3339 Jeffries Avenue, Los Angeles, California 90065, Los Angeles, 90065 - bed, bath
ACTIVE$999,000
3339 Jeffries Avenue, Los Angeles, California 90065
0Bed
0Bath
3,560Sqft
7,091Lot
Year Built
1908
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$281
HOA
-
Days on market
-
Sold On
-
MLS number
GD25099934
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $999.0K(50th), sqft - 3560(75th), beds - undefined(50th), baths - undefined(50th).
This 3 unit complex located in the commuter-friendly area of Cypress Park and is bordered by Highland Park, Glassell Park, Silver Lake and Mt. Washington. The property is located near many locally owned eateries and shopping boutiques. This 2 building, 3 unit complex has tremendous upside and offers plenty of income growth. All units will be delivered tenant occupied.
Nearby schools
4/10
Loreto Street Elementary School
Public,•K-5•0.2mi
2/10
Hillside Elementary School
Public,•K-5•0.5mi
2/10
Aragon Avenue Elementary School
Public,•K-5•0.5mi
7/10
Dorris Place Elementary School
Public,•K-6•1.0mi
3/10
Albion Street Elementary School
Public,•K-6•1.3mi
4/10
Glassell Park Elementary School
Public,•K-6•1.4mi
5/10
Florence Nightingale Middle School
Public,•6-8•0.2mi
6/10
Irving STEAM Magnet
Public,•6-8•2.3mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•1.4mi
Condition Rating
Fair
Built in 1908, this property shows its age. The kitchen features very dated cabinets, laminate countertops, older white appliances, and linoleum flooring, indicating no significant renovation in several decades. Similarly, the bathroom exhibits an older vanity, basic fixtures, and dated tiling. While the property appears functional and is tenant-occupied, suggesting basic maintenance, it requires substantial aesthetic and system updates to meet current quality standards. There are no visible signs of major structural defects, but the overall condition aligns with a property that is aged but maintained, with major components being functional but outdated.
Pros & Cons
Pros
Multi-Unit Income Property: This triplex offers significant rental income potential and is described as having 'tremendous upside and offers plenty of income growth,' making it an attractive investment.
Prime Location: Located in the commuter-friendly Cypress Park area, bordered by highly desirable neighborhoods such as Highland Park, Glassell Park, Silver Lake, and Mt. Washington, enhancing its appeal and potential for appreciation.
Immediate Rental Income: All units will be delivered tenant occupied, ensuring immediate cash flow for the new owner without the need to find new tenants.
Neighborhood Amenities: The property is conveniently located near many locally owned eateries and shopping boutiques, adding to the lifestyle appeal for residents.
Good School Access: Proximity to highly-rated schools, including Florence Nightingale Middle School (5 rating, 0.15 miles) and Loreto Street Elementary School (4 rating, 0.24 miles), is a strong draw for families.
Cons
Advanced Age of Property: Built in 1908, the property is over a century old, which likely implies a need for significant maintenance, updated systems, and potential structural considerations.
No View: The property explicitly states 'view: None,' which can be a disadvantage in a Los Angeles market where views often command a premium and are sought after by buyers.
Tenant Occupancy Constraints: While providing immediate income, existing tenant occupancy may limit a new owner's flexibility for immediate owner-occupancy, extensive renovations, or aggressive rent adjustments due to tenant protection laws in Los Angeles.