the units. Given the age and lack of detailed interior images, it's likely that the property requires some updates to bring it to modern standards, but it is maintained.
Pros & Cons
Pros
Income Potential: The property generates a steady income stream with an annual rent of $44,928 and a monthly rent of $3,744.
Location: Excellent location near Watts Towers Art Center, Martin Luther King Jr. Community Hospital, and Magic Johnson Park.
Accessibility: Quick access to Harbor Fwy, Hollywood Park, and LAX, providing convenient transportation options.
Upgrades: The property has been recently upgraded, suggesting modern amenities and improved condition.
Parking: Ample parking spaces available, a valuable asset for tenants and owners.
Cons
Age: Built in 1959, the property may require ongoing maintenance and potential upgrades due to its age.
Unit Size: Each unit is approximately 832 sqft, which may be considered small for some tenants or buyers.
Original List Price Reduction: The property's price was reduced from an original list price of $770,000 to $688,000, which may indicate challenges in attracting buyers at the initial price point.