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9311 Bandera, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath

9311 Bandera, Los Angeles, California 90002 home-pic-0
ACTIVE$850,000
9311 Bandera, Los Angeles, California 90002
0Bed
0Bath
2,330Sqft
7,154Lot
Year Built
1938
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$365
HOA
-
Days on market
-
Sold On
-
MLS number
SR24076846
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $850.0K(50th), sqft - 2330(58th), beds - undefined(50th), baths - undefined(50th).

Exceptional Triplex Investment Property!!!!! Opportunity Knocks! Capitalize on this rare chance to own an upgraded and versatile investment property, promising a significant income-generating potential. Total of 3 units (Two 2 Bedroom & 1 Bath units, One 1 Bedroom & 1 Bath unit) Excellent, with numerous upgrades throughout Seeking an astute investor ready to take advantage of an already outfitted triplex. Investment Highlights: Space to Grow: Room for the addition of living spaces, tailor-made for expanding rental prospects or personal customization. A Due Diligence Reminder: Buyers are advised to conduct their own investigations to affirm the property's potential and compliance with all local regulations. For more details or to express your interest, please call the listing agent today. Don't miss this unparalleled investment prospect positioned for growth and profitability! Please do not go direct or disturb tenants. Thank you!

Price History

Date
Event
Price
08/26/22
Sold
$660,000
Condition Rating
Good
Despite being built in 1938, the property description explicitly states 'numerous upgrades throughout' and the provided image confirms a recently renovated, modern kitchen. The kitchen features white shaker cabinets, dark countertops, a white subway tile backsplash, stainless steel appliances (range and microwave), an undermount sink with a modern faucet, recessed lighting, and clean tile flooring. These elements suggest a renovation within the last 5-15 years, making the property move-in ready in key areas. While the overall age of the structure (1938) means some underlying systems might still be older, the significant visible upgrades in the kitchen and the general description of an 'outfitted triplex' indicate a well-maintained property that does not require immediate major renovations, aligning with a 'Good' condition score.
Pros & Cons

Pros

Multi-Unit Investment Property: The property is a triplex, offering diversified rental income from three units (two 2B/1B and one 1B/1B), which is ideal for investors seeking multiple income streams.
Significant Income Potential: Explicitly marketed as an 'Exceptional Triplex Investment Property' with 'significant income-generating potential' and 'positioned for growth and profitability', highlighting its financial viability.
Extensive Upgrades: The property boasts 'numerous upgrades throughout', suggesting reduced immediate renovation costs and a more turn-key investment for the buyer.
Expansion & Value-Add Potential: There is 'Room for the addition of living spaces', providing an opportunity to expand rental prospects or customize, thereby increasing future property value and income.
Los Angeles Market Location: Located in Los Angeles, a major metropolitan area, which typically offers strong rental demand and potential for long-term property appreciation.

Cons

Age of Property: Built in 1938, the property is quite old, which may lead to potential issues with aging infrastructure, higher maintenance costs, or the need for significant capital expenditures in the future despite recent upgrades.
Tenant Occupied / Restricted Access: The instruction 'Please do not go direct or disturb tenants' indicates the property is tenant-occupied, which can complicate showings, inspections, and due diligence for potential buyers, and implies existing leases that may not be at current market rates.
Due Diligence Disclaimer: The explicit 'Due Diligence Reminder' advises buyers to conduct their own investigations, which can sometimes signal potential complexities, unverified claims, or compliance issues that require thorough scrutiny.

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