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300 W 121st Street W, Los Angeles, California 90061, Los Angeles, 90061 - bed, bath

300 W 121st Street W, Los Angeles, California 90061 home-pic-0
ACTIVE$1,499,000
300 W 121st Street W, Los Angeles, California 90061
0Bed
0Bath
6,942Sqft
15,016Lot
Year Built
1922
Close
-
List price
$1.5M
Original List price
$2M
Price/Sqft
$216
HOA
-
Days on market
-
Sold On
-
MLS number
DW25034950
Home ConditionGood
Features
Good View: City Lights, Mountain(s), Neighborhood
Patio
ViewCity Lights,Mountain(s),Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(92th), sqft - 6942(92th), beds - undefined(50th), baths - undefined(50th).

Buyer couldn’t perform…A RARE INVESTMENT OPPORTUNITY – SPACIOUS FOURPLEX IN A PRIME LOCATION! Don’t miss out on this incredible income-generating property! This unique two-structure fourplex offers both comfort and investment potential.The front structure is a charming five-bedroom, two-bathroom, two-story home with ample space for a large family or multi-generational living. Two of the bedrooms are conveniently located on the ground floor—ideal for elderly family members or guests. The home has been recently renovated, featuring:Freshly painted interiors, durable decorative laminate flooring in the living and dining areas, crown molding that adds elegance and character. Newly replaced upstairs windows (November 2024) Updated electrical system (2017) The kitchen is a standout, boasting rich mahogany-stained cabinetry, a sleek white subway tile backsplash, and a conveniently located laundry room nearby—making household chores effortless. The spacious backyard is perfect for entertaining, offering plenty of room for gatherings with family and friends.The second structure, built in 2007, consists of three spacious three-bedroom, two-bathroom units, providing excellent rental potential. All units are two stories, offering privacy and modern living spaces. Additional highlights: Spacious driveway that accommodates six to seven vehicles Stylish and secure wrought iron perimeter fence, Recently replaced roofs (2023) on both structures. Centrally located near Downtown Los Angeles, Crypto.com Arena (home of the Lakers), SoFi Stadium, and the Intuit Dome home of the Los Angeles Clippers. This is an exceptional opportunity for investors looking for a high-demand rental property in a prime location. Whether you’re expanding your portfolio or searching for a multi-family living solution, this fourplex is a must-see! Schedule a showing today and seize this amazing investment!

Price History

Date
Event
Price
07/28/00
Sold
$200,000
Condition Rating
Good
This property consists of two structures. The newer structure, built in 2007, is 17 years old and described as having 'modern living spaces,' fitting well within the 'good' category's age criteria. The older front structure, built in 1922, has undergone significant recent renovations, including updated electrical (2017), newly replaced roofs (2023), new upstairs windows (Nov 2024, implying very recent), fresh paint, durable decorative laminate flooring, and crown molding. The kitchen in the front unit features 'rich mahogany-stained cabinetry' and a 'sleek white subway tile backsplash,' indicating a modern and functional update. While the original structure is old, the extensive and recent updates to critical systems and interior finishes, combined with the relatively modern second structure, make the property move-in ready with well-maintained systems and minimal wear and tear. It does not qualify as 'excellent' due to the age of the primary structure and the fact that not all components are brand new, but the comprehensive renovations elevate it beyond 'fair'.
Pros & Cons

Pros

High Income Potential: As a fourplex in a prime Los Angeles location, the property offers significant income-generating capabilities and is explicitly marketed as a rare investment opportunity.
Strategic Location: Centrally located near major entertainment venues like Crypto.com Arena, SoFi Stadium, and Intuit Dome, enhancing rental demand and potential for appreciation.
Extensive Recent Renovations: Significant capital improvements include recently replaced roofs (2023), updated electrical (2017), new upstairs windows (2024), and renovated interiors in the front unit, minimizing immediate maintenance needs.
Flexible Unit Configuration: The unique two-structure setup with a large 5-bedroom unit and three modern 3-bedroom units caters to diverse tenant needs or multi-generational living solutions.
Ample Parking & Large Lot: A spacious driveway accommodating 6-7 vehicles and a substantial 15,016 sqft lot are highly valuable amenities in a dense urban market like Los Angeles.

Cons

Prior Transaction Failure: The disclosure 'Buyer couldn’t perform' indicates a previous deal fell through, which may raise questions or suggest underlying issues that warrant further due diligence.
Substantial Price Reduction: A significant $500,000 reduction from the original list price could imply initial overpricing or challenges in attracting buyers at the higher price point, potentially affecting perceived value.
Age of Original Structure: Despite renovations, the 1922 build year of the front structure may still present potential for unforeseen maintenance or infrastructure issues typical of older properties.

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