923 N Alma Avenue, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
ACTIVE$767,000
923 N Alma Avenue, Los Angeles, California 90063
0Bed
0Bath
1,880Sqft
7,280Lot
Year Built
1922
Close
-
List price
$767K
Original List price
$905K
Price/Sqft
$408
HOA
-
Days on market
-
Sold On
-
MLS number
P1-17485
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $767.0K(50th), sqft - 1880(50th), beds - undefined(50th), baths - undefined(50th).
PLEASE DO NOT CONTACT OWNER
Condition Rating
Poor
Built in 1922, this property is over 100 years old. While the exterior appears maintained, the complete absence of interior images, especially for critical areas like the kitchen and bathrooms, strongly suggests these areas are significantly outdated and likely require substantial renovation. The property analysis explicitly states that its advanced age means it is 'likely to require substantial investment in updating major systems (e.g., plumbing, electrical, HVAC) and addressing deferred maintenance to meet modern standards.' This aligns with the 'poor' condition criteria, indicating a need for significant repairs and rehabilitation to major components.
Pros & Cons
Pros
Income-Generating Property: As a duplex, this property offers immediate potential for rental income, making it an attractive investment for owner-occupants or pure investors.
Significant Price Reduction: The current list price of $767,000 represents a substantial reduction from the original list price of $905,000, potentially indicating a motivated seller and a good value opportunity.
Generous Lot Size: With a lot size of 7280 sqft, the property offers ample outdoor space and potential for future expansion, landscaping, or the addition of an Accessory Dwelling Unit (ADU), subject to local zoning.
Prime Los Angeles Market: Located in Los Angeles, the property benefits from a strong real estate market with high demand for rental properties and potential for long-term appreciation.
Historic Character: Built in 1922, the property likely possesses architectural charm and unique period details that can appeal to buyers seeking character over modern construction.
Cons
Owner Contact Restriction: The explicit instruction 'PLEASE DO NOT CONTACT OWNER' is a significant red flag, suggesting potential complications with tenants, property access, or a challenging transaction process.
Advanced Age of Property: Built in 1922, the property is likely to require substantial investment in updating major systems (e.g., plumbing, electrical, HVAC) and addressing deferred maintenance to meet modern standards.
Lack of View: The property detail explicitly states 'View: None,' which can be a drawback in a competitive market where desirable views often command a premium and enhance property value.