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3821 E 5th Street, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath

3821 E 5th Street, Los Angeles, California 90063 home-pic-0
ACTIVE$780,000
3821 E 5th Street, Los Angeles, California 90063
0Bed
0Bath
1,174Sqft
5,818Lot
Year Built
1927
Close
-
List price
$780K
Original List price
$690K
Price/Sqft
$664
HOA
-
Days on market
-
Sold On
-
MLS number
CV24099214
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $780.0K(75th), sqft - 1174(61th), beds - undefined(4th), baths - undefined(4th).

Back on the Market, Recently Renovated, And Ready! Three Units available now in East Los Angeles area, perfect opportunity for a homeowner moving into one and seeking additional rental income from the other 2 units or an investors looking for a profitable rental property. The front and first unit has been recently renovated and completely gutted.. It features, new flooring, fully renovated kitchen and bathroom, new electrical, Plumbing, water heater and will be delivered vacant. - currently The second unit Is attached to the front unit and features an additional 2 bedroom/ 1 bath and is now currently occupied. The Third unit is a detached 2 bedroom/ 2 bath property also currently being occupied with long term tenants. Only front unit is vacant is available for showing. Please show and submit offer subject to inspection of the other two units. Only those that have submitted offers will be able to view back Units. Contact me for rent rolls ++ NOTE++

Price History

Date
Event
Price
07/31/25
$780,000
06/06/24
$690,000
07/31/18
Sold
$482,000
Condition Rating
Fair
This property presents a mixed condition due to its multi-unit nature and varying levels of renovation. While the front unit has been recently and extensively renovated, featuring a modern bathroom with subway tiles, new vanity, fixtures, recessed lighting, new flooring, and updated electrical/plumbing/water heater, the other two occupied units are significantly dated. Images of the occupied units reveal kitchens with older wooden cabinets, tile countertops, and older white appliances, along with bathrooms featuring older vanities, chrome fixtures, and metal-framed shower enclosures. Given the property's 1927 build year and the apparent 20-30+ year old condition of the un-renovated units, the overall property condition is assessed as 'Fair'. This score reflects that while one unit is excellent, the majority of the property (two out of three units) requires substantial updates to meet current quality and aesthetic standards, aligning with the 'Fair' criteria of being aged, functional but outdated, and requiring minor to moderate updates or repairs.
Pros & Cons

Pros

Multi-Unit Income Potential: The property features three distinct units, offering significant rental income potential for investors or an owner-occupant seeking to offset mortgage costs.
Recently Renovated Vacant Unit: The front unit has undergone a complete renovation, including new flooring, kitchen, bathroom, electrical, plumbing, and water heater, and will be delivered vacant, ready for immediate occupancy or market-rate rental.
Extensive Upgrades to Main Unit: The comprehensive renovation of the main unit addresses critical infrastructure components (electrical, plumbing, water heater), significantly reducing immediate capital expenditure for a new owner.
Established Rental Income: Two of the three units are currently occupied by long-term tenants, providing immediate and stable cash flow from the outset.
Generous Lot Size: With a lot size of 5,818 sqft, the property offers ample space, which is valuable for multi-unit properties in urban areas and may present future development opportunities (e.g., ADU potential, subject to zoning).

Cons

Property Type Discrepancy: The listing identifies the property as a 'Single Family Residence' despite explicitly describing it as 'Three Units,' which raises significant concerns regarding zoning compliance, legality of the units, and potential financing challenges.
Restricted Access and Information: Buyers are required to submit an offer before being able to view the two occupied units, and rent rolls are not provided upfront, creating a barrier to thorough due diligence and accurate financial assessment.
Age and Unknown Condition of Occupied Units: Built in 1927, the property is nearly a century old. While one unit is renovated, the condition of the two occupied units and the overall structural integrity of the un-renovated portions remain unknown without inspection, posing potential unforeseen repair and maintenance costs.

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