734 E 112th Street, Los Angeles, California 90059, Los Angeles, 90059 - bed, bath
ACTIVE$675,000
734 E 112th Street, Los Angeles, California 90059
0Bed
0Bath
902Sqft
4,552Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property's duplex configuration allows for immediate rental income from one unit while occupying the other, or full rental income for investors, enhancing financial viability.
Top Cons:
Historic Property Age: Built in 1924, the property is 100 years old, likely necessitating significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general modernization.
Compared to the nearby listings
Price:$675.0K vs avg $740.0K ($-65,000)33%
Size:902 sqft vs avg 2,239 sqft17%
Price/sqft:$748 vs avg $33592%
More Insights
Built in 1924 (101 years old).
Condition: The property features a recently updated kitchen and bathroom with modern finishes, including shaker cabinets, stainless steel appliances, subway tile backsplash, and contemporary fixtures, making these key areas move-in ready. While the property was built in 1924, the visible renovations suggest a significant investment in modernization, likely within the last 5-15 years. However, given its age, potential buyers should anticipate that some major systems (e.g., plumbing, electrical, HVAC, roof) may still be older and require further inspection, even if currently functional. The overall impression from the images is clean, updated, and well-maintained in the visible areas.
Year Built
1924
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$748
HOA
-
Days on market
-
Sold On
-
MLS number
DW24183931
Home ConditionGood
Features
View-
About this home
Nice Los Angeles Duplex. Live in one and rent the other.
Price History
Date
Event
Price
06/09/23
Sold
$485,000
Condition Rating
Good
The property features a recently updated kitchen and bathroom with modern finishes, including shaker cabinets, stainless steel appliances, subway tile backsplash, and contemporary fixtures, making these key areas move-in ready. While the property was built in 1924, the visible renovations suggest a significant investment in modernization, likely within the last 5-15 years. However, given its age, potential buyers should anticipate that some major systems (e.g., plumbing, electrical, HVAC, roof) may still be older and require further inspection, even if currently functional. The overall impression from the images is clean, updated, and well-maintained in the visible areas.
Pros & Cons
Pros
Income-Generating Duplex: The property's duplex configuration allows for immediate rental income from one unit while occupying the other, or full rental income for investors, enhancing financial viability.
Prime Los Angeles Location: Situated in Los Angeles, the property benefits from high rental demand and strong potential for long-term appreciation in a major metropolitan market.
Generous Lot Size: A 4,552 sqft lot provides ample outdoor space, offering potential for landscaping, outdoor amenities, or future expansion like an Accessory Dwelling Unit (ADU), subject to zoning.
Investment Opportunity: As a residential income property, it presents a compelling investment opportunity for cash flow, portfolio diversification, and wealth accumulation.
Recent Value Appreciation Potential: The significant increase in list price since the June 2023 sale suggests either substantial market appreciation or recent value-add improvements, indicating potential for strong returns.
Cons
Historic Property Age: Built in 1924, the property is 100 years old, likely necessitating significant capital expenditures for system upgrades (plumbing, electrical, HVAC) and general modernization.
Compact Living Spaces: With a total of 902 sqft for two units, the individual living areas are quite small, which may limit tenant appeal or owner-occupant comfort and functionality.
Aggressive Pricing Strategy: The current list price of $675,000 is a substantial increase from the $485,000 sale just over a year ago, potentially indicating an aggressive valuation that may require strong justification or negotiation.