7914 7916 Beach Street 2, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath
ACTIVE$760,000
7914 7916 Beach Street 2, Los Angeles, California 90001
0Bed
0Bath
1,768Sqft
5,353Lot
Year Built
1961
Close
-
List price
$760K
Original List price
$760K
Price/Sqft
$430
HOA
-
Days on market
-
Sold On
-
MLS number
DW25101245
Home ConditionPoor
Features
Good View: City Lights, Neighborhood, Trees/Woods
ViewCity Lights,Neighborhood,Trees/Woods
About this home
We found 3 Cons,5 Pros. Rank: price - $760.0K(64th), sqft - 1768(86th), beds - undefined(50th), baths - undefined(50th).
Beautiful Duplex 2-Units Each unit has 2 Bedrooms and 1 bath, the back unit parking entrance is thru the alley, there is large carport located in the back of the property it can fit up to 4 cars. The property is located in a great area near schools, shopping centers, Metro transportation and is in walking distance to the beautiful Roosevelt Park. Front unit is tenant occupied back unit is vacant it has a combo lock box.
Price History
Date
Event
Price
10/28/09
Sold
$160,000
06/07/06
Sold
$550,000
Condition Rating
Poor
Built in 1961, this property is over 60 years old with no indication of recent major renovations. The AI analysis explicitly states it 'may require significant updates to its systems (e.g., plumbing, electrical, HVAC) and aesthetics to meet modern standards.' The exterior image shows a dated appearance with visible wear on the stucco and roof. The absence of interior photos, especially for key areas like the kitchen and bathrooms, strongly suggests these areas are severely outdated and likely require substantial rehabilitation to meet modern living standards. This aligns with the 'poor' condition criteria, indicating major components require repair or replacement.
Pros & Cons
Pros
Income-Generating Asset: As a duplex with one unit already tenant-occupied, the property offers immediate rental income and strong investment potential for buyers seeking cash flow.
Prime Location & Accessibility: Located in a 'great area' with convenient access to schools, shopping centers, Metro transportation, and within walking distance to Roosevelt Park, enhancing its desirability and tenant appeal.
Ample Parking: The property boasts a large carport capable of accommodating up to 4 cars, a significant and valuable amenity in a dense urban market like Los Angeles.
Versatile Occupancy: With the back unit currently vacant, it provides flexibility for an owner-occupant to live in one unit while renting the other, or for an investor to select a new tenant at current market rates.
Desirable Views: The property offers 'City Lights, Neighborhood, Trees/Woods' views, contributing to its aesthetic appeal and potentially enhancing its market value.
Cons
Property Age & Potential for Updates: Built in 1961, the property may require significant updates to its systems (e.g., plumbing, electrical, HVAC) and aesthetics to meet modern standards, implying potential future capital expenditure for a buyer.
Limited Bathroom Count: Each unit features only one bathroom, which could be a drawback for some tenants or future buyers, potentially limiting market appeal compared to units with more bathrooms.
Alley Access for Parking: While providing parking, the back unit's entrance via an alley might be perceived as less convenient or secure by some occupants compared to direct street access.