3215 Boaz Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
3215 Boaz Street
Los Angeles, California 90011
Property Price
SUMMARY
Analysis of 3215 Boaz Street, Los Angeles, California 90011 is currently available with a list price of $850,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property was built in 1903, making it 121 years old. The provided image reveals severe exterior deterioration, including extensively peeling paint, a visibly old and potentially damaged roof, and a highly cluttered, unkempt yard. While no interior images are available, the extreme neglect of the exterior strongly suggests the interior is also in a state of severe disrepair, likely requiring a complete gut renovation or demolition. Given its age and the visible condition, the structure appears to be beyond economical repair, and its value is primarily based on the land for redevelopment.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Property
The property is a duplex, categorized as 'Residential Income,' offering potential for rental income from two separate units, which is highly desirable in the Los Angeles market.
- Prime Los Angeles Location
Situated in the 'C42 - Downtown L.A.' MLS area, the property benefits from a central and high-demand urban location with strong potential for appreciation and tenant appeal.
- Generous Lot Size
With a lot size of 5599 sqft, the property offers ample outdoor space, potential for expansion (subject to zoning), or additional amenities, which is valuable in a dense urban environment.
CONSRISKS & DEFICIENCIES
- Critical Data Inaccuracy (Square Footage)
The reported square footage of '2 sqft' is a significant data error, making it impossible to accurately assess the property's size and value, and raising concerns about the overall accuracy of the listing information.
- Advanced Age of Property
Built in 1903, the property is over a century old, suggesting a high likelihood of requiring extensive updates to major systems such as plumbing, electrical, roofing, and foundation to meet modern standards.
- Potential for Substantial Renovation Costs
Given its age and the implied lack of recent significant updates (based on historical sale price and current data), buyers should anticipate considerable renovation and modernization expenses, which are currently undefined.
About 3215 Boaz Street
Exceptional opportunity in Los Angeles. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1903
- Lot Size
- 5,599 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Quincy Jones Elementary School
Grades K-5 • 0.4 mi
Nevin Avenue Elementary School
Grades K-5 • 0.4 mi
Wadsworth Avenue Elementary School
Grades K-5 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2 | 1,926 | 3% |
| Lot Size | 5,599 | 5,288 | 72% |
| Price | $850.0K | $710.0K | 79% |
| Price per sq ft | $425.0K | $373 | 97% |
| Built year | 1903 | 1912 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 686 | 232 | 93% |
Pricing History
Listed for Sale
Apr 19, 2024
$850,000
Initial Listing
Sold
Apr 23, 2003
$202,000
Public Record