1826 W 73rd Street, Los Angeles, California 90047, Los Angeles, 90047 - bed, bath
ACTIVE$640,000
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:
Significant Income Potential: Features an existing duplex with approved plans for a 2-story, 2-bedroom, 3-bath ADU, promising multiple streams of rental income and substantial value addition upon completion.
Top Cons:
Property Age and Required Renovation: Built in 1924, the property is nearly a century old and explicitly requires 'a little TLC,' indicating potential for significant investment in modernization, repairs, and infrastructure updates.
Compared to the nearby listings
Price:$640.0K vs avg $820.0K ($-180,000)21%
Size:1,700 sqft vs avg 1,920 sqft11%
Price/sqft:$376 vs avg $39142%
More Insights
Built in 1924 (101 years old).
Condition: The property, built in 1924, is 100 years old with no indication of major renovations. While the listing mentions 'a little TLC,' for a property of this age, this typically translates to substantial repairs and system upgrades, especially for kitchens, bathrooms, electrical, and plumbing, to meet modern safety and living standards. The absence of interior photos further suggests these areas are significantly outdated and would require full renovation. The exterior also shows signs of deferred maintenance, and the visible window AC unit indicates a lack of central cooling.
Year Built
1924
Close
-
List price
$640K
Original List price
$640K
Price/Sqft
$376
HOA
-
Days on market
-
Sold On
-
MLS number
SW25237954
Home ConditionPoor
Features
ViewCity Lights,Neighborhood
About this home
Investor’s Dream in Prime South LA! Unlock the potential of this income-producing duplex with ADU permits in process—a rare opportunity for both investors and owner-occupants. The property features two 1-bedroom, 1-bath units and approved plans for a 2-story, 2-bedroom, 3-bath ADU, creating multiple streams of rental income once complete. With a little TLC, this property offers endless possibilities for added value and strong returns. Enjoy the convenience of large driveways on both sides, providing ample parking for residents and guests. Ideally located in the heart of South Los Angeles, just 3 miles from SoFi Stadium and the Intuit Dome, and 3.7 miles from Exposition Park—home to the Natural History Museum, LA Memorial Coliseum, and the upcoming Lucas Museum of Narrative Art. Public transit and major highways are easily accessible, offering seamless connectivity to all of LA. Don’t miss this chance to capitalize on 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
The property, built in 1924, is 100 years old with no indication of major renovations. While the listing mentions 'a little TLC,' for a property of this age, this typically translates to substantial repairs and system upgrades, especially for kitchens, bathrooms, electrical, and plumbing, to meet modern safety and living standards. The absence of interior photos further suggests these areas are significantly outdated and would require full renovation. The exterior also shows signs of deferred maintenance, and the visible window AC unit indicates a lack of central cooling.
Pros & Cons
Pros
Significant Income Potential: Features an existing duplex with approved plans for a 2-story, 2-bedroom, 3-bath ADU, promising multiple streams of rental income and substantial value addition upon completion.
Strategic Location: Situated in the heart of South Los Angeles, offering excellent proximity to major attractions like SoFi Stadium, Intuit Dome, and Exposition Park, enhancing rental demand and future appreciation.
Value-Add Opportunity: Described as needing 'a little TLC,' presenting a clear opportunity for investors to enhance property value and achieve strong returns through renovation and upgrades.
Ample Parking: Benefits from large driveways on both sides, providing convenient and ample parking for multiple residents and guests, a valuable asset in urban Los Angeles.
Strong Market Growth Area: Located in a rapidly developing South LA neighborhood, poised to capitalize on ongoing revitalization and increasing demand, ensuring long-term investment potential.
Cons
Property Age and Required Renovation: Built in 1924, the property is nearly a century old and explicitly requires 'a little TLC,' indicating potential for significant investment in modernization, repairs, and infrastructure updates.
Lower-Rated Local Schools: Several nearby public schools exhibit low ratings (1-3 out of 10), which could be a deterrent for owner-occupants with families and potentially impact broader market appeal.
Limited Current Unit Size: The existing two units are 1-bedroom, 1-bath, which may limit the target tenant demographic or rental income potential compared to properties with larger unit configurations prior to ADU completion.