851 E 32nd Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$700,000$2,025/sqft
851 E 32nd Street, Los Angeles, California 90011
0Bed
0Bath
2,025Sqft
5,230Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Potential: The property features 4 units (3 legal, 1 unpermitted), offering significant rental income potential for investors or an owner-occupant seeking supplementary income.
Top Cons:
Unpermitted Unit: One of the four units (a studio with 3/4 bath) is not permitted, posing legal and financial risks that will require resolution, such as legalization or removal, and potential associated costs.
Compared to the nearby listings
Price:$700.0K vs avg $1.20M ($-500,000)50%
Size:2,025 sqft vs avg 2,891.5 sqft50%
Price/sqft:$346 vs avg $39950%
More Insights
Built in 1948 (78 years old).
Condition: Built in 1948, this property is over 70 years old with no indication of recent major renovations. The listing description explicitly states 'lots of potential' and the property analysis highlights 'Age of Property & Potential for Deferred Maintenance,' suggesting significant work is needed. The presence of an unpermitted unit further indicates a need for substantial rehabilitation and legal resolution. While interior images are not provided, the exterior photos show an aged property with signs of wear and clutter, consistent with a property requiring extensive repairs and updates to major systems and finishes.
Year Built
1948
Close
-
List price
$700K
Original List price
$655K
Price/Sqft
$346
HOA
-
Days on market
-
Sold On
-
MLS number
WS24128929
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 over 70 years old with no indication of recent major renovations. The listing description explicitly states 'lots of potential' and the property analysis highlights 'Age of Property & Potential for Deferred Maintenance,' suggesting significant work is needed. The presence of an unpermitted unit further indicates a need for substantial rehabilitation and legal resolution. While interior images are not provided, the exterior photos show an aged property with signs of wear and clutter, consistent with a property requiring extensive repairs and updates to major systems and finishes.
Pros & Cons
Pros
Multi-Unit Income Potential: The property features 4 units (3 legal, 1 unpermitted), offering significant rental income potential for investors or an owner-occupant seeking supplementary income.
Desirable Location: Situated in Los Angeles, the property benefits from a strong rental market and potential for appreciation in a major metropolitan area.
Dedicated Off-Street Parking: The front yard provides space for parking cars, a valuable amenity in a dense urban environment where parking can be scarce.
Private Outdoor Space: A patio/backyard cement area between the two buildings offers desirable private outdoor space for residents.
Significant Value-Add Opportunity: The description explicitly states 'lots of potential,' indicating opportunities for an investor to renovate, optimize rental configurations, or legalize the unpermitted unit to maximize value.
Cons
Unpermitted Unit: One of the four units (a studio with 3/4 bath) is not permitted, posing legal and financial risks that will require resolution, such as legalization or removal, and potential associated costs.
Age of Property & Potential for Deferred Maintenance: Built in 1948, the property is likely to have older systems and components, suggesting potential for significant capital expenditures for updates, repairs, or deferred maintenance.
Listing Type Discrepancy: The property is listed as a 'Townhouse' but described as having 4 units, which is a significant mismatch that could confuse buyers, affect financing options, or misrepresent the property's true nature.