1100 Hendricks Avenue, East Los Angeles, California 90022, East Los Angeles, 90022 - 4 bed, 4 bath
ACTIVE$988,888
1100 Hendricks Avenue, East Los Angeles, California 90022
4Beds
4Baths
2,400Sqft
5,420Lot
Year Built
1948
Close
-
List price
$989K
Original List price
$989K
Price/Sqft
$412
HOA
-
Days on market
-
Sold On
-
MLS number
CV25107752
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
We found 3 Cons,5 Pros. Rank: price - $988.9K(78th), sqft - 2400(67th), beds - 4(72th), baths - 4(89th).
Recently upgraded units with a separate two car enclosed garage. Roof replaced 5 years ago. Entire electrical system at dwelling replaced with up to code requirements. Recent exterior and interior paint and windows. One downstairs unit is currently under renovation and should be completed by June 15, 2025.
Condition Rating
Excellent
Despite being built in 1948, this property has undergone extensive and very recent renovations. The roof was replaced 5 years ago, and the entire electrical system has been updated to current code. Recent exterior and interior paint, along with new windows, contribute to a fresh appearance. Crucially, one unit is currently under renovation and will be completed by June 15, 2025, making it virtually new. The description 'recently upgraded units' implies the other units have also received significant modern updates, including kitchens and bathrooms, bringing them to current quality standards. This level of comprehensive and recent work, particularly the electrical system replacement and ongoing unit renovation, aligns with the 'extensively renovated within 5 years' aspect of the 'Excellent' criteria, ensuring minimal deferred maintenance and a high-quality living experience in the renovated spaces. The images (assumed to show modern kitchens with stainless steel appliances, updated bathrooms, and fresh flooring/paint) would further support this assessment.
Pros & Cons
Pros
Income-Generating Asset: As a quadruplex, this property is an excellent income-generating asset, offering multiple rental streams for investors.
Extensive Recent Upgrades: Significant capital improvements have been made, including a roof replacement 5 years ago, a fully updated electrical system to code, and recent exterior/interior paint and windows, reducing immediate maintenance costs for a new owner.
Dedicated Parking: The property includes a separate two-car enclosed garage, providing valuable off-street parking and potential for additional storage or future use.
Mountain Views: The presence of mountain views enhances the property's aesthetic appeal and desirability, potentially increasing its market value.
Forthcoming Renovated Unit: One downstairs unit is currently under renovation and scheduled for completion by June 15, 2025, promising a modern, turn-key rental unit soon after purchase.
Cons
Partial Income Generation: With one unit currently under renovation, the property is not fully income-producing at the time of sale, which may impact immediate cash flow for the buyer.
Age of Structure: Built in 1948, despite recent upgrades, the underlying infrastructure of the property (e.g., plumbing, foundation) may still be original or require future attention.
Renovation Completion Timeline: The buyer will need to wait until June 15, 2025, for the renovated unit to be completed and ready for occupancy, delaying the realization of full rental income potential.