355 N Occidental Boulevard, Los Angeles, California 90026, Los Angeles, 90026 - 1 bed, 1 bath

355 N Occidental Boulevard, Los Angeles, California 90026 home-pic-0
ACTIVE$795,000
355 N Occidental Boulevard, Los Angeles, California 90026
1Bed
1Bath
1,010Sqft
4,977Lot
Year Built
1911
Close
-
List price
$795K
Original List price
$795K
Price/Sqft
$787
HOA
-
Days on market
-
Sold On
-
MLS number
25497185
Home ConditionPoor
Features
Good View: City Lights, Hills, Mountain(s)
Patio
ViewCity Lights,Hills,Mountain(s)

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $795.0K(9th), sqft - 1010(17th), beds - 1(7th), baths - 1(24th).

355 N. Occidental presents a rare investment opportunity in the heart of Historic Filipinotown, just minutes from Silver Lake, Echo Park and Downtown. Built in 1911, this property is on the market for the first time in almost 60 years. Whether you choose to restore the existing home, design and build your dream residence, or take advantage of the RD2 zoning to develop multiple units, the 4,977-square-foot lot offers endless possibilities in one of the city's most sought-after neighborhoods. From the property, enjoy a direct view of the iconic Hollywood sign, adding to the charm and appeal of this unique offering. Bring your contractor and take advantage of this chance to invest in a Los Angeles submarket that's perfectly positioned for continual growth moving forward. Note that the home is currently owner occupied and will only be shown by appointment.

Condition Rating
Poor

The property was built in 1911 and the listing mentions it's on the market for the first time in almost 60 years, suggesting no major renovations in that time. The images show an aged property with deferred maintenance. The kitchen and bathroom are not clearly visible in the provided images, but the overall condition of the property suggests they are likely outdated and in need of substantial repairs. The property requires significant rehabilitation.
Pros & Cons

Pros

Development Potential: RD2 zoning allows for the development of multiple units, presenting a significant opportunity for investors.
Prime Location: Located in the heart of Historic Filipinotown, with close proximity to Silver Lake, Echo Park, and Downtown Los Angeles.
Large Lot Size: The 4,977-square-foot lot provides ample space for various development or renovation options.
Iconic View: Direct view of the Hollywood sign, adding unique charm and desirability to the property.
Appreciation Potential: Located in a submarket that is positioned for continual growth, making it a promising investment.

Cons

Age and Condition: Built in 1911, the property likely requires significant restoration or renovation.
Limited Information: The description lacks details about the current condition of the interior and systems.
Owner Occupied: Showing only by appointment may limit accessibility for potential buyers.

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