851 E 32nd Street, Los Angeles, California 90011, Los Angeles, 90011 - 5 bed, 4 bath
ACTIVE$700,000$2,025/sqft
851 E 32nd Street, Los Angeles, California 90011
5Beds
4Baths
2,025Sqft
5,230Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: As a quadruplex (residential income property), it offers multiple rental units, providing a steady income stream for investors.
Top Cons:
Unpermitted Unit: A significant legal and financial risk, as one unit is explicitly stated as 'not permitted,' requiring potentially costly legalization, remediation, or removal, which could impact financing and future resale.
Compared to the nearby listings
Price:$700.0K vs avg $699.0K (+$1,000)52%
Size:2,025 sqft vs avg 2,076 sqft41%
Price/sqft:$346 vs avg $34059%
More Insights
Built in 1948 (78 years old).
Condition: Built in 1948, this property is significantly aged with no indication of recent major renovations. The listing explicitly notes 'Age and Condition Concerns' and states it will 'likely require substantial investment in updates, repairs, and system replacements (e.g., plumbing, electrical, HVAC) to meet modern standards and tenant expectations.' Exterior images show visible wear, neglect, and exposed conduits, suggesting extensive deferred maintenance. Given the age and lack of updates, the kitchens and bathrooms are almost certainly original or very outdated, requiring complete rehabilitation. The presence of an unpermitted unit further points to a history of non-compliance and potential structural/systemic issues, aligning with the 'Poor' condition criteria of requiring substantial repairs and rehabilitation for major components.
Year Built
1948
Close
-
List price
$700K
Original List price
$655K
Price/Sqft
$346
HOA
-
Days on market
-
Sold On
-
MLS number
WS24128879
Home ConditionPoor
Features
Patio
View-
About this home
3 of 4 units are legal but 1 unit was divided as extra unit with studio and 3/4 bath is not permitted. Two original units (plus 1 studio as 3rd unit)are all front building. There is separate back building:4th unit. Between 2 buildings there are patio/back yard cement area. Owner had just cut the tree from this area. This property has lots of potential. There is a front yard to park cars.
S
SANDY SAIJO
Listing Agent
Nearby schools
4/10
Quincy Jones Elementary School
Public,•K-5•0.1mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.2mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.5mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.5mi
2/10
Harmony Elementary School
Public,•K-5•0.6mi
/10
Maple Primary Center
Public,•K-1•0.6mi
3/10
Trinity Street Elementary School
Public,•K-5•0.6mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.6mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.8mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.9mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.0mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•1.0mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.2mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.4mi
4/10
Norwood Street Elementary School
Public,•K-5•1.7mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.8mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.9mi
2/10
John W. Mack Elementary School
Public,•K-5•2.0mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.1mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.7mi
4/10
John Adams Middle School
Public,•6-8•0.8mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•0.9mi
3/10
George Washington Carver Middle School
Public,•6-8•0.9mi
2/10
John Muir Middle School
Public,•6-8•2.7mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•3.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.7mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.7mi
5/10
Santee Education Complex
Public,•9-12•0.9mi
3/10
Manual Arts Senior High School
Public,•9-12•1.8mi
4/10
West Adams Preparatory High School
Public,•9-12•2.4mi
Price History
Date
Event
Price
09/10/99
Sold
$162,000
03/05/04
Sold
$310,000
03/12/03
Sold
$238,000
Condition Rating
Poor
Built in 1948, this property is significantly aged with no indication of recent major renovations. The listing explicitly notes 'Age and Condition Concerns' and states it will 'likely require substantial investment in updates, repairs, and system replacements (e.g., plumbing, electrical, HVAC) to meet modern standards and tenant expectations.' Exterior images show visible wear, neglect, and exposed conduits, suggesting extensive deferred maintenance. Given the age and lack of updates, the kitchens and bathrooms are almost certainly original or very outdated, requiring complete rehabilitation. The presence of an unpermitted unit further points to a history of non-compliance and potential structural/systemic issues, aligning with the 'Poor' condition criteria of requiring substantial repairs and rehabilitation for major components.
Pros & Cons
Pros
Income-Generating Asset: As a quadruplex (residential income property), it offers multiple rental units, providing a steady income stream for investors.
Value-Add Potential: The property is explicitly described as having 'lots of potential,' suggesting opportunities for renovation, rent optimization, and potentially legalizing the unpermitted unit to significantly increase overall value and cash flow.
Off-Street Parking: The presence of a 'front yard to park cars' is a valuable amenity in a dense urban environment like Los Angeles, enhancing tenant appeal and convenience.
Flexible Configuration: Comprising two separate buildings (front and back) and multiple units, it offers flexibility in tenancy arrangements and potential for diverse rental offerings.
Desirable Urban Location: Situated in Los Angeles, the property benefits from a strong rental market, high demand, and potential for long-term appreciation in a major metropolitan area.
Cons
Unpermitted Unit: A significant legal and financial risk, as one unit is explicitly stated as 'not permitted,' requiring potentially costly legalization, remediation, or removal, which could impact financing and future resale.
Age and Condition Concerns: Built in 1948, the property is likely to require substantial investment in updates, repairs, and system replacements (e.g., plumbing, electrical, HVAC) to meet modern standards and tenant expectations.
Due Diligence Complexity: The presence of an unpermitted unit and the multi-unit nature necessitate extensive due diligence, including verifying permits, current rents, and property condition, which can be time-consuming and costly for a buyer.