5710 Ruthelen, Los Angeles, California 90062, Los Angeles, 90062 - bed, bath
ACTIVE$900,000$1,728/sqft
5710 Ruthelen, Los Angeles, California 90062
0Bed
0Bath
1,728Sqft
6,333Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property features two separate 2-bedroom, 1-bathroom units, providing immediate dual rental income streams or owner-occupancy with supplemental income.
Top Cons:
Historic Property Age (1924): Built in 1924, the property likely requires substantial updates to systems (plumbing, electrical) and interiors to meet modern standards and tenant expectations, incurring significant renovation costs.
Compared to the nearby listings
Price:$900.0K vs avg $900.0K (+$0)50%
Size:1,728 sqft vs avg 2,178 sqft29%
Price/sqft:$521 vs avg $44071%
More Insights
Built in 1924 (102 years old).
Condition: Built in 1924, this property has received cosmetic updates in the kitchens and bathrooms (likely within the last 10-20 years) with newer appliances, cabinets, and fixtures. However, the listing's own analysis highlights that due to its age, the property 'likely requires substantial updates to systems (plumbing, electrical) and interiors to meet modern standards and tenant expectations, incurring significant renovation costs.' This indicates that while visually refreshed, major underlying systems are likely outdated and require significant rehabilitation, aligning with the 'Poor' condition criteria.
Year Built
1924
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$521
HOA
-
Days on market
-
Sold On
-
MLS number
RS26009970
Home ConditionPoor
Features
Patio
View-
About this home
Great investment opportunity in the City of Los Angeles! This well-located 2-unit property features two separate units, each offering 2 bedrooms and 1 bathroom. Situated on a large lot, the property provides potential for future expansion or additional value (buyer to verify). Conveniently located near the LA Memorial Coliseum, Downtown Los Angeles, SoFi Stadium, and LAX, with easy access to major freeways, shopping, dining, and public transportation. Ideal for owner-users or investors seeking strong rental potential in a high-demand area.
L
Luis Flores
Listing Agent
Price History
Date
Event
Price
03/31/00
Sold
$116,000
09/23/16
Sold
$440,000
12/10/01
Sold
$200,000
Condition Rating
Poor
Built in 1924, this property has received cosmetic updates in the kitchens and bathrooms (likely within the last 10-20 years) with newer appliances, cabinets, and fixtures. However, the listing's own analysis highlights that due to its age, the property 'likely requires substantial updates to systems (plumbing, electrical) and interiors to meet modern standards and tenant expectations, incurring significant renovation costs.' This indicates that while visually refreshed, major underlying systems are likely outdated and require significant rehabilitation, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Income-Generating Duplex: The property features two separate 2-bedroom, 1-bathroom units, providing immediate dual rental income streams or owner-occupancy with supplemental income.
Strategic Los Angeles Location: Highly desirable location near major attractions like LA Memorial Coliseum, SoFi Stadium, Downtown LA, and LAX, ensuring strong tenant demand and potential for appreciation.
Excellent Accessibility: Easy access to major freeways, public transportation, shopping, and dining, enhancing convenience for residents and attracting a wider tenant pool.
Significant Lot Size for Expansion: A generous 6,333 sqft lot offers potential for future expansion, adding value, or exploring additional development opportunities (subject to buyer verification).
Broad Market Appeal: Positioned as ideal for both owner-users and investors, broadening the potential buyer pool and indicating strong market interest in a high-demand area.
Cons
Historic Property Age (1924): Built in 1924, the property likely requires substantial updates to systems (plumbing, electrical) and interiors to meet modern standards and tenant expectations, incurring significant renovation costs.
Uncertain Expansion Feasibility: While a large lot offers potential, the 'buyer to verify' clause for expansion indicates that feasibility, zoning, and permitting are not confirmed, posing a risk and requiring extensive due diligence.
Potential for Deferred Maintenance: The description focuses on investment potential rather than recent upgrades, suggesting the property may have accumulated deferred maintenance and outdated finishes, impacting immediate rental value or requiring capital expenditure.