7100 S Figueroa Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

7100 S Figueroa Street, Los Angeles, California 90003 home-pic-0
ACTIVE$800,000
7100 S Figueroa Street, Los Angeles, California 90003
0Bed
0Bath
2,180Sqft
6,002Lot
Year Built
1921
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$367
HOA
-
Days on market
-
Sold On
-
MLS number
OC25110764
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $800.0K(57th), sqft - 2180(67th), beds - undefined(50th), baths - undefined(50th).

This property is a large duplex rental built in approximately 1921. It consists of two units, each featuring two bedrooms and one bathroom. The total building area is 2,108 square feet. **Unit 7100**: - 2 bedrooms - 1 bathroom - Living room/lounge area - Spacious kitchen with room for a washing machine and dryer - Wall-mounted heating unit - Separate water heater located outside the property **Unit 7102**: - 2 bedrooms - 1 bathroom - Living room/lounge area - Large kitchen area - Washing machine and dryer located outside the property - Wall-mounted heating unit - Separate water heater located outside the property Additionally, there is a large communal area at the rear of the property, which includes extra storage. The property also features two single-car garages that are not attached to the building. This property can be purchase with any combination of the following properties. 317 East 80th Street, Los Angeles, CA 90003 (2 units), 714 East 48th Street, Los Angeles, CA 90011 (5 units), 831-833 West 97th Street, Los Angeles, CA 90044 (5 units), 949-955 West 82nd Street, Los Angeles, CA 90044 (6 units), 1160 East 47th Street, Los Angeles, CA 90011 (2 units), 2809 West 141 Place, Gardena, CA 90249 (6 units), 5846 Estrella Avenue, Los Angeles, CA 90044 (4 units), and 7100 South Figueroa, Los Angeles, CA 90003 (2 units).

Price History

Date
Event
Price
10/23/15
Sold
$375,000
09/26/05
Sold
$415,000
10/20/03
Sold
$250,000
01/03/00
Sold
$185,000
Condition Rating
Poor

Built in 1921, this property is over 100 years old with no indication of recent major renovations. The MLS description explicitly notes 'advanced age of property,' 'potential for significant deferred maintenance,' 'outdated systems (plumbing, electrical),' and 'higher capital expenditure requirements.' The lack of central cooling and the placement of water heaters, washing machines, and dryers outside the units further indicate a property that is uncomfortable and requires substantial rehabilitation. While no interior images are provided, the exterior image shows an aged structure with visible wear and security bars, consistent with a property needing significant updates to meet modern standards.
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex with two 2-bedroom, 1-bathroom units, offering immediate rental income potential or owner-occupancy with supplemental income.
Portfolio Acquisition Opportunity: This property can be purchased as part of a larger portfolio with other multi-unit properties, appealing to investors looking to scale their holdings.
Desirable Los Angeles Market: Located in Los Angeles, the property benefits from strong rental demand and potential for long-term appreciation in a major metropolitan area.
Functional Unit Layouts & Amenities: Each unit features a living room, spacious kitchen, wall-mounted heating, and separate water heaters, complemented by a communal area and two single-car garages.
Generous Lot Size: With a 6,002 sqft lot, there is ample outdoor space and potential for future enhancements or landscaping.

Cons

Advanced Age of Property: Built in 1921, the property is over 100 years old, suggesting potential for significant deferred maintenance, outdated systems (plumbing, electrical), and higher capital expenditure requirements.
Lack of Central Cooling System: Only wall-mounted heating units are mentioned, indicating the absence of a central air conditioning system, which can be a significant drawback for tenants in Los Angeles' climate.
Exterior Appliance Placement: Washing machines, dryers, and water heaters are located outside the units, which may be inconvenient for tenants and expose appliances to weather elements or security concerns.

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