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10352 Anzac Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 7 bed, 5 bath

10352 Anzac Avenue, Los Angeles, California 90002 home-pic-0
ACTIVE$749,000
10352 Anzac Avenue, Los Angeles, California 90002
7Beds
5Baths
2,660Sqft
3,251Lot
Year Built
2006
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$282
HOA
-
Days on market
-
Sold On
-
MLS number
SB25028945
Home ConditionGood
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $749.0K(81th), sqft - 2660(93th), beds - 7(96th), baths - 5(96th).

Discover an exceptional investment opportunity in Watts, Los Angeles. This property features a spacious six-bedroom, four-bathroom main home, currently utilized as a non-conforming duplex, alongside a newly constructed, legally permitted Accessory Dwelling Unit (ADU) providing flexible rental options. The property is in good condition, with minimal deferred maintenance required. The main home offers significant rental income potential, while the ADU is delivered vacant and in pristine condition, ready for immediate occupancy. Situated near the 105 and 110 freeways, with convenient access to local amenities, including the Watts Towers Arts Center, Ted Watkins Memorial Park, and various shopping and dining options. The property is approximately 15 minutes from Los Angeles International Airport (LAX). This property is ideal for investors seeking a high cash-flow asset with the potential for value appreciation. Current rents are below market value, presenting an immediate opportunity to increase cash flow. Additionally, it offers possibilities for owner-occupiers looking to reside in one unit while generating rental income from the others.

Price History

Date
Event
Price
09/16/16
Sold
$325,000
08/20/09
Sold
$159,000
11/30/06
Sold
$495,000
Condition Rating
Good
The property was built in 2006, making it 18 years old, which falls within the 10-20 year age range for a 'Good' rating. The listing explicitly states the property is in 'good condition with minimal deferred maintenance required.' While the newly constructed ADU is in pristine condition with modern kitchens and bathrooms, the main home's original kitchens and bathrooms, though well-maintained, are likely 18 years old and not extensively renovated, preventing an 'Excellent' rating for the entire property. The overall condition suggests move-in readiness with functional systems and minimal wear.
Pros & Cons

Pros

Exceptional Income Potential: The property features a spacious main home (6 beds, 4 baths) and a legally permitted Accessory Dwelling Unit (ADU), offering flexible rental options and significant cash flow for investors or owner-occupiers.
New & Vacant ADU: The newly constructed ADU is legally permitted, in pristine condition, and delivered vacant, allowing for immediate market-rate rental income.
Value-Add Opportunity: Current rents for the main home are below market value, presenting an immediate opportunity for a new owner to increase cash flow and enhance property value.
Good Property Condition: The property is described as being in good condition with minimal deferred maintenance required, reducing immediate capital expenditure for a buyer.
Strategic Location & Accessibility: Convenient access to major freeways (105, 110), local amenities (Watts Towers, Ted Watkins Park), and proximity to LAX (15 minutes) enhances tenant appeal and potential appreciation.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3251, living area = 2660.
Non-Conforming Duplex Status: The main home is currently utilized as a 'non-conforming duplex,' which could present legal, financing, or insurance challenges and limit future modifications.
Limited Outdoor Space: With a lot size of 3251 sqft for a 2660 sqft main home plus an ADU, the available outdoor living space may be constrained.
Neighborhood Market Perception: While improving, the Watts area (Metropolitan South) may still face certain market perceptions that could influence tenant demand or long-term appreciation compared to other Los Angeles submarkets.

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