2836 Frederick Street, Los Angeles, California 90065, Los Angeles, 90065 - bed, bath
ACTIVE$925,000
2836 Frederick Street, Los Angeles, California 90065
0Bed
0Bath
1,672Sqft
4,856Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Property: As a duplex, this property offers significant income potential, allowing for rental income from one or both units, which is highly desirable in the Los Angeles market for investors or owner-occupants looking to offset mortgage costs.
Top Cons:
Age-Related Maintenance & Upgrades: Built in 1924, the property is likely to require significant investment in updating older systems (plumbing, electrical, HVAC) and addressing potential deferred maintenance, which could be a substantial upfront cost for buyers.
Compared to the nearby listings
Price:$925.0K vs avg $936.0K ($-11,000)40%
Size:1,672 sqft vs avg 1,828 sqft40%
Price/sqft:$553 vs avg $55350%
More Insights
Built in 1924 (101 years old).
Condition: Built in 1924, this property is 100 years old and shows significant signs of neglect and deferred maintenance. The exterior images reveal a worn facade, heavily cracked concrete driveway, and an unkempt yard with various items scattered, indicating a lack of upkeep. While no interior images are provided, the exterior condition strongly suggests that the kitchen, bathrooms, and other major systems are likely original or very outdated, requiring substantial repairs and rehabilitation to meet modern standards and ensure safety and comfort. This property is far from move-in ready and will require a significant investment to bring it to a habitable and desirable condition.
Year Built
1924
Close
-
List price
$925K
Original List price
$925K
Price/Sqft
$553
HOA
-
Days on market
-
Sold On
-
MLS number
CV25068265
Home ConditionPoor
Features
View-
About this home
Nearby schools
4/10
Glassell Park Elementary School
Public,•K-6•0.4mi
2/10
Aragon Avenue Elementary School
Public,•K-5•0.6mi
7/10
Dorris Place Elementary School
Public,•K-6•0.7mi
4/10
Loreto Street Elementary School
Public,•K-5•1.3mi
2/10
Hillside Elementary School
Public,•K-5•1.5mi
3/10
Albion Street Elementary School
Public,•K-6•2.2mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.2mi
6/10
Irving STEAM Magnet
Public,•6-8•1.3mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
05/31/12
Sold
$237,000
Condition Rating
Poor
Built in 1924, this property is 100 years old and shows significant signs of neglect and deferred maintenance. The exterior images reveal a worn facade, heavily cracked concrete driveway, and an unkempt yard with various items scattered, indicating a lack of upkeep. While no interior images are provided, the exterior condition strongly suggests that the kitchen, bathrooms, and other major systems are likely original or very outdated, requiring substantial repairs and rehabilitation to meet modern standards and ensure safety and comfort. This property is far from move-in ready and will require a significant investment to bring it to a habitable and desirable condition.
Pros & Cons
Pros
Income-Generating Property: As a duplex, this property offers significant income potential, allowing for rental income from one or both units, which is highly desirable in the Los Angeles market for investors or owner-occupants looking to offset mortgage costs.
Prime Los Angeles Location: Situated in Cypress Park, Los Angeles, the property benefits from strong market demand, potential for appreciation, and convenient access to urban amenities, transportation, and employment centers.
Generous Lot Size: With a lot size of 4856 sqft, the property offers ample outdoor space for an urban duplex, providing potential for landscaping, outdoor living areas, or even future expansion possibilities like an Accessory Dwelling Unit (ADU), subject to local zoning.
Architectural Character: Built in 1924, the property likely possesses unique architectural details and solid construction characteristic of its era, appealing to buyers who appreciate historical charm and character over modern, cookie-cutter designs.
Investment Potential: Combining its income-generating nature, desirable location, and potential for long-term appreciation in a robust market like Los Angeles, this property presents a compelling investment opportunity.
Cons
Age-Related Maintenance & Upgrades: Built in 1924, the property is likely to require significant investment in updating older systems (plumbing, electrical, HVAC) and addressing potential deferred maintenance, which could be a substantial upfront cost for buyers.
Lack of Renovation Details: The provided information does not specify any recent renovations or the current condition of the units, leading potential buyers to assume the property is in original or dated condition, necessitating a higher budget for necessary improvements.
Potential for Higher Operating Costs: Older multi-unit properties often incur higher utility costs due to less efficient insulation and systems, as well as increased general maintenance and repair expenses compared to newer constructions.