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1012 W 55th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

1012 W 55th Street, Los Angeles, California 90037 home-pic-0
ACTIVE$950,000
1012 W 55th Street, Los Angeles, California 90037
0Bed
0Bath
2,462Sqft
6,388Lot
Year Built
1914
Close
-
List price
$950K
Original List price
$975K
Price/Sqft
$386
HOA
-
Days on market
-
Sold On
-
MLS number
PW24240804
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $950.0K(50th), sqft - 2462(48th), beds - undefined(50th), baths - undefined(50th).

Beautiful Triplex on a Serene Tree-Lined Street. This 3-unit property offers charm and space, perfect for owner-occupants or those looking to generate rental income as an investment. Enjoy the convenience of living in one unit while renting out the others, or maximize your income potential as a full rental property. ADU Potential: Transform the garage back into a 4th unit to further boost rental income or a home office. Features include: Spacious Kitchens in every unit. Upgraded Roofing: Back unit received a new roof in 2022, while the front units and garage roofs were upgraded in 2010. Separate Meters for each unit (water shared). Extra-Large Laundry Room, ideal for additional rental income. Ample Parking with dual driveway access, accommodating up to 6 vehicles. Don’t miss this incredible opportunity—it won’t last long! Call Today for a Private Showing!

Price History

Date
Event
Price
09/03/10
Sold
$319,000
07/13/10
Sold
$177,500
06/15/01
Sold
$230,000
11/16/00
Sold
$138,000
Condition Rating
Fair
The property was built in 1914. While the description mentions upgraded roofing, the images show kitchens and bathrooms that are dated and could use updates. The overall condition appears to be maintained but aged, fitting the 'fair' category.
Pros & Cons

Pros

Income Potential: Triplex property with potential for rental income from multiple units, ideal for investors or owner-occupants.
ADU Potential: Garage offers the possibility of conversion into an Accessory Dwelling Unit (ADU), further increasing rental income or creating a home office.
Ample Parking: Dual driveway access provides ample parking space for up to 6 vehicles, a valuable asset in Los Angeles.

Cons

Age of Property: Built in 1914, the property may require ongoing maintenance and potential upgrades due to its age.
Shared Utilities: Water is shared between units, which could complicate billing and management.

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