401 E 46th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$730,000
401 E 46th Street, Los Angeles, California 90011
0Bed
0Bath
1,955Sqft
6,258Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential: The property is a triplex with a newly built 2023 ADU, effectively offering four distinct rental units (two 2-bed/1-bath, one 1-bed/1-bath ADU, and an additional unit implied by the description of the main duplex having two units with separate addresses), providing significant income generation and diversification.
Top Cons:
Age of Main Structures: The main duplex was built in 1915, suggesting potential for outdated systems (plumbing, electrical), higher maintenance costs, and less modern aesthetics compared to newer constructions.
Compared to the nearby listings
Price:$730.0K vs avg $672.0K (+$58,000)65%
Size:1,955 sqft vs avg 1,991.5 sqft50%
Price/sqft:$373 vs avg $34562%
More Insights
Built in 1915 (110 years old).
Condition: The property is a triplex with a newly built (2023) ADU that is in excellent, modern condition. However, the main duplex units, built in 1915, show severely outdated kitchens and bathrooms with old cabinetry, appliances, and fixtures, suggesting renovations from 30-50+ years ago. These primary units require substantial repairs and rehabilitation to meet current living standards, significantly pulling down the overall condition score despite the new ADU.
Year Built
1915
Close
-
List price
$730K
Original List price
$775K
Price/Sqft
$373
HOA
-
Days on market
-
Sold On
-
MLS number
SR25006807
Home ConditionPoor
Features
Patio
View-
About this home
Great opportunity for a great income producing Triplex property! Brand new Private Adu that was built in 2023 is a 1 bed/ 1 bath (4468 San Pedro St). The main duplex property both units each have a 2 bed/1 bath each with its own address, 401 E 46th St. and 4470 San Pedro St. Convenient access to key freeways including I-10, I-110, and I-5, as well as public transportation. Don’t miss your chance to own this exceptional investment property! major price improvement... property to be sold with tenants in place
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
Poor
The property is a triplex with a newly built (2023) ADU that is in excellent, modern condition. However, the main duplex units, built in 1915, show severely outdated kitchens and bathrooms with old cabinetry, appliances, and fixtures, suggesting renovations from 30-50+ years ago. These primary units require substantial repairs and rehabilitation to meet current living standards, significantly pulling down the overall condition score despite the new ADU.
Pros & Cons
Pros
High Income Potential: The property is a triplex with a newly built 2023 ADU, effectively offering four distinct rental units (two 2-bed/1-bath, one 1-bed/1-bath ADU, and an additional unit implied by the description of the main duplex having two units with separate addresses), providing significant income generation and diversification.
New Construction ADU: The inclusion of a brand new 2023-built 1 bed/1 bath ADU adds modern living space and immediate rental income, enhancing the property's value and appeal without typical renovation costs.
Strategic Location & Accessibility: Offers convenient access to major freeways (I-10, I-110, I-5) and public transportation, which is highly desirable for tenants and enhances the property's long-term appeal.
Recent Price Reduction: A significant price improvement from $775,000 to $730,000 makes the property more competitive and attractive to potential buyers in the current market.
Investment Focus: Explicitly marketed as an 'exceptional investment property' and 'income producing,' directly appealing to investors seeking rental income and portfolio growth.
Cons
Age of Main Structures: The main duplex was built in 1915, suggesting potential for outdated systems (plumbing, electrical), higher maintenance costs, and less modern aesthetics compared to newer constructions.
Tenants in Place: Being sold with tenants in place can limit immediate owner-occupancy options, complicate property showings, and potentially restrict renovation plans until leases expire or agreements are reached.
Mixed School Ratings: While some schools have good ratings, several nearby public schools have lower ratings (2-3 out of 5), which could be a concern for prospective tenants or future buyers with families prioritizing highly-rated educational institutions.