903 E 109th Place, Los Angeles, California 90059, Los Angeles, 90059 - bed, bath
ACTIVE$685,000
903 E 109th Place, Los Angeles, California 90059
0Bed
0Bath
4,857Sqft
4,857Lot
Year Built
1924
Close
-
List price
$685K
Original List price
$685K
Price/Sqft
$141
HOA
-
Days on market
-
Sold On
-
MLS number
RS25141104
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $685.0K(33th), sqft - 4857(83th), beds - undefined(50th), baths - undefined(50th).
Do not miss out on this Duplex Opportunity!! Property is located in a high demand rental area in the City of Los Angeles and it is perfect for someone looking for Income investment!!. The front house is a 3 bedrooms, 2 bathrooms and back house is a 1 bedroom, 1 bathroom.
Price History
Date
Event
Price
10/22/12
Sold
$235,000
01/04/11
Sold
$260,000
08/12/09
Sold
$145,000
07/15/99
Sold
$130,000
Condition Rating
Poor
Built in 1924, this property is nearly 100 years old. While functional, both kitchens are significantly dated with old cabinets, countertops, and basic appliances. The bathrooms feature basic fixtures, dated tiling, and an exposed, painted pipe in one, indicating very old plumbing and a lack of modern finishing. The heating system is an outdated wall-mounted gas heater, and there's no apparent central AC. The property requires substantial rehabilitation and modernization of major components to meet current living standards.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex with two distinct units (3 bed/2 bath and 1 bed/1 bath), offering immediate rental income potential and flexibility for investors or owner-occupants.
High Demand Rental Area: Located in a 'high demand rental area in the City of Los Angeles,' suggesting strong tenant interest, low vacancy rates, and consistent rental income.
Los Angeles Location: Situated in a major metropolitan market, which typically offers robust rental demand, a large tenant pool, and strong potential for long-term property value appreciation.
Investment Opportunity: Explicitly marketed as an 'Income investment,' appealing directly to buyers seeking cash flow and portfolio growth in a competitive market.
Flexible Unit Configuration: The two-unit setup provides versatility, allowing for diverse tenant types or the option for an owner to reside in one unit while generating income from the other.
Cons
Advanced Age of Property: Built in 1924, the property is nearly a century old, likely requiring significant capital expenditures for system updates (plumbing, electrical, HVAC) and general modernization to meet current tenant expectations.
Lack of Condition Details: The description provides no information on recent renovations or the current state of the units, implying potential for 'as-is' condition and unknown repair costs for a prospective buyer.
Undefined MLS Area: The '699 - Not Defined' MLS area code offers little specific neighborhood context, making it harder to assess local market trends, comparable properties, and specific rental demand nuances without further research.