9714 9714 1/4 S Main, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$809,000
9714 9714 1/4 S Main, Los Angeles, California 90003
0Bed
0Bath
2,597Sqft
2,970Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Modern Construction: Built in 2007, this duplex is relatively new, suggesting fewer immediate maintenance concerns compared to older properties in the area.
Top Cons:
Section 8 Tenant Specifics: While stable, Section 8 tenancy can involve specific regulations, inspection requirements, and may limit flexibility in tenant selection or rent adjustments for some investors.
Compared to the nearby listings
Price:$809.0K vs avg $750.0K (+$59,000)60%
Size:2,597 sqft vs avg 1,902.5 sqft81%
Price/sqft:$312 vs avg $36524%
More Insights
Built in 2007 (18 years old).
Condition: Built in 2007, this property is 17 years old, placing it within the 'Good' category for age. The listing describes it as 'very clean and maintained,' which is supported by the images showing fresh paint and clean surfaces. The kitchen features granite-like countertops and functional, albeit somewhat dated, light blue/grey cabinets. Flooring throughout the visible areas is durable ceramic tile. While the property is move-in ready and well-maintained, the presence of wall-mounted heaters instead of central HVAC and the slightly dated kitchen cabinet style prevent it from reaching an 'Excellent' score. It requires no immediate renovations but could benefit from cosmetic updates to align with current design trends.
Year Built
2007
Close
-
List price
$809K
Original List price
$809K
Price/Sqft
$312
HOA
-
Days on market
-
Sold On
-
MLS number
SR25231147
Home ConditionGood
Features
View-
About this home
Investor or owner-user opportunity. Built in 2007. Two-story duplex with nearly identical upper and lower units. Each unit features 3 bedrooms, 2 bath, and its own laundry closet. The upper and lower units are very clean and maintained. The lower unit includes a side exit and an additional closet. Both the units are occupied with a long time Section 8 tenants. The building is positioned on the front of the lot, offering a deep rear yard. Security gate to the back yard, off a one way alley. Separate gas and electric meters, and individual water heaters for each unit. Conveniently located near multiple freeways and Metro lines.
Condition Rating
Good
Built in 2007, this property is 17 years old, placing it within the 'Good' category for age. The listing describes it as 'very clean and maintained,' which is supported by the images showing fresh paint and clean surfaces. The kitchen features granite-like countertops and functional, albeit somewhat dated, light blue/grey cabinets. Flooring throughout the visible areas is durable ceramic tile. While the property is move-in ready and well-maintained, the presence of wall-mounted heaters instead of central HVAC and the slightly dated kitchen cabinet style prevent it from reaching an 'Excellent' score. It requires no immediate renovations but could benefit from cosmetic updates to align with current design trends.
Pros & Cons
Pros
Modern Construction: Built in 2007, this duplex is relatively new, suggesting fewer immediate maintenance concerns compared to older properties in the area.
Income-Generating Duplex: The property consists of two nearly identical 3-bedroom, 2-bath units, providing immediate rental income potential for investors or owner-users.
Stable Rental Income: Both units are occupied by long-term Section 8 tenants, offering a reliable and government-backed source of rental income.
Independent Utilities: Each unit features separate gas and electric meters, along with individual water heaters, simplifying utility management and tenant billing.
Convenient Location: The property is strategically located near multiple freeways and Metro lines, enhancing accessibility for tenants and potential future appreciation.
Cons
Section 8 Tenant Specifics: While stable, Section 8 tenancy can involve specific regulations, inspection requirements, and may limit flexibility in tenant selection or rent adjustments for some investors.
Alley Access: The backyard is accessed via a one-way alley, which might be perceived as less desirable or potentially less secure than direct street access, despite the security gate.
Limited Lot Size: With a lot size of 2970 sqft for a duplex, the outdoor space, while described as a 'deep rear yard,' may be considered limited for extensive recreational use or future expansion.