264 Margaret Avenue, Los Angeles, California 90022, Los Angeles, 90022 - bed, bath

ACTIVE$770,000
264 Margaret Avenue, Los Angeles, California 90022
0Bed
0Bath
2,174Sqft
60,088Lot
Year Built
1947
Close
-
List price
$770K
Original List price
$800K
Price/Sqft
$354
HOA
-
Days on market
-
Sold On
-
MLS number
WS25074908
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $770.0K(33th), sqft - 2174(61th), beds - undefined(50th), baths - undefined(50th).
For Sale: Bonus Unit + three Units + four garages on a Lot. Welcome to this quiet and peaceful neighborhood! Conveniently located with easy access to Monterey Park, Montebello, East Los Angeles, local churches, grocery stores, parks, shops, metro stations, and the 60 Freeway. The property includes: three units AND bonus bachelor unit (studio layout). Each of the three units has its own kitchen, one bathroom, one bedroom and laundry area. The bonus unit is a bachelor or studio layout. GREAT FOR YOUR INVESTMENT.
Price History
Date
Event
Price
08/29/25
Price Change
$770,000
04/07/25
Listing
$800,000
Condition Rating
Fair
The property was built in 1947, making it 77 years old. The provided images are exclusively exterior shots and an aerial view, offering no insight into the condition, style, or features of the kitchens and bathrooms. The exterior appears maintained but clearly dated, with an older architectural style and basic landscaping. The absence of interior photos, especially for an income property of this age, strongly suggests that the interiors, including kitchens and bathrooms, are likely original or have only received minor, functional updates over the decades, making them significantly outdated. While the property is described as having multiple units with kitchens and bathrooms, implying functionality, it's highly probable they require substantial cosmetic updates and potentially system upgrades to meet current standards. It doesn't appear to have significant structural defects that would warrant a 'Poor' or 'Tear-down' rating, but it certainly requires minor to moderate updates.
Pros & Cons
Pros
Strong Income Potential: The property is explicitly marketed as a 'Residential Income' opportunity with three individual 1-bedroom units and an additional bonus bachelor/studio unit, maximizing rental revenue.
Exceptional Lot Size: A very large lot of 60,088 sqft in Los Angeles offers significant potential for future expansion, additional dwelling units (ADUs), or substantial outdoor amenities.
Ample Parking & Storage: The inclusion of four garages provides valuable off-street parking for tenants or potential for additional storage income, a premium in urban areas.
Strategic & Convenient Location: Located in a quiet neighborhood with easy access to Monterey Park, Montebello, East Los Angeles, local amenities, metro stations, and the 60 Freeway, enhancing tenant appeal.
Individual Unit Amenities: Each of the three main units features its own kitchen, bathroom, and laundry area, offering tenants independence and convenience.
Cons
Age and Potential for Deferred Maintenance: Built in 1947, the property is likely to require significant updates to its systems (plumbing, electrical) and aesthetics to meet modern standards and maximize rental value.
Unverified 'Bonus Unit' Legality: The description mentions a 'bonus bachelor unit' which, given the 'Triplex' sub-type, suggests it might be an unpermitted addition, requiring due diligence on its legal status.
Discrepancy in Unit Count: The property is listed as a 'Triplex' but described as having 'three units AND bonus bachelor unit' (implying four units), which requires clarification for legal and financial assessment.








