468 S Fetterly, Los Angeles, California 90022, Los Angeles, 90022 - 5 bed, 2 bath
ACTIVE$775,000$1,888/sqft
468 S Fetterly, Los Angeles, California 90022
5Beds
2Baths
1,888Sqft
8,018Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a duplex, explicitly marketed as 'Residential Income,' offering immediate potential for rental income and a strong investment opportunity.
Top Cons:
Age and Undisclosed Condition of Primary Unit: Built in 1951, and with only the back unit explicitly stated as 'renovated,' the front 3-bedroom unit may be dated or require significant updates and capital expenditure.
Compared to the nearby listings
Price:$775.0K vs avg $820.0K ($-45,000)33%
Size:1,888 sqft vs avg 1,945.5 sqft44%
Price/sqft:$410 vs avg $41250%
More Insights
Built in 1951 (75 years old).
Condition: Built in 1951, the property's main house and garage exterior appear significantly dated, with old windows, worn stucco, and peeling garage doors. While the back unit is noted as 'renovated,' the primary 3-bedroom unit likely requires substantial repairs and rehabilitation, including major updates to its kitchen, bathroom, and core systems (electrical, plumbing, HVAC), as no renovation is mentioned for this part of the property. This aligns with the 'poor' condition criteria, indicating a need for significant investment beyond minor updates.
Year Built
1951
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$410
HOA
-
Days on market
-
Sold On
-
MLS number
PW25277962
Home ConditionPoor
Features
View-
About this home
This duplex in a nice neighborhood in East Los Angeles is perfect for your buyer to invest and has further opportunity to build income. The front house has 3 bedrooms and a bath and the back home above the three car garage which as been renovated has 2 bedrooms and a bath. Large lot with huge potential. Located near freeways, trains school and shopping. You don't want to miss this opportunity. Don’t miss this one.
J
Jason Stead
Listing Agent
Condition Rating
Poor
Built in 1951, the property's main house and garage exterior appear significantly dated, with old windows, worn stucco, and peeling garage doors. While the back unit is noted as 'renovated,' the primary 3-bedroom unit likely requires substantial repairs and rehabilitation, including major updates to its kitchen, bathroom, and core systems (electrical, plumbing, HVAC), as no renovation is mentioned for this part of the property. This aligns with the 'poor' condition criteria, indicating a need for significant investment beyond minor updates.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, explicitly marketed as 'Residential Income,' offering immediate potential for rental income and a strong investment opportunity.
Large Lot with Development Potential: Boasting an 8018 sqft lot, the property offers significant space and 'huge potential' for future expansion, landscaping, or the addition of an Accessory Dwelling Unit (ADU).
Strategic Location: Located in a 'nice neighborhood in East Los Angeles' and 'near freeways, trains, school and shopping,' providing excellent accessibility and convenience for residents.
Renovated Secondary Unit: The back home, situated above the three-car garage, 'has been renovated,' offering a potentially move-in ready or higher-rent unit to attract tenants.
Strong Investment Appeal: The listing explicitly highlights the property as 'perfect for your buyer to invest' with 'further opportunity to build income,' appealing directly to investors.
Cons
Age and Undisclosed Condition of Primary Unit: Built in 1951, and with only the back unit explicitly stated as 'renovated,' the front 3-bedroom unit may be dated or require significant updates and capital expenditure.
Implied Additional Investment for Potential: The phrase 'huge potential' often suggests that the property is not fully optimized and will require further investment, development, or renovation to maximize its value.
Lack of Modern Amenities or Premium Features: The property lacks specific mention of modern amenities such as central air conditioning and has 'None' for views, which could be a drawback for tenant appeal or future resale value.