2359 Glover Place, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath

2359 Glover Place, Los Angeles, California 90031 home-pic-0
ACTIVE$999,000
2359 Glover Place, Los Angeles, California 90031
0Bed
0Bath
1,940Sqft
4,600Lot
Year Built
1915
Close
-
List price
$999K
Original List price
$1.2M
Price/Sqft
$515
HOA
-
Days on market
-
Sold On
-
MLS number
DW25048075
Home ConditionFair
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $999.0K(46th), sqft - 1940(46th), beds - undefined(50th), baths - undefined(50th).

Welcome to Frogtown! This Spanish Style duplex, (R-3) will be delivered VACANT and presents a compelling investment opportunity for owner-occupants or investors seeking a property in the desirable Frogtown Neighborhood. Built in 1915, this charming property comprises two distinct units, each offering unique features and functionality. The front unit, a two-story, four-bedroom, two-bathroom residence, features an inviting entryway, a sunlit living room, connecting to the dinning & kitchen area and family den. Upstairs, three bedrooms include one with a Spanish-style balcony offering picturesque views of the Los Angeles River. The Electrical box has been updated. The second story addition was added to existing dwelling and approved by Buliding and Safety 1988. In 1991 the patio was converted & added to existing dwelling into a den/bedroom and also approved by Building and Safety. The rear detached unit, a spacious one-bedroom, one-bathroom residence, is ideal for guest accommodations or rental income. The property includes carport parking and a long driveway providing ample storage. Its prime Frogtown location, near the L.A. River and local amenities such as Wax Paper, Spoke Bicycle Cafe, Loreto, and Salazar, further enhances its appeal. Both units allows for immediate occupancy, rental, or renovation to suit individual needs. This represents a significant investment opportunity in a thriving Neighborhood.

Condition Rating
Fair

Built in 1915, this property has undergone additions in 1988 and 1991, and the electrical box has been updated, along with the addition of solar panels. However, the kitchen and bathrooms are significantly outdated in style and features, likely reflecting the 1980s/1990s renovation period. The kitchen features dated wood cabinets, older countertops, and basic appliances. The bathroom has very dated tile work and fixtures. While functional and livable, the property requires substantial cosmetic updates and modernization to meet current standards, aligning with the 'Fair' category where major components are functional but show signs of being outdated and require minor updates or repairs.
Pros & Cons

Pros

Duplex Configuration & Income Potential: This R-3 zoned duplex offers two distinct units, providing excellent flexibility for owner-occupancy with rental income or a full investment opportunity.
Prime Frogtown Location: Situated in the desirable Frogtown neighborhood, the property benefits from proximity to the L.A. River and popular local amenities, enhancing its lifestyle appeal and potential appreciation.
Vacant Delivery: Both units will be delivered vacant, offering immediate flexibility for the new owner to occupy, renovate, or select new tenants without existing lease complications.
Views of LA River & City Lights: The property features picturesque views of the Los Angeles River and city lights from a Spanish-style balcony, adding significant aesthetic value and desirability.
Approved Expansions & Key System Update: Legally permitted additions (second story, den/bedroom conversion) and an updated electrical box address common concerns for older properties, providing a solid foundation.

Cons

Historic Age & Potential for Extensive Renovation: Built in 1915, the property's age suggests it may require significant investment for modernization and ongoing maintenance beyond the mentioned updates to meet contemporary standards.
Significant Price Reduction: A substantial price drop from the original listing ($1.2M to $999K) could indicate previous overpricing or suggest underlying issues that deterred earlier buyers, warranting further investigation.
Unspecified Condition of Major Systems: Beyond the electrical box, the description lacks details on updates to other critical systems (e.g., plumbing, HVAC, roof, windows), implying potential future capital expenditures for a property of this age.

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