5604 5606 Fortuna Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$895,000$2,904/sqft
5604 5606 Fortuna Street, Los Angeles, California 90011
0Bed
0Bath
2,904Sqft
4,796Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Modern Construction: Built in 2011, this property offers newer infrastructure and potentially lower immediate maintenance costs compared to older properties in the area.
Top Cons:
Recent Price Reduction: The property has undergone a significant price reduction from $995,000 to $895,000, which may indicate initial overpricing or challenges in attracting buyers at the previous price point.
Compared to the nearby listings
Price:$895.0K vs avg $699.0K (+$196,000)83%
Size:2,904 sqft vs avg 2,076 sqft90%
Price/sqft:$308 vs avg $33738%
More Insights
Built in 2011 (15 years old).
Condition: Built in 2011, this property is relatively modern (13 years old) and falls within the 'Good' condition criteria for age. While the exterior images show some general wear and tear, such as stains on the stucco, an unkempt front yard, and a worn fence, there are no visible signs of major structural issues or significant deferred maintenance. The lack of interior photos prevents a detailed assessment of the kitchen and bathroom conditions, but given the build year, these areas are presumed to be in good, functional condition with contemporary finishes from that era. The property appears move-in ready with no immediate major renovations required, though some cosmetic updates might be desired.
Year Built
2011
Close
-
List price
$895K
Original List price
$995K
Price/Sqft
$308
HOA
-
Days on market
-
Sold On
-
MLS number
IG25214675
Home ConditionGood
Features
View-
About this home
Great Investment!! . . Built year 2011, 2 Units, Total: 8 Bedrooms and 4 Baths, Each Unit 4 Bedrooms and 2 baths, Identical Units, Approx. Total 2904 sq.ft., Approx. 1400sq.ft. each Unit, Both Units Occupied, Must See to Appreciate...
A
Alvin Benipayo
Listing Agent
Nearby schools
2/10
Holmes Avenue Elementary School
Public,•K-6•0.3mi
5/10
Lillian Street Elementary School
Public,•K-6•0.5mi
2/10
Hooper Avenue Elementary School
Public,•1-5•0.6mi
2/10
Aurora Elementary School
Public,•K-5•0.7mi
4/10
Ascot Avenue Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.0mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.1mi
5/10
Pacific Boulevard School
Public,•K-5•1.2mi
2/10
Harmony Elementary School
Public,•K-5•1.4mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.4mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•1.4mi
5/10
Estrella Elementary School
Public,•K-5•1.6mi
4/10
Quincy Jones Elementary School
Public,•K-5•1.8mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•2.1mi
5/10
Twentieth Street Elementary School
Public,•K-5•2.1mi
3/10
Thomas A. Edison Middle School
Public,•6-8•0.8mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.0mi
6/10
Vernon City Elementary School
Public,•K-7•1.2mi
3/10
George Washington Carver Middle School
Public,•6-8•1.2mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.7mi
3/10
Henry T. Gage Middle School
Public,•6-8•1.8mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.3mi
4/10
Huntington Park Senior High School
Public,•9-12•1.5mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.0mi
5/10
Santee Education Complex
Public,•9-12•2.7mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•3.7mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•4.1mi
Price History
Date
Event
Price
08/31/17
Sold
$640,000
01/19/12
Sold
$435,000
05/12/09
Sold
$89,500
05/12/06
Sold
$280,000
Condition Rating
Good
Built in 2011, this property is relatively modern (13 years old) and falls within the 'Good' condition criteria for age. While the exterior images show some general wear and tear, such as stains on the stucco, an unkempt front yard, and a worn fence, there are no visible signs of major structural issues or significant deferred maintenance. The lack of interior photos prevents a detailed assessment of the kitchen and bathroom conditions, but given the build year, these areas are presumed to be in good, functional condition with contemporary finishes from that era. The property appears move-in ready with no immediate major renovations required, though some cosmetic updates might be desired.
Pros & Cons
Pros
Modern Construction: Built in 2011, this property offers newer infrastructure and potentially lower immediate maintenance costs compared to older properties in the area.
Strong Income Potential: As a duplex with two identical 4-bedroom, 2-bathroom units, it presents a highly desirable configuration for generating substantial rental income in the Los Angeles market.
Immediate Cash Flow: Both units are currently occupied, ensuring instant rental income for the new owner without a vacancy period, which is a significant advantage for investors.
Simplified Management: The identical layout and size of both units (approx. 1400 sq.ft. each) streamline property management, maintenance, and tenant relations.
Spacious Units: Each unit offers approximately 1400 sq.ft. of living space, providing comfortable and attractive accommodations for tenants.
Cons
Recent Price Reduction: The property has undergone a significant price reduction from $995,000 to $895,000, which may indicate initial overpricing or challenges in attracting buyers at the previous price point.
Tenant Occupancy Challenges: While beneficial for income, existing tenants can complicate the process for buyers who may wish to owner-occupy, extensively renovate, or re-tenant, especially given tenant protection laws in Los Angeles.
Limited Amenity Information: The property description lacks details on specific amenities, upgrades, or outdoor features, which could suggest a basic offering or require further investigation to assess overall value.