8617 Elm Street, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 1 bath
ACTIVE$529,000
8617 Elm Street, Los Angeles, California 90002
2Beds
1Bath
560Sqft
2,315Lot
Year Built
1923
Close
-
List price
$529K
Original List price
$550K
Price/Sqft
$945
HOA
-
Days on market
-
Sold On
-
MLS number
DW25052883
Home ConditionFair
Features
View-
About this home
Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,5 Pros. Rank: price - $529.0K(33th), sqft - 560(4th), beds - 2(35th), baths - 1(47th).
Single-family home in Los Angeles is a fantastic income-generating opportunity, already occupied with tenants. Featuring 3 Bedrooms, 2 Bath. Whether you're looking to expand your portfolio or secure a steady cash-flow property, this is a rare change to invest.
Price History
Date
Event
Price
08/01/25
$529,000
03/11/25
$550,000
02/26/21
Sold
$450,000
10/21/20
Sold
$300,000
10/06/94
Sold
$70,000
Condition Rating
Fair
The property was built in 1923. The single image available shows the exterior. While the paint appears fresh, the overall style and age of the home suggest it's aged and likely requires updates, especially in the kitchen and bathrooms. It's been maintained but is likely outdated. The description mentions it's tenant-occupied, suggesting it's functional but not recently renovated.
Pros & Cons
Pros
Income-Generating Potential: The property is currently tenant-occupied, providing immediate cash flow for investors.
Investment Opportunity: Marketed as a rare chance to invest, appealing to portfolio expansion or securing steady cash flow.
Location: Located in Los Angeles, offering access to city amenities and potential for appreciation.
Lot Size: The lot size of 2315 sqft provides outdoor space and potential for future expansion or landscaping.
Price Reduction: Recent price reduction from $550,000 to $529,000 may indicate a motivated seller and potential for negotiation.
Cons
Small Living Space: The property has a relatively small living space of 560 sqft, which may limit its appeal to some buyers.
Limited Bathrooms: Only one bathroom may be insufficient for some families or tenants.
Age of Property: Built in 1923, the property may require updates or repairs due to its age.