2942 S Orange, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath
ACTIVE$1,599,999
2942 S Orange, Los Angeles, California 90016
0Bed
0Bath
1,980Sqft
6,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: As a triplex, the property offers multiple rental units, providing diversified income streams and strong investment potential in a competitive market.
Top Cons:
Advanced Age of Structure: Built in 1922, the property may require significant capital expenditure for updating major systems (e.g., plumbing, electrical, HVAC) and general maintenance to meet modern standards.
Compared to the nearby listings
Price:$1.60M vs avg $1.35M (+$249,999)71%
Size:1,980 sqft vs avg 1,980 sqft50%
Price/sqft:$808 vs avg $45586%
More Insights
Built in 1922 (103 years old).
Condition: Built in 1922, this property is over 100 years old. The MLS listing explicitly notes the 'Advanced Age of Structure' and the potential need for 'significant capital expenditure for updating major systems (e.g., plumbing, electrical, HVAC) and general maintenance to meet modern standards.' Without any interior images or details of recent extensive renovations, it is highly probable that the kitchens, bathrooms, and other critical systems are significantly outdated and require substantial repairs and rehabilitation to meet current quality and safety standards. The exterior image shows an older architectural style consistent with its age, but provides no insight into interior condition.
Year Built
1922
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$808
HOA
-
Days on market
-
Sold On
-
MLS number
PW25255398
Home ConditionPoor
Features
View-
About this home
Nearby schools
5/10
Cienega Elementary School
Public,•K-5•0.4mi
6/10
Baldwin Hills Elementary School
Public,•K-5•0.6mi
6/10
Marvin Elementary School
Public,•K-5•0.7mi
5/10
Virginia Road Elementary School
Public,•K-5•0.9mi
4/10
Alta Loma Elementary School
Public,•K-5•1.5mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.8mi
3/10
Arlington Heights Elementary School
Public,•K-5•2.0mi
2/10
Audubon Middle School
Public,•6-8•1.9mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.0mi
3/10
Daniel Webster Middle School
Public,•6-8•4.6mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.6mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.0mi
Price History
Date
Event
Price
08/18/95
Sold
$155,000
04/25/95
Sold
$70,000
Condition Rating
Poor
Built in 1922, this property is over 100 years old. The MLS listing explicitly notes the 'Advanced Age of Structure' and the potential need for 'significant capital expenditure for updating major systems (e.g., plumbing, electrical, HVAC) and general maintenance to meet modern standards.' Without any interior images or details of recent extensive renovations, it is highly probable that the kitchens, bathrooms, and other critical systems are significantly outdated and require substantial repairs and rehabilitation to meet current quality and safety standards. The exterior image shows an older architectural style consistent with its age, but provides no insight into interior condition.
Pros & Cons
Pros
Income-Generating Triplex: As a triplex, the property offers multiple rental units, providing diversified income streams and strong investment potential in a competitive market.
Prime Los Angeles Location: Situated in Los Angeles (90016), a highly desirable and appreciating market, ensuring robust rental demand and potential for long-term capital growth.
Generous Lot Size: The 6,000 sqft lot provides ample outdoor space, potential for future expansion, or additional amenities, enhancing its appeal to tenants and investors.
Historic Architectural Charm: Built in 1922, the property likely possesses unique architectural details and character, which can attract tenants and buyers seeking properties with historical appeal.
Access to Highly-Rated Elementary Schools: Proximity to several elementary schools with strong ratings (5-6) makes the location attractive for families with young children, potentially increasing rental demand.
Cons
Advanced Age of Structure: Built in 1922, the property may require significant capital expenditure for updating major systems (e.g., plumbing, electrical, HVAC) and general maintenance to meet modern standards.
Lower-Rated Secondary Schools: The presence of nearby middle and high schools with lower ratings (e.g., 2/10) could be a deterrent for families with older school-aged children, potentially limiting the tenant pool.
High Price Point for Square Footage: The list price of $1.6 million for 1980 sqft (total for three units) represents a high price per square foot, which may require strong rental income figures to justify the investment and could narrow the buyer demographic.