400 E 107th Street, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 2 bath
ACTIVE$595,000
400 E 107th Street, Los Angeles, California 90003
3Beds
2Baths
1,242Sqft
4,467Lot
Price Vs. Estimate
The estimated value ($595,000) is $0 (0%) lower than the list price ($595,000). This property may be overpriced.
Key pros and cons
Top Pros:
Immediate Rental Income: The property includes a tenant-occupied main home and an attached apartment, providing instant cash flow for investors from day one.
Top Cons:
Unpermitted Unit Risk: The attached 1-bedroom apartment is unpermitted, posing potential legal, financial, and compliance challenges that a buyer would need to address.
Compared to the nearby listings
Price:$595.0K vs avg $595.0K (+$0)50%
Size:1,242 sqft vs avg 1,100 sqft61%
Price/sqft:$479 vs avg $50433%
More Insights
Built in 1928 (97 years old).
Condition: Built in 1928, this property has received some updates like a 'newer roof' and 'laminate flooring throughout,' which helps its condition. The visible bathroom appears functional with tiled floors and a basic vanity, but its style is dated, not modern. The absence of kitchen photos is a significant concern, often indicating an older, un-renovated kitchen. While described as 'well-maintained,' the overall age and limited, non-modern updates suggest it's functional but requires minor updates to meet current aesthetic and quality standards, aligning with a 'fair' condition.
Year Built
1928
Close
-
List price
$595K
Original List price
$625K
Price/Sqft
$479
HOA
-
Days on market
-
Sold On
-
MLS number
25581947
Home ConditionFair
Features
View
About this home
Welcome to this well-maintained corner property offering excellent potential for both homeowners and investors. This residence features a 3-bedroom, 2-bathroom main home along with an attached unpermitted 1-bedroom apartment, and detached two car garage, providing flexibility for extended family living or additional rental income. Both units are currently tenant-occupied, making this a fantastic investment opportunity with income in place from day one. The home has been thoughtfully cared for, featuring a newer roof and laminate flooring throughout. Conveniently located near the local elementary school, this property combines comfort, functionality, and strong long-term value. Don't miss the chance to own this versatile Los Angeles property with great upside potential.
Price History
Date
Event
Price
01/04/19
Sold
$400,000
07/19/16
Sold
$349,000
03/07/14
Sold
$250,002
10/25/13
Sold
$168,500
Condition Rating
Fair
Built in 1928, this property has received some updates like a 'newer roof' and 'laminate flooring throughout,' which helps its condition. The visible bathroom appears functional with tiled floors and a basic vanity, but its style is dated, not modern. The absence of kitchen photos is a significant concern, often indicating an older, un-renovated kitchen. While described as 'well-maintained,' the overall age and limited, non-modern updates suggest it's functional but requires minor updates to meet current aesthetic and quality standards, aligning with a 'fair' condition.
Pros & Cons
Pros
Immediate Rental Income: The property includes a tenant-occupied main home and an attached apartment, providing instant cash flow for investors from day one.
Multi-Generational/Flexible Living: The main 3-bedroom, 2-bathroom home combined with an attached 1-bedroom apartment offers versatile options for extended family living or additional income streams.
Recent Key Upgrades: Features a newer roof and laminate flooring throughout, indicating thoughtful care and reducing immediate capital expenditure for a new owner.
Corner Lot Advantage: Positioned as a well-maintained corner property, potentially offering enhanced privacy, natural light, and curb appeal.
Family-Friendly Location: Conveniently located near a local elementary school, which is a strong selling point for families with children.
Cons
Unpermitted Unit Risk: The attached 1-bedroom apartment is unpermitted, posing potential legal, financial, and compliance challenges that a buyer would need to address.
Property Age: Built in 1928, the home is nearly a century old, which may imply older infrastructure (e.g., plumbing, electrical) that could require significant future investment despite recent cosmetic updates.
Recent Price Reduction: A recent price drop from $625,000 to $595,000 could suggest initial overpricing or a struggle to attract buyers, potentially indicating market resistance or perceived value concerns.