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517 W 97th Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

517 W 97th Street, Los Angeles, California 90044 home-pic-0
ACTIVE$999,000
517 W 97th Street, Los Angeles, California 90044
0Bed
0Bath
3,271Sqft
5,605Lot
Year Built
2010
Close
-
List price
$999K
Original List price
$1,000K
Price/Sqft
$305
HOA
-
Days on market
-
Sold On
-
MLS number
RS25038488
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $999.0K(84th), sqft - 3271(81th), beds - undefined(50th), baths - undefined(50th).

RENTS RECENTLY INCREASED - Built in 2010, this modern DUPLEX located at 517 W 97th Street, Los Angeles offers a total of 3,271 square feet of living space, thoughtfully divided into two spacious units. The front unit features 4 bedrooms and 2 bathrooms, while the rear unit boasts 5 bedrooms and 3 bathrooms, accommodating a variety of living arrangements. Each unit is designed with contemporary finishes, including big kitchen and family room for comfortable and stylish living environment. Situated on a huge 5,605 square foot lot, the property also includes ample parking with two garage spaces. Generating a whopping $7050 gross rent per month, this duplex presents an excellent opportunity for investors seeking additional rental income. Its convenient location in Los Angeles offers easy access to local amenities, schools, and public transportation. Exceptionally high rental income makes this property a perfect fit for investors seeking long term positive cash flow on their investment.

Nearby schools

4/10
Charles W. Barrett Elementary School
Public,•K-5•0.2mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•0.7mi
4/10
Manchester Avenue Elementary School
Public,•1-6•0.7mi
3/10
Ninety-Fifth Street Elementary School
Public,•K-5•0.7mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.8mi
5/10
Figueroa Street Elementary School
Public,•K-5•1.0mi
5/10
Woodcrest Elementary School
Public,•K-5•1.1mi
5/10
One Hundred Eighteenth Street School
Public,•K-5•1.6mi
3/10
West Athens Elementary School
Public,•K-5•1.7mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•0.3mi
2/10
Samuel Gompers Middle School
Public,•6-8•1.1mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•2.1mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.7mi
9/10
Middle College High School
Public,•9-12•2.5mi

Price History

Date
Event
Price
10/14/25
Price Change
$999,000
02/20/25
Listing
$999,900
05/11/15
Sold
$569,000
09/30/10
Sold
$465,004
01/26/10
Sold
$110,000
04/25/05
Sold
$300,000
07/01/04
Sold
$210,000
Condition Rating
Fair
Built in 2010, the property is structurally sound for its age. However, the kitchen, despite the property's relatively recent construction, features dated wood cabinets, laminate-style countertops, and basic tile flooring, which do not align with the 'contemporary finishes' described in the listing. The living room carpet also shows visible wear. While functional, the interior aesthetics are outdated and would require minor cosmetic updates to meet modern buyer expectations and truly reflect a 'modern' duplex.
Pros & Cons

Pros

High Rental Income & Cash Flow: Generating a significant $7050 gross rent per month, this property offers excellent potential for positive cash flow, making it highly attractive to investors.
Modern Construction: Built in 2010, the duplex features modern construction and contemporary finishes, reducing immediate maintenance concerns and appealing to a broad tenant base.
Spacious & Flexible Units: The property offers two large units (4 bed/2 bath and 5 bed/3 bath), accommodating diverse living arrangements and maximizing rental potential.
Ample Parking: Includes two garage spaces, providing valuable off-street parking which is a significant advantage in Los Angeles.
Generous Lot Size: Situated on a substantial 5,605 square foot lot, offering potential for outdoor use or future development (subject to zoning).

Cons

Mixed School Ratings: While some elementary schools are well-rated, the closest middle and high schools have lower ratings (2-3), which could be a deterrent for families prioritizing top-tier public education.
Lack of Specific Outdoor Living Spaces: Despite a large lot, the description does not detail private outdoor amenities like yards or patios for each unit, which can be a key tenant preference.
Unspecified Utility Separation: The property details do not specify if utilities are separately metered for each unit, which can impact tenant responsibility and investor operating costs.

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