243 E 68th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$798,000
243 E 68th Street, Los Angeles, California 90003
0Bed
0Bath
1,964Sqft
5,408Lot
Price Vs. Estimate
The estimated value ($494,526.95) is $303,473.05 (38%) lower than the list price ($798,000). This property may be overpriced.
Key pros and cons
Top Pros:
Duplex Configuration & Income Potential: The property is configured as a duplex (3 bed/1.5 bath + 2 bed/1 bath), offering significant income potential through rental units or flexibility for multi-generational living.
Top Cons:
Significant Overpricing: The current list price of $798,000 is substantially higher than the estimated property value of approximately $494,527 and recent comparable sales, suggesting it may be significantly overpriced for the market.
Compared to the nearby listings
Price:$798.0K vs avg $595.0K (+$203,000)94%
Size:1,964 sqft vs avg 1,100 sqft94%
Price/sqft:$406 vs avg $50422%
More Insights
Built in 1964 (61 years old).
Condition: The property, built in 1964, benefits from recent significant updates including new floors throughout both units and modernly updated bathrooms, as confirmed by the listing description and images (e.g., the marble-look tiled bathroom). While the kitchens feature older dark wood cabinetry and may not be fully renovated to contemporary standards, and there's no central AC (portable units are visible), the overall condition is move-in ready. The recent cosmetic and functional improvements in key areas like flooring and bathrooms elevate its condition beyond 'Fair', making it a well-maintained property with minimal immediate renovation needs.
Year Built
1964
Close
-
List price
$798K
Original List price
$898K
Price/Sqft
$406
HOA
-
Days on market
-
Sold On
-
MLS number
IV24175484
Home ConditionGood
Features
Good View:
View-
About this home
PRICE REDUCTION!!!!!CENTRALY LOCATED. NICE DUPLEX, BACK UNIT 3 BED 1.5 BATH. OWNER OCCUPIED. FRONT UNIT 2 BED. 1 BATH. CLOSE TO FREEWAYS AND TRANSPORTATIONS. Both units have new floors and updated bathrooms. SELLERS VERY MOTIVATED. MUST SEE, BRING YOUR OFFER.
Price History
Date
Event
Price
08/24/99
Sold
$168,000
11/18/94
Sold
$168,000
01/11/07
Sold
$560,000
Condition Rating
Good
The property, built in 1964, benefits from recent significant updates including new floors throughout both units and modernly updated bathrooms, as confirmed by the listing description and images (e.g., the marble-look tiled bathroom). While the kitchens feature older dark wood cabinetry and may not be fully renovated to contemporary standards, and there's no central AC (portable units are visible), the overall condition is move-in ready. The recent cosmetic and functional improvements in key areas like flooring and bathrooms elevate its condition beyond 'Fair', making it a well-maintained property with minimal immediate renovation needs.
Pros & Cons
Pros
Duplex Configuration & Income Potential: The property is configured as a duplex (3 bed/1.5 bath + 2 bed/1 bath), offering significant income potential through rental units or flexibility for multi-generational living.
Recent Interior Updates: Both units have received recent upgrades, including new floors and updated bathrooms, which reduces immediate renovation costs for a new owner.
Strategic Central Location: Centrally located in Los Angeles with close proximity to freeways and public transportation, enhancing convenience and accessibility for residents.
Motivated Sellers & Price Reduction: A recent price reduction from $898,000 to $798,000, coupled with the explicit mention of 'SELLERS VERY MOTIVATED,' indicates a strong negotiation opportunity for potential buyers.
Owner-Occupied Unit: The back unit being owner-occupied suggests it may be well-maintained and offers flexibility for a buyer looking to occupy one unit while renting out the other.
Cons
Significant Overpricing: The current list price of $798,000 is substantially higher than the estimated property value of approximately $494,527 and recent comparable sales, suggesting it may be significantly overpriced for the market.
Age of Property & Potential for Deferred Maintenance: Built in 1964, the property is 60 years old. While some cosmetic updates are noted, there's no mention of major system upgrades (e.g., roof, HVAC, electrical, plumbing), which could lead to future maintenance costs.
Inconsistent Property Type & Limited Details: The listing describes it as a 'DUPLEX' but the `sub_type` is 'Single Family Residence,' which could cause confusion for buyers or financing. Additionally, the description lacks specific details on the extent of renovations or amenities like parking.