1037 W 98th Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$725,000
1037 W 98th Street, Los Angeles, California 90044
0Bed
0Bath
1,501Sqft
4,109Lot
Year Built
1930
Close
-
List price
$725K
Original List price
$725K
Price/Sqft
$483
HOA
-
Days on market
-
Sold On
-
MLS number
SB25060589
Home ConditionPoor
Features
Patio
View-
About this home
We found 4 Cons,5 Pros. Rank: price - $725.0K(39th), sqft - 1501(18th), beds - undefined(50th), baths - undefined(50th).
The owner has decided to keep the property and has rented the previously available unit. Thank you for your interest.
Price History
Date
Event
Price
07/10/25
Sold
$700,000
04/27/22
Sold
$640,000
Condition Rating
Poor
Built in 1930, this property is nearly a century old. While the interior appears clean and maintained, the kitchen and bathrooms are significantly outdated, featuring older wood cabinets, laminate countertops, dated appliances, and vintage tile work (e.g., pink/peach bathroom tiles). These areas would require substantial renovation to meet current standards and appeal. The hardwood floors show wear, and light fixtures are basic and older. Given the age and the visible condition of key areas, major systems (electrical, plumbing, HVAC) are likely original or very old, necessitating significant rehabilitation beyond minor updates, even if the property is currently habitable and rented.
Pros & Cons
Pros
Income-Generating Potential: As a duplex (Residential Income property), it offers the inherent advantage of generating rental income from one or both units, or accommodating multi-generational living.
Prime Los Angeles Location: Situated in Los Angeles, a highly desirable and competitive real estate market, which generally supports strong property values and rental demand.
Historical Character: Built in 1930, the property likely possesses unique architectural details and a sense of historical charm that can appeal to specific buyers looking for character homes.
Positive Appreciation Trend: The sales history indicates a positive appreciation trend, with the property selling for $640,000 and then $700,000, suggesting a growing market value.
Manageable Lot Size: The 4,109 sqft lot provides adequate outdoor space for residents without being excessively large or difficult to maintain, a practical advantage in an urban setting.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-07-10. The sold price is $700,000.00.
Property Unavailable for Sale: The most critical weakness is the explicit statement in the description that 'The owner has decided to keep the property and has rented the previously available unit,' indicating it is currently not available for purchase despite its 'Active' status.
Significant Age & Potential for Extensive Upgrades: Built in 1930, the property is nearly a century old, which strongly suggests a high probability of requiring substantial investment in updating major systems (e.g., electrical, plumbing, HVAC) and addressing potential deferred maintenance.
Lack of Detailed Property Information: The listing provides very limited descriptive information regarding the interior condition, number of bedrooms/bathrooms per unit, recent renovations, or specific features, making it difficult for potential buyers to evaluate its true condition and value without an in-depth inspection.