1837 Beloit Avenue, Los Angeles, California 90025, Los Angeles, 90025 - 9 bed, 8 bath
ACTIVE$2,999,000
1837 Beloit Avenue, Los Angeles, California 90025
9Beds
8Baths
4,371Sqft
6,977Lot
Year Built
1959
Close
-
List price
$3M
Original List price
$4M
Price/Sqft
$686
HOA
-
Days on market
-
Sold On
-
MLS number
SR24024255
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $3.00M(98th), sqft - 4371(99th), beds - 9(99th), baths - 8(99th).
Welcome to 1835 - 1837 Beloit Ave Los Angeles. Located in the prime Tucker - Langdon Tract, this property offers a multitude of uses. Purchase as is and live in the 3 bedroom 2 bathroom main house while getting paid rents on the 6 units in the rear. Other options for more experienced investors would be to do a value add play and split the main house into 2 units creating 9 total units on this property. All units can be delivered vacant. Studios in the building next door are renting for $2,500 or more per month. All information to be verified by buyer and buyer's broker. Seller and Seller's Broker do not guarantee any information regarding property, square footage, use, zoning, or any other factor of the property. Buyer and buyer's broker to do their own due diligence and satisfy themselves.
Nearby schools
7/10
Nora Sterry Elementary School
Public,•K-5•0.2mi
5/10
Brockton Avenue Elementary School
Public,•K-5•1.0mi
6/10
Richland Avenue Elementary School
Public,•K-6•1.1mi
9/10
Overland Avenue Elementary School
Public,•K-5•1.4mi
8/10
Clover Avenue Elementary School
Public,•K-5•1.6mi
8/10
Edison Elementary School
Public,•PK-5•1.8mi
8/10
Grant Elementary School
Public,•PK-5•2.0mi
8/10
Mar Vista Elementary School
Public,•K-5•2.0mi
8/10
McKinley Elementary School
Public,•PK-5•2.0mi
9/10
Franklin Elementary School
Public,•PK-5•2.3mi
6/10
John Adams Middle School
Public,•6-8•2.6mi
8/10
Lincoln Middle School
Public,•6-8•2.8mi
6/10
University Senior High School
Public,•9-12•1.0mi
6/10
Venice Senior High School
Public,•9-12•3.1mi
8/10
Santa Monica High School
Public,•9-12•3.2mi
Condition Rating
Fair
Built in 1959, the property is over 60 years old. While the description indicates it is livable and can generate rents, the images reveal significantly outdated interiors. The main house features older ceramic tile flooring, popcorn ceilings, and dated light fixtures. The bathroom (Image 6) has 80s/90s style tiled walls and floor, an older vanity, and basic fixtures, appearing functional but far from modern. One of the units (Image 10) shows a very basic, utilitarian kitchenette with older cabinets and appliances. The property is explicitly marketed 'as-is' with 'capital expenditure needs,' suggesting it requires substantial updates and renovations to meet current market standards and maximize its value, though it does not appear to have significant structural defects making it unsafe or unlivable. The visible updates likely occurred 15-30 years ago, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Franklin Elementary School (9/10).
Prime Location: Situated in the highly desirable 'Tucker - Langdon Tract' in West Los Angeles, offering strong market demand and appreciation potential.
Significant Income Potential: Configured as a multi-unit property (main house + 6 units) with strong rental income potential, supported by local studio rents exceeding $2,500/month.
Value-Add Investment Opportunity: Presents a clear opportunity for experienced investors to increase unit count to 9 by splitting the main house, maximizing rental revenue and property value.
Vacant Delivery: All units can be delivered vacant, providing immediate flexibility for a new owner to implement renovations, re-tenant at market rates, or occupy the main house.
Substantial Price Adjustment: A significant price reduction of $1,000,000 from the original list price indicates a motivated seller and potential for a favorable acquisition for the right buyer.
Cons
As-Is Sale & Extensive Due Diligence: The property is explicitly offered 'as-is' with strong disclaimers, necessitating thorough buyer due diligence and implying potential for significant undisclosed repairs or capital expenditures.
Age of Property & Capital Expenditure Needs: Built in 1959, the property is over six decades old, suggesting a high likelihood of requiring substantial investment in renovations, system upgrades, and deferred maintenance to optimize its value and rental appeal.
Ambiguous Property Classification: The listing's classification as a 'Condominium' sub-type, despite being described as a multi-unit building, could lead to complexities in financing, zoning, or future development plans, requiring careful verification.