2235 Hauser Boulevard, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath
ACTIVE UNDER CONTRACT$1,050,000
2235 Hauser Boulevard, Los Angeles, California 90016
0Bed
0Bath
2,459Sqft
6,079Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property is a triplex, offering immediate multi-unit rental income and diversification, making it highly attractive to investors seeking cash flow.
Top Cons:
Age of Property & Associated Costs: Built in 1925, the property is nearly a century old. While some repairs are done, older properties typically incur higher ongoing maintenance costs and may require significant capital expenditure for modernization.
Compared to the nearby listings
Price:$1.05M vs avg $1.05M (+$0)50%
Size:2,459 sqft vs avg 2,459 sqft50%
Price/sqft:$427 vs avg $42750%
More Insights
Built in 1925 (100 years old).
Condition: The property, built in 1925, is well-maintained with a significant upgrade of copper plumbing, indicating good systemic upkeep. However, the kitchens and bathrooms across all units are notably outdated, featuring old cabinets, tile countertops, dated fixtures, and older appliances. While functional and clean, they require substantial cosmetic and functional renovations to meet modern standards. The property is aged but maintained, and major components are functional, but the visible aesthetics are clearly outdated, aligning with a 'Fair' condition.
Year Built
1925
Close
-
List price
$1.05M
Original List price
$1.15M
Price/Sqft
$427
HOA
-
Days on market
-
Sold On
-
MLS number
IN25181373
Home ConditionFair
Features
ViewCity Lights,Neighborhood
About this home
Beautiful triplex Mid-City West LA area front property Has three bedrooms. Two bathrooms with A three-car garage in the rear of the property .Above the garages there are Two one bedroom units. This is a marvelous and spacious property. This Property features a large lot in a Great Community. Minutes away from West L.A .,Beverly Hills ,Santa Monica ,Century City. Adjacent to great shopping locations ,Restaurants ,and Venues. Note Seller has done Professional Property Inspection, and Repairs have been Done. This Property is in Good Condition and ready for the right updates P.S. property has cooper plumbing throughout. Attention investors.!! Take a good look at this property. This property has unbridled potential for additional development, outwards and upwards sitting on a large lot with great income potential.
Condition Rating
Fair
The property, built in 1925, is well-maintained with a significant upgrade of copper plumbing, indicating good systemic upkeep. However, the kitchens and bathrooms across all units are notably outdated, featuring old cabinets, tile countertops, dated fixtures, and older appliances. While functional and clean, they require substantial cosmetic and functional renovations to meet modern standards. The property is aged but maintained, and major components are functional, but the visible aesthetics are clearly outdated, aligning with a 'Fair' condition.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex, offering immediate multi-unit rental income and diversification, making it highly attractive to investors seeking cash flow.
Prime Los Angeles Location: Strategically located in Mid-City West LA, the property is minutes away from highly desirable areas like West L.A., Beverly Hills, Santa Monica, and Century City, with convenient access to shopping, dining, and entertainment.
Significant Development Potential: Sitting on a large 6,079 sqft lot, the property boasts 'unbridled potential for additional development, outwards and upwards,' presenting a substantial opportunity for value appreciation and increased income through expansion.
Recent Upgrades & Good Condition: A professional property inspection has been completed with repairs done, and the property features copper plumbing throughout, indicating a proactive seller and reduced immediate maintenance concerns.
Spacious Property & Large Lot: Described as 'marvelous and spacious' with a 'large lot,' the property provides ample living space and outdoor area, enhancing its appeal for tenants and future development.
Cons
Age of Property & Associated Costs: Built in 1925, the property is nearly a century old. While some repairs are done, older properties typically incur higher ongoing maintenance costs and may require significant capital expenditure for modernization.
Requires Further Investment for Modernization: The description notes the property is 'ready for the right updates,' implying that substantial cosmetic and/or functional renovations are still needed to maximize its rental income potential and market value.
Complexity of Development Realization: While offering 'unbridled potential for additional development,' realizing this in Los Angeles can be a complex, time-consuming, and costly process involving zoning, permitting, and construction challenges.