2500 Ganahl, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$768,800$1,984/sqft
2500 Ganahl, Los Angeles, California 90033
0Bed
0Bath
1,984Sqft
7,970Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Residential Income Property: This triplex offers significant investment potential with three separate rental units, providing multiple streams of income.
Top Cons:
Advanced Age & Potential for Deferred Maintenance: Built in 1924, the property is nearly a century old, likely requiring significant updates to plumbing, electrical, and other systems to meet modern standards and tenant expectations.
Compared to the nearby listings
Price:$768.8K vs avg $750.0K (+$18,800)53%
Size:1,984 sqft vs avg 2,088 sqft47%
Price/sqft:$388 vs avg $38053%
More Insights
Built in 1924 (102 years old).
Condition: Built in 1924 and on the market for the first time since 1962, this property has likely seen no major renovations in over 60 years. The property analysis explicitly notes 'Advanced Age & Potential for Deferred Maintenance' and 'Lack of Renovation Details,' indicating significant updates are required for all major systems (plumbing, electrical, etc.). While the exterior appears structurally intact, the extensive deferred maintenance and the cost to bring a nearly 100-year-old property up to modern standards would likely make its value primarily in the land for redevelopment, aligning with the 'tear-down' criteria.
Year Built
1924
Close
-
List price
$769K
Original List price
$769K
Price/Sqft
$388
HOA
-
Days on market
-
Sold On
-
MLS number
AR26009626
Home ConditionTear down
Features
Good View:
View-
About this home
Located in City Terrace just south of the 10 freeway & east of N Soto Street. 3 buildings, all 2 br & 1 bath each. address 2500 (832 sqft) address 2500 1/4 (est 576 sqft), address 2500 1/2 (est 576 sqft). First time on the market since 1962.
M
Michael Dang
Listing Agent
Condition Rating
Tear down
Built in 1924 and on the market for the first time since 1962, this property has likely seen no major renovations in over 60 years. The property analysis explicitly notes 'Advanced Age & Potential for Deferred Maintenance' and 'Lack of Renovation Details,' indicating significant updates are required for all major systems (plumbing, electrical, etc.). While the exterior appears structurally intact, the extensive deferred maintenance and the cost to bring a nearly 100-year-old property up to modern standards would likely make its value primarily in the land for redevelopment, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
Residential Income Property: This triplex offers significant investment potential with three separate rental units, providing multiple streams of income.
Multiple Detached Buildings: Comprising three individual buildings, the property offers enhanced privacy for tenants and potentially easier individual unit management compared to a single multi-unit structure.
Generous Lot Size: A substantial 7,970 sqft lot in Los Angeles provides valuable outdoor space, potential for future expansion, or additional parking opportunities.
Long-Term Ownership/Rare Opportunity: Being on the market for the first time since 1962 indicates a stable asset and a unique opportunity for investors to acquire a long-held property.
Strategic Los Angeles Location: Situated in City Terrace with excellent freeway access (10 Fwy) and proximity to N Soto Street, enhancing its appeal to renters due to convenience and connectivity within Los Angeles.
Cons
Advanced Age & Potential for Deferred Maintenance: Built in 1924, the property is nearly a century old, likely requiring significant updates to plumbing, electrical, and other systems to meet modern standards and tenant expectations.
Lack of Renovation Details/Implied Condition: The description provides no information on recent renovations or upgrades, suggesting the property may be sold in its current, potentially dated, condition, necessitating substantial capital investment.
Limited Unit Amenities: Each unit having only two bedrooms and one bathroom might be a drawback for some prospective tenants, especially those seeking more modern conveniences or accommodating multiple occupants.