203 W 77th St Street W, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$999,000
203 W 77th St Street W, Los Angeles, California 90003
0Bed
0Bath
4,482Sqft
6,300Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Fully Occupied Investment: The building is fully occupied, providing immediate and stable rental income for investors from day one.
Top Cons:
Age of Property & Capital Expenditure: Built in 1960, the property likely requires significant capital investment for modernization, system upgrades, and general improvements to maximize its potential and address deferred maintenance.
Compared to the nearby listings
Price:$999.0K vs avg $902.0K (+$97,000)50%
Size:4,482 sqft vs avg 4,217.5 sqft50%
Price/sqft:$223 vs avg $21350%
More Insights
Built in 1960 (65 years old).
Condition: Built in 1960, this property is 64 years old and explicitly described as needing 'updating and improving.' The interior images reveal very dated elements, including dark, worn carpets and older-style tiling. The presence of a portable AC unit suggests a lack of central air conditioning, a significant system deficiency. The exterior shows signs of deferred maintenance with faded paint and cracked concrete. While livable, the property requires substantial rehabilitation, particularly in the kitchens and bathrooms (which are likely original or from a very old renovation), to meet modern standards of comfort and aesthetics.
Year Built
1960
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$223
HOA
-
Days on market
-
Sold On
-
MLS number
IN25250262
Home ConditionPoor
Features
ViewCity Lights,Neighborhood
About this home
GREAT INVESTMENT BUILDING IS FULLY OCCUPIED, Large units with large rooms. Great for updating and improving CLEAN STREET LAPD 77TH DIVISION 3 DOORS DOWN FROM THE APARTMENT BUILDING CLEAN STREET 6 UNITS IN ALL 11 BEDROOMS /6 BATHROOMS. ALLEY ACCESS IN THE REAR OF THE Building POSSIBLY COULD BE REOPENED FOR ADDITIONAL PARKING. Quiet building long-term tenants.
Condition Rating
Poor
Built in 1960, this property is 64 years old and explicitly described as needing 'updating and improving.' The interior images reveal very dated elements, including dark, worn carpets and older-style tiling. The presence of a portable AC unit suggests a lack of central air conditioning, a significant system deficiency. The exterior shows signs of deferred maintenance with faded paint and cracked concrete. While livable, the property requires substantial rehabilitation, particularly in the kitchens and bathrooms (which are likely original or from a very old renovation), to meet modern standards of comfort and aesthetics.
Pros & Cons
Pros
Fully Occupied Investment: The building is fully occupied, providing immediate and stable rental income for investors from day one.
Multi-Unit Income Potential: Comprising 6 units with a total of 11 bedrooms and 6 bathrooms, the property offers a diversified income stream and significant rental capacity.
Value-Add Opportunity: Described as 'Great for updating and improving' with 'large units and large rooms,' there's substantial potential to increase property value and rental income through strategic renovations.
Enhanced Safety & Location: Located on a 'CLEAN STREET' and just '3 DOORS DOWN FROM THE LAPD 77TH DIVISION,' the property benefits from a perceived higher level of safety and security.
Potential for Additional Parking: Alley access in the rear of the building 'POSSIBLY COULD BE REOPENED FOR ADDITIONAL PARKING,' a highly valuable asset in Los Angeles.
Cons
Age of Property & Capital Expenditure: Built in 1960, the property likely requires significant capital investment for modernization, system upgrades, and general improvements to maximize its potential and address deferred maintenance.
Potential for Below-Market Rents: The presence of 'long-term tenants' often suggests current rental income may be below market rates, requiring strategic management or renovation to achieve higher returns.
Unspecified Current Parking: While alley access offers future parking potential, the current parking availability for 6 units is not detailed, which could be a challenge for tenants in a dense urban environment.