860 & 862 W 73rd Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

860  home-pic-0
ACTIVE$885,000
860 & 862 W 73rd Street, Los Angeles, California 90044
0Bed
0Bath
2,275Sqft
5,602Lot
Year Built
2019
Close
-
List price
$885K
Original List price
$885K
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
DW25088713
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $885.0K(75th), sqft - 2275(56th), beds - undefined(50th), baths - undefined(50th).

Welcome to 860 & 862 W 73rd Street, Los Angeles, Incredible Investment Property! One lot TWO PROPERTIES PLUS a bonus Room/studio with it's very own bathroom and kitchen. This property is very well maintained and both units offer recessed lighting. The back unit 862 is a newer build, built in 2019. The back unit offers newer kitchen cabinets, quartz counter tops and custom shutters throughout. The bathroom offers travertine flooring and a beautiful custom vanity, indoor laundry and many more features. The front unit 860 has tiled flooring in the living room and tiled kitchen counter tops and a tankless water heater. This unit also has custom shutters and is very well maintained. The property is very private with rod iron fencing in the front yard and alley access in the back of the property, with parking space for up to 5 cars. There is a cute courtyard located in between both units for relaxing and enjoying the Beautiful So Cal weather. This property is located in the heart of Los Angeles near the 110 freeway & great shopping. It's A Must See! DO NOT DISTURB TENANTS. Buyer is advised to independently verify the accuracy of all information through personal inspections and with the appropriate professionals to satisfy themselves.

Nearby schools

2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,K-60.3mi
4/10
Sixty-Eighth Street Elementary School
Public,K-60.4mi
3/10
Raymond Avenue Elementary School
Public,K-50.5mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,K1.0mi
3/10
Seventy-Fifth Street Elementary School
Public,K-61.0mi
4/10
Manchester Avenue Elementary School
Public,1-61.0mi
3/10
La Salle Avenue Elementary School
Public,K-51.5mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,K-61.6mi
3/10
Loren Miller Elementary School
Public,K-61.7mi
2/10
John Muir Middle School
Public,6-80.9mi
2/10
Mary Mcleod Bethune Middle School
Public,6-81.0mi
1/10
Horace Mann Junior High School
Public,6-81.3mi
2/10
Bret Harte Preparatory Middle School
Public,6-81.5mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,9-120.8mi
3/10
John C. Fremont Senior High School
Public,9-121.2mi
2/10
George Washington Preparatory High School
Public,9-122.6mi
9/10
Middle College High School
Public,9-123.9mi

Price History

Date
Event
Price
08/24/20
Sold
$688,500
09/10/19
Sold
$640,000
Condition Rating
Good

This property features a desirable mix, with the back unit (862) being a newer build from 2019, boasting a modern kitchen with quartz countertops, newer cabinets, and stainless steel appliances, along with an updated bathroom with travertine flooring and a custom vanity. The front unit (860), while older, is described as very well maintained and includes updates like custom shutters and a tankless water heater. Although the front unit's kitchen with tiled countertops and older cabinets, and its bathroom, appear dated in style, they are functional and well-kept. Both units benefit from recessed lighting. The overall property is move-in ready with no immediate major renovations required, aligning with a 'Good' condition score, despite some minor exterior wear on older elements like the fence and stucco.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Multiple Income Streams: The property features two distinct units plus a bonus room/studio with its own bathroom and kitchen, offering significant potential for multiple rental incomes or flexible living arrangements.
Modern Back Unit Construction: The back unit (862) was built in 2019 and boasts contemporary upgrades including newer kitchen cabinets, quartz countertops, custom shutters, travertine bathroom flooring, and indoor laundry, enhancing its appeal and reducing immediate maintenance needs.
Ample Parking & Privacy: With parking space for up to 5 cars, rod iron fencing in the front yard, and alley access, the property offers excellent privacy, security, and a highly desirable parking capacity in Los Angeles.
Strategic Los Angeles Location: Located in the heart of Los Angeles, near the 110 freeway and shopping, the property benefits from convenient access to transportation, amenities, and employment centers, making it attractive to tenants.
Well-Maintained Condition: Both units are described as very well maintained, with the front unit featuring custom shutters and a tankless water heater, suggesting a property that has been cared for and requires less immediate capital expenditure.

Cons

Tenant Occupancy Restrictions: The property is tenant-occupied with a 'DO NOT DISTURB TENANTS' directive, which can complicate showing schedules, inspections, and potentially impact the closing timeline or immediate owner-occupancy.
Varied Unit Modernity/Finishes: While the back unit is new and modern, the front unit, though well-maintained, features older finishes like tiled kitchen countertops and tiled living room flooring, which may lead to differing tenant appeal and rental values between units.
Mixed Local School Ratings: Several nearby public schools have lower ratings (1-3), which could be a deterrent for potential owner-occupant buyers with school-aged children who prioritize highly-rated educational institutions.

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