4682 Paula Street, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath
ACTIVE$775,000
4682 Paula Street, Los Angeles, California 90032
0Bed
0Bath
1,726Sqft
6,751Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a duplex, offering a fantastic opportunity for immediate rental income from two tenant-occupied units or the flexibility for an owner to live in one unit and rent the other.
Top Cons:
Age of Property: Built in 1939, the property is over 80 years old, which may imply potential for outdated systems (plumbing, electrical) or the need for future capital expenditures despite current 'great condition'.
Compared to the nearby listings
Price:$775.0K vs avg $747.5K (+$27,500)50%
Size:1,726 sqft vs avg 1,810.5 sqft33%
Price/sqft:$449 vs avg $46142%
More Insights
Built in 1939 (86 years old).
Condition: Built in 1939, this duplex shows significant age and deferred maintenance. The kitchens feature extremely outdated yellow and white tiled countertops, old cabinets, and appliances, suggesting renovations (if any) were done 30-50+ years ago. Bathrooms also exhibit very old fixtures and tiling. Cooling is via window AC units, indicating no central HVAC. While tenant-occupied and seemingly functional, the property requires substantial rehabilitation and modernization to meet current living standards and comfort expectations. The overall condition of key areas like kitchens and bathrooms, combined with the property's age, aligns with the 'Poor' category, necessitating major updates rather than minor repairs.
Year Built
1939
Close
-
List price
$775K
Original List price
$925K
Price/Sqft
$449
HOA
-
Days on market
-
Sold On
-
MLS number
RS25053052
Home ConditionPoor
Features
Deck
Patio
View-
About this home
Fantastic opportunity for a duplex in a highly desired location! First unit is a two bedroom, one and a half bath downstairs and the second unit is a two bedroom, one bath upstairs with a balcony deck. Both units are tenant occupied and in great condition. Downstairs unit has a formal dining room and a large kitchen. Great potential for an investment property or live in one and get income from the other. Large back yard with a storage room at the rear of the lot. Two car garage with alley access behind the storage room. Both units have washer hookups and upstairs unit has both washer and dryer hookups.
Condition Rating
Poor
Built in 1939, this duplex shows significant age and deferred maintenance. The kitchens feature extremely outdated yellow and white tiled countertops, old cabinets, and appliances, suggesting renovations (if any) were done 30-50+ years ago. Bathrooms also exhibit very old fixtures and tiling. Cooling is via window AC units, indicating no central HVAC. While tenant-occupied and seemingly functional, the property requires substantial rehabilitation and modernization to meet current living standards and comfort expectations. The overall condition of key areas like kitchens and bathrooms, combined with the property's age, aligns with the 'Poor' category, necessitating major updates rather than minor repairs.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, offering a fantastic opportunity for immediate rental income from two tenant-occupied units or the flexibility for an owner to live in one unit and rent the other.
Desirable Los Angeles Location: Situated in a 'highly desired location' in Los Angeles, ensuring strong rental demand and potential for property value appreciation.
Immediate Cash Flow: Both units are tenant-occupied and described as being in 'great condition,' providing instant rental income for an investor without the need for immediate tenant sourcing or significant repairs.
Significant Price Reduction: The list price has been substantially reduced from $925,000 to $775,000, indicating a potential value opportunity and increased attractiveness for buyers.
Valuable Amenities & Outdoor Space: Features a large backyard, a dedicated storage room, a two-car garage with convenient alley access, and in-unit laundry hookups, enhancing livability and utility for tenants or owners.
Cons
Age of Property: Built in 1939, the property is over 80 years old, which may imply potential for outdated systems (plumbing, electrical) or the need for future capital expenditures despite current 'great condition'.
Tenant Occupancy Constraints: While providing income, existing tenant occupancy can limit a buyer's immediate ability to occupy a unit, conduct extensive renovations, or freely show the property, requiring adherence to tenant rights and lease agreements.
Lack of Desirable Views: The property explicitly states 'view: None,' which could be a drawback for some buyers in the Los Angeles market where scenic views often command a premium and are highly sought after.