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8449 S Main, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

8449 S Main, Los Angeles, California 90003 home-pic-0
ACTIVE$699,999$1,192/sqft
8449 S Main, Los Angeles, California 90003
0Bed
0Bath
1,192Sqft
5,041Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income-Generating Duplex: A well-established duplex with two separate, independently metered units, offering immediate rental income and operational efficiency.
Top Cons:
Regulatory Constraints: The property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), which may limit rent increases and tenant management flexibility.

Compared to the nearby listings

Price:$700.0K vs avg $725.0K ($-25,001)42%
Size:1,192 sqft vs avg 1,680 sqft13%
Price/sqft:$587 vs avg $38891%

More Insights

Built in 1925 (101 years old).
Condition: The property was built in 1925, making it nearly 100 years old. While the exterior images show a functional, albeit aged, structure with some general wear and tear (e.g., cracked concrete, security bars), there are no interior photos provided for the kitchen or bathrooms. Given the property's age and the absence of any mention of recent extensive renovations, it is highly probable that the kitchens and bathrooms are significantly outdated in terms of style, features, and appliances. The listing description itself notes 'Property Age & Condition' as a weakness, implying potential for deferred maintenance or the need for updates to major systems. The property is tenant-occupied, indicating it is livable, but it likely requires minor to substantial updates to meet current quality standards and appeal, particularly in the key areas of kitchen and bathroom.
Year Built
1925
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$587
HOA
-
Days on market
-
Sold On
-
MLS number
CV26000121
Home ConditionFair
Features
Good View: City Lights, Neighborhood
Patio
ViewCity Lights,Neighborhood

About this home

Welcome to 8449 S Main Street, Los Angeles — a well-established duplex in the heart of South Los Angeles offering two separate units, each with it's own address, private entrance, and separately metered utilities. This configuration provides operational efficiency and flexibility for long-term ownership. Do not miss out on this great Opportunity! Each unit features a functional 1-bedroom, 1-bath layout with a spacious living area, kitchen with dining space, and in-unit laundry. The mirrored floor plan offers privacy between units and supports long-term tenant retention. The property is tenant-occupied and will be delivered with tenants in place. It is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO). Buyers are encouraged to conduct their own due diligence and verify all information with the City. Situated on a large lot, the property offers additional space that may allow for the development of a third unit, providing potential future value-add. Centrally located near major streets, public transportation, shopping, and freeway access, the property benefits from strong and consistent rental demand. An excellent opportunity for investors seeking a long-term hold, a 1031 exchange, or an income-producing asset with development upside.

K
Karen Zapien Nunez
Listing Agent

Price History

Date
Event
Price
02/17/16
Sold
$293,500
07/17/12
Sold
$115,000
12/16/05
Sold
$396,000
06/14/02
Sold
$105,000
Condition Rating
Fair
The property was built in 1925, making it nearly 100 years old. While the exterior images show a functional, albeit aged, structure with some general wear and tear (e.g., cracked concrete, security bars), there are no interior photos provided for the kitchen or bathrooms. Given the property's age and the absence of any mention of recent extensive renovations, it is highly probable that the kitchens and bathrooms are significantly outdated in terms of style, features, and appliances. The listing description itself notes 'Property Age & Condition' as a weakness, implying potential for deferred maintenance or the need for updates to major systems. The property is tenant-occupied, indicating it is livable, but it likely requires minor to substantial updates to meet current quality standards and appeal, particularly in the key areas of kitchen and bathroom.
Pros & Cons

Pros

Income-Generating Duplex: A well-established duplex with two separate, independently metered units, offering immediate rental income and operational efficiency.
Development Potential: Situated on a large 5,041 sqft lot, the property offers significant potential for adding a third unit (ADU), enhancing future income and property value.
Desirable Location: Centrally located in South Los Angeles, benefiting from proximity to major streets, public transportation, shopping, and freeway access, ensuring strong and consistent rental demand.
Operational Efficiency: Each unit features its own address, private entrance, and separately metered utilities, providing operational efficiency and enhanced privacy for tenants.
Tenant Retention Features: Each 1-bedroom, 1-bath unit includes in-unit laundry and a functional layout, contributing to tenant satisfaction and long-term retention.

Cons

Regulatory Constraints: The property is subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), which may limit rent increases and tenant management flexibility.
Occupancy Limitations: The property will be delivered tenant-occupied, requiring buyers to assume existing leases and potentially navigate tenant relocation for significant renovations or owner-occupancy.
Property Age & Condition: Built in 1925, the property's age may imply potential for deferred maintenance or the need for updates to major systems and infrastructure.
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