401 E 46th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$755,000$1,460/sqft
401 E 46th Street, Los Angeles, California 90011
0Bed
0Bath
1,460Sqft
6,258Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: As a triplex with a newly built ADU, the property offers diversified rental income streams, making it an attractive investment in a high-demand market.
Top Cons:
Historic Construction (1915): Built in 1915, the property may have aging infrastructure (e.g., plumbing, electrical, foundation) that could lead to higher maintenance costs or require significant capital expenditures in the future, despite being well-maintained.
Compared to the nearby listings
Price:$755.0K vs avg $699.0K (+$56,000)59%
Size:1,460 sqft vs avg 2,076 sqft17%
Price/sqft:$517 vs avg $34086%
More Insights
Built in 1915 (111 years old).
Condition: The property includes a newly built ADU, which significantly boosts its overall condition to excellent for that unit. The other two units, while built in 1915, are described as 'well maintained.' This suggests they are functional and habitable, likely having undergone updates within the last 15-30 years to keep them in move-in ready condition, even if their style and features might be dated. The exterior images show an older property with some cosmetic wear (e.g., rusty fences, overgrown areas), but the main structures appear sound. Averaging a newly built unit with two well-maintained older units places the overall property condition in the 'Good' category, indicating it is move-in ready with no immediate major renovations required, though the older units may benefit from aesthetic updates.
Year Built
1915
Close
-
List price
$755K
Original List price
$765K
Price/Sqft
$517
HOA
-
Days on market
-
Sold On
-
MLS number
DW25156040
Home ConditionGood
Features
View-
About this home
WELCOME TO THIS WELL MAINTAINED THREE UNIT COMPLEX WISH CONSIST OF A NEWLY BULID ADU ONE BEDROOM 1 BATHROOM AND THE OTHER TWO UNITS CONSIST OF TWO BEDROOMS AND ONE BATHROOM EACH.
A
Alejandro Soto
Listing Agent
Nearby schools
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.5mi
2/10
Main Street Elementary School
Public,•K-5•0.6mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.6mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.7mi
2/10
Harmony Elementary School
Public,•K-5•0.7mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.7mi
5/10
Estrella Elementary School
Public,•K-5•0.8mi
2/10
Aurora Elementary School
Public,•K-5•0.8mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.1mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.1mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.3mi
3/10
George Washington Carver Middle School
Public,•6-8•0.5mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.8mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.2mi
2/10
John Muir Middle School
Public,•6-8•1.6mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.2mi
3/10
Manual Arts Senior High School
Public,•9-12•1.3mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.5mi
5/10
Santee Education Complex
Public,•9-12•1.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.2mi
Price History
Date
Event
Price
06/18/14
Sold
$325,000
10/11/13
Sold
$245,000
Condition Rating
Good
The property includes a newly built ADU, which significantly boosts its overall condition to excellent for that unit. The other two units, while built in 1915, are described as 'well maintained.' This suggests they are functional and habitable, likely having undergone updates within the last 15-30 years to keep them in move-in ready condition, even if their style and features might be dated. The exterior images show an older property with some cosmetic wear (e.g., rusty fences, overgrown areas), but the main structures appear sound. Averaging a newly built unit with two well-maintained older units places the overall property condition in the 'Good' category, indicating it is move-in ready with no immediate major renovations required, though the older units may benefit from aesthetic updates.
Pros & Cons
Pros
Multi-Unit Income Potential: As a triplex with a newly built ADU, the property offers diversified rental income streams, making it an attractive investment in a high-demand market.
Newly Constructed ADU: The presence of a newly built ADU adds significant value, modern appeal, and potential for higher rental income, while also reducing immediate maintenance concerns for that unit.
Well-Maintained Condition: The property is described as 'well maintained,' suggesting it is in good condition and may require fewer immediate repairs or renovations for a new owner.
Desirable Los Angeles Location: Located in Los Angeles (90011), the property benefits from a robust rental market with consistent demand and strong long-term appreciation potential.
Proximity to Schools: The property is situated near several public schools, including highly-rated elementary schools (e.g., Estrella Elementary, West Vernon Avenue Elementary with rating 5), which can attract families.
Cons
Historic Construction (1915): Built in 1915, the property may have aging infrastructure (e.g., plumbing, electrical, foundation) that could lead to higher maintenance costs or require significant capital expenditures in the future, despite being well-maintained.
Recent Price Reduction: A recent price drop from $765,000 to $755,000 could indicate a lack of buyer interest at the initial price point or suggest the property may be perceived as overpriced by the market.
Potentially Small Unit Sizes: With 1460 sqft distributed among three units (one 1-bed ADU and two 2-bed units), individual unit sizes are likely compact, which might limit the tenant pool or rental income potential compared to properties with larger units.