5621 Carlota Boulevard, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath
ACTIVE$999,000
5621 Carlota Boulevard, Los Angeles, California 90042
0Bed
0Bath
2,583Sqft
10,279Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Income Potential: This multi-family triplex, including an additional converted living unit, offers significant rental income opportunities, making it ideal for investors or owner-occupants.
Top Cons:
Existing Tenant Occupancy: Two units (one duplex unit and the converted garage) are currently occupied, which may complicate immediate owner-occupancy plans or require careful management for investors planning unit turnovers or extensive renovations.
Compared to the nearby listings
Price:$999.0K vs avg $1.05M ($-51,000)38%
Size:2,583 sqft vs avg 2,011 sqft69%
Price/sqft:$387 vs avg $55115%
More Insights
Built in 1951 (74 years old).
Condition: The property, built in 1951, is aged, but the main house and one duplex unit have been 'freshly updated' with new laminate flooring, paint, and refreshed kitchens featuring painted older cabinets, new countertops, and newer appliances. However, the updates appear to be cosmetic and not a full renovation of all units or major systems. The presence of window AC units, older exterior, and lack of central air suggest that while some parts are move-in ready, the overall property and its underlying systems show signs of being outdated and may require further attention or updates beyond the cosmetic refreshes.
Year Built
1951
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$387
HOA
-
Days on market
-
Sold On
-
MLS number
P1-22510
Home ConditionFair
Features
Patio
View-
About this home
This unique multi-family Highland Park triplex in northeast LA is ideal for an owner/occupant oran investor. The main detached house features two bedrooms and one bath, a living room withdecorative fireplace, and a covered patio. A recently remodeled gated driveway offers two large parking spots. A detached duplex on the property contains two one-bedroom, one-bath units, one of them occupied. The main home and one of the duplex units include laundry facilities.The garage has been converted into another living quarters, also occupied. Both the mainhouse and vacant 1 bedroom unit have been freshly updated. There is carport parking with one space for each of the three secondary units. A great investment opportunity close to Downtown LA, Glendale, Pasadena, and Eagle Rock.
Price History
Date
Event
Price
09/07/18
Sold
$1,020,000
Condition Rating
Fair
The property, built in 1951, is aged, but the main house and one duplex unit have been 'freshly updated' with new laminate flooring, paint, and refreshed kitchens featuring painted older cabinets, new countertops, and newer appliances. However, the updates appear to be cosmetic and not a full renovation of all units or major systems. The presence of window AC units, older exterior, and lack of central air suggest that while some parts are move-in ready, the overall property and its underlying systems show signs of being outdated and may require further attention or updates beyond the cosmetic refreshes.
Pros & Cons
Pros
Strong Income Potential: This multi-family triplex, including an additional converted living unit, offers significant rental income opportunities, making it ideal for investors or owner-occupants.
Prime Northeast LA Location: Strategically situated in Highland Park, the property boasts excellent proximity to major employment and entertainment hubs like Downtown LA, Glendale, Pasadena, and Eagle Rock.
Recent Unit Updates: The main house and one vacant 1-bedroom unit have been freshly updated, reducing immediate renovation needs and enhancing tenant appeal.
Abundant Parking Solutions: Features a recently remodeled gated driveway with two large spots, plus individual carport parking for each of the three secondary units, a valuable asset in urban Los Angeles.
Flexible Ownership Model: The property is well-suited for both owner-occupants looking to offset mortgage costs with rental income and pure investors seeking a diversified income-generating asset.
Cons
Existing Tenant Occupancy: Two units (one duplex unit and the converted garage) are currently occupied, which may complicate immediate owner-occupancy plans or require careful management for investors planning unit turnovers or extensive renovations.
Unverified Garage Conversion: The garage has been converted into occupied living quarters, but the description does not specify its permitted status, potentially posing future compliance or legalization challenges.
Property Age & Potential Systems: Built in 1951, while some units are updated, the property's age suggests that underlying systems (e.g., plumbing, electrical) may be original or older, potentially requiring future capital expenditures.