6510 S Figueroa, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$722,000
6510 S Figueroa, Los Angeles, California 90003
0Bed
0Bath
1,531Sqft
4,200Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: This property is an excellent investment opportunity, explicitly designed as a duplex with strong income potential, offering flexibility for owner-occupancy plus rental income or full rental.
Top Cons:
Shared Water Meter: The shared water meter means the landlord will likely incur water costs or need to implement a system for splitting the bill between tenants, which can be a management challenge and potential expense.
Compared to the nearby listings
Price:$722.0K vs avg $735.0K ($-13,000)48%
Size:1,531 sqft vs avg 1,783 sqft33%
Price/sqft:$472 vs avg $37579%
More Insights
Built in 1921 (104 years old).
Condition: Built in 1921, this property has undergone recent cosmetic updates, including modern laminate flooring, shaker-style kitchen cabinets, and updated bathroom fixtures. However, the kitchen appears incomplete with missing appliances (specifically a range) and inconsistent countertop materials (granite and quartz-like). While the interior looks fresh, the property's age suggests potential for significant deferred maintenance in major systems (plumbing, electrical, roof, foundation) that are not addressed by the visible updates. It is functional but requires minor updates (like kitchen appliances) and has an aged infrastructure.
Year Built
1921
Close
-
List price
$722K
Original List price
$722K
Price/Sqft
$472
HOA
-
Days on market
-
Sold On
-
MLS number
SR25270685
Home ConditionFair
Features
Patio
View-
About this home
Beautifully Maintained Duplex in Prime Los Angeles Location! Excellent investment opportunity with this well-kept duplex offering strong income potential. The front unit features a spacious 3-bedroom, 1-bathroom layout complete with convenient washer/dryer hookups. The rear unit offers a comfortable 2-bedroom, 1-bathroom floor plan with direct access to a private backyard, perfect for outdoor enjoyment. Each unit has separate electrical panels, gas meters and water heaters. Water meter is shared. Whether you're looking to expand your investment portfolio or live in one unit while renting out the other, this property delivers flexibility, functionality, and long-term value. Easy access to the 110, 10 and 105 freeways.
Price History
Date
Event
Price
03/29/96
Sold
$85,000
11/16/21
Sold
$590,000
12/07/16
Sold
$430,000
03/16/16
Sold
$200,000
Condition Rating
Fair
Built in 1921, this property has undergone recent cosmetic updates, including modern laminate flooring, shaker-style kitchen cabinets, and updated bathroom fixtures. However, the kitchen appears incomplete with missing appliances (specifically a range) and inconsistent countertop materials (granite and quartz-like). While the interior looks fresh, the property's age suggests potential for significant deferred maintenance in major systems (plumbing, electrical, roof, foundation) that are not addressed by the visible updates. It is functional but requires minor updates (like kitchen appliances) and has an aged infrastructure.
Pros & Cons
Pros
Income-Generating Duplex: This property is an excellent investment opportunity, explicitly designed as a duplex with strong income potential, offering flexibility for owner-occupancy plus rental income or full rental.
Separate Utility Metering (Partial): Each unit benefits from separate electrical panels, gas meters, and water heaters, significantly reducing landlord utility burden and simplifying tenant billing for these essential services.
Prime Los Angeles Location & Accessibility: Situated in a 'Prime Los Angeles Location' with 'Easy access to the 110, 10 and 105 freeways,' enhancing tenant appeal, potential rental rates, and long-term property value.
Well-Maintained Condition: Described as 'Beautifully Maintained' and 'well-kept,' suggesting the property is in good condition and may require fewer immediate capital expenditures for a new owner.
Desirable Unit Features: The property offers a spacious 3-bedroom unit with convenient washer/dryer hookups and a 2-bedroom unit with direct access to a private backyard, appealing to a broad tenant base.
Cons
Shared Water Meter: The shared water meter means the landlord will likely incur water costs or need to implement a system for splitting the bill between tenants, which can be a management challenge and potential expense.
Age of Property (1921): Built in 1921, while well-maintained, the property's age suggests potential for aging infrastructure (e.g., plumbing, electrical wiring beyond panels, roof, foundation) that may require significant capital expenditures in the future.
Lack of Mentioned Parking/Cooling: The description does not specify dedicated parking, which is a common tenant requirement in Los Angeles, nor does it mention a cooling system, which could be a drawback for tenants in warmer months.