2713 Manitou Avenue, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath
ACTIVE$799,000$2,152/sqft
2713 Manitou Avenue, Los Angeles, California 90031
0Bed
0Bath
2,152Sqft
9,024Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment & Development Opportunity: Positioned as an exceptional opportunity for investors and developers, offering significant potential for value enhancement and long-term growth through improvements or additional development.
Top Cons:
Age of Property & Potential for Deferred Maintenance: Built in 1929, the property is likely to require significant capital investment for updates, renovations, and potential deferred maintenance to meet modern standards and maximize rental income.
Compared to the nearby listings
Price:$799.0K vs avg $1.02M ($-226,000)38%
Size:2,152 sqft vs avg 2,386 sqft46%
Price/sqft:$371 vs avg $39946%
More Insights
Built in 1929 (97 years old).
Condition: Built in 1929, this property shows significant age and wear. The kitchens feature very dated wood cabinets, old laminate/vinyl flooring, and basic fixtures, indicating no major renovations in many decades. While some minor updates like a newer refrigerator or a shower enclosure are present, the overall condition points to substantial deferred maintenance and a need for significant capital investment for updates and rehabilitation, as also suggested in the listing description. Major systems are likely at or past their expected lifespan.
Year Built
1929
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$371
HOA
-
Days on market
-
Sold On
-
MLS number
GD25277199
Home ConditionPoor
Features
View-
About this home
Exceptional opportunity for investors and developers to acquire a centrally located four-unit property in the desirable Lincoln Heights area. The offering includes two separate structures on one 9,024 square foot lot with approximately 2,152 square feet of total living space, creating strong potential for value enhancement and long-term growth. The unit mix consists of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing flexibility for rental strategy and upside through improvements or repositioning. A notable feature is the spacious rear yard with unused land, which may present future ADU or additional development possibilities, subject to buyer verification of zoning, density, and permit requirements with the City. Conveniently located near Downtown Los Angeles, Dodger Stadium, and major freeway access, this property is positioned in an evolving corridor with strong demand and future appreciation potential.
S
Sheida Rezazadeh
Listing Agent
Nearby schools
4/10
Griffin Avenue Elementary School
Public,•K-5•0.3mi
4/10
Gates Street Elementary School
Public,•K-5•0.4mi
3/10
Albion Street Elementary School
Public,•K-6•0.5mi
2/10
Hillside Elementary School
Public,•K-5•0.9mi
4/10
Loreto Street Elementary School
Public,•K-5•1.0mi
3/10
Ann Street Elementary School
Public,•K-6•1.1mi
6/10
Multnomah Street Elementary School
Public,•K-5•1.2mi
2/10
Murchison Street Elementary School
Public,•K-6•1.4mi
4/10
Bridge Street Elementary School
Public,•K-5•1.4mi
4/10
Huntington Drive Elementary School
Public,•K-6•1.5mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.0mi
5/10
Glen Alta Elementary School
Public,•K-8•1.2mi
5/10
El Sereno Middle School
Public,•6-8•2.1mi
6/10
Hollenbeck Middle School
Public,•6-8•2.5mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•0.6mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.6mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•2.3mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.5mi
Condition Rating
Poor
Built in 1929, this property shows significant age and wear. The kitchens feature very dated wood cabinets, old laminate/vinyl flooring, and basic fixtures, indicating no major renovations in many decades. While some minor updates like a newer refrigerator or a shower enclosure are present, the overall condition points to substantial deferred maintenance and a need for significant capital investment for updates and rehabilitation, as also suggested in the listing description. Major systems are likely at or past their expected lifespan.
Pros & Cons
Pros
Strong Investment & Development Opportunity: Positioned as an exceptional opportunity for investors and developers, offering significant potential for value enhancement and long-term growth through improvements or additional development.
Prime Lincoln Heights Location: Centrally located in the desirable Lincoln Heights area, providing excellent accessibility to Downtown Los Angeles, Dodger Stadium, and major freeway access.
Income-Generating Quadruplex: A four-unit property with a flexible unit mix (two 2-bed/1-bath, two 1-bed/1-bath) across two separate structures, ideal for immediate rental income and diverse rental strategies.
Large Lot with ADU/Expansion Potential: Features a substantial 9,024 sq ft lot with a spacious rear yard, presenting clear possibilities for future Accessory Dwelling Unit (ADU) construction or additional development, subject to verification.
High Market Demand & Appreciation: Situated in an evolving corridor known for strong market demand and projected future appreciation, enhancing its long-term investment appeal.
Cons
Age of Property & Potential for Deferred Maintenance: Built in 1929, the property is likely to require significant capital investment for updates, renovations, and potential deferred maintenance to meet modern standards and maximize rental income.
Required Buyer Due Diligence & Investment: The description implies the need for 'improvements or repositioning' and 'buyer verification of zoning, density, and permit requirements,' indicating that it is not a turn-key asset and will require further investment and research.
Variable Local School Ratings: While some schools are well-rated, several elementary and high schools in the immediate vicinity have lower ratings, which could be a consideration for prospective tenants or future buyers with families.