3322 W 63rd Street, Los Angeles, California 90043, Los Angeles, 90043 - bed, bath
ACTIVE$699,000
3322 W 63rd Street, Los Angeles, California 90043
0Bed
0Bath
1,921Sqft
6,302Lot
Year Built
1951
Close
-
List price
$699K
Original List price
$799K
Price/Sqft
$364
HOA
-
Days on market
-
Sold On
-
MLS number
RS25075171
Home ConditionFair
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $699.0K(38th), sqft - 1921(63th), beds - undefined(50th), baths - undefined(50th).
**Exceptional Multi-Unit Investment Opportunity** This multi-unit property is a fantastic investment, offering the perfect opportunity to live in one unit while generating rental income from the others. The front unit (#3322) is a beautifully remodeled 2-bedroom, 1-bathroom space and is currently vacant, ready for immediate occupancy or leasing. The middle unit (#3324) features 2 bedrooms and 1 bathroom, while the back unit (#3326) offers a 1-bedroom, 1-bathroom layout, providing diverse rental options. Whether you're a seasoned investor looking to expand your portfolio or a homeowner seeking additional income, this property delivers strong potential for cash flow and long-term appreciation. Don't miss out on this prime opportunity—schedule a viewing today!
Nearby schools
2/10
Yes Academy
Public,•K-5•0.2mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.7mi
4/10
Centinela Elementary School
Public,•K-6•1.0mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.0mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.0mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.1mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.1mi
3/10
Windsor Hills Math Science
Public,•K-5•1.7mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.7mi
1/10
Horace Mann Junior High School
Public,•6-8•1.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.8mi
2/10
Audubon Middle School
Public,•6-8•1.9mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.5mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.5mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.0mi
2/10
Inglewood High School
Public,•9-12•2.0mi
2/10
George Washington Preparatory High School
Public,•9-12•3.4mi
9/10
Middle College High School
Public,•9-12•6.1mi
Price History
Date
Event
Price
01/31/18
Sold
$650,000
12/24/15
Sold
$325,000
09/27/02
Sold
$187,000
Condition Rating
Fair
Built in 1951, the property is over 70 years old. While the front unit has been remodeled with new flooring, fresh paint, and basic but clean kitchen and bathroom fixtures, the kitchen lacks appliances and upper cabinets, indicating a budget-friendly update. The exterior and yard appear neglected, and the condition of the other two units is not specified but implied to be older, suggesting potential for further updates or repairs across the property. Major systems are likely aged given the build year.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Multi-Unit Investment: This property is a triplex, offering multiple income streams and the flexibility for an owner to occupy one unit while generating rental income from the others.
Remodeled & Vacant Front Unit: The front unit (#3322) is beautifully remodeled and currently vacant, providing immediate move-in readiness or quick leasing potential without initial renovation delays.
Diverse Unit Mix: With units configured as 2-bedroom, 2-bedroom, and 1-bedroom, the property caters to a variety of tenant needs, enhancing rental appeal and occupancy rates.
Strong Cash Flow Potential: The property is explicitly marketed for its strong potential for cash flow and long-term appreciation, making it attractive to investors.
Recent Price Adjustment: A significant price reduction from $799,000 to $699,000 indicates increased value for buyers and a motivated seller, potentially leading to a quicker transaction.
Cons
Property Age: Built in 1951, the property is over 70 years old, which may lead to higher maintenance costs and potential needs for significant capital expenditures on older systems (e.g., plumbing, electrical, roof).
Low-Rated Local Schools: Many of the public schools in the immediate vicinity have low ratings, which could be a deterrent for families with school-aged children and potentially impact long-term desirability.
Limited Renovation Details: While the front unit is remodeled, the description lacks specific details on the condition or renovation status of the middle and back units, suggesting potential for unknown future renovation or repair costs.