120 S Clarence Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath
ACTIVE$839,900
120 S Clarence Street, Los Angeles, California 90033
0Bed
0Bath
2,316Sqft
5,248Lot
Year Built
1923
Close
-
List price
$840K
Original List price
$900K
Price/Sqft
$363
HOA
-
Days on market
-
Sold On
-
MLS number
WS25114229
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $839.9K(60th), sqft - 2316(60th), beds - undefined(50th), baths - undefined(50th).
Great location. Total 4 Units - two separate duplex. Front duplex 2 BR 2 BA. Rear duplex 4BR 2BA. Short walking distance to Metro Gold Line station and park. Across the street from new homes. Minutes from the Arts District and Little Tokyo, Convenient access to the 101, 10, and 5 freeways. Laminated wood or tile floor. Rear units have Ductless Mini Split Air Conditioner. 4 on-site parking spaces. One 2-bedroom back unit is vacant and freshly painted. Ready for the owner to occupy. Living in one unit and collecting rent to pay for the expenses. LARD3 zoning.
Price History
Date
Event
Price
10/16/25
Price Change
$839,900
05/21/25
Listing
$899,900
09/07/11
Sold
$265,000
07/20/05
Sold
$340,000
10/17/01
Sold
$20,000
Condition Rating
Fair
The property was built in 1923, making it very old. While the description mentions 'freshly painted' and 'laminated wood or tile floor,' and 'Ductless Mini Split Air Conditioner' for the rear units, the images reveal a kitchen with dated white cabinets, older tile flooring, basic laminate countertops, and an older white refrigerator. The overall aesthetic of the kitchen suggests a renovation that is likely 20-30 years old, not recent. The exterior also shows its age. The property appears functional and maintained, but many components are outdated, requiring minor updates to meet current standards. The absence of bathroom images prevents a full assessment of those areas, but based on the visible kitchen, the property falls into the 'fair' category, indicating it's aged but maintained with functional systems that show signs of being outdated.
Pros & Cons
Pros
Strong Income Potential: This quadruplex offers significant rental income opportunities, with one 2-bedroom unit currently vacant and freshly painted, ideal for owner-occupancy to offset mortgage expenses.
Exceptional Location & Transit Access: Boasting a prime location with short walking distance to the Metro Gold Line station and a park, minutes from the Arts District and Little Tokyo, and convenient access to major freeways (101, 10, 5).
Favorable LARD3 Zoning: The LARD3 zoning designation provides potential for future density or redevelopment, enhancing the property's long-term value and investment appeal.
Dedicated On-Site Parking: The property includes 4 on-site parking spaces, a valuable amenity in a dense urban area like Los Angeles, offering convenience for residents.
Partial Modernization: Rear units feature Ductless Mini Split Air Conditioners and units have laminated wood or tile flooring, indicating some level of modernization and comfort.
Cons
Advanced Property Age: Built in 1923, the property is nearly a century old, which may imply potential for higher maintenance costs and outdated infrastructure in some areas.
Inconsistent Cooling System: Only the rear units are specified to have Ductless Mini Split Air Conditioners, suggesting the front units may lack modern cooling, which could be a drawback in Los Angeles' climate.
Recent Price Reduction: The property has undergone a recent price reduction from $899,900 to $839,900, which could indicate market resistance or perceived overpricing at its initial listing.