1826 W 73rd Street, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath
ACTIVE$649,999
1826 W 73rd Street, Los Angeles, California 90047
0Bed
0Bath
1,700Sqft
6,705Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Requires Substantial Renovation: The property is described as needing 'some TLC,' indicating it is not turn-key and will require significant investment in repairs, upgrades, and modernization to maximize its value and rental appeal.
Compared to the nearby listings
Price:$650.0K vs avg $820.0K ($-170,001)21%
Size:1,700 sqft vs avg 1,920 sqft11%
Price/sqft:$382 vs avg $39142%
More Insights
Built in 1924 (101 years old).
Condition: Built in 1924, this property is 100 years old and explicitly described as needing 'some TLC' and 'substantial renovation,' indicating it is not turn-key. The absence of interior images, particularly of the kitchen and bathrooms, strongly suggests these areas are severely outdated and in poor condition, requiring full renovation. The exterior images also show a dated and worn appearance. Major systems like plumbing, electrical, and HVAC are likely original or very old, necessitating significant upgrades and repairs.
Year Built
1924
Close
-
List price
$650K
Original List price
$700K
Price/Sqft
$382
HOA
-
Days on market
-
Sold On
-
MLS number
SW25050336
Home ConditionPoor
Features
Good View: City Lights, Neighborhood
ViewCity Lights,Neighborhood
About this home
Investor's Dream Location! Unlock the potential of this duplex with ADU (Accessory Dwelling Unit) permits currently in process, offering incredible income-generating opportunities. The property includes two 1-bedroom, 1-bath units and approved plans for a 2-story, 2-bedroom, 3-bath ADU. Perfect for investors or homeowners who want to live in one unit and rent out the other. With some TLC, this property offers endless possibilities for significant value. Enjoy the convenience of a large driveway on both sides, ensuring plenty of parking. Ideally located in the heart of South Los Angeles, it’s just 3 miles from SoFi Stadium and Intuit Dome, and 3.7 miles from Exposition Park, home to the Natural History Museum of Los Angeles, LA Memorial Coliseum, and the upcoming Lucas Museum of Narrative Art. Public transportation, including the Metro Expo Line, and major highways are nearby, providing easy access to all that LA has to offer. Don’t miss out on this opportunity to tap into the growing potential of South LA!
Nearby schools
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•0.3mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.7mi
3/10
La Salle Avenue Elementary School
Public,•K-5•1.1mi
1/10
Horace Mann Junior High School
Public,•6-8•0.2mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.5mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.0mi
2/10
George Washington Preparatory High School
Public,•9-12•2.5mi
9/10
Middle College High School
Public,•9-12•4.8mi
Price History
Date
Event
Price
03/24/21
Sold
$485,000
Condition Rating
Poor
Built in 1924, this property is 100 years old and explicitly described as needing 'some TLC' and 'substantial renovation,' indicating it is not turn-key. The absence of interior images, particularly of the kitchen and bathrooms, strongly suggests these areas are severely outdated and in poor condition, requiring full renovation. The exterior images also show a dated and worn appearance. Major systems like plumbing, electrical, and HVAC are likely original or very old, necessitating significant upgrades and repairs.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Significant Income Potential: The property is a duplex with approved permits for a 2-story, 2-bedroom, 3-bath ADU, offering substantial income-generating opportunities from multiple rental units.
Strategic Location: Ideally located in South Los Angeles, just 3 miles from SoFi Stadium and Intuit Dome, and 3.7 miles from Exposition Park, enhancing rental demand and potential appreciation in a growing area.
Versatile Investment Opportunity: Perfect for investors seeking multiple income streams or owner-occupants looking to live in one unit and rent out the others to offset housing costs.
Ample Off-Street Parking: Features large driveways on both sides, providing convenient and highly desirable off-street parking in a dense urban environment.
Value-Add Potential: Explicitly noted as needing 'some TLC,' this property offers significant potential for value appreciation through renovation and completion of the ADU.
Cons
Requires Substantial Renovation: The property is described as needing 'some TLC,' indicating it is not turn-key and will require significant investment in repairs, upgrades, and modernization to maximize its value and rental appeal.
Age of Property: Built in 1924, the property is nearly a century old, which often implies outdated infrastructure, potential for deferred maintenance, and higher renovation costs for systems like plumbing, electrical, and HVAC.
Mixed School Ratings: While several schools are nearby, some have low ratings (1-3), which could be a deterrent for families prioritizing school quality and potentially impact long-term desirability for certain buyer segments.