RealKey
‪(213) 433-7766‬

936 Hollins Street, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath

936 Hollins Street, Los Angeles, California 90023 home-pic-0
ACTIVE$749,000
936 Hollins Street, Los Angeles, California 90023
0Bed
0Bath
1,991Sqft
4,168Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income Potential & Owner-Occupant Flexibility: As a triplex, the property offers immediate rental income, with the added benefit of one unit potentially being delivered vacant for an owner-occupant to offset mortgage costs.
Top Cons:
Suboptimal Current Rental Income: The existing long-term tenants paying low rent mean the property's current income generation is likely below market potential, requiring active management to realize higher returns.

Compared to the nearby listings

Price:$749.0K vs avg $655.0K (+$94,000)77%
Size:1,991 sqft vs avg 1,702 sqft62%
Price/sqft:$376 vs avg $37650%

More Insights

Built in 1955 (70 years old).
Condition: Built in 1955, this property is 69 years old with no indication of recent major renovations. The exterior appears maintained but dated, featuring older windows and visible window AC units, suggesting a lack of central HVAC. The property analysis explicitly notes 'Aging Infrastructure,' indicating that major systems like plumbing, electrical, roof, and HVAC may be original or significantly outdated. While professionally managed and likely functional, the absence of interior photos and the mention of long-term, low-rent tenants strongly suggest that kitchens, bathrooms, and other interior features are outdated and would require significant updates to meet current market expectations and justify higher rents.
Year Built
1955
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$376
HOA
-
Days on market
-
Sold On
-
MLS number
DW25131089
Home ConditionFair
Features
Good View: City Lights, Peek-A-Boo
ViewCity Lights,Peek-A-Boo

About this home

This beautiful mid-century triplex is being offered below replacement cost. Featuring unique views of downtown LA, Apex Properties is pleased to present 936 Hollins St. in Los Angeles, CA. All of the units come separately metered. One of the units may have the ability to be delivered ready to move in, giving an owner/occupant the ability to collect rent towards the mortgage while also being able to secure a place to live at a low-basis cost. This property is situated in the matured neighborhood of East Los Angeles near the 7th St., Bridge as well as many other iconic Los Angeles landmarks. There are long-term tenants in place paying low rent, which could easily be raised upon turnover. With off street parking, and the ability to park in the driveway, this property allows its occupants the relief of not having to repark their vehicle during street sweeping hours. This property has been professionally managed for the last several years and is ready for its new owner. Whether you’re a first time buyer or a seasoned investor, this opportunity is sure to excite. Call today, because you do not want to miss out on this opportunity!!

Price History

Date
Event
Price
02/08/16
Sold
$410,500
02/23/04
Sold
$300,000
Condition Rating
Fair
Built in 1955, this property is 69 years old with no indication of recent major renovations. The exterior appears maintained but dated, featuring older windows and visible window AC units, suggesting a lack of central HVAC. The property analysis explicitly notes 'Aging Infrastructure,' indicating that major systems like plumbing, electrical, roof, and HVAC may be original or significantly outdated. While professionally managed and likely functional, the absence of interior photos and the mention of long-term, low-rent tenants strongly suggest that kitchens, bathrooms, and other interior features are outdated and would require significant updates to meet current market expectations and justify higher rents.
Pros & Cons

Pros

Income Potential & Owner-Occupant Flexibility: As a triplex, the property offers immediate rental income, with the added benefit of one unit potentially being delivered vacant for an owner-occupant to offset mortgage costs.
Strategic Location & Views: Situated in a mature East Los Angeles neighborhood, the property boasts 'unique views of downtown LA' and 'City Lights,' offering desirable urban living and potential appreciation.
Separately Metered Units: Each unit being separately metered simplifies utility management for the landlord and promotes tenant accountability, reducing operational overhead.
Ample Parking: The provision of both off-street and driveway parking is a significant convenience and value-add in a dense urban environment like Los Angeles, enhancing tenant appeal.
Future Rent Upside: The presence of long-term tenants paying below-market rent presents a clear opportunity for substantial rent increases and improved cash flow upon tenant turnover.

Cons

Suboptimal Current Rental Income: The existing long-term tenants paying low rent mean the property's current income generation is likely below market potential, requiring active management to realize higher returns.
Aging Infrastructure: Built in 1955, the mid-century property may have original systems (plumbing, electrical, roof, HVAC) that could necessitate significant capital expenditures for maintenance, repairs, or upgrades in the near future.
Potential for Tenant Turnover Challenges: While offering rent upside, managing turnover with long-term tenants can be complex, potentially involving legal considerations or extended vacancy periods to implement rent increases or necessary unit renovations.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state