304 E 95th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$1,649,000
304 E 95th Street, Los Angeles, California 90003
0Bed
0Bath
4,788Sqft
6,368Lot
Year Built
1966
Close
-
List price
$1.65M
Original List price
$1.89M
Price/Sqft
$344
HOA
-
Days on market
-
Sold On
-
MLS number
DW25081840
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.65M(50th), sqft - 4788(50th), beds - undefined(50th), baths - undefined(50th).
Opportunity Knocks Price Reduced to 1649,000,For Real Estate Investors in LA! This high-Income 6- unit apartment building is now for sale. It features a 5- 2 bedroom 1 bath, and 1- 2 bedroom- 1.5 bath. with 5 units will be delivered vacant at close of escrow.(market rents $2900-$3100) Tenants pay for all utilities except water. Hurry this won't last.
Price History
Date
Event
Price
08/16/25
Price Change
$1,649,000-2.4%
08/02/25
$1,690,000
04/14/25
$1,890,000
05/18/07
Sold
$450,000
Condition Rating
Poor
Built in 1966, this property is 58 years old with no apparent major renovations in recent decades. The visible interior spaces feature worn hardwood floors, an outdated wall heater, and a basic utility sink, all indicating a need for substantial rehabilitation. While kitchens and bathrooms are not pictured, their condition can be inferred to be similarly dated, requiring significant updates to meet current market standards and tenant expectations. The property is functional but requires considerable investment to modernize.
Pros & Cons
Pros
High Income Potential: This is a 6-unit apartment building explicitly marketed as 'high-Income' with potential market rents ranging from $2900-$3100 per unit, indicating strong revenue generation capacity.
Significant Vacancy for Repositioning: Five out of six units will be delivered vacant at close of escrow, providing an immediate opportunity for the new owner to renovate and lease at current market rates without tenant displacement issues.
Recent Price Reduction: The list price has been reduced from $1.89M to $1.649M, offering a more attractive entry point and potential for increased return on investment for buyers.
Tenant-Paid Utilities (Partial): Tenants are responsible for all utilities except water, which significantly reduces the landlord's operating expenses and enhances net operating income.
Desirable Unit Mix: The property features a practical unit mix of five 2-bedroom/1-bath units and one 2-bedroom/1.5-bath unit, which are generally in high demand in the rental market.
Cons
Age of Building: Built in 1966, the property is over 50 years old, which may necessitate significant capital expenditures for system upgrades (plumbing, electrical, HVAC) or structural repairs in the near future.
Landlord Pays Water: While tenants cover most utilities, the landlord is responsible for water costs, which is a recurring expense that can fluctuate and impact overall profitability.
Lack of Renovation Details: The description does not specify any recent renovations or upgrades, suggesting units may be in original or dated condition, potentially requiring additional investment to achieve the stated market rents.