347 W 46th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath
ACTIVE$699,999
347 W 46th Street, Los Angeles, California 90037
0Bed
0Bath
2Sqft
5,408Lot
Year Built
1957
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$350,000
HOA
-
Days on market
-
Sold On
-
MLS number
DW25051159
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $700.0K(22th), sqft - 2(4th), beds - undefined(50th), baths - undefined(50th).
Investment Opportunity!!!
Price History
Date
Event
Price
04/01/97
Sold
$126,000
12/18/96
Sold
$36,000
Condition Rating
Poor
Built in 1957, this property is 67 years old and shows significant signs of age and deferred maintenance. The exterior photos reveal a dated aesthetic with old paint, security bars, and un-renovated structures. There is no indication of recent major renovations, and the property analysis explicitly states it's 'likely to require substantial renovations, system upgrades (e.g., plumbing, electrical), and deferred maintenance.' While interior photos of the kitchen and bathrooms are not provided, it is highly probable, given the property's age and exterior condition, that these critical areas are severely outdated and would require full replacement, aligning with the need for substantial repairs and rehabilitation.
Pros & Cons
Pros
Prime Los Angeles Location: Situated in Los Angeles, a highly desirable and appreciating real estate market, offering strong long-term investment potential.
Residential Income Property (Duplex): As a duplex, the property offers immediate income potential through multiple units, making it an attractive asset for investors seeking cash flow.
Explicit Investment Opportunity: The listing explicitly markets the property as an 'Investment Opportunity!!!', directly appealing to buyers looking for rental income or value-add projects.
Generous Lot Size: A 5,408 sqft lot provides ample space, potentially allowing for future expansion, landscaping improvements, or the addition of an Accessory Dwelling Unit (ADU), subject to local zoning.
Accessible Price Point for LA Duplex: At $699,999, this property could represent a relatively competitive entry price for a multi-unit property in the Los Angeles market, potentially offering a higher cap rate compared to single-family homes.
Cons
Critical Data Discrepancy (2 sqft): The reported square footage of 2 sqft is highly improbable and suggests a significant data entry error, which critically impacts valuation, financing, and usability and requires immediate verification.
Age of Construction (1957): Built in 1957, the property is an older construction that is likely to require substantial renovations, system upgrades (e.g., plumbing, electrical), and deferred maintenance to meet modern standards and maximize rental income or resale value.
Conflicting On-Market Date: The 'Active' status combined with a future 'on_market_date' of 2025-03-07 creates confusion regarding its immediate availability and could indicate a data error or a pre-listing scenario, impacting buyer certainty.