343 E 119th Street, Los Angeles, California 90061, Los Angeles, 90061 - 2 bed, 1 bath
343 E 119th Street
Los Angeles, California 90061
Property Price
SUMMARY
Analysis of 343 E 119th Street, Los Angeles, California 90061 is currently available with a list price of $650,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1924, this property is nearly a century old, suggesting underlying outdated systems and potential deferred maintenance despite recent cosmetic updates. The front unit features a modern kitchen with white shaker cabinets and updated countertops, along with a renovated bathroom with contemporary tiling and vanity. Flooring throughout both units appears to be recently updated LVP or tile. However, the exterior shows significant wear and tear, and the rear unit includes a very basic kitchenette and one extremely rudimentary bathroom. While the interior cosmetic updates are good, the property's age and likely original major systems (HVAC, electrical, plumbing) would require further assessment and potential significant investment, aligning with the 'Fair' category.
PROSSTRENGTHS & OPPORTUNITIES
- Multiple Structures & Versatile Use
The property features multiple structures on one lot, including a front home with a bonus room and a separate rear living unit, offering exceptional flexibility for multi-generational living, guest quarters, home office, or potential rental income.
- Investment & Income Potential
Explicitly highlighted as an 'excellent opportunity for investors or owner-users seeking upside,' the multi-unit configuration provides strong potential for rental income or future value appreciation.
- High-Demand Los Angeles Location
Situated in Los Angeles, a consistently high-demand real estate market, which contributes to the property's long-term value and desirability.
CONSRISKS & DEFICIENCIES
- Advanced Age of Property
Built in 1924, the property is nearly a century old, suggesting potential for outdated systems, deferred maintenance, and the need for significant modernization and capital investment.
- Data Discrepancies (Lot Size & Sqft)
The listed 'lot_size' of 936 sqft appears inconsistent with the description of a 'generous lot with yard space and multiple structures.' Additionally, the 'sqft' of 1 is a clear data error, making it impossible to accurately assess the property's true living space.
- Lack of Special Views
The property explicitly states 'view: None,' indicating it does not offer any scenic or desirable vistas, which could be a drawback for buyers prioritizing views.
About 343 E 119th Street
This Los Angeles property offers versatile living space with MULTIPLE structures on one lot. The FRONT home features a 2BR/1BA layout along with a BONUS room providing flexible use.A separate rear living structure provides additional space with its own bedroom and bathroom configuration, offering potential use for extended family, guest quarters, or a home office.The property sits on a generous lot with yard space and presents an excellent opportunity for investors or owner-users seeking upside in a high-demand area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 936 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.5 | 50% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 1 | 1,124.5 | 4% |
| Lot Size | 936 | 5,522 | 4% |
| Price | $650.0K | $652.0K | 50% |
| Price per sq ft | $650.0K | $572 | 96% |
| Built year | 1924 | 1948 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 136 | 156 | 42% |
Pricing History
Listed for Sale
Oct 21, 2025
$650,000
Initial Listing
Sold
Dec 11, 2017
$390,000
Public Record
Sold
Jun 2, 2017
$277,000
Public Record
Sold
Jan 28, 2005
$225,000
Public Record