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4118 -4116 Blanchard Street, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath

4118 -4116 Blanchard Street, Los Angeles, California 90063 home-pic-0
ACTIVE$749,000
4118 -4116 Blanchard Street, Los Angeles, California 90063
0Bed
0Bath
1,516Sqft
5,178Lot
Year Built
1940
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$494
HOA
-
Days on market
-
Sold On
-
MLS number
GD24208411
Home ConditionFair
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $749.0K(48th), sqft - 1516(28th), beds - undefined(50th), baths - undefined(50th).

Amazing these 2 units, the address in front is 4118 Blanchard Street, which was built before the 4116 Blanchard Street located in rear. It consists of 2 bedrooms and 1 bath each, current owner has an approval from City plan and permit downstairs of unit 4116 Blanchard Street. All conveniently in transportations and local business closed by also easy access to FWY. Great tenants with proof of paying rent on time for the last 2-3 years. Very well-kept property. Every tenant respects the rules and peaceful environment. Owner will deliver property with tenants on premises. These 2 units are considered an excellent investment, with proof from The City of Los Angeles.

Condition Rating
Fair
The property was built in 1940, making it over 80 years old. While the listing describes it as 'very well-kept' and 'well-maintained,' and the exterior images show a functional but dated appearance, there are no interior images available to assess the condition of the kitchen, bathrooms, appliances, flooring, or fixtures. Given its age, it's highly probable that major components are functional but outdated, requiring minor updates to meet current standards. The lack of recent renovation details, coupled with the 'Property Age' being listed as a weakness, places it in the 'Fair' category, indicating it's maintained but likely needs aesthetic and system updates.
Pros & Cons

Pros

Established Rental Income & Quality Tenants: The property boasts great tenants with a proven track record of on-time rent payments for 2-3 years, ensuring immediate and stable income for the new owner. Tenants are described as respectful and contributing to a peaceful environment.
Value-Add Potential with Approved Plans: The current owner has secured City plan and permit approval for the downstairs of unit 4116 Blanchard Street, offering a clear opportunity for expansion, conversion, or additional income generation.
Prime Location & Accessibility: Conveniently located in Los Angeles with easy access to transportation, local businesses, and major freeways, enhancing its appeal to tenants and potential for appreciation.
Well-Maintained Property: Described as a 'very well-kept property,' suggesting a lower likelihood of immediate deferred maintenance issues and a positive living environment for tenants.
Aesthetic Appeal with City Lights View: The property offers desirable 'City Lights' views, adding to its aesthetic appeal and potentially commanding higher rental rates or resale value.

Cons

Tenant Occupancy at Sale: The property will be delivered with tenants on premises, which may limit immediate owner-occupancy options or extensive renovation plans without navigating tenant agreements or relocation processes.
Property Age: Built in 1940, the property's age may imply older infrastructure (plumbing, electrical, HVAC) that could require future updates or maintenance, despite being described as well-kept.
Modest Unit Size: With 1516 total square feet for two 2-bedroom, 1-bath units, each unit is approximately 758 sqft, which is on the smaller side and might appeal to a more specific tenant demographic.

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