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2911 5th Avenue, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath

2911 5th Avenue, Los Angeles, California 90018 home-pic-0
ACTIVE$1,350,000
2911 5th Avenue, Los Angeles, California 90018
0Bed
0Bath
2,250Sqft
7,507Lot
Year Built
1924
Close
-
List price
$1.35M
Original List price
$1.35M
Price/Sqft
$600
HOA
-
Days on market
-
Sold On
-
MLS number
SB25119401
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.35M(85th), sqft - 2250(46th), beds - undefined(50th), baths - undefined(50th).

FHA Qualified. Great investment property. Property has a duplex in front, each is 1bedroom, 1 bath. One of the front units has been upgraded. Single standing unit in rear is a 2-bedroom one bath. 2-car garage in the rear is zoned and perfect area for ADU. Property is zoned for multiple units, in which you can add to the top of the existing structures or remove all structures and add multiple units of (6-12, verify the building zoning code). Property is also zoned for a Group Home or Child Care services. The 2-Beadroom is Licensed for RCFE Care. Property has very nice curb appeal and endless, investment future potential. Please do not disturb the tenants nor walk the property. Unit 3 is available for showing. **** Better Hurry THIS ONE WON'T LAST ****

Nearby schools

3/10
Sixth Avenue Elementary School
Public,•K-5•0.2mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.8mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.8mi
3/10
Arlington Heights Elementary School
Public,•K-5•0.9mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•0.9mi
5/10
Virginia Road Elementary School
Public,•K-5•1.0mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.0mi
2/10
Audubon Middle School
Public,•6-8•1.4mi
5/10
Foshay Learning Center
Public,•K-12•1.2mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•1.4mi
4/10
Los Angeles Senior High School
Public,•9-12•2.0mi
4/10
West Adams Preparatory High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
11/03/00
Sold
$175,000
Condition Rating
Poor
Built in 1924, this property is 100 years old. While the listing states 'one of the front units has been upgraded' and boasts 'nice curb appeal,' the property analysis explicitly notes 'potential for deferred maintenance, outdated systems, and higher renovation costs for non-upgraded units.' With only one of three units upgraded, it's highly probable that the majority of the property, including kitchens and bathrooms in the non-upgraded units, are significantly outdated and require substantial repairs and rehabilitation to meet modern standards. The lack of interior photos for these critical areas further supports the likelihood of extensive work needed.
Pros & Cons

Pros

Significant Development Potential: The property offers substantial future development potential, being zoned for multiple units (6-12) and featuring a 2-car garage ideal for an ADU conversion, maximizing long-term value.
Diverse Income Streams: Currently configured as a triplex (duplex + single unit) with one unit licensed for RCFE Care, providing immediate multiple income streams and specialized rental opportunities.
FHA Qualification: Being FHA qualified broadens the potential buyer pool, making the property accessible to a wider range of investors and owner-occupants.
Specialized Zoning & Use Options: Beyond residential, the property is zoned for Group Home or Child Care services, offering flexible and niche business opportunities.
Immediate Rental Appeal & Curb Appeal: One front unit has been upgraded, and the property boasts very nice curb appeal, enhancing its attractiveness to tenants and presenting a positive first impression.

Cons

Restricted Property Access: Limited access for due diligence, with instructions not to disturb tenants or walk the property, and only one unit available for showing, poses a significant challenge for thorough buyer inspection.
Property Age & Potential Maintenance: Built in 1924, the property's age suggests potential for deferred maintenance, outdated systems, and higher renovation costs for non-upgraded units.
Zoning Verification Required: While offering development potential, buyers are required to verify building zoning codes, introducing an element of uncertainty and additional due diligence for future expansion plans.

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