264 Margaret, Los Angeles, California 90022, Los Angeles, 90022 - bed, bath
ACTIVE$770,000$2,174/sqft
264 Margaret, Los Angeles, California 90022
0Bed
0Bath
2,174Sqft
6,088Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential: The property features three distinct 1-bedroom units and an additional bonus bachelor/studio unit, offering diversified rental income streams and maximizing investment returns.
Top Cons:
Age of Property: Built in 1947, the property's age suggests potential for outdated systems, infrastructure, and the need for future capital expenditures on renovations or repairs.
Compared to the nearby listings
Price:$770.0K vs avg $820.0K ($-50,000)33%
Size:2,174 sqft vs avg 1,994 sqft67%
Price/sqft:$354 vs avg $41128%
More Insights
Built in 1947 (79 years old).
Condition: Built in 1947, this property shows significant age and deferred maintenance on the exterior, with faded/peeling paint, dated awnings, and visible window AC units. Without interior photos, it's highly probable that the kitchens, bathrooms, and other major systems (electrical, plumbing, HVAC) are original or have only received minimal, outdated renovations, requiring substantial repairs and rehabilitation to meet current standards and ensure long-term functionality. The property's value is likely tied to its income potential and land, but significant capital investment is needed to modernize the units.
Year Built
1947
Close
-
List price
$770K
Original List price
$770K
Price/Sqft
$354
HOA
-
Days on market
-
Sold On
-
MLS number
WS26004764
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
For Sale: Bonus Unit + 3 Units + 4 Garages on a lot. Welcome to this quiet and peaceful neighbor: 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: 3 units AND bonus bachelor unit (studio layout). Each of the 3 units has its own kitchen, 1 bathroom, 1 bedroom and laundry area. The bonus unit is a bachelor or studio layout. GREAT FOR YOUR INVESTMENT.
F
FANNY LAW
Listing Agent
Condition Rating
Poor
Built in 1947, this property shows significant age and deferred maintenance on the exterior, with faded/peeling paint, dated awnings, and visible window AC units. Without interior photos, it's highly probable that the kitchens, bathrooms, and other major systems (electrical, plumbing, HVAC) are original or have only received minimal, outdated renovations, requiring substantial repairs and rehabilitation to meet current standards and ensure long-term functionality. The property's value is likely tied to its income potential and land, but significant capital investment is needed to modernize the units.
Pros & Cons
Pros
High Income Potential: The property features three distinct 1-bedroom units and an additional bonus bachelor/studio unit, offering diversified rental income streams and maximizing investment returns.
Excellent Location & Accessibility: Strategically located with convenient access to Monterey Park, Montebello, East Los Angeles, major freeways (60 freeway), metro stations, and essential amenities like grocery stores, parks, and shops, enhancing tenant appeal.
Dedicated Parking & Storage: The inclusion of four garages provides valuable dedicated parking or storage options for tenants, a significant advantage in urban areas.
Self-Contained Units: Each of the three main units is fully self-contained with its own kitchen, bathroom, bedroom, and laundry area, offering privacy and convenience for residents.
Investment-Focused Asset: Clearly positioned as a 'GREAT FOR YOUR INVESTMENT,' this property is ideal for investors seeking a multi-unit asset with strong rental demand in a desirable Los Angeles location.
Cons
Age of Property: Built in 1947, the property's age suggests potential for outdated systems, infrastructure, and the need for future capital expenditures on renovations or repairs.
Unit Configuration Limitations: The primary configuration of 1-bedroom and studio units may limit the tenant pool to singles or couples, potentially excluding larger families and impacting the maximum achievable rental rates compared to multi-bedroom units.
Potential for Deferred Maintenance: The description does not specify recent renovations or upgrades, implying that an older income property of this vintage may require significant investment in deferred maintenance or modernization to maximize its value and tenant appeal.