437 W 111th Place, Los Angeles, California 90061, Los Angeles, 90061 - bed, bath
ACTIVE$1,600,000
437 W 111th Place, Los Angeles, California 90061
0Bed
0Bath
4,840Sqft
6,997Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
New Construction: Built in 2021, the property benefits from modern construction standards, reduced immediate maintenance needs, and potential energy efficiencies.
Top Cons:
Intensive Property Management: Managing three occupied units, especially with high bedroom counts, can be demanding and may require significant owner time or professional property management services.
Compared to the nearby listings
Price:$1.60M vs avg $770.0K (+$830,000)92%
Size:4,840 sqft vs avg 2,239.5 sqft92%
Price/sqft:$331 vs avg $35950%
More Insights
Built in 2021 (4 years old).
Condition: This property was built in 2021, making it a very recent construction. The MLS description explicitly states it was built in 2021, and the property analysis highlights 'New Construction.' The provided exterior image shows a modern, well-maintained building with new fencing, landscaping, and a fresh appearance, consistent with a newly built property. While interior images are not available, it is highly improbable that a property built in 2021 would feature anything other than new, modern kitchens, bathrooms, appliances, and systems, meeting current quality standards with no deferred maintenance.
Year Built
2021
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$331
HOA
-
Days on market
-
Sold On
-
MLS number
PW25076223
Home ConditionExcellent
Features
View-
About this home
This property have duplex and one ADU built in 2021year, total 3unit. The first Front unit(#437,Front 1st Floor,5bed and 3bath) occupied .The 2nd Front unit(#437 1/2,6bed and 4bath) occupied.The Last Back uint(#435,4bed 2bath) occupied. Good tenant occupied.No RSO.
Price History
Date
Event
Price
11/23/21
Sold
$1,180,000
03/11/20
Sold
$410,000
Condition Rating
Excellent
This property was built in 2021, making it a very recent construction. The MLS description explicitly states it was built in 2021, and the property analysis highlights 'New Construction.' The provided exterior image shows a modern, well-maintained building with new fencing, landscaping, and a fresh appearance, consistent with a newly built property. While interior images are not available, it is highly improbable that a property built in 2021 would feature anything other than new, modern kitchens, bathrooms, appliances, and systems, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
New Construction: Built in 2021, the property benefits from modern construction standards, reduced immediate maintenance needs, and potential energy efficiencies.
Significant Income Potential: Comprising a triplex and an ADU (total of three units), this property offers diversified and substantial rental income streams.
Fully Occupied with Stable Tenants: All three units are currently occupied by 'good tenants,' ensuring immediate and consistent cash flow with minimal vacancy risk.
Exempt from Rent Stabilization Ordinance (RSO): The absence of RSO provides the owner with greater flexibility in adjusting rents, potentially maximizing future rental income and returns.
High Unit Capacity: Units feature generous bedroom and bathroom counts (5/3, 6/4, 4/2), appealing to larger families or shared living arrangements, thereby optimizing rental income per unit.
Cons
Intensive Property Management: Managing three occupied units, especially with high bedroom counts, can be demanding and may require significant owner time or professional property management services.
Location-Specific Market Perception: While in Los Angeles, the 90061 zip code (South Los Angeles) may carry specific market perceptions regarding neighborhood amenities, schools, or safety that could influence tenant pool or property value appreciation.
Potential for High Operating Costs: Despite being new construction, managing three separate units implies higher cumulative utility costs, insurance premiums, and ongoing maintenance expenses compared to a single-family residence.