2615 Johnston Street, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath
ACTIVE$700,000
2615 Johnston Street, Los Angeles, California 90031
0Bed
0Bath
1,676Sqft
6,803Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a duplex with two 2-bedroom, 1-bathroom units, each with a laundry room, offering immediate rental income potential for investors.
Top Cons:
Cash Only Requirement: The 'CASH ONLY' stipulation significantly restricts the potential buyer pool, potentially impacting sale speed and final price.
Compared to the nearby listings
Price:$700.0K vs avg $1.02M ($-325,000)31%
Size:1,676 sqft vs avg 2,386 sqft15%
Price/sqft:$418 vs avg $40354%
More Insights
Built in 1940 (85 years old).
Condition: Built in 1940, this property is 84 years old with no indication of recent major renovations. The 'CASH ONLY' requirement and the listing's own analysis highlighting the need for 'substantial investment for updates, deferred maintenance, and modernization of systems' strongly suggest a poor condition. The exterior images show significant wear, dated security bars, and neglected grounds with cracked concrete. The complete absence of interior photos, especially of the kitchen and bathrooms, is a major red flag, indicating these critical areas are likely in very outdated, worn, or even dilapidated condition, requiring full rehabilitation. The property requires substantial repairs and rehabilitation to meet modern living standards.
Year Built
1940
Close
-
List price
$700K
Original List price
$735K
Price/Sqft
$418
HOA
-
Days on market
-
Sold On
-
MLS number
AR25029711
Home ConditionPoor
Features
View-
About this home
Attention: Savvy Investor!!! Retired Seller needs to Sell ! CASH ONLY Back on the market !!!This charming duplex is perfectly located just minutes from the iconic Dodger Stadium, with easy access to Downtown LA, Glendale, and Pasadena. The front unit offers 2 bedrooms, 1 bathroom, plus a laundry room, while the back unit features a similar layout—2 bedrooms, 1 bathroom, and a laundry room as well. With a spacious driveway providing ample parking, and a generous lot size of 6,801 sq. ft., the property also boasts a large parking area with potential for an ADU (check with the city for possibilities). Enjoy the convenience of being close to a wide array of dining, shopping, and entertainment options, along with quick freeway access. This is a fantastic opportunity to own a duplex in one of LA’s most vibrant and rapidly developing neighborhoods!
Nearby schools
4/10
Gates Street Elementary School
Public,•K-5•0.5mi
2/10
Hillside Elementary School
Public,•K-5•0.6mi
4/10
Griffin Avenue Elementary School
Public,•K-5•0.6mi
4/10
Loreto Street Elementary School
Public,•K-5•0.7mi
3/10
Albion Street Elementary School
Public,•K-6•0.8mi
4/10
Huntington Drive Elementary School
Public,•K-6•1.2mi
6/10
Multnomah Street Elementary School
Public,•K-5•1.2mi
3/10
Ann Street Elementary School
Public,•K-6•1.4mi
2/10
Murchison Street Elementary School
Public,•K-6•1.5mi
4/10
Bridge Street Elementary School
Public,•K-5•1.7mi
5/10
Florence Nightingale Middle School
Public,•6-8•0.8mi
5/10
Glen Alta Elementary School
Public,•K-8•0.8mi
5/10
El Sereno Middle School
Public,•6-8•1.9mi
6/10
Hollenbeck Middle School
Public,•6-8•2.8mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•0.5mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.5mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•2.6mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.8mi
Condition Rating
Poor
Built in 1940, this property is 84 years old with no indication of recent major renovations. The 'CASH ONLY' requirement and the listing's own analysis highlighting the need for 'substantial investment for updates, deferred maintenance, and modernization of systems' strongly suggest a poor condition. The exterior images show significant wear, dated security bars, and neglected grounds with cracked concrete. The complete absence of interior photos, especially of the kitchen and bathrooms, is a major red flag, indicating these critical areas are likely in very outdated, worn, or even dilapidated condition, requiring full rehabilitation. The property requires substantial repairs and rehabilitation to meet modern living standards.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex with two 2-bedroom, 1-bathroom units, each with a laundry room, offering immediate rental income potential for investors.
Prime Location & Accessibility: Strategically located minutes from Dodger Stadium, Downtown LA, Glendale, and Pasadena, with quick freeway access and proximity to dining, shopping, and entertainment.
ADU Potential & Large Lot: A generous 6,801 sq. ft. lot with a large parking area presents significant potential for adding an Accessory Dwelling Unit (ADU), enhancing value and income.
Ample Parking: The property features a spacious driveway providing ample off-street parking, a valuable asset in the Los Angeles area.
Vibrant & Developing Neighborhood: Situated in Lincoln Heights, described as a vibrant and rapidly developing neighborhood, suggesting strong appreciation and growth potential.
Cons
Cash Only Requirement: The 'CASH ONLY' stipulation significantly restricts the potential buyer pool, potentially impacting sale speed and final price.
Older Property (Year Built 1940): Built in 1940, the property may require substantial investment for updates, deferred maintenance, and modernization of systems to meet current standards.
Back on Market & Price Reduction: Being 'Back on the market' after a price reduction from $735,000 to $700,000 could signal previous transaction issues, inspection concerns, or initial overpricing.