5141 Oakland, Los Angeles, California 90032, Los Angeles, 90032 - 4 bed, 3 bath
ACTIVE$860,000
5141 Oakland, Los Angeles, California 90032
4Beds
3Baths
1,764Sqft
6,306Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Property: The property is a Duplex with an ADU, effectively offering three separate units (2-bed/1-bath and two 1-bed/1-bath units), providing multiple income streams for investors.
Top Cons:
Requires Renovation/Improvements: The property description indicates that buyers will need to 'do a bit of work to add value,' suggesting a need for significant capital expenditure and renovation.
Compared to the nearby listings
Price:$860.0K vs avg $790.0K (+$70,000)50%
Size:1,764 sqft vs avg 1,810.5 sqft33%
Price/sqft:$488 vs avg $46867%
More Insights
Built in 1912 (113 years old).
Condition: Built in 1912, this property is aged but appears maintained and functional. While some updates like laminate flooring and stainless steel appliances are present, the kitchen cabinets and countertops are dated, and the bathrooms feature older vanities, tiles, and light fixtures. The listing description explicitly states it requires 'a bit of work to add value through improvements,' indicating a need for more than minor cosmetic updates to bring it to current market standards, but it does not show signs of significant structural defects or safety issues that would classify it as 'poor'.
Year Built
1912
Close
-
List price
$860K
Original List price
$880K
Price/Sqft
$488
HOA
-
Days on market
-
Sold On
-
MLS number
WS25260677
Home ConditionFair
Features
View-
About this home
First Team Real Estate is proud to present 5141–5143 Oakland St, Los Angeles, CA 90032—a fantastic investment opportunity in the rapidly growing El Sereno neighborhood. This Duplex with ADU property includes a front unit with 2 bedrooms and 1 bathroom, plus two additional 1 bed/1 bath units, each with its own private entrance. The property features three separate addresses, two gas, three electric meters, and one water meter. One unit will be delivered vacant, offering immediate flexibility for owner-occupants or rental adjustments. With a motivated seller and significant upside potential, this is an ideal opportunity for buyers willing to do a bit of work to add value through improvements and bring rents to market rate. Don’t miss out on this versatile property with strong long-term potential in one of LA’s most promising neighborhoods.
Price History
Date
Event
Price
07/23/99
Sold
$165,000
07/11/22
Sold
$700,000
01/17/14
Sold
$380,000
02/22/13
Sold
$289,000
Condition Rating
Fair
Built in 1912, this property is aged but appears maintained and functional. While some updates like laminate flooring and stainless steel appliances are present, the kitchen cabinets and countertops are dated, and the bathrooms feature older vanities, tiles, and light fixtures. The listing description explicitly states it requires 'a bit of work to add value through improvements,' indicating a need for more than minor cosmetic updates to bring it to current market standards, but it does not show signs of significant structural defects or safety issues that would classify it as 'poor'.
Pros & Cons
Pros
Multi-Unit Income Property: The property is a Duplex with an ADU, effectively offering three separate units (2-bed/1-bath and two 1-bed/1-bath units), providing multiple income streams for investors.
Vacant Unit for Flexibility: One unit will be delivered vacant, allowing immediate flexibility for an owner-occupant or the opportunity to renovate and rent at market rates.
Value-Add Investment Opportunity: Explicitly marketed as an ideal opportunity for buyers willing to invest in improvements to add value and bring rents to market rate, indicating significant upside potential.
Location in Growing Neighborhood: Situated in El Sereno, described as a rapidly growing and promising neighborhood in Los Angeles, suggesting strong long-term appreciation potential.
Separately Metered Utilities: Features three separate addresses, two gas meters, and three electric meters, simplifying utility management and tenant billing for individual units.
Cons
Requires Renovation/Improvements: The property description indicates that buyers will need to 'do a bit of work to add value,' suggesting a need for significant capital expenditure and renovation.
Age of Property: Built in 1912, the property's age may imply potential for outdated systems, higher maintenance costs, and unforeseen repairs typical of older constructions.
Shared Water Meter: Despite separate gas and electric meters, the property has only one water meter, which could lead to landlord-paid water expenses or complex tenant allocation.