8656 Cadillac Avenue, Los Angeles, California 90034, Los Angeles, 90034 - bed, bath
ACTIVE$1,675,000
8656 Cadillac Avenue, Los Angeles, California 90034
0Bed
0Bath
2,933Sqft
4,999Lot
Year Built
1950
Close
-
List price
$1.68M
Original List price
$1.7M
Price/Sqft
$571
HOA
-
Days on market
-
Sold On
-
MLS number
SR24190183
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.68M(50th), sqft - 2933(50th), beds - undefined(50th), baths - undefined(50th).
Price improvement!!!!! Great Income property with upside potential. Adjacent Beverly Wood & Culver City and all the up-and -coming areas on the West side .
Price History
Date
Event
Price
08/07/15
Sold
$850,000
Condition Rating
Poor
Built in 1950, this property features severely outdated kitchens and bathrooms that appear to be original or from a renovation 30-50+ years ago. The kitchen has old cabinets, laminate countertops, basic appliances, and linoleum flooring. The bathrooms feature vintage tile, old fixtures, and basic vanities. While the property appears maintained, these critical areas require substantial rehabilitation and modernization to meet current living standards and comfort, aligning with a 'Poor' condition score. The property analysis also notes the need for 'significant capital expenditures for system upgrades, modernization, or addressing deferred maintenance.'
Pros & Cons
Pros
Income-Generating Quadruplex: Explicitly described as a 'Great Income property' and a 'Quadruplex,' offering four distinct rental units for substantial rental income potential.
Prime Westside Location: Strategically located adjacent to highly desirable Beverly Wood & Culver City, within an 'up-and-coming' Westside area, ensuring strong rental demand and potential for appreciation.
Significant Upside Potential: The listing highlights 'upside potential,' suggesting opportunities for increased value through rent optimization, property enhancements, or market growth.
Recent Price Adjustment: A recent 'Price improvement' from $1.7M to $1.675M indicates a more competitive offering and potentially better value for prospective buyers.
Generous Square Footage: With 2933 sqft, the property offers substantial living space across its units, which can attract a wider range of tenants and support higher rental rates.
Cons
Age of Construction: Built in 1950, the property is over 70 years old, which may necessitate significant capital expenditures for system upgrades, modernization, or addressing deferred maintenance.
Lack of Views: The property explicitly states 'view: None,' which can be a disadvantage in the competitive Los Angeles market where scenic views often command a premium.
Potential for Required Renovations: While offering 'upside potential,' the description does not detail recent renovations, implying that substantial investment may be needed to maximize rental income and property value, impacting immediate cash flow.