976 Marietta Street, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath
ACTIVE UNDER CONTRACT$715,000
976 Marietta Street, Los Angeles, California 90023
0Bed
0Bath
2Sqft
5,594Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Potential: The property features two units, offering a unique opportunity for owner-occupants to live in one unit and generate rental income from the other, or for investors to maximize returns.
Top Cons:
Property Age: Built in 1930, the property is older, which may suggest potential for aging infrastructure or systems not explicitly covered by the recent cosmetic renovations.
Compared to the nearby listings
Price:$715.0K vs avg $945.0K ($-230,000)50%
Size:2 sqft vs avg 3,030.5 sqft50%
Price/sqft:$357.5K vs avg $178.8K50%
More Insights
Built in 1930 (95 years old).
Condition: The property, built in 1930, has undergone recent cosmetic renovations including new laminate flooring, updated kitchen cabinets and countertops, and fresh paint, making it appear move-in ready. The bathroom is also updated with a new vanity and mirror, though the tile and faucet style are somewhat dated. However, a significant drawback is the absence of visible kitchen appliances in the images, implying a buyer would need to purchase these immediately. Given the property's age, major systems (plumbing, electrical, HVAC, roof) are likely original or very old and not explicitly covered by the 'recent renovation,' suggesting potential for significant future repairs or updates. The lack of a mentioned cooling system is also a concern for the Los Angeles climate. While cosmetically refreshed, the underlying age and potential for substantial system updates, coupled with the missing appliances, place it in the 'Fair' category rather than 'Good'.
Year Built
1930
Close
-
List price
$715K
Original List price
$715K
Price/Sqft
$357,500
HOA
-
Days on market
-
Sold On
-
MLS number
DW25064568
Home ConditionFair
Features
Patio
View-
About this home
Don’t miss your chance to own two units just minutes from the vibrant Arts District and Boyle Heights! This property is perfect for both homeowners and investors — live in one unit and earn rental income from the other. The main home features 2 bedrooms, 1 bathroom, a 2-car detached garage, and a separate laundry room. Recently renovated, it offers brand-new laminate wood flooring, updated kitchen cabinets, and countertops, making it completely move-in ready. Enjoy the convenience of being walking distance to schools, parks, and local shops, with easy access to major freeways and downtown Los Angeles. Pride of ownership is evident throughout this well-maintained property. This is a rare opportunity to own a beautifully updated property in one of LA’s most desirable and growing neighborhoods. Schedule your private showing today!
Condition Rating
Fair
The property, built in 1930, has undergone recent cosmetic renovations including new laminate flooring, updated kitchen cabinets and countertops, and fresh paint, making it appear move-in ready. The bathroom is also updated with a new vanity and mirror, though the tile and faucet style are somewhat dated. However, a significant drawback is the absence of visible kitchen appliances in the images, implying a buyer would need to purchase these immediately. Given the property's age, major systems (plumbing, electrical, HVAC, roof) are likely original or very old and not explicitly covered by the 'recent renovation,' suggesting potential for significant future repairs or updates. The lack of a mentioned cooling system is also a concern for the Los Angeles climate. While cosmetically refreshed, the underlying age and potential for substantial system updates, coupled with the missing appliances, place it in the 'Fair' category rather than 'Good'.
Pros & Cons
Pros
Income-Generating Potential: The property features two units, offering a unique opportunity for owner-occupants to live in one unit and generate rental income from the other, or for investors to maximize returns.
Prime Location & Accessibility: Strategically located minutes from the vibrant Arts District and Boyle Heights, with excellent walkability to schools, parks, and local shops, and convenient access to major freeways and downtown Los Angeles.
Recent Renovations & Move-in Ready: The main home has undergone recent renovations, including brand-new laminate wood flooring, updated kitchen cabinets, and countertops, ensuring it is completely move-in ready for new occupants.
Versatile Buyer Appeal: The property's dual-unit nature and desirable location make it attractive to a wide range of buyers, including both homeowners seeking supplemental income and investors looking for a robust rental asset.
Desirable & Growing Neighborhood: Situated in one of Los Angeles's most desirable and growing neighborhoods, indicating potential for future property value appreciation and strong rental demand.
Cons
Property Age: Built in 1930, the property is older, which may suggest potential for aging infrastructure or systems not explicitly covered by the recent cosmetic renovations.
Missing Key Details: The listing provides an erroneous square footage (2 sqft) and lacks specific details for the second unit (e.g., bedroom/bathroom count), making it challenging to fully assess the property's size and value.
No Mention of Cooling System: There is no mention of a cooling system (e.g., air conditioning) in the property description, which could be a significant drawback during Los Angeles's warmer months and may require future investment.