736 N Breed Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

736 N Breed Street, Los Angeles, California 90033 home-pic-0
ACTIVE$645,000
736 N Breed Street, Los Angeles, California 90033
0Bed
0Bath
1,105Sqft
2,016Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Duplex: Established residential income property with two units and long-term tenants, offering immediate cash flow and investment stability.
Top Cons:
Rent Control (RSO Property): Subject to the City of Los Angeles Rent Stabilization Ordinance, which limits rent increases and tenant management flexibility, potentially impacting income growth.

Compared to the nearby listings

Price:$645.0K vs avg $727.5K ($-82,500)38%
Size:1,105 sqft vs avg 1,997 sqft13%
Price/sqft:$584 vs avg $37988%

More Insights

Built in 1924 (101 years old).
Condition: While the exterior of this 1924-built duplex was substantially renovated in 2019, there are no interior photos provided, making it impossible to assess the condition of the kitchens, bathrooms, and other interior components. The description explicitly states that the lower, unpermitted space had its bathroom and pantry kitchen installations removed 15 years ago, indicating a significant need for rehabilitation in that area. The visible electrical meter panel also appears dated. Given the property's age, the lack of interior renovation details, and the explicit need for major interior work in at least one unit, it's highly probable that the main units' interiors, especially kitchens and bathrooms, are significantly outdated and require substantial repairs and rehabilitation to meet modern standards. The exterior renovation alone does not elevate the overall condition beyond 'poor' when critical interior elements are likely in disrepair or severely outdated.
Year Built
1924
Close
-
List price
$645K
Original List price
$645K
Price/Sqft
$584
HOA
-
Days on market
-
Sold On
-
MLS number
JT25237911
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights

About this home

Stylish Spanish duplex in Boyle Heights. Corner location with curb appeal. Property exterior was substantially renovated in 2019 with new windows, exterior doors, new stucco, exterior paint, and landscape upgrades. Each unit is situated above grade over a space that could be a third unit facing Barlow Street (see below). Units have long term tenants. Corner unit has views of downtown Los Angeles and is 1 bedroom plus a den and 1 bath. The second unit is a 1 bedrom plus 1 bath. Each unit has separate water, gas, and electric meters. A third electric meter serves as a house meter (currently inactive). Full property address is 736 & 738 N Breed Street. Lower space facing Barlow Street was tenant occupied for many years. This mostly built-out yet unpermitted space was vacated roughly 15 years ago. The bathroom and pantry kitchen installations were removed. Possible ADU or creative use - buyer to confirm zoning, use possibilities, and perform all due diligence and feasibility studies at its own expense. RSO property subject to City of Los Angeles Rent Control. Capital Improvement Surcharge in place as processed through LAHD. Rents are actual. Owner expense are property taxes and insurance. Tenants pay all utilities and grounds maintenance. Buyer to perform its own pro forma income and expense analysis.

Price History

Date
Event
Price
04/03/19
Sold
$320,000
Condition Rating
Poor

While the exterior of this 1924-built duplex was substantially renovated in 2019, there are no interior photos provided, making it impossible to assess the condition of the kitchens, bathrooms, and other interior components. The description explicitly states that the lower, unpermitted space had its bathroom and pantry kitchen installations removed 15 years ago, indicating a significant need for rehabilitation in that area. The visible electrical meter panel also appears dated. Given the property's age, the lack of interior renovation details, and the explicit need for major interior work in at least one unit, it's highly probable that the main units' interiors, especially kitchens and bathrooms, are significantly outdated and require substantial repairs and rehabilitation to meet modern standards. The exterior renovation alone does not elevate the overall condition beyond 'poor' when critical interior elements are likely in disrepair or severely outdated.
Pros & Cons

Pros

Income-Generating Duplex: Established residential income property with two units and long-term tenants, offering immediate cash flow and investment stability.
Extensive Exterior Renovation: Substantial 2019 upgrades including new windows, exterior doors, stucco, paint, and landscaping, significantly enhancing curb appeal and reducing immediate maintenance needs.
ADU/Expansion Potential: An unpermitted lower space offers significant opportunity for conversion into a third unit or creative use, adding future value and income potential.
Separate Utilities & Low Owner Expenses: Each unit features separate water, gas, and electric meters, with tenants responsible for utilities and grounds maintenance, minimizing owner's operational costs.
Desirable Corner Lot with City Views: Prominent corner location with good curb appeal, and the corner unit boasts attractive downtown Los Angeles city views.

Cons

Rent Control (RSO Property): Subject to the City of Los Angeles Rent Stabilization Ordinance, which limits rent increases and tenant management flexibility, potentially impacting income growth.
Unpermitted Lower Space: The potential third unit is unpermitted, requiring extensive buyer due diligence, investment, and permitting processes to legalize, adding cost and risk.
Long-Term Tenants & Occupancy Challenges: While providing stable income, long-term tenants under rent control can make it challenging to adjust rents to market rates or for an owner-occupant to move in.

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