831 E 109th, Los Angeles, California 90059, Los Angeles, 90059 - bed, bath
ACTIVE$995,000
831 E 109th, Los Angeles, California 90059
0Bed
0Bath
3,074Sqft
5,805Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Newer Construction & Modern Finishes: Built in 2020, this contemporary duplex features quality finishes including granite countertops, solid wood cabinets, tile flooring, and dual pane vinyl windows, appealing to modern tenants.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3074, other record living area = 798.
Compared to the nearby listings
Price:$995.0K vs avg $767.0K (+$228,000)67%
Size:3,074 sqft vs avg 2,304.5 sqft58%
Price/sqft:$324 vs avg $32350%
More Insights
Built in 2020 (5 years old).
Condition: Built in 2020, this property is virtually new, featuring contemporary design and quality finishes such as granite countertops, solid wood cabinets, and tile flooring. The overall condition is excellent with no deferred maintenance. While the absence of central air conditioning is noted, it does not detract from the newness and high quality of the construction and materials.
Year Built
2020
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
$324
HOA
-
Days on market
-
Sold On
-
MLS number
NP25259158
Home ConditionExcellent
Features
View-
About this home
Welcome to an exceptional investment opportunity in the heart of Los Angeles. This newer built contemporary duplex has a front unit comprised of a 4-bedroom, 3-bath floor plan with an attached single-car garage, and a rear unit with 5-bedroom, 3-bath and a two-car garage. Each unit has an open-floor layout with large living spaces, quality finishes including granite countertops, solid wood cabinets, tile flooring, carpeted bedrooms, dual pane vinyl windows and forced heating throughout. There is low-maintenance artificial turf landscaping and secure gated access. Just minutes from major freeways and the nearby revitalized Downtown L.A. corridor. This property is not subject to rent control (the Los Angeles Rent Stabilization Ordinance.)
Price History
Date
Event
Price
02/01/21
Sold
$910,000
11/07/19
Sold
$350,000
09/04/19
Sold
$250,000
Condition Rating
Excellent
Built in 2020, this property is virtually new, featuring contemporary design and quality finishes such as granite countertops, solid wood cabinets, and tile flooring. The overall condition is excellent with no deferred maintenance. While the absence of central air conditioning is noted, it does not detract from the newness and high quality of the construction and materials.
Pros & Cons
Pros
Newer Construction & Modern Finishes: Built in 2020, this contemporary duplex features quality finishes including granite countertops, solid wood cabinets, tile flooring, and dual pane vinyl windows, appealing to modern tenants.
Exceptional Investment Opportunity: A well-configured duplex with a 4-bedroom, 3-bath unit and a 5-bedroom, 3-bath unit, each with dedicated parking, offering strong potential for residential income.
Rent Control Exemption: The property is not subject to the Los Angeles Rent Stabilization Ordinance, providing landlords with significant flexibility in rent adjustments and tenant management.
Strategic Location & Accessibility: Conveniently located just minutes from major freeways and the revitalized Downtown L.A. corridor, enhancing tenant appeal and commute options.
Low Maintenance & Security: Features low-maintenance artificial turf landscaping and secure gated access, reducing operational costs and increasing desirability for tenants.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3074, other record living area = 798.
Lack of Central Air Conditioning: Only forced heating is mentioned, implying the absence of central air conditioning, which can be a significant drawback for tenant comfort and marketability in Los Angeles' climate.
Carpeted Bedrooms: While comfortable, carpeted bedrooms in rental units can be less durable and harder to maintain than hard flooring, potentially leading to higher turnover costs or tenant preferences.
Specific Location Perception: Located in 'Metropolitan South' (South Los Angeles), which, despite proximity to Downtown LA, may present specific market perceptions or challenges for some tenants or investors compared to other submarkets.