5838 Allston, Los Angeles, California 90022, Los Angeles, 90022 - 6 bed, 4 bath
ACTIVE$1,199,000
5838 Allston, Los Angeles, California 90022
6Beds
4Baths
3,032Sqft
5,653Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Quadruplex: This is a remarkable 4-unit multi-family asset, offering significant rental income potential and an excellent opportunity for investors, including 1031 exchanges.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5653, other record lot size in square feet = 5521. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 8.
Compared to the nearby listings
Price:$1.20M vs avg $820.0K (+$379,000)94%
Size:3,032 sqft vs avg 1,994 sqft82%
Price/sqft:$395 vs avg $40147%
More Insights
Built in 1955 (70 years old).
Condition: Despite being built in 1955, the property has undergone extensive and recent renovations, as confirmed by the listing description and images. The kitchens feature modern white shaker cabinets, quartz countertops, new black fixtures, and new (though basic) appliances. Bathrooms are similarly updated with contemporary marble-look tile, new vanities, and black hardware. Recessed lighting and updated flooring are present throughout the units, indicating a high standard of recent refurbishment. The exterior also appears freshly updated, making the units virtually new in terms of interior quality and style.
Year Built
1955
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$395
HOA
-
Days on market
-
Sold On
-
MLS number
RS25264835
Home ConditionExcellent
Features
View-
About this home
Remarkable 4-Unit Multi-family Asset located in a highly Desirable Investment Area. Fenced corner lot featuring private yard space, detached garages, close to the famous citadel outlets and all major freeways. Units fully updated, custom kitchens, recessed lighting, stone bathrooms with custom tile design, so many details the owner truly didn't overlook any detail. This is a Great Investment and 1031 Exchange Opportunity that you don't want to miss! This Amazing 4 Units Quadruplex consists of: 2x (2 beds & 1 bath) and 2x (1 bed & 1 bath). The property also includes a private Laundry room, separate Meters, and a Detached 4-Car Garage.
Price History
Date
Event
Price
12/31/24
Sold
$850,000
Condition Rating
Excellent
Despite being built in 1955, the property has undergone extensive and recent renovations, as confirmed by the listing description and images. The kitchens feature modern white shaker cabinets, quartz countertops, new black fixtures, and new (though basic) appliances. Bathrooms are similarly updated with contemporary marble-look tile, new vanities, and black hardware. Recessed lighting and updated flooring are present throughout the units, indicating a high standard of recent refurbishment. The exterior also appears freshly updated, making the units virtually new in terms of interior quality and style.
Pros & Cons
Pros
Income-Generating Quadruplex: This is a remarkable 4-unit multi-family asset, offering significant rental income potential and an excellent opportunity for investors, including 1031 exchanges.
Extensively Updated Interiors: All units are fully updated with custom kitchens, recessed lighting, and stone bathrooms with custom tile design, minimizing immediate renovation costs and attracting quality tenants.
Tenant-Friendly Amenities: The property features private yard space, a private laundry room, and separate meters for each unit, enhancing tenant satisfaction and simplifying property management.
Ample Parking & Storage: A detached 4-car garage provides valuable parking and storage solutions, a significant advantage for both tenants and property value in Los Angeles.
Strategic Location: Situated in a highly desirable investment area, close to the famous Citadel Outlets and all major freeways, ensuring strong tenant demand and convenient access.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5653, other record lot size in square feet = 5521. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 8.
Recently Sold Property: The property was recently sold within the past year on 2024-12-31. The sold price is $850,000.00.
Older Building Structure: Built in 1955, while units are updated, the age of the overall building structure and potentially some core systems might lead to higher long-term maintenance costs compared to newer constructions.
Lack of Views: The property explicitly states 'view: None,' which could be a disadvantage in a competitive market like Los Angeles where views often add significant value and appeal.
Undefined MLS Area: The MLS area is listed as '699 - Not Defined,' which might make market comparisons or understanding specific neighborhood dynamics more challenging for potential buyers or investors.