923 S Alma, East Los Angeles, California 90023, East Los Angeles, 90023 - bed, bath
ACTIVE$599,000$1,545/sqft
923 S Alma, East Los Angeles, California 90023
0Bed
0Bath
1,545Sqft
6,237Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property features two distinct units (3 bed/1.75 bath front house and 2 bed/0.75 bath rear unit over garages), offering immediate rental income potential or an owner-occupier with supplemental income.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6237, other record lot size in square feet = 4717. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1545, other record living area = 816.
Compared to the nearby listings
Price:$599.0K vs avg $620.0K ($-21,000)46%
Size:1,545 sqft vs avg 1,670 sqft46%
Price/sqft:$388 vs avg $37354%
More Insights
Built in 1911 (115 years old).
Condition: Built in 1911 and explicitly described as a 'fixer home,' this property requires substantial repairs and rehabilitation. The advanced age indicates that major systems (electrical, plumbing, HVAC) and all cosmetic elements, including kitchens and bathrooms, are likely severely outdated or non-functional and will require extensive replacement and modernization. The exterior images show an aged property consistent with this assessment.
Year Built
1911
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$388
HOA
-
Days on market
-
Sold On
-
MLS number
SR25258427
Home ConditionPoor
Features
View-
About this home
PROBATE AUCTION!!! (FRONT HOUSE) – 3 BEDROOM, 1¾ BATH FIXER HOME IN THE VERY POPULAR EAST LOS ANGELES AREA. THE HOUSE FEATURES A LIVING ROOM, DINING AREA & KITCHEN. (REAR BUILDING) – 2 BEDROOM, ¾ BATH UNIT WITH LIVING ROOM & KITCHEN LOCATED OVER 3 GARAGES.
L
Larry Weiner
Listing Agent
Condition Rating
Poor
Built in 1911 and explicitly described as a 'fixer home,' this property requires substantial repairs and rehabilitation. The advanced age indicates that major systems (electrical, plumbing, HVAC) and all cosmetic elements, including kitchens and bathrooms, are likely severely outdated or non-functional and will require extensive replacement and modernization. The exterior images show an aged property consistent with this assessment.
Pros & Cons
Pros
Income-Generating Duplex: The property features two distinct units (3 bed/1.75 bath front house and 2 bed/0.75 bath rear unit over garages), offering immediate rental income potential or an owner-occupier with supplemental income.
Prime East Los Angeles Location: Situated in a 'very popular' East Los Angeles area, indicating strong demand, potential for appreciation, and convenient access to urban amenities and services.
Significant Value-Add Potential: Described as a 'fixer home,' it presents a substantial opportunity for a buyer to renovate and modernize, thereby significantly increasing its market value and equity.
Probate Auction Opportunity: Being a probate auction, it may offer a unique opportunity for savvy buyers to acquire the property at a competitive price, especially for those prepared for the process.
Generous Lot Size & Development Potential: The 6237 sqft lot provides ample space for potential expansion, landscaping, or future Accessory Dwelling Unit (ADU) development, enhancing long-term value.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6237, other record lot size in square feet = 4717. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1545, other record living area = 816.
Extensive Renovation Required: Explicitly marketed as a 'fixer home,' indicating that substantial investment in repairs, upgrades, and modernization will be necessary to bring it to modern standards.
Advanced Age of Property: Built in 1911, the property is over a century old, likely requiring significant updates to major systems (electrical, plumbing, HVAC) and potential structural assessments.
Probate Sale Complexities: The probate auction process can be lengthy, involve court confirmation, and may deter buyers seeking a quick or straightforward transaction, adding an element of uncertainty.