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3877 Denker Avenue, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath

3877 Denker Avenue, Los Angeles, California 90062 home-pic-0
ACTIVE$1,200,000
3877 Denker Avenue, Los Angeles, California 90062
0Bed
0Bath
3,770Sqft
5,466Lot
Year Built
1912
Close
-
List price
$1.2M
Original List price
$1.27M
Price/Sqft
$318
HOA
-
Days on market
-
Sold On
-
MLS number
SR24237063
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.20M(72th), sqft - 3770(94th), beds - undefined(50th), baths - undefined(50th).

DREAM INVESTMENT OPPORTUNITY ADJACENT TO USC This stunningly rehabbed fourplex offers 3,770 sq. ft. of modern living space, with soaring high ceilings that create a chic, loft-like vibe in every unit. Located just minutes from USC, this property is perfectly positioned for easy access to schools, transportation, shopping, and freeways. Breakdown of Units: 2 x 3 bed / 2 bath (downstairs) 1 x 1 bed / 2 bath (upstairs) 1 x 1 bed / 1 bath (upstairs) A prime investment or owner-occupy opportunity in a fantastic location. ?All units are fully occupied, generating a gross income of $8,000 monthly. Located on a gated 40 x 136 lot, this property offers privacy and convenience, with alley access and gated rear parking. Key Features: 4 Separate Gas & Electric Meters. Perfect for Owner-Occupants & Investors, VA & FHA Financing Welcomed. This is your chance to secure a property that offers steady income or become a homeowner while generating rental income. ? ?Contact us today to schedule a viewing. Don’t miss out on this incredible opportunity!? ? ?

Price History

Date
Event
Price
10/01/13
Sold
$400,000
01/10/06
Sold
$2,000
12/03/01
Sold
$158,000
07/11/00
Sold
$125,000
Condition Rating
Good
Despite being built in 1912, the property is described as 'stunningly rehabbed' and appears move-in ready. The kitchen features updated light wood cabinets and speckled countertops, though the appliances are basic black and the flooring is standard ceramic tile. The living areas have decent flooring, but the presence of a window AC unit suggests a lack of central air conditioning, preventing an 'excellent' rating. While the renovation provides a functional and clean living space, it's not a high-end, luxury update, aligning with a 'good' condition where systems are well-maintained and some components are updated, but not a full recent renovation.
Pros & Cons

Pros

Strategic Location: Adjacent to USC, ensuring high rental demand from students and university staff, with excellent access to transportation, shopping, and freeways.
Immediate Income Generation: Fully occupied fourplex generating a substantial gross monthly income of $8,000, providing instant cash flow for investors.
Recent Rehabilitation: The property has been 'stunningly rehabbed' offering modern living spaces with high ceilings, reducing immediate capital expenditure for the new owner.
Independent Utilities: Features four separate gas and electric meters, simplifying tenant billing and significantly reducing landlord-borne utility costs.
Flexible Investment Opportunity: Suitable for both owner-occupants seeking rental income and pure investors, with VA & FHA financing welcomed, broadening the buyer pool.

Cons

Historic Property Age: Built in 1912, the property's underlying infrastructure, despite rehabilitation, may present unforeseen maintenance challenges typical of older buildings.
Potential for High Tenant Turnover: Proximity to USC suggests a tenant demographic prone to higher turnover, potentially increasing vacancy periods and re-leasing expenses.
Undisclosed Modern Amenities: While rehabbed, the description lacks specific details on modern amenities such as central air conditioning or in-unit laundry, which could be a competitive factor for attracting and retaining tenants.

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