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1103 S Genesee Avenue, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1103 S Genesee Avenue, Los Angeles, California 90019 home-pic-0
ACTIVE$1,949,999
1103 S Genesee Avenue, Los Angeles, California 90019
0Bed
0Bath
Sqft
7,777Lot
Year Built
1933
Close
-
List price
$1.95M
Original List price
$2M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
V1-28295
Home ConditionGood
Features
Patio
View

About this home

We found 3 Cons,5 Pros. Rank: price - $1.95M(69th), sqft - 0(8th), beds - undefined(50th), baths - undefined(50th).

Nestled in the highly sought-after Wilshire Vista neighborhood, this stunning Spanish-style duplex offers tremendous curb appeal and the potential for above-market rents. Located in the charming Miracle Mile, this property is just a short stroll from Museum Row, including LACMA, the Petersen Automotive Museum, the Academy Museum of Motion Pictures, and the La Brea Tar Pits Museum. Enjoy an abundance of dining options, shopping, entertainment, and major work centers all within easy reach.This spacious duplex features six bedrooms, two offices, and four bathrooms, blending old-world Spanish charm with modern conveniences such as central heating and air, a dishwasher, garbage disposal, and in-unit washer and dryer.Additionally, the property is an excellent candidate for an accessory dwelling unit (ADU), offering the opportunity for additional rental income. Whether you're a savvy investor looking to buy and hold or seeking a prime development opportunity, this duplex is a rare gem in an unbeatable location.

Price History

Date
Event
Price
01/06/11
Sold
$208,500
12/20/07
Sold
$1,100,000
Condition Rating
Good
This 1933 Spanish-style duplex is in good, move-in ready condition. The kitchens have been extensively updated with modern white shaker cabinets, stainless steel appliances, and subway tile backsplashes, appearing to be renovated within the last 5-15 years. Modern conveniences like central heating and air, dishwasher, garbage disposal, and in-unit washer/dryer are present. While the bathrooms are clean and functional, they retain a more classic/vintage aesthetic with pedestal sinks and hexagonal floor tiles, suggesting they haven't undergone a full contemporary renovation. Overall, the property is well-maintained with significant updates, but its age and the classic style of some components prevent an 'Excellent' rating.
Pros & Cons

Pros

Prime Location: Nestled in the highly sought-after Wilshire Vista neighborhood within the charming Miracle Mile, offering walking distance to Museum Row, dining, shopping, entertainment, and major work centers.
Strong Income Potential: As a duplex, it offers potential for above-market rents, with an excellent opportunity to add an Accessory Dwelling Unit (ADU) for additional rental income.
Charming Spanish Architecture: Features a stunning Spanish-style design with tremendous curb appeal, blending old-world charm with modern living.
Modern Conveniences: Equipped with central heating and air, a dishwasher, garbage disposal, and in-unit washer and dryer, enhancing tenant appeal and owner comfort.
Spacious & Flexible Layout: Comprises six bedrooms, two offices, and four bathrooms, providing ample space and versatility for various living arrangements or rental configurations.

Cons

Age of Property: Built in 1933, the property's age may imply potential for deferred maintenance or the need for significant updates to core infrastructure (e.g., plumbing, electrical, roof) not explicitly mentioned as recently upgraded.
Potential for High Maintenance Costs: Older multi-unit properties often incur higher ongoing maintenance and repair expenses, which could impact an investor's net operating income over time.
Unspecified Parking: The property description does not detail parking availability (e.g., garage, dedicated off-street spaces), which can be a significant practical concern for tenants and owners in a dense urban area like Los Angeles.

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