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10527 Croesus Avenue, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 2 bath

10527 Croesus Avenue, Los Angeles, California 90002 home-pic-0
ACTIVE$499,000
10527 Croesus Avenue, Los Angeles, California 90002
3Beds
2Baths
1,048Sqft
3,253Lot
Year Built
1921
Close
-
List price
$499K
Original List price
$510K
Price/Sqft
$476
HOA
-
Days on market
-
Sold On
-
MLS number
SB25148898
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,5 Pros. Rank: price - $499.0K(26th), sqft - 1048(50th), beds - 3(50th), baths - 2(50th).

This property features 3 bedrooms, 2 bathrooms (tax records indicate 2 bedrooms, 2 bathrooms; buyer to verify), an open floor plan with a large kitchen and living room, a newer roof, and newer solar panels. Great for a first-time buyer seeking supplemental income or a family looking for additional privacy and space, this home offers outstanding potential for immediate rental income and future appreciation. An exceptional investment opportunity in the heart of Los Angeles. This property features a fully completed Accessory Dwelling Unit (ADU), offering endless possibilities. Access to the carport through the alley. The ADU makes this property a strong income-generating asset. You can rent out the ADU or use it as a guest suite, home office, or private retreat. The property will be delivered vacant at the close of escrow, including the ADU, allowing you to rent it and secure top rent. Buyers to assume 25-year solar panels, there are about 18 of them, the lease is approximately $ 125 per month, its been 3 plus years

Price History

Date
Event
Price
09/09/25
Price Change
$499,000-2.2%
07/02/25
$510,000
05/23/12
Sold
$135,000
07/15/11
Sold
$95,500
Condition Rating
Poor
The main house, built in 1921, features a very dated kitchen with old appliances, basic cabinets, fluorescent lighting, and dated ceramic tile flooring. The bathrooms are similarly outdated with basic tile and visible peeling paint, indicating a need for substantial rehabilitation rather than minor updates. While the property benefits from a newer roof, newer solar panels, and a recently completed, modern ADU, the primary dwelling's core living spaces (kitchen and bathrooms) are in poor condition, requiring significant renovation to meet current standards and appeal.
Pros & Cons

Pros

Income-Generating ADU: The property features a fully completed Accessory Dwelling Unit (ADU), offering significant potential for immediate rental income or flexible use as a guest suite or home office.
Recent Major Upgrades: Includes a newer roof and newer solar panels, reducing immediate maintenance concerns and offering energy efficiency benefits.
Investment Potential: Positioned as an exceptional investment opportunity in the heart of Los Angeles, with strong potential for future appreciation.
Vacant Delivery: The property, including the ADU, will be delivered vacant at the close of escrow, allowing the new owner to secure top rental income immediately.
Modern Open Floor Plan: Features an open floor plan with a large kitchen and living room, appealing to contemporary living preferences and facilitating entertaining.

Cons

Solar Panel Lease Assumption: Buyers are required to assume a 25-year solar panel lease with an approximate monthly payment of $125, representing a long-term financial obligation.
Tax Record Discrepancy: There is a discrepancy between the listed 3 bedrooms/2 bathrooms and tax records indicating 2 bedrooms/2 bathrooms, requiring buyer verification and potentially impacting appraisal or financing.
Property Age: Built in 1921, the property is over 100 years old, which may imply older infrastructure and potential for more extensive maintenance requirements over time compared to newer constructions.

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