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7672 Whitsett Avenue, Los Angeles, California 90001, Los Angeles, 90001 - 6 bed, 4 bath

7672 Whitsett Avenue, Los Angeles, California 90001 home-pic-0
ACTIVE$750,000$1,520/sqft
7672 Whitsett Avenue, Los Angeles, California 90001
6Beds
4Baths
1,520Sqft
6,704Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Significant Income/Investment Opportunity: This property features two houses on one lot (duplex) with an ADU under construction, presenting an excellent opportunity for investors or owner-occupiers seeking substantial rental income potential.
Top Cons:
Incomplete ADU Project: The ADU is only framed, requiring significant additional capital investment, time, and project management from the buyer to complete construction and obtain final permits.

Compared to the nearby listings

Price:$750.0K vs avg $708.0K (+$42,000)73%
Size:1,520 sqft vs avg 1,320 sqft55%
Price/sqft:$493 vs avg $47855%

More Insights

Built in 1922 (104 years old).
Condition: The front house has been extensively and recently renovated, featuring new flooring throughout, modern recessed lighting, and updated ceiling fans. The kitchen boasts new white shaker-style cabinetry, contemporary countertops, and a stainless-steel sink, along with a built-in wine refrigerator. Both bathrooms are fully updated with modern tiling and fixtures. While the original structure dates back to 1922, the primary dwelling unit presents as virtually new, meeting current quality standards with no apparent deferred maintenance. The incomplete ADU is a separate project and does not detract from the excellent condition of the main, livable residence.
Year Built
1922
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$493
HOA
-
Days on market
-
Sold On
-
MLS number
PW25281919
Home ConditionExcellent
Features
View-

About this home

Two houses on a lot, located in the Unincorporated Area in the County of Los Angeles, presents an excellent opportunity for an investor or builder looking to complete a partially finished project. The front house has been updated and offers 4 bedrooms and 2 bathrooms, including a primary bedroom with a private ensuite bathroom. Interior upgrades include new flooring throughout, recessed lighting, ceiling fans, and an inside laundry closet. The kitchen features new white shaker-style cabinetry, new countertops, recessed lighting, and a stainless-steel sink. The layout provides ample cabinet and counter space, along with a built-in wine refrigerator for added convenience. The rear ADU is currently under construction and is in the framing stage only, offering additional upside for the right buyer. The property offers convenient access to public transportation and is just minutes from Huntington Park’s Pacific Avenue. Centrally located near major freeways including the 110, 105, 10, and 405, with easy access to Downtown Los Angeles, SoFi Stadium, LAX, and USC.

T
Theresa La Roche
Listing Agent

Price History

Date
Event
Price
05/24/24
Sold
$594,000
Condition Rating
Excellent
The front house has been extensively and recently renovated, featuring new flooring throughout, modern recessed lighting, and updated ceiling fans. The kitchen boasts new white shaker-style cabinetry, contemporary countertops, and a stainless-steel sink, along with a built-in wine refrigerator. Both bathrooms are fully updated with modern tiling and fixtures. While the original structure dates back to 1922, the primary dwelling unit presents as virtually new, meeting current quality standards with no apparent deferred maintenance. The incomplete ADU is a separate project and does not detract from the excellent condition of the main, livable residence.
Pros & Cons

Pros

Significant Income/Investment Opportunity: This property features two houses on one lot (duplex) with an ADU under construction, presenting an excellent opportunity for investors or owner-occupiers seeking substantial rental income potential.
Updated Front House: The primary 4-bedroom, 2-bathroom front unit is move-in ready, boasting modern upgrades including new flooring, recessed lighting, ceiling fans, an updated kitchen with shaker cabinetry, and a private ensuite primary bathroom.
Strategic Los Angeles Location: Centrally located with convenient access to major freeways (110, 105, 10, 405), public transportation, Downtown LA, SoFi Stadium, LAX, and USC, enhancing rental demand and long-term appreciation.
ADU Value-Add Potential: The rear ADU, currently in the framing stage, offers substantial upside for a buyer to complete, significantly increasing the property's overall value and potential rental income.
Generous Lot Size: A 6,704 sqft lot provides ample space for two structures and potential for outdoor amenities, a valuable asset in the Los Angeles urban market.

Cons

Incomplete ADU Project: The ADU is only framed, requiring significant additional capital investment, time, and project management from the buyer to complete construction and obtain final permits.
Older Property (1922): Despite updates to the front house, the original structure dates back to 1922, which may imply potential for underlying infrastructure issues (e.g., plumbing, electrical, foundation) not explicitly addressed, and potentially higher long-term maintenance costs.
Unincorporated Area Complexity: Located in an unincorporated area of Los Angeles County, which might involve different or potentially more complex permitting, zoning, and regulatory processes compared to properties within city limits.
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