4056 Creed, Los Angeles, California 90008, Los Angeles, 90008 - bed, bath
ACTIVE$925,000
4056 Creed, Los Angeles, California 90008
0Bed
0Bath
2,376Sqft
3,859Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a well-maintained duplex offering two spacious 2-bedroom, 1-bathroom units, providing immediate rental income or an owner-occupy opportunity in a desirable area.
Top Cons:
Age of Property: Built in 1939, the property is over 80 years old, which may imply potential for aging infrastructure (e.g., plumbing, electrical, roof) that could require future maintenance or upgrades not explicitly mentioned.
Compared to the nearby listings
Price:$925.0K vs avg $950.0K ($-25,000)33%
Size:2,376 sqft vs avg 2,063 sqft67%
Price/sqft:$389 vs avg $46033%
More Insights
Built in 1939 (86 years old).
Condition: The property, built in 1939, is described as well-maintained, and some areas like the dining room show modern updates (e.g., light fixture, decent hardwood floors). However, the kitchen and bathroom are significantly dated in style and features, with older tiled countertops, cabinets, and fixtures, indicating they have not been extensively renovated in many decades. While functional, these key areas require substantial updates to meet current quality standards, aligning with the 'Fair' condition criteria for an aged home that has been maintained but not modernized.
Year Built
1939
Close
-
List price
$925K
Original List price
$975K
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
CV25260583
Home ConditionFair
Features
View-
About this home
Welcome to 4056 Creed Avenue, a well maintained duplex in the heart of Leimert Park offering two spacious 2 bedroom 1 bathroom units. Both units feature comfortable living rooms, separate dining areas, and in-unit laundry hookups, making them ideal for everyday living. The interiors are in good condition and feel warm and inviting. The property includes a three car garage that may offer a strong opportunity for an ADU addition with the right plans and permits. The location is one of the highlights, set on a quiet tree lined street with easy access to neighborhood cafés, parks, and other local markets. Whether you are looking to live in one unit and rent the other or add a reliable investment to your portfolio, 4056 Creed Avenue presents a great opportunity in one of Los Angeles’ most desirable neighborhoods.
Nearby schools
2/10
Forty-Second Street Elementary School
Public,•K-5•0.3mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•0.3mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.1mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•1.2mi
2/10
Coliseum Street Elementary School
Public,•K-5•1.2mi
3/10
Hillcrest Drive Elementary School
Public,•K-5•1.3mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.6mi
2/10
Audubon Middle School
Public,•6-8•0.3mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.2mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.9mi
5/10
Foshay Learning Center
Public,•K-12•1.2mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•1.5mi
Price History
Date
Event
Price
10/03/00
Sold
$267,000
Condition Rating
Fair
The property, built in 1939, is described as well-maintained, and some areas like the dining room show modern updates (e.g., light fixture, decent hardwood floors). However, the kitchen and bathroom are significantly dated in style and features, with older tiled countertops, cabinets, and fixtures, indicating they have not been extensively renovated in many decades. While functional, these key areas require substantial updates to meet current quality standards, aligning with the 'Fair' condition criteria for an aged home that has been maintained but not modernized.
Pros & Cons
Pros
Income-Generating Duplex: The property is a well-maintained duplex offering two spacious 2-bedroom, 1-bathroom units, providing immediate rental income or an owner-occupy opportunity in a desirable area.
Prime Leimert Park Location: Situated on a quiet, tree-lined street in the heart of Leimert Park, offering easy access to neighborhood cafés, parks, and local markets, enhancing its appeal to tenants and residents.
ADU Potential: The three-car garage presents a strong opportunity for an Accessory Dwelling Unit (ADU) addition, which could significantly increase property value and potential rental income with the right plans and permits.
Well-Maintained Interiors: Both units are described as being in good condition with warm and inviting interiors, suggesting minimal immediate renovation costs for a new owner or tenant.
Desirable Unit Features: Each unit includes comfortable living rooms, separate dining areas, and in-unit laundry hookups, which are highly attractive features for modern renters.
Cons
Age of Property: Built in 1939, the property is over 80 years old, which may imply potential for aging infrastructure (e.g., plumbing, electrical, roof) that could require future maintenance or upgrades not explicitly mentioned.
Recent Price Reduction: The property recently experienced a price reduction from $975,000 to $925,000, which could indicate initial overpricing or a longer time on market, potentially signaling buyer resistance at the previous price point.
Lack of Specific System Updates: While interiors are well-maintained, the description does not specify recent major system upgrades (e.g., HVAC, electrical panel, roof replacement), which could be a concern for an older property and lead to unforeseen expenses.