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707 Camulos Street 3, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath

707 Camulos Street 3, Los Angeles, California 90023 home-pic-0
ACTIVE$875,000
707 Camulos Street 3, Los Angeles, California 90023
0Bed
0Bath
2,580Sqft
5,791Lot
Year Built
1924
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$339
HOA
-
Days on market
-
Sold On
-
MLS number
DW25007051
Home ConditionFair
Features
Good View:
View

About this home

We found 3 Cons,5 Pros. Rank: price - $875.0K(77th), sqft - 2580(69th), beds - undefined(50th), baths - undefined(50th).

Great investment opportunities. three unit's total. Two units are occupied with tenants. unit upstairs two-bedroom one bathroom is completely remodeled. With Laundry room connections Ready for buyer to move in. The front house 707 It's a three-bedroom, one bath. Craftsman styles. with lots of great original features. With extra storage. Fireplace in the living room. with its own laundry room. Second unit 711 is in the back downstairs one bedroom, one bath Spacious living rooms with dining space and built in China. Cabinets. Private entry. Each unit has his own laundry connection. Gas, electricity. Property provider covers water and insurance for the building. Units fall under city overlay rental restrictions. no shortage of areas to get out and play. at the Boyle Heights Sports Center and Park Evergreen Recreation Center, holding back skate park community center. The new 6th Street Bridge Park are all nearby for local entertainment. Mariachi Plaza close by and so many art exhibits are within a short drive away. Lastly, just minutes away from USC Medical Center, and views to downtown LA, Views to the dodger's stadium. Don't let this one pass you By.

Price History

Date
Event
Price
06/05/24
Sold
$615,000
Condition Rating
Fair
The property, built in 1924, is a triplex with mixed conditions. While one upstairs unit has been 'completely remodeled' with modern kitchen cabinets, quartz countertops, new flooring, and a contemporary bathroom (as seen in the images), the other two units are described as having 'Craftsman styles' and 'original features' including 'built in China. Cabinets.' This indicates that these units are likely dated and have not undergone recent extensive renovations. The exterior also reflects an older, maintained property rather than a recently updated one. Given the property's age and the partial nature of the renovations (one excellent unit, two likely dated units), the overall condition averages out to 'Fair,' suggesting it is aged but maintained, with major components functional but showing signs of being outdated in most parts.
Pros & Cons

Pros

Income-Generating Triplex: The property consists of three units, with two currently occupied by tenants, offering immediate rental income and strong investment potential.
Mix of Remodeled & Classic Units: Features a recently remodeled two-bedroom unit ready for occupancy, alongside a three-bedroom Craftsman-style unit with original charm and features, appealing to diverse tenant preferences.
Individual Unit Utilities & Laundry: Each unit benefits from separate gas and electricity connections, as well as individual laundry hookups, enhancing tenant convenience and simplifying landlord utility management.
Vibrant Neighborhood Amenities: Located near Boyle Heights Sports Center, Evergreen Recreation Center, the new 6th Street Bridge Park, Mariachi Plaza, art exhibits, and USC Medical Center, providing a rich array of local entertainment, services, and employment opportunities.
Desirable Urban Views: Offers appealing views of Downtown Los Angeles and Dodger Stadium, adding aesthetic value and market desirability to the property.

Cons

Age of Property & Potential Maintenance: Built in 1924, the property's age suggests potential for significant deferred maintenance, outdated systems, and higher ongoing upkeep costs compared to newer constructions.
City Overlay Rental Restrictions: Units fall under city overlay rental restrictions, which can limit rent increases, tenant selection flexibility, and overall landlord control over the units.
Owner-Covered Operating Costs: The property owner is responsible for covering water and building insurance for all units, which adds to ongoing operating expenses and can impact net rental income.

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