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505 E 68th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

505 E 68th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$1,098,000
505 E 68th Street, Los Angeles, California 90003
0Bed
0Bath
3,776Sqft
5,396Lot
Year Built
2019
Close
-
List price
$1.1M
Original List price
$1.25M
Price/Sqft
$291
HOA
-
Days on market
-
Sold On
-
MLS number
PW25156295
Home ConditionExcellent
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(88th), sqft - 3776(95th), beds - undefined(50th), baths - undefined(50th).

*** AMAZING INVESTMENT OPPORTUNITY *** New Build from the ground up in 2019. A MASSIVE 2-Story Building that BOASTS 3,776 sq/ft on a 5,396 sq/ft Lot. A Gated Duplex. Both units are 5 bedrooms and 3 Bathrooms. Each unit has its own Attached Garage. The Front Unit has a single car garage and the back unit has double car garage. Each unit has inside Laundry. Separated Electric, Gas and Water Meters. Amenities for both units include- Dual pane windows, granite counter tops, wood cabinets, tile flooring in the Kitchen and Bathrooms, carpeted bedrooms and forced heat throughout. Tenants pay ALL utilities. NFPA 13D fire sprinkler system throughout. 100 amp electrical panels (source: LADBS) An AMAZING INVESTEMENT OPPORTUNITY to Add to your Portfolio or Get Started with Newer Building.

Price History

Date
Event
Price
12/03/25
Price Change
$1,098,000-4.5%
10/17/25
Price Change
$1,149,900-7.9%
07/14/25
Listing
$1,249,000
07/24/19
Sold
$380,500
05/16/19
Sold
$375,000
03/24/04
Sold
$190,000
Condition Rating
Excellent
This property was built from the ground up in 2019, making it only 5 years old. It meets the 'Excellent' criteria for being built within 10 years. The description highlights modern features such as dual-pane windows, granite countertops, wood cabinets, tile flooring in kitchens and bathrooms, and forced heat. All major systems and finishes are virtually new, indicating minimal physical depreciation and no deferred maintenance. While the absence of central air conditioning is noted, it does not detract from the overall excellent condition of the existing components and recent construction.
Pros & Cons

Pros

New Construction: Built from the ground up in 2019, ensuring modern building codes, reduced immediate maintenance, and contemporary design.
Strong Investment Potential: A duplex with separate electric, gas, and water meters, where tenants pay all utilities, offering excellent cash flow and minimal landlord overhead.
Spacious & High-Capacity Units: A massive 3,776 sq/ft building with two units, each boasting 5 bedrooms and 3 bathrooms, maximizing rental income potential.
Modern Amenities & Finishes: Features include dual-pane windows, granite countertops, wood cabinets, tile flooring, forced heat, inside laundry, and attached garages for tenant convenience and appeal.
Enhanced Safety & Security: The property is a gated duplex and includes an NFPA 13D fire sprinkler system throughout, providing added safety and peace of mind.

Cons

Multiple Price Reductions: The listing has undergone several price reductions from an original $1.249M to the current $1.098M, potentially indicating overpricing or market resistance.
Absence of Air Conditioning: While forced heat is mentioned, there is no indication of an air conditioning system, which could be a significant drawback for tenant comfort and marketability in Los Angeles.
Standard Neighborhood View: The property offers a 'Neighborhood' view, which is not a premium vista and may not command higher rental or sale prices compared to properties with city or ocean views.

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