995 E 55th Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$949,000$2,909/sqft
995 E 55th Street, Los Angeles, California 90011
0Bed
0Bath
2,909Sqft
7,013Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Dual Income Potential: As a duplex, the property offers two separate units, providing immediate rental income (front unit currently $2,300/month) or the option for owner-occupancy in one unit while renting the other.
Top Cons:
Unpermitted Structures: The property includes unpermitted additions such as a built-in BBQ and a half bath in the backyard, and an unpermitted toilet in the front unit, posing potential legal and safety risks and requiring future legalization or removal.
Compared to the nearby listings
Price:$949.0K vs avg $699.0K (+$250,000)83%
Size:2,909 sqft vs avg 2,076 sqft90%
Price/sqft:$326 vs avg $33745%
More Insights
Built in 1903 (123 years old).
Condition: This duplex presents a mixed condition. The back unit, approximately 8 years old, features a modern kitchen with white shaker cabinets, stainless steel appliances, updated bathrooms with contemporary fixtures and tiling, wood-look plank flooring, and central A/C, aligning with 'Good' to 'Excellent' standards. However, the front unit, built in 1903, shows significant age with an outdated kitchen (dark wood cabinets, older appliances, older countertops) and bathroom (older tiles, pedestal sink), and a mix of older flooring, placing it firmly in the 'Fair' category. The presence of unpermitted structures (backyard BBQ, outdoor half bath, and an unpermitted toilet in the front unit) is a notable concern that detracts from the overall property quality and potential for future issues. While the back unit is move-in ready, the front unit requires substantial cosmetic updates and the unpermitted additions need addressing, preventing a higher overall score.
Year Built
1903
Close
-
List price
$949K
Original List price
$999K
Price/Sqft
$326
HOA
-
Days on market
-
Sold On
-
MLS number
RS25189614
Home ConditionFair
Features
Patio
View-
About this home
Excellent units. BACK UNIT is Approximately 8 years old, it's 3 bedrooms-2 baths. SQFT for the back unit is Approximately 1675 SQFT. and is occupied by the owners. It has shutters throughout the entire house. It also has an area for an office, tv area or recreational area. It has plenty of parking area since the lot is 7013 SQFT. It has a built in BBQ and a half a bath in the backyard without permits. CENTRAL A/C. FRONT UNIT is a 2 bedroom 1 bath, however there is a small room that it's been used as a bedroom making it a total of 2.5 bedrooms per say. It also has a toilet next to the laundry room that is unpermitted, fully functional. Shows very well, a little clutter but it's clean. Tenants would like to stay if possible they are presently paying 2,300 dollars per month. OWNER'S ARE PAYING UP TO 4.5 PERCENT FOR BUYERS CONCESSIONS. OWNERS ARE WILLING TO SHOW THEIR UNIT, HOWEVER FRONT UNIT WOULD BE SUBJECT TO INTERIOR INSPECTION. SELLER IS WILLING TO DELIVER BOTH UNITS VACANT AT CLOSE OF ESCROW.
F
Francisco Granadeno
Listing Agent
Nearby schools
2/10
Aurora Elementary School
Public,•K-5•0.2mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.5mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.6mi
5/10
Estrella Elementary School
Public,•K-5•0.9mi
2/10
Main Street Elementary School
Public,•K-5•0.9mi
2/10
Harmony Elementary School
Public,•K-5•1.0mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.3mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.5mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.7mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.9mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.0mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.3mi
3/10
George Washington Carver Middle School
Public,•6-8•0.7mi
2/10
John Muir Middle School
Public,•6-8•2.0mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•2.0mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.2mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.2mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.7mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.8mi
3/10
Manual Arts Senior High School
Public,•9-12•2.2mi
5/10
Santee Education Complex
Public,•9-12•2.5mi
Condition Rating
Fair
This duplex presents a mixed condition. The back unit, approximately 8 years old, features a modern kitchen with white shaker cabinets, stainless steel appliances, updated bathrooms with contemporary fixtures and tiling, wood-look plank flooring, and central A/C, aligning with 'Good' to 'Excellent' standards. However, the front unit, built in 1903, shows significant age with an outdated kitchen (dark wood cabinets, older appliances, older countertops) and bathroom (older tiles, pedestal sink), and a mix of older flooring, placing it firmly in the 'Fair' category. The presence of unpermitted structures (backyard BBQ, outdoor half bath, and an unpermitted toilet in the front unit) is a notable concern that detracts from the overall property quality and potential for future issues. While the back unit is move-in ready, the front unit requires substantial cosmetic updates and the unpermitted additions need addressing, preventing a higher overall score.
Pros & Cons
Pros
Dual Income Potential: As a duplex, the property offers two separate units, providing immediate rental income (front unit currently $2,300/month) or the option for owner-occupancy in one unit while renting the other.
Newer Back Unit Construction: The back unit is approximately 8 years old, suggesting more modern construction, systems, and finishes compared to the original 1903 build, enhancing its appeal and reducing immediate maintenance concerns.
Seller Concessions Offered: The owners are offering up to 4.5% for buyer concessions, which can significantly reduce closing costs and make the property more attractive to potential buyers.
Ample Parking & Lot Size: With a 7013 SQFT lot, the property provides plenty of parking area, a valuable asset in Los Angeles, and potential for additional outdoor amenities or expansion.
Modern Amenities in Back Unit: The newer back unit features central A/C, shutters throughout, and a dedicated area for an office, TV, or recreational use, enhancing comfort and functionality.
Cons
Unpermitted Structures: The property includes unpermitted additions such as a built-in BBQ and a half bath in the backyard, and an unpermitted toilet in the front unit, posing potential legal and safety risks and requiring future legalization or removal.
Age of Front Unit & Potential Maintenance: The front unit dates back to 1903, indicating it may require significant updates, repairs, or maintenance on older systems and infrastructure, which could incur additional costs for the buyer.
Price Reduction History: The property has seen a price reduction from $999,000 to $949,000, which could suggest it was initially overpriced or has faced challenges in attracting buyers, potentially indicating a longer time on market or perceived value issues.