2241 Glover Place, Los Angeles, California 90031, Los Angeles, 90031 - 6 bed, 5 bath

2241 Glover Place, Los Angeles, California 90031 home-pic-0
ACTIVE$1,098,000
2241 Glover Place, Los Angeles, California 90031
6Beds
5Baths
2,330Sqft
4,844Lot
Year Built
1960
Close
-
List price
$1.1M
Original List price
$998K
Price/Sqft
$471
HOA
-
Days on market
-
Sold On
-
MLS number
PW24192766
Home ConditionFair
Features
Good View: Neighborhood
ViewNeighborhood

About this home

We found 2 Cons,3 Pros. Rank: price - $1.10M(62th), sqft - 2330(46th), beds - 6(77th), baths - 5(85th).

Discover this unique triplex located in the heart of Elysian Valley, LA, or better know as the highly desirable “Frogtown.” A rare opportunity as this is the first time this property has eve been on the market! With long-term tenants who have maintained the property, this 3-unit complex offers the flexibility for either a take over or the potential for redevelopment. The exterior has been freshly painted, enhancing the curb appeal of this charming building nestled in a quiet, desirable neighborhood. The property boasts a long driveway with ample parking spaces and additional street parking for convenience. Upstairs unit features a spacious layout with lots of natural light, making it ideal for immediate occupancy or further customization. This triplex offers a fantastic opportunity in a thriving community, don’t miss the chance to own a piece of Frogtown’s history!

Condition Rating
Fair

The property was built in 1960 and the description mentions long-term tenants and the potential for redevelopment, suggesting it's aged but maintained. The exterior has been freshly painted, but there's no mention of significant interior renovations. The images show a functional but outdated kitchen and bathrooms. Therefore, a 'fair' rating is appropriate.
Pros & Cons

Pros

Location: Located in the highly desirable 'Frogtown' (Elysian Valley), offering strong potential for appreciation.
Income Potential: Triplex with long-term tenants provides immediate rental income and potential for increased rents.
Redevelopment Opportunity: Offers flexibility for takeover or redevelopment, appealing to various investment strategies.

Cons

Property Condition: While maintained, the property may require updates or renovations to maximize its value.
Tenant Occupancy: Long-term tenants may present challenges for immediate rent increases or significant property changes.

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