9715 Grandee, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath
ACTIVE$539,000$1,110/sqft
9715 Grandee, Los Angeles, California 90002
0Bed
0Bath
1,110Sqft
6,501Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a duplex with two distinct units (1-bed/1-bath and 2-bed/1-bath), offering immediate rental income potential for investors or a significant mortgage offset for owner-occupants.
Top Cons:
Age of Property: Built in 1908, the property is over a century old, which may imply the need for significant updates to plumbing, electrical, and other systems to meet modern standards and tenant expectations.
Compared to the nearby listings
Price:$539.0K vs avg $880.0K ($-341,000)13%
Size:1,110 sqft vs avg 2,300 sqft13%
Price/sqft:$486 vs avg $34093%
More Insights
Built in 1908 (118 years old).
Condition: Built in 1908, this property shows significant age and a lack of substantial modern renovations. Both kitchens feature very old appliances, basic cabinets, and dated laminate countertops, while the bathrooms have outdated tile, vanities, and fixtures. The flooring throughout is a mix of very old patterned ceramic tile and some basic laminate. The overall condition suggests that major systems (plumbing, electrical, HVAC) are likely original or very old, requiring substantial repairs and rehabilitation to meet current standards and comfort.
Year Built
1908
Close
-
List price
$539K
Original List price
$539K
Price/Sqft
$486
HOA
-
Days on market
-
Sold On
-
MLS number
MB26007913
Home ConditionPoor
Features
Patio
View-
About this home
Duplex! duplex! 2 units presents a premier opportunity for savvy investors or first-time homebuyers looking to offset their mortgage with rental income in the heart of Los Angeles. This property qualifies for several financing programs. The property features a well-balanced layout consisting of a cozy one-bedroom, one-bathroom unit and a comfortable two-bedroom, one-bathroom unit, catering to a variety of tenant needs. Situated on a generous lot with a significant amount of parking, the property offers incredible potential for future development, including the possibility of adding additional units or an ADU to maximize the site's density. It is positioned just minutes away from major city freeways, local schools, and bustling shopping centers. time to built-in income potential, this property stands out for its spacious lot size and central proximity to all the amenities the city has to offer.
J
JULIAN RENDEROS
Listing Agent
Condition Rating
Poor
Built in 1908, this property shows significant age and a lack of substantial modern renovations. Both kitchens feature very old appliances, basic cabinets, and dated laminate countertops, while the bathrooms have outdated tile, vanities, and fixtures. The flooring throughout is a mix of very old patterned ceramic tile and some basic laminate. The overall condition suggests that major systems (plumbing, electrical, HVAC) are likely original or very old, requiring substantial repairs and rehabilitation to meet current standards and comfort.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex with two distinct units (1-bed/1-bath and 2-bed/1-bath), offering immediate rental income potential for investors or a significant mortgage offset for owner-occupants.
Significant Development Potential: Situated on a generous 6501 sqft lot, the property offers substantial potential for future development, including the addition of an ADU or extra units to maximize density and value.
Strategic Central Location: Positioned in the heart of Los Angeles, the property boasts central proximity to major city freeways, local schools, and bustling shopping centers, enhancing tenant appeal and convenience.
Flexible Unit Configuration: The well-balanced layout with a 1-bedroom and a 2-bedroom unit caters to a variety of tenant needs, allowing for diverse rental strategies and market appeal.
Financing Program Eligibility: The property qualifies for several financing programs, potentially broadening the buyer pool and easing the acquisition process for first-time homebuyers or investors.
Cons
Age of Property: Built in 1908, the property is over a century old, which may imply the need for significant updates to plumbing, electrical, and other systems to meet modern standards and tenant expectations.
Limited Total Living Space: With a combined total of 1110 sqft for two units, the individual living spaces are relatively compact, which could limit the tenant pool or rental rates compared to more spacious properties.
Lack of Mentioned Renovations: The property description does not highlight any recent renovations or upgrades, suggesting that a new owner may need to invest in improvements to enhance aesthetics, functionality, and maximize rental income.