628 E 76th Place, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath
ACTIVE$825,000
628 E 76th Place, Los Angeles, California 90001
0Bed
0Bath
1,386Sqft
5,738Lot
Year Built
1927
Close
-
List price
$825K
Original List price
$825K
Price/Sqft
$595
HOA
-
Days on market
-
Sold On
-
MLS number
CV25119023
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $825.0K(71th), sqft - 1386(57th), beds - undefined(50th), baths - undefined(50th).
Incredible opportunity to own an income-producing duplex in the heart of Los Angeles! features a spacious front unit with 3 bedrooms and 2 bathrooms, and a rear unit with 2 bedrooms and 1 bathroom — perfect for investors or owner-occupants looking to live in one and rent the other. The property sits on a generous lot with ample parking, including a long driveway and ally entrance for additional parking. Both units offer comfortable living spaces filled with natural light, and the location provides easy access to schools, shopping, dining, and major freeways. Don’t miss out on this versatile and high-potential property!
Nearby schools
3/10
Mckinley Avenue Elementary School
Public,•K-6•0.2mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•0.5mi
5/10
Wisdom Elementary School
Public,•K-6•0.5mi
3/10
South Park Elementary School
Public,•K-6•0.7mi
4/10
Sixty-Sixth Street Elementary School
Public,•K-6•0.7mi
5/10
Russell Elementary School
Public,•K-6•1.0mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.2mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•1.3mi
3/10
Sixty-First Street Elementary School
Public,•K-6•1.5mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•0.7mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.1mi
1/10
Charles Drew Middle School
Public,•6-8•1.1mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.5mi
3/10
John C. Fremont Senior High School
Public,•9-12•0.3mi
Price History
Date
Event
Price
08/21/96
Sold
$119,000
Condition Rating
Poor
Built in 1927, this property is nearly a century old. The images reveal extremely dated kitchens and bathrooms with original or very old fixtures, cabinetry, and flooring (red/terracotta tiles). Appliances appear old, and wall finishes in bathrooms show significant wear. The overall condition suggests a lack of major renovations in many decades, aligning with the 'Poor' criteria for properties built over 30 years ago with renovations over 30-50 years ago. It requires substantial repairs and rehabilitation, including likely updates to major systems (plumbing, electrical, HVAC) to meet modern living standards.
Pros & Cons
Pros
Income-Generating Potential: The property is an income-producing duplex, offering immediate rental income for investors or a valuable house-hacking opportunity for owner-occupants.
Prime Los Angeles Location: Situated in the 'heart of Los Angeles' with excellent access to schools, shopping, dining, and major freeways, enhancing desirability and potential appreciation.
Ample Parking: Features a generous lot with a long driveway and alley entrance, providing significant and valuable off-street parking options in a dense urban area.
Versatile Investment Opportunity: Appeals to a broad buyer pool, including pure investors seeking cash flow and owner-occupants looking to offset mortgage costs by renting one unit.
Natural Light: Both units are described as offering comfortable living spaces filled with natural light, contributing to a pleasant and inviting atmosphere.
Cons
Age of Property: Built in 1927, the property may require significant updates to major systems (plumbing, electrical, HVAC) and general modernization, potentially incurring substantial renovation costs.
Compact Unit Sizes: With a total of 1386 square feet for a 3-bedroom/2-bathroom unit and a 2-bedroom/1-bathroom unit, individual unit sizes are likely compact, which might limit appeal for buyers seeking more spacious living areas.
Undisclosed Condition of Interiors/Systems: The description does not mention any recent renovations or upgrades, suggesting the interiors and core systems might be original or dated, implying potential for deferred maintenance or immediate capital expenditure.