443 W 71st Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$710,000
443 W 71st Street, Los Angeles, California 90003
0Bed
0Bath
1,478Sqft
5,192Lot
Year Built
1920
Close
-
List price
$710K
Original List price
$710K
Price/Sqft
$480
HOA
-
Days on market
-
Sold On
-
MLS number
SB24063119
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $710.0K(45th), sqft - 1478(26th), beds - undefined(50th), baths - undefined(50th).
2 separate Units Front 3 Bedrooms 1 Bath, Back 1 Bedroom 1 Bath, 2 Car garages on the back of the property private parking for each unit
Price History
Date
Event
Price
04/05/24
Listing
$710,000
07/19/21
Sold
$590,000
03/02/15
Sold
$290,000
01/22/14
Sold
$240,000
10/01/12
Sold
$130,000
04/06/07
Sold
$450,000
Condition Rating
Fair
Built in 1920, the property's kitchen and bathroom are significantly outdated with older cabinets, laminate countertops, and dated appliances/fixtures. While appearing functional and maintained, the home requires substantial cosmetic and system updates to meet modern standards, aligning with the 'Fair' condition criteria for an aged but maintained property with outdated components.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex with two separate units (3 bed/1 bath and 1 bed/1 bath), explicitly designed for residential income, offering immediate rental potential for investors or owner-occupants.
Private Parking & Garages: Equipped with two car garages and private parking for each unit, a significant advantage in a dense urban environment like Los Angeles, enhancing tenant convenience and property value.
Desirable Urban Location: Located in Los Angeles, the property benefits from a large rental market, access to urban amenities, and long-term potential for property value appreciation.
Flexible Unit Configuration: The distinct unit sizes (3 bed/1 bath and 1 bed/1 bath) offer versatility for diverse rental strategies, catering to different tenant needs, or providing an owner-occupant with supplementary income.
Generous Lot Size: A 5,192 sqft lot provides ample outdoor space, potential for privacy, and could offer future development or expansion opportunities, subject to local zoning regulations.
Cons
Advanced Age of Property: Built in 1920, the property is over a century old, likely requiring significant capital expenditure for system upgrades (plumbing, electrical), structural repairs, and general modernization.
Limited Bathroom Count: Both units feature only one bathroom, which can be a significant functional limitation, particularly for the 3-bedroom unit, potentially impacting tenant appeal and achievable rental rates.
Potential for Deferred Maintenance: Given its age, there is a high probability of deferred maintenance and outdated infrastructure, which could lead to unforeseen and substantial repair costs for a new owner.