353 W 77th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$799,000
353 W 77th Street, Los Angeles, California 90003
0Bed
0Bath
2,737Sqft
4,158Lot
Year Built
2001
Close
-
List price
$799K
Original List price
$899K
Price/Sqft
$292
HOA
-
Days on market
-
Sold On
-
MLS number
TR24055055
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $799.0K(57th), sqft - 2737(83th), beds - undefined(50th), baths - undefined(50th).
Great investment opportunity! Two car attached garage with an additional 2-car driveway. Desirable bedroom/bathroom count. Central location and very close to freeways and transportation.
Price History
Date
Event
Price
07/27/10
Sold
$261,500
11/16/01
Sold
$235,000
Condition Rating
Fair
Built in 2001, the property is 23 years old. While the exterior appears well-maintained and the interior spaces (kitchen, bathroom) are clean and functional, their style is notably dated to the early 2000s. The kitchen features light wood cabinets, laminate countertops, and white appliances, while the bathroom has a matching light wood vanity and standard fixtures. These areas are in working order but show signs of being outdated and would benefit from cosmetic updates to meet current market preferences.
Pros & Cons
Pros
Investment Potential: The property is explicitly marketed as a 'Great investment opportunity' and is classified as 'Residential Income' (Duplex), offering potential for dual rental income streams.
Ample Parking: Features a two-car attached garage complemented by an additional two-car driveway, providing significant and desirable parking capacity in Los Angeles.
Strategic Location: Boasts a central location with excellent accessibility, being very close to major freeways and public transportation, enhancing tenant appeal and convenience.
Modern Construction Year: Built in 2001, the property is relatively new compared to much of Los Angeles' housing stock, potentially implying lower immediate maintenance and more modern infrastructure.
Recent Price Reduction: The list price has been reduced by $100,000 from its original $899,000 to $799,000, potentially indicating increased motivation from the seller and a more attractive entry point for buyers.
Cons
Neighborhood Demographics: Located in the 90003 zip code, which is generally perceived as a lower-income area in Los Angeles, potentially impacting rental rates, tenant quality, and long-term appreciation compared to other LA submarkets.
Limited Lot Size: With a lot size of 4,158 sqft for a 2,737 sqft duplex, outdoor space may be minimal, which could be a drawback for tenants seeking yard space or for future expansion possibilities.
Lack of Detailed Unit Information: The property description lacks specific details regarding the bedroom/bathroom count for each individual unit within the duplex, making it challenging to accurately assess individual unit desirability and potential rental income.