2211 S Bronson Avenue, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath
ACTIVE$1,125,000
2211 S Bronson Avenue, Los Angeles, California 90018
0Bed
0Bath
2,752Sqft
6,502Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: Triplex with a high-yielding unit mix (2x 2B/2B, 1x 1B/1B ADU) and significant rent upside, projecting $9,395/month gross income at market rates.
Top Cons:
Age of Property: Built in 1922, the property is over a century old, potentially implying higher ongoing maintenance costs and possible need for system upgrades (e.g., plumbing, electrical) not explicitly detailed.
Compared to the nearby listings
Price:$1.12M vs avg $799.0K (+$326,000)69%
Size:2,752 sqft vs avg 2,402 sqft69%
Price/sqft:$409 vs avg $40950%
More Insights
Built in 1922 (103 years old).
Condition: Built in 1922, this triplex presents a stark contrast in condition. While one unit appears to be recently and extensively renovated with modern white shaker cabinets, new stainless steel appliances, subway tile backsplash, updated flooring, and recessed lighting, the other units are severely outdated and show significant wear and tear. The unrenovated kitchens feature old tile countertops, damaged cabinets, and dated appliances. Bathrooms in these units have old vanities, fixtures, and finishes. Flooring includes old tile, worn carpet, and older hardwood, with walls showing old wallpaper and signs of damage. The overall property requires substantial repairs and rehabilitation for the majority of its units to meet current quality and aesthetic standards, despite the one updated unit.
Year Built
1922
Close
-
List price
$1.13M
Original List price
$1.15M
Price/Sqft
$409
HOA
-
Days on market
-
Sold On
-
MLS number
SB24184310
Home ConditionPoor
Features
View-
About this home
2211-2213 S Bronson Ave is a well-maintained triplex located in the highly desirable Los Angeles submarket of Mid-City. With the 1-Bed/1-Bath unit being delivered vacant, this is the perfect opportunity for a family to owner/occupy and let the other tenants pay off their mortgage. The subject property is conveniently located in between Downtown Los Angeles and Santa Monica, as well as the 10/110 freeways making for an easy commute across Los Angeles. Beneficial to the new owner, 2211-2213 S Bronson Ave has a high yielding unit mix of (2) 2-Bed/2-Bath & (1) 1Bed/1Bath ADU allowing significant upside in rents. If all units are rented at market, the property will produce $9,395/mo. in gross income. 2211-2213 S Bronson Ave is an ideal opportunity for any owner/user or investor looking for a prime asset in a rapidly appreciating neighborhood. Property is eligible for Community Lending Program which can give $2k-$30K off in closing costs to buy down the rate and allows a buyer to do 3%-5% down.
Price History
Date
Event
Price
02/24/21
Sold
$800,000
05/13/13
Sold
$535,000
04/20/06
Sold
$675,000
09/14/01
Sold
$223,000
Condition Rating
Poor
Built in 1922, this triplex presents a stark contrast in condition. While one unit appears to be recently and extensively renovated with modern white shaker cabinets, new stainless steel appliances, subway tile backsplash, updated flooring, and recessed lighting, the other units are severely outdated and show significant wear and tear. The unrenovated kitchens feature old tile countertops, damaged cabinets, and dated appliances. Bathrooms in these units have old vanities, fixtures, and finishes. Flooring includes old tile, worn carpet, and older hardwood, with walls showing old wallpaper and signs of damage. The overall property requires substantial repairs and rehabilitation for the majority of its units to meet current quality and aesthetic standards, despite the one updated unit.
Pros & Cons
Pros
Strong Income Potential: Triplex with a high-yielding unit mix (2x 2B/2B, 1x 1B/1B ADU) and significant rent upside, projecting $9,395/month gross income at market rates.
Owner-User Opportunity: The vacant 1-Bed/1-Bath unit allows for immediate owner-occupancy, enabling a buyer to offset mortgage costs with rental income from the other units.
Prime Location & Appreciation: Situated in the highly desirable Mid-City submarket of Los Angeles, known for rapid appreciation and excellent connectivity between Downtown LA and Santa Monica via major freeways.
Financial Accessibility: Eligible for a Community Lending Program, offering $2k-$30K in closing cost credits and low down payment options (3%-5%), enhancing buyer affordability.
Multi-Unit Investment: A well-maintained residential income property (triplex) provides diversified income streams and a robust investment vehicle in a competitive market.
Cons
Age of Property: Built in 1922, the property is over a century old, potentially implying higher ongoing maintenance costs and possible need for system upgrades (e.g., plumbing, electrical) not explicitly detailed.
Rent Control Considerations: As a multi-unit property in Los Angeles, it is likely subject to rent control ordinances, which could limit the full realization of 'market rents' and impact future rent growth.
Limited Renovation Details: While described as 'well-maintained,' the listing lacks specific details on recent major renovations or upgrades to all units, which may be necessary to achieve top market rents or address deferred maintenance in an older building.