320 35, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$1,169,000$2,600/sqft
320 35, Los Angeles, California 90011
0Bed
0Bath
2,600Sqft
4,996Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Value-Add Potential: Permits are ready to convert the back unit into two additional units (4 beds, 2 baths), offering a clear path to substantial income growth and property appreciation for an investor.
Top Cons:
Advanced Age of Original Structure: Built in 1902, the property's core structure is very old, potentially leading to higher maintenance costs, outdated systems (plumbing, electrical), or unexpected repair needs in non-renovated sections.
Compared to the nearby listings
Price:$1.17M vs avg $699.0K (+$470,000)90%
Size:2,600 sqft vs avg 2,076 sqft90%
Price/sqft:$450 vs avg $34079%
More Insights
Built in 1902 (124 years old).
Condition: While the property was originally built in 1902, the listing explicitly states that two front units are 'likely newbuild- BrandNew,' which is strongly supported by the provided images showcasing modern grey laminate flooring, fresh white paint, new doors, and updated exterior finishes. These renovations suggest that the kitchens and bathrooms in these units are also new or extensively updated, making them move-in ready. However, the overall property cannot be rated 'Excellent' due to the advanced age of the original 1902 structure and the fact that the back unit is pending conversion, implying it is not yet renovated. The 'Good' rating reflects the significant recent renovations to a majority of the living spaces, providing a modern and well-maintained condition for those units, while acknowledging the older underlying structure and unrenovated portions.
Year Built
1902
Close
-
List price
$1.17M
Original List price
$1.3M
Price/Sqft
$450
HOA
-
Days on market
-
Sold On
-
MLS number
PW24226487
Home ConditionGood
Features
View-
About this home
Welcome to a Gem 3 Unit in Los Angeles very close to US. 2 Front Units are likely newbuild- BrandNew, Upstairs Unit has 3 bedrooms 2 bathrooms Downstairs Unit has 3 bedrooms 1 bathroom. PERMITS for Back unit IS READY to CONVERT into 2 MORE UNITS total of 4 beds 2 baths That is a value adding right there. Please DRIVE BY ONLY, DO NOT DISTURB OCCUPANTS. Do not miss this opportunity to own it.
T
Truc Doan
Listing Agent
Condition Rating
Good
While the property was originally built in 1902, the listing explicitly states that two front units are 'likely newbuild- BrandNew,' which is strongly supported by the provided images showcasing modern grey laminate flooring, fresh white paint, new doors, and updated exterior finishes. These renovations suggest that the kitchens and bathrooms in these units are also new or extensively updated, making them move-in ready. However, the overall property cannot be rated 'Excellent' due to the advanced age of the original 1902 structure and the fact that the back unit is pending conversion, implying it is not yet renovated. The 'Good' rating reflects the significant recent renovations to a majority of the living spaces, providing a modern and well-maintained condition for those units, while acknowledging the older underlying structure and unrenovated portions.
Pros & Cons
Pros
Significant Value-Add Potential: Permits are ready to convert the back unit into two additional units (4 beds, 2 baths), offering a clear path to substantial income growth and property appreciation for an investor.
Immediate Income Generation: As an existing triplex, the property provides immediate rental income, making it an attractive asset for investors seeking cash flow.
New/Modernized Units: Two front units are described as 'likely newbuild- BrandNew,' suggesting modern amenities, reduced immediate maintenance, and enhanced rental appeal for those units.
Prime Los Angeles Location: Situated in Los Angeles (90011), a high-demand rental market, the property benefits from strong tenant demand and potential for long-term appreciation.
Diverse Unit Configuration: The current 3-bedroom units (3/2 and 3/1) cater to various tenant needs, and the planned conversion further diversifies the property's rental portfolio.
Cons
Advanced Age of Original Structure: Built in 1902, the property's core structure is very old, potentially leading to higher maintenance costs, outdated systems (plumbing, electrical), or unexpected repair needs in non-renovated sections.
Occupant Disturbance & Access Restrictions: The 'DO NOT DISTURB OCCUPANTS' and 'DRIVE BY ONLY' directives severely limit a buyer's ability to conduct thorough due diligence, view interiors, or assess current tenant conditions, creating uncertainty.
Price Reduction & Market Time: The significant price reduction from $1.299M to $1.169M, combined with being on the market since November 2024, suggests potential challenges in valuation or market appeal at the initial price point.