4339 E 1st Street, East Los Angeles, California 90022, East Los Angeles, 90022 - bed, bath
ACTIVE$849,950
4339 E 1st Street, East Los Angeles, California 90022
0Bed
0Bath
1,320Sqft
5,932Lot
Year Built
1930
Close
-
List price
$850K
Original List price
$880K
Price/Sqft
$644
HOA
-
Days on market
-
Sold On
-
MLS number
PW25045171
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $850.0K(61th), sqft - 1320(11th), beds - undefined(50th), baths - undefined(50th).
Excellent income potential! Occupy one unit and lease out the other. The property features two distinct units: a front unit with 1 bedroom and 1 bathroom, and a back unit 2 bed 2 bath. Both front unit and back unit are being renovated with new Pex pipe, updated electrical panels, new paint and new flooring. Situated on a spacious lot with ample parking, conveniently located near public transportation, and offering the possibility to add an Additional Dwelling Unit (ADU). Property will be delivered vacant.
Price History
Date
Event
Price
08/01/25
$849,950
03/01/25
$880,000
02/15/24
Sold
$590,000
Condition Rating
Good
Despite being built in 1930, the property is described as 'being renovated' with significant updates including new Pex pipe, updated electrical panels, new paint, and new flooring. The images confirm a fresh, clean interior with new-looking laminate flooring, white walls, new kitchen cabinets and countertops, and updated bathroom fixtures. While the kitchen lacks visible appliances in the photos and the finishes are basic (e.g., laminate counters, simple light fixtures), the major system updates and cosmetic refresh make it move-in ready and functional, aligning with the 'Good' condition criteria for a recently renovated property.
Pros & Cons
Pros
Strong Income Potential: As a duplex, the property offers excellent income potential, allowing an owner to live in one unit and rent out the other, or rent both for maximized cash flow.
Extensive Recent Renovations: Both units are undergoing significant upgrades including new Pex piping, updated electrical panels, new paint, and new flooring, minimizing immediate capital expenditures for a new owner.
ADU Development Opportunity: The spacious lot presents the possibility to add an Additional Dwelling Unit (ADU), offering a clear path to further increase rental income and overall property value.
Vacant Delivery: The property will be delivered vacant, providing immediate flexibility for the new owner to select tenants or occupy a unit without the complexities of tenant relocation.
Spacious Lot with Ample Parking: A generous 5,932 sqft lot with ample parking is a valuable asset, especially in a dense urban environment like East Los Angeles, offering convenience and potential for future expansion.
Cons
Age of Structure: Built in 1930, the property's age suggests potential for underlying issues (e.g., foundation, roof, older systems not part of current renovation scope) that may require future investment.
Renovations In-Progress: The description indicates renovations 'are being renovated,' implying they may not be fully completed at the time of sale, which could delay occupancy or rental income generation for the new owner.
Limited Total Living Space: With a combined 1320 sqft for two units, the individual unit sizes are relatively compact, which might limit appeal to certain tenant demographics or command lower rental rates compared to larger units.