317 E 80th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

317 E 80th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$900,000
317 E 80th Street, Los Angeles, California 90003
0Bed
0Bath
2,784Sqft
5,126Lot
Year Built
1987
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$323
HOA
-
Days on market
-
Sold On
-
MLS number
OC25111030
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $900.0K(81th), sqft - 2784(83th), beds - undefined(50th), baths - undefined(50th).

This property is situated at 317 East 80th Street in the Southwest section of Los Angeles. It consists of two separate buildings, each containing a 4-bedroom, 2-bath unit. Tenants are responsible for paying their own water, gas, and electricity bills. This two-unit apartment building presents a high yield, making it an excellent investment opportunity or a viable option for owner occupancy. The property is available as part of a portfolio and can be purchased separately or in conjunction with the following properties: - 714 East 48th Street, Los Angeles, CA 90011 (5 units) - 831-833 West 97th Street, Los Angeles, CA 90044 (5 units) - 949-955 West 82nd Street, Los Angeles, CA 90044 (6 units) - 1160 East 47th Street, Los Angeles, CA 90011 (2 units) - 2809 West 141 Place, Gardena, CA 90249 (6 units) - 5846 Estrella Avenue, Los Angeles, CA 90044 (4 units) - 7100 South Figueroa, Los Angeles, CA 90003 (2 units).

Price History

Date
Event
Price
04/30/13
Sold
$374,500
01/04/10
Sold
$300,000
01/30/06
Sold
$565,000
08/18/05
Sold
$427,000
11/19/99
Sold
$240,000
04/30/98
Sold
$140,000
Condition Rating
Fair

The property was built in 1987, making it 37 years old. The exterior images show a dated appearance with minimal landscaping and older windows, suggesting no significant recent renovations. Crucially, there are no interior images of the kitchen or bathrooms, which are key indicators of condition. Given the age and lack of renovation details, it's highly probable that the interiors, including kitchens and bathrooms, are original or have only received minor, dated updates. The property analysis also highlights 'Potential for Age-Related Capital Expenditures,' indicating major systems are likely nearing the end of their useful life. This aligns with the 'Fair' criteria for properties built 25-40 years ago with no major renovations since construction, where major components are functional but show signs of being outdated and require minor updates or repairs.
Pros & Cons

Pros

High Yield Investment Opportunity: Explicitly stated as a 'high yield' property, making it an attractive investment for generating consistent rental income.
Tenant Paid Utilities: Tenants are responsible for their own water, gas, and electricity bills, significantly reducing the landlord's operating expenses and increasing net cash flow.
Flexible Use (Owner-Occupancy/Investment): The property offers the versatility for either full investment or owner-occupancy, appealing to a broader range of buyers.
Desirable Unit Configuration: Each of the two separate buildings contains a spacious 4-bedroom, 2-bath unit, which is highly attractive to families or multiple roommates, potentially commanding higher rental rates.
Portfolio Purchase Option: Being part of a larger portfolio provides an opportunity for investors to acquire multiple assets simultaneously, potentially streamlining acquisitions and offering economies of scale.

Cons

Potential for Age-Related Capital Expenditures: Built in 1987, the property is 37 years old, suggesting that major systems (e.g., roof, plumbing, electrical) may be original and nearing the end of their useful life, potentially requiring significant future capital investment.
Location-Specific Market Dynamics: The 90003 zip code in Southwest Los Angeles may present specific market challenges related to tenant demographics, rental rate ceilings, and property appreciation compared to other submarkets in Los Angeles.
Undisclosed Property Condition/Amenities: The description lacks details on recent renovations, interior condition, or tenant amenities such as dedicated parking or laundry facilities, which could imply additional investment is needed to optimize rental income and tenant satisfaction.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state