RealKey
‪(213) 433-7766‬

1017 S Alfred Street, California, Los Angeles, 90035 - 4 bed, 3 bath

1017 S Alfred Street, California home-pic-0
ACTIVE$1,990,000
1017 S Alfred Street, California
4Beds
3Baths
3,100Sqft
7,429Lot
Year Built
1936
Close
-
List price
$1.99M
Original List price
$1.99M
Price/Sqft
$642
HOA
-
Days on market
-
Sold On
-
MLS number
23231619
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.99M(38th), sqft - 3100(74th), beds - 4(62th), baths - 3(50th).

EXCEPTIONAL INVESTMENT OPPORTUNITY. Location, location, location. Beautiful French Normandy duplex located in the Beverly Hills adjacent area.Walking distance to shopping and restaurants. The expansive 7,400 square foot lot provides a luscious backyard with a mature citrus tree, a perfect space for quiet nights or outdoor entertaining. Rare semi-private alley access, and 2 garages that can fit up to 3 cars plus a carport that can fit an RV. The lower unit has 2 bedrooms and 1 bath and the upper unit has 2 bedrooms and 2 bathrooms. The property is well-suited to add up to two ADUs (buyer to verify). Seller has invested in substantial building upgrades in the past few years while retaining the original charm of the house. Each room has been meticulously decorated. Large windows, easy-maintenance vinyl flooring, and plenty of storage throughout the unit. The kitchen is equipped with stainless steel appliances. This is a turn-key property ready for it's next owner. This property is part of the South Cathay HPOZ.

Nearby schools

5/10
Carthay Center Elementary
Public,•K-5•0.4mi
4/10
Crescent Heights Boulevard Elementary School
Public,•K-5•0.8mi
7/10
Hancock Park Elementary School
Public,•K-5•1.1mi
8/10
Horace Mann Elementary School
Public,•K-8•0.6mi
7/10
John Burroughs Middle School
Public,•6-8•2.2mi
3/10
Daniel Webster Middle School
Public,•6-8•4.0mi
7/10
Fairfax Senior High School
Public,•9-12•1.9mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•1.9mi
9/10
Beverly Hills High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
05/05/23
Sold
$1,843,000
08/22/19
Sold
$1,505,000
Condition Rating
Good
Despite being built in 1936, the property has undergone 'substantial building upgrades in the past few years,' making it turn-key and move-in ready. The kitchen features modern stainless steel appliances and a contemporary range hood. Bathrooms are updated with new vanities, modern fixtures, and clean tile work. The 'easy-maintenance vinyl flooring' throughout is consistent and appears well-maintained. While updated, some elements like the kitchen countertops and certain light fixtures are functional and clean but not high-end, preventing an 'Excellent' rating. The property shows minimal wear and tear and is in good overall condition.
Pros & Cons

Pros

Great Schools: High School: Beverly Hills High School (9/10).
Prime Location & Walkability: Located in a highly desirable Beverly Hills adjacent area, offering excellent walkability to shopping and restaurants, enhancing lifestyle and property value.
Significant Income & Value-Add Potential: As a duplex with the potential to add up to two Accessory Dwelling Units (ADUs), this property offers exceptional investment opportunity and multiple income streams.
Generous Outdoor Space & Ample Parking: Features an expansive 7,400 sq ft lot with a luscious backyard for entertaining, complemented by rare semi-private alley access and parking for up to 3 cars plus an RV.
Turn-Key with Preserved Historic Charm: The property is turn-key, having received substantial recent upgrades while meticulously retaining its original French Normandy architectural charm and character.
Desirable Duplex Configuration: Comprises two well-configured units (2 bed/1 bath and 2 bed/2 bath), appealing to a broad range of tenants or owner-occupiers seeking rental income.

Cons

HPOZ Restrictions: Being part of the South Cathay HPOZ (Historic Preservation Overlay Zone) may impose limitations and additional requirements on future exterior renovations or modifications.
Potential Overpricing: The current listing price of $1.99M is 8% higher than the estimated property value, which could indicate it is overpriced relative to market analytics.
Extended Market Time: The property has been on the market since January 2023, suggesting a longer selling period that might indicate buyer hesitation or perceived value concerns.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state