5106 2nd Avenue, Los Angeles, California 90043, Los Angeles, 90043 - bed, bath

ACTIVE$749,900
5106 2nd Avenue, Los Angeles, California 90043
0Bed
0Bath
1,678Sqft
5,194Lot
Year Built
1922
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$447
HOA
-
Days on market
-
Sold On
-
MLS number
PW24227761
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $749.9K(50th), sqft - 1678(38th), beds - undefined(50th), baths - undefined(50th).
Charming Duplex in the Park Hills Heights area, its located near the famous exclusive neighborhood of Leimert Park, surrounded by public transportation. This Duplex is right in the middle of downtown Los Angeles and Sofi Stadium. It is currently fully rented. Sellers are very motivated.
Nearby schools
3/10
Angeles Mesa Elementary School
Public,•K-5•0.2mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.7mi
2/10
Forty-Second Street Elementary School
Public,•K-5•0.7mi
2/10
Yes Academy
Public,•K-5•1.2mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.4mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.7mi
4/10
Centinela Elementary School
Public,•K-6•2.0mi
1/10
Lane (Warren) Elementary School
Public,•K-6•2.1mi
3/10
Windsor Hills Math Science
Public,•K-5•2.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.6mi
2/10
Audubon Middle School
Public,•6-8•1.1mi
1/10
Horace Mann Junior High School
Public,•6-8•1.5mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•3.3mi
2/10
Crozier (George W.) Middle School
Public,•7-8•3.6mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•4.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.6mi
2/10
Inglewood High School
Public,•9-12•3.2mi
2/10
George Washington Preparatory High School
Public,•9-12•4.1mi
9/10
Middle College High School
Public,•9-12•6.2mi
Price History
Date
Event
Price
08/18/23
Sold
$710,000
10/21/22
Sold
$500,000
10/21/04
Sold
$215,000
12/29/99
Sold
$190,000
09/16/98
Sold
$145,000
09/16/98
Sold
$116,000
Condition Rating
Poor
Built in 1922, this duplex shows significant age and requires substantial rehabilitation. The kitchen features very outdated appliances, basic wood cabinets, laminate countertops, and linoleum flooring, indicating no major renovations in many decades. The bathroom is equally outdated with old tile, a pedestal sink, and aged fixtures. While the hardwood floors in other rooms appear to be in fair condition, the property's major systems (plumbing, electrical, HVAC) are likely original or very old, as suggested by the property analysis, and will require extensive updates. The overall condition is far from move-in ready by modern standards and necessitates a full renovation of key areas.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Established Income Stream: The property is currently fully rented, offering immediate cash flow and a stable return on investment for a buyer.
Strategic Los Angeles Location: Positioned between Downtown Los Angeles and SoFi Stadium, and near Leimert Park, the property benefits from high demand and strong potential for appreciation.
Duplex Investment Opportunity: As a duplex, it provides flexibility for an owner-occupant to live in one unit and rent the other, or for a pure investor to maximize rental income.
Excellent Public Transportation Access: Being surrounded by public transportation enhances tenant appeal and convenience, contributing to consistent occupancy.
Motivated Sellers: The sellers' motivation indicates potential for negotiation, which could lead to a more favorable purchase price for the buyer.
Cons
Historic Property Age: Built in 1922, the property is likely to require significant capital expenditures for updating aging systems (plumbing, electrical, HVAC) and general maintenance, impacting immediate ROI.
Rapid Price Appreciation/Flip History: The property sold for $710,000 in August 2023 and is now listed at $749,900, suggesting a quick turnaround that warrants scrutiny into recent improvements and the justification for the current list price.
Subpar Local School Ratings: Many nearby schools have low ratings, which could be a deterrent for family-oriented owner-occupants or long-term tenants with school-aged children.





