5133 1/4, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath
ACTIVE$799,900$1,800/sqft
5133 1/4, Los Angeles, California 90042
0Bed
0Bath
1,800Sqft
4,802Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: Features three 1-bedroom, 1-bath units, providing immediate rental income and significant investment potential for owner-occupiers or pure investors.
Top Cons:
Age of Construction (1939): Built in 1939, the property may require ongoing maintenance, updates to older systems (plumbing, electrical), and potential capital expenditures to modernize.
Compared to the nearby listings
Price:$799.9K vs avg $980.0K ($-180,100)11%
Size:1,800 sqft vs avg 1,800 sqft50%
Price/sqft:$444 vs avg $55122%
More Insights
Built in 1939 (87 years old).
Condition: Built in 1939, this property is 85 years old with no indication of significant recent renovations in the listing description or visible from the exterior image. The AI-generated analysis explicitly states the property 'may require ongoing maintenance, updates to older systems (plumbing, electrical), and potential capital expenditures to modernize.' The exterior appears dated and shows wear, suggesting that interior components like kitchens, bathrooms, and major systems are likely original or last updated many decades ago, requiring substantial repairs and rehabilitation to meet modern standards.
Year Built
1939
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$444
HOA
-
Days on market
-
Sold On
-
MLS number
GD26011569
Home ConditionPoor
Features
Good View: Hills
ViewHills
About this home
Great opportunity for investor(s) and/or owner occupied buyer(s)!!! This Property features 3 units, each offering 1 bedroom and 1 bath with long term tenants in a month to month lease agreements. One parking space per unit in the back. Located in the upcoming and vibrant Highland Park area with proximity to local amenities and transportation. Whether you're looking to expand your portfolio or generate rental income or you are planning to live in one unit or two units and rent the other(s), this property presents a great opportunity for savvy investor(s) or home owner(s). Don't miss out this chance to own a potential lucrative investment property in the Highland Park area of Los Angeles.
R
Remberto Marquez
Listing Agent
Condition Rating
Poor
Built in 1939, this property is 85 years old with no indication of significant recent renovations in the listing description or visible from the exterior image. The AI-generated analysis explicitly states the property 'may require ongoing maintenance, updates to older systems (plumbing, electrical), and potential capital expenditures to modernize.' The exterior appears dated and shows wear, suggesting that interior components like kitchens, bathrooms, and major systems are likely original or last updated many decades ago, requiring substantial repairs and rehabilitation to meet modern standards.
Pros & Cons
Pros
Income-Generating Triplex: Features three 1-bedroom, 1-bath units, providing immediate rental income and significant investment potential for owner-occupiers or pure investors.
Desirable Highland Park Location: Situated in the 'upcoming and vibrant Highland Park area,' offering excellent proximity to local amenities, transportation, and a strong rental market.
Established Tenancy with Flexibility: Benefits from long-term tenants on month-to-month leases, ensuring immediate cash flow while allowing the new owner flexibility for rent adjustments or future occupancy.
Dedicated Parking Per Unit: A valuable asset in Los Angeles, each unit includes a dedicated parking space, enhancing tenant convenience and property appeal.
Aesthetic Hills View: The property boasts desirable hills views, adding to its visual appeal and potentially increasing its market value.
Cons
Age of Construction (1939): Built in 1939, the property may require ongoing maintenance, updates to older systems (plumbing, electrical), and potential capital expenditures to modernize.
Month-to-Month Lease Volatility: While offering flexibility, month-to-month leases carry the risk of higher tenant turnover and potential vacancy periods, requiring proactive management.
Compact Unit Sizes: Each unit is a 1-bedroom, 1-bath, which, while standard, may limit the tenant demographic and could be perceived as compact for some renters or owner-occupiers seeking more spacious living.