344 E 81st Street, Los Angeles, California 90003, Los Angeles, 90003 - 4 bed, 3 bath
ACTIVE$799,000
344 E 81st Street, Los Angeles, California 90003
4Beds
3Baths
1,488Sqft
5,219Lot
Year Built
1964
Close
-
List price
$799K
Original List price
$825K
Price/Sqft
$537
HOA
-
Days on market
-
Sold On
-
MLS number
OC25041200
Home ConditionGood
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $799.0K(57th), sqft - 1488(31th), beds - 4(76th), baths - 3(81th).
Please do not disturb tenants. 344-342 E 81st St Duplex with three separate buildings including the single car garage. The front unit is a 2 bedroom 1 - 1/2 bath home. The Second unit is a 2 bedroom 1 bath home. The one car garage sits in the back of the lot. The property has an entrance on 81st street in the form of a long drive way that runs to the garage in the rear. There is also access from the back alley. The driveway can hold 3+ cars and the rear yard can hold 2+ cars. Both units are rented and financials will be provided upon submittal and acceptance of an offer. Submit offer contingent on inspection.
Price History
Date
Event
Price
09/02/25
Price Change
$799,000
02/24/25
Listing
$825,000
10/17/18
Sold
$375,000
Condition Rating
Good
The property, built in 1964, has undergone significant and recent interior renovations. The kitchen features modern white shaker-style cabinets, granite-like countertops, and stainless steel appliances, indicating a substantial update. Bathrooms are also updated with modern tiling and appear clean. New-looking laminate/LVP flooring, fresh paint, and recessed lighting are visible throughout the living areas, suggesting a comprehensive interior refresh. While the visible components are in excellent, move-in ready condition, the overall age of the structure (1964) and the lack of information on major systems (HVAC, plumbing, electrical behind walls) prevent an 'Excellent' rating, as we cannot confirm 'all components are new or virtually new'. However, it clearly meets the criteria for 'Good' as it is extensively renovated within what appears to be the last 5-15 years, with minimal wear and tear on visible elements.
Pros & Cons
Pros
Immediate Income Generation: This property is a fully rented duplex, offering immediate rental income and a strong investment opportunity for a buyer.
Versatile Property Configuration: Comprising two distinct residential units (2 bed/1.5 bath and 2 bed/1 bath) plus a separate single-car garage, it provides flexible living arrangements or investment strategies.
Ample Parking & Access: Features a long driveway accommodating 3+ cars, additional rear yard parking for 2+ cars, and convenient alley access, a significant advantage in urban Los Angeles.
Recent Price Adjustment: The list price has been reduced from $825,000 to $799,000, potentially indicating a motivated seller and a more attractive entry point for buyers.
Multiple Structures on Lot: The presence of three separate buildings (two residential units and a single-car garage) enhances privacy and potential utility for tenants or future development.
Cons
Tenant Occupied & Limited Access: The property is tenant-occupied with 'do not disturb' instructions and financials provided only upon offer acceptance, complicating initial due diligence and showings.
Property Age & Potential for Updates: Built in 1964, the property may require significant updates to systems (e.g., plumbing, electrical) and aesthetics to meet modern standards or maximize rental income.
Condition Uncertainty: The sale is contingent on inspection, placing the onus on the buyer to thoroughly investigate the property's current condition and potential repair costs without prior detailed disclosures.