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954 Geraghty Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 4 bed, 3 bath

954 Geraghty Avenue, Los Angeles, California 90063 home-pic-0
ACTIVE$599,000$1,032/sqft
Est. Value: $573,656
-4%
AboveEstimate
954 Geraghty Avenue, Los Angeles, California 90063
4Beds
3Baths
1,032Sqft
4,546Lot

Price Vs. Estimate

The estimated value ($573,656.17) is $25,343.83 (4%) lower than the list price ($599,000). This property may be overpriced.

Key pros and cons

Top Pros:
Investment & Rental Income Potential: Explicitly marketed as a 'GREAT INVESTMENT OPPORTUNITY BELOW MARKET VALUE' with potential for 'substantial rental income' due to high demand for rentals and Airbnb in a rapidly growing neighborhood.
Top Cons:
Unpermitted Unit: The property includes an 'Extra unpermitted unit' in the basement, which poses legal risks, potential fines, and may require costly legalization or demolition by the buyer.

Compared to the nearby listings

Price:$599.0K vs avg $680.0K ($-81,000)27%
Size:1,032 sqft vs avg 1,028 sqft51%
Price/sqft:$580 vs avg $62037%

More Insights

Built in 1928 (98 years old).
Condition: Built in 1928 and sold 'As Is Condition' with an 'unpermitted unit,' this property requires substantial repairs and rehabilitation. While tenant-occupied, the kitchen and bathrooms feature dated finishes (dark wood cabinets, basic countertops, older appliances, brown-toned tiles) that appear to be from a renovation 15-30 years ago, not meeting current standards. The age of the property strongly suggests major systems (electrical, plumbing, HVAC) are likely at or past their expected lifespan and will require significant investment. The unpermitted unit also presents a substantial legal and potential structural/safety defect that needs resolution.
Year Built
1928
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$580
HOA
-
Days on market
-
Sold On
-
MLS number
25629825
Home ConditionPoor
Features
Excellent View: City Lights, Park/Greenbelt, Hills
Patio
ViewCity Lights,Park/Greenbelt,Hills

About this home

ALL INVESTORS!! GREAT INVESTMENT OPPORTUNITY BELOW MARKET VALUE . Panoramic views of Downtown Los Angeles , Main Home with an Extra unpermitted unit . perfect investment for those looking to generate substantial rental income with Large Lot . 5 min from downtown Los Angeles , USC University and other major landmarks and colleges , easy access to freeway . This property has the Main house 3 BED 2 BATH added unit in the basement 1 bed 1 bath offering flexibility and a range of options Whether you're looking to attract long-term renters or short-term tenants Airbnb, this property is poised to deliver consistent returns. Nice pocket in the area , high demand for rentals and Airbnb. Tenants pay on time and really cooperative. Don't mess on great opportunity and submit your offer ! This Property is Unique and the opportunity will not come again! Take Advantage NowThis is a rare opportunity to own a charming Home with extra unit at the vibrant neighborhood of Los Angeles. Enjoy outdoor living in the private and fully-fenced backyard, perfect for barbecuing and entertaining guest. Conveniently located near the 60 and 710 freeways, this property offers easy access to downtown LA, Pasadena, and the San Gabriel Valley. Don't miss this opportunity in a rapidly growing neighborhood with endless possibilities for rental income or multi-generational living. Property Sold As Is Condition with Tenants in Place . There is A POSIBILITY for CASH FOR KEYS BUT THE BUYER WILL DO AFTER CLOSE OF ESCROW . TENANTS ARE COOPERATIVE. SAME FAMILY OCCUPYING BOTH UNITS .

M
Mezdan Mota
Listing Agent

Price History

Date
Event
Price
06/13/13
Sold
$175,000
05/09/13
Sold
$125,000
07/31/09
Sold
$70,000
11/17/04
Sold
$320,000
05/15/03
Sold
$210,000
Condition Rating
Poor
Built in 1928 and sold 'As Is Condition' with an 'unpermitted unit,' this property requires substantial repairs and rehabilitation. While tenant-occupied, the kitchen and bathrooms feature dated finishes (dark wood cabinets, basic countertops, older appliances, brown-toned tiles) that appear to be from a renovation 15-30 years ago, not meeting current standards. The age of the property strongly suggests major systems (electrical, plumbing, HVAC) are likely at or past their expected lifespan and will require significant investment. The unpermitted unit also presents a substantial legal and potential structural/safety defect that needs resolution.
Pros & Cons

Pros

Investment & Rental Income Potential: Explicitly marketed as a 'GREAT INVESTMENT OPPORTUNITY BELOW MARKET VALUE' with potential for 'substantial rental income' due to high demand for rentals and Airbnb in a rapidly growing neighborhood.
Prime Location & Accessibility: Strategically located just 5 minutes from Downtown Los Angeles, USC University, major landmarks, and colleges, with easy access to the 60 and 710 freeways, enhancing its appeal to renters.
Multi-Unit Configuration: Features a main house (3 bed, 2 bath) and an additional 1 bed, 1 bath unit in the basement, offering versatile options for rental strategies, multi-generational living, or maximizing income.
Panoramic City Views: Offers panoramic views of Downtown Los Angeles, adding significant aesthetic value and desirability to the property.
Large Lot & Private Backyard: Boasts a large lot with a private and fully-fenced backyard, providing valuable outdoor living space for recreation and entertaining in an urban setting.

Cons

Unpermitted Unit: The property includes an 'Extra unpermitted unit' in the basement, which poses legal risks, potential fines, and may require costly legalization or demolition by the buyer.
As-Is Condition: The property is sold 'As Is Condition,' indicating that the buyer will be responsible for any necessary repairs, renovations, or deferred maintenance, adding to the initial investment.
Tenants in Place & Cash for Keys: Sold with 'Tenants in Place' and the possibility of 'CASH FOR KEYS' to be handled by the buyer after close of escrow, which could delay occupancy, renovation, or incur additional costs and complexities.
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