3120 Malabar Street, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 1 bath
ACTIVE$620,000
3120 Malabar Street, Los Angeles, California 90063
2Beds
1Bath
784Sqft
3,248Lot
Year Built
1921
Close
-
List price
$620K
Original List price
$580K
Price/Sqft
$791
HOA
-
Days on market
-
Sold On
-
MLS number
MB24109087
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 21% below the list price. We found 3 Cons,5 Pros. Rank: price - $620.0K(37th), sqft - 784(13th), beds - 2(37th), baths - 1(42th).
Do not miss on this opportunity! perfect for first time Buyers. Main House has 2 bedrooms with addition room with no permit, and 1 bathroom. There is an additional single unit with one bedroom and 1 bathroom built in the back yard with no permit. Buyer to verify all information with the city.
Nearby schools
4/10
Malabar Street Elementary School
Public,•K-6•0.1mi
4/10
Evergreen Avenue Elementary School
Public,•K-6•0.5mi
2/10
First Street Elementary School
Public,•K-6•0.5mi
3/10
Harrison Street Elementary School
Public,•K-6•0.7mi
3/10
Sheridan Street Elementary School
Public,•K-6•0.8mi
3/10
Belvedere Elementary School
Public,•K-5•0.9mi
2/10
Murchison Street Elementary School
Public,•K-6•1.0mi
4/10
Breed Street Elementary School
Public,•K-6•1.0mi
5/10
Euclid Avenue Elementary School
Public,•K-5•1.1mi
4/10
Second Street Elementary School
Public,•K-6•1.2mi
5/10
Rowan Avenue Elementary School
Public,•K-5•1.3mi
4/10
Bridge Street Elementary School
Public,•K-5•1.3mi
5/10
Sunrise Elementary School
Public,•K-6•1.4mi
2/10
Lorena Street Elementary School
Public,•K-5•1.4mi
4/10
Soto Street Elementary School
Public,•K-6•1.5mi
/10
Amanecer Primary Center
Public,•K-2•1.5mi
4/10
Griffin Avenue Elementary School
Public,•K-5•1.8mi
4/10
Christopher Dena Elementary School
Public,•K-6•1.8mi
/10
Garza (Carmen Lomas) Primary Center
Public,•K-2•1.9mi
5/10
Eastman Avenue Elementary School
Public,•K-5•1.9mi
4/10
Gates Street Elementary School
Public,•K-5•1.9mi
3/10
Albion Street Elementary School
Public,•K-6•2.2mi
3/10
Ann Street Elementary School
Public,•K-6•2.4mi
5/10
Ninth Street School
Public,•K-5•3.0mi
4/10
Belvedere Middle School
Public,•6-8•0.9mi
6/10
Hollenbeck Middle School
Public,•6-8•1.1mi
3/10
Robert Louis Stevenson Middle School
Public,•6-8•1.4mi
4/10
Utah Street Elementary School
Public,•K-8•1.6mi
5/10
El Sereno Middle School
Public,•6-8•2.6mi
5/10
Florence Nightingale Middle School
Public,•6-8•3.1mi
6/10
Vernon City Elementary School
Public,•K-7•3.5mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•4.1mi
3/10
Henry T. Gage Middle School
Public,•6-8•4.6mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•1.0mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•1.0mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•1.8mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.8mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.0mi
7/10
James A. Garfield Senior High School
Public,•9-12•2.6mi
4/10
Huntington Park Senior High School
Public,•9-12•4.3mi
5/10
Maywood Academy High
Public,•9-12•4.3mi
5/10
Bell Senior High School
Public,•9-12•4.9mi
4/10
Elizabeth Learning Center
Public,•K-12•5.8mi
Price History
Date
Event
Price
01/26/21
Sold
$188,000
08/05/10
Sold
$130,000
06/30/06
Sold
$400,000
03/31/05
Sold
$290,000
05/12/03
Sold
$175,000
Condition Rating
Poor
The property was built in 1921. The images show an outdated interior with what appears to be deferred maintenance. The listing mentions unpermitted additions, which could indicate further issues. The kitchen and bathroom are not shown, but given the age and overall appearance, substantial repairs and updates are likely needed.
Pros & Cons
Pros
First-Time Buyer Opportunity: Marketed as ideal for first-time buyers, potentially attracting a wider pool of interested parties.
Potential Rental Income: The additional single unit in the backyard offers potential for rental income, increasing the property's investment appeal.
Price Point: The list price of $620,000 may be attractive to buyers looking for affordable options in the Los Angeles area.
Lot Size: The lot size of 3,248 sqft provides outdoor space, which is a valuable asset in Los Angeles.
Location: Located in Boyle Heights, offering proximity to downtown Los Angeles and various amenities.
Cons
Permit Issues: The additional room in the main house and the backyard unit were built without permits, potentially leading to code violations and compliance issues.
Limited Square Footage: The main house has a relatively small living space of 784 sqft, which may not be suitable for larger families.
Potential Renovation Needs: The property, built in 1921, may require updates and renovations to meet modern standards and preferences.