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2414 N Alvarado Street, Los Angeles, California 90039, Los Angeles, 90039 - bed, bath

2414 N Alvarado Street, Los Angeles, California 90039 home-pic-0
ACTIVE$1,225,000
2414 N Alvarado Street, Los Angeles, California 90039
0Bed
0Bath
1,655Sqft
7,193Lot
Year Built
1908
Close
-
List price
$1.23M
Original List price
$1.23M
Price/Sqft
$740
HOA
-
Days on market
-
Sold On
-
MLS number
CV24220716
Home ConditionExcellent
Features
Good View: City Lights, Hills, Neighborhood
Deck
ViewCity Lights,Hills,Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.23M(50th), sqft - 1655(33th), beds - undefined(50th), baths - undefined(50th).

FANTASTIC TRIPLEX ( ECHO PARK / SILVER LAKE ) ON THE HILLS WITH BREATHTAKING VIEWS. Upscale trendy modern living neighborhood in the heart of Echo Park / Silver Lake. Location with a high rental demand. Close proximity within walking distance or really short drive to Silver Lake, Elysian Park, Dodger Stadium trendy restaurants, shops, Griffith Park, Los Angeles Zoo, Museums, nature trails, 20 miles from beach, Freeways nearby and so much more. Fully upgraded with laminate flooring, LED energy efficient lighting, dual paned windows, stainless steel cable handrails, wonderful deck with views, private parking, remodeled kitchens and bathrooms which include all appliances, fresh interior and exterior paint with other additional upgrades. This property consists of (Unit A 1 bedroom / 1 bathroom) , (Unit B 2 bedroom / 1 bathroom) and (Unit C Studio/1 bathroom). This property sits on 2 parcels, and the seller states square footage is 1,655.

Price History

Date
Event
Price
10/28/24
Listing
$1,225,000
02/02/18
Sold
$817,000
07/10/15
Sold
$390,000
03/31/04
Sold
$480,000
10/23/01
Sold
$250,000
02/16/00
Sold
$214,000
Condition Rating
Excellent
Despite being built in 1908, the property has undergone a 'fully upgraded' and 'remodeled' renovation, as stated in the description and evidenced by the images. The kitchens feature modern white shaker cabinets, light countertops, stainless steel appliances, and recessed lighting. Bathrooms are also updated with contemporary vanities and glass-enclosed showers. New laminate flooring and fresh paint throughout contribute to a virtually new interior condition, meeting current quality standards with no visible deferred maintenance in the renovated areas. This extensive and recent renovation elevates the property's condition to excellent.
Pros & Cons

Pros

Income-Generating Triplex: The property is a triplex with three distinct units (1-bedroom, 2-bedroom, and studio), offering significant rental income potential and flexibility for investors.
Prime Location & High Rental Demand: Located in the upscale and trendy Echo Park / Silver Lake neighborhood, known for high rental demand and excellent proximity to amenities, parks, restaurants, and freeways.
Extensive Recent Upgrades: The property has been fully upgraded with laminate flooring, LED lighting, dual-paned windows, remodeled kitchens and bathrooms, fresh paint, and a deck, minimizing immediate capital expenditure.
Breathtaking Views: Offers 'breathtaking views' of city lights, hills, and the neighborhood, enhancing its desirability and potential rental value.
Large Lot & Two Parcels: Sitting on a substantial 7,193 sqft lot across two parcels, this provides potential for future expansion, enhanced landscaping, or further development (subject to zoning).

Cons

Age of Structure: Built in 1908, the property's underlying structure and systems, despite recent upgrades, are over a century old, which may lead to unforeseen maintenance or repair costs in the long term.
Compact Unit Sizes: With a total of 1,655 sqft divided into three units, individual unit sizes are likely compact, potentially limiting the tenant demographic or commanding lower rents compared to more spacious alternatives.
Hillside Location Challenges: While offering views, being 'on the hills' can imply steep access, potential for complex foundation issues, or increased landscaping maintenance, which are common considerations for hillside properties.

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