839 W 69th Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$1,099,000
839 W 69th Street, Los Angeles, California 90044
0Bed
0Bath
1,799Sqft
7,154Lot
Year Built
1929
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$611
HOA
-
Days on market
-
Sold On
-
MLS number
DW25052673
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.10M(88th), sqft - 1799(34th), beds - undefined(50th), baths - undefined(50th).
"CASH COW" income property that actually creates income. 4 units ready for a new owner to add to portfolio.
Nearby schools
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.1mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.2mi
3/10
Sixty-First Street Elementary School
Public,•K-6•0.6mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.7mi
3/10
Budlong Avenue Elementary School
Public,•K-5•0.8mi
5/10
Estrella Elementary School
Public,•K-5•1.3mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.3mi
2/10
Main Street Elementary School
Public,•K-5•1.4mi
2/10
Western Avenue Elementary School
Public,•K-5•1.6mi
2/10
John Muir Middle School
Public,•6-8•0.7mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•0.9mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.7mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.1mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.6mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•3.1mi
5/10
Santee Education Complex
Public,•9-12•3.8mi
9/10
Middle College High School
Public,•9-12•4.1mi
Price History
Date
Event
Price
02/13/23
Sold
$570,000
02/28/20
Sold
$660,000
07/05/17
Sold
$515,000
08/27/15
Sold
$304,000
10/24/07
Sold
$45,000
Condition Rating
Poor
Built in 1929, this property is nearly a century old. The exterior images reveal significant wear, discolored stucco, security bars, and general neglect, indicating substantial deferred maintenance. With no interior photos provided, and considering the property's age and exterior condition, it's highly probable that the kitchens, bathrooms, and other interior components are original or very outdated (likely 30-50+ years old) and require extensive rehabilitation. The property analysis also highlights its 'Advanced Age' and 'potential for significant deferred maintenance, outdated infrastructure'. While described as an income-generating quadruplex, it likely requires substantial repairs and rehabilitation to improve its condition and appeal.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Strong Income Potential: Explicitly described as a 'CASH COW' income property with 4 units, indicating a robust revenue stream and immediate portfolio addition for investors.
Multi-Unit Investment: As a quadruplex, the property offers diversified income streams, which can reduce risk and provide greater stability compared to single-family rentals.
Desirable Los Angeles Market: Located in Los Angeles, a high-demand metropolitan area known for strong rental markets and potential for long-term property value appreciation.
Generous Lot Size: The 7,154 sqft lot provides potential for future expansion, additional dwelling units (ADUs) if zoning permits, or enhanced outdoor amenities for tenants.
Proximity to Schools: The property is located very close to several elementary schools, including Sixty-Eighth Street Elementary (rated 4) and Gerald A. Lawson Academy (0.09 miles away), which can be attractive to families.
Cons
Advanced Age of Property: Built in 1929, the property is nearly a century old, suggesting potential for significant deferred maintenance, outdated infrastructure (plumbing, electrical), and higher ongoing repair costs.
Significant Price Appreciation Since Last Sale: The listing price of $1.099M represents a nearly 93% increase from its last sale price of $570,000 in February 2023, which may indicate an aggressive valuation or require substantial, unmentioned improvements to justify.
Small Total Square Footage for Multiple Units: With 1,799 total square feet distributed across four units, individual unit sizes are likely compact, potentially limiting tenant appeal or achievable rental rates for larger households.