1202 W 90th Place, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$985,000
1202 W 90th Place, Los Angeles, California 90044
0Bed
0Bath
2,520Sqft
6,971Lot
Year Built
1939
Close
-
List price
$985K
Original List price
$1,000K
Price/Sqft
$391
HOA
-
Days on market
-
Sold On
-
MLS number
PW24132110
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $985.0K(79th), sqft - 2520(64th), beds - undefined(50th), baths - undefined(50th).
GREAT OPPORTUNITY! To own this three units in a two building lot. First units offer 3Bedrroms and 2Baths. Second units offer 1Bedroon and 1Bath. Third unit offer 1Bedroom 1Bath with a bonus room. All units have it own private patio and one car garage except the three bedroom house have it own driveway and patio. Long Term tenants. All units have washer and dryer hook ups. Sold with tenants possession... PLEASE DON OT DISTURB!!!
Condition Rating
Poor
The property was built in 1939, making it 85 years old. There is no indication of recent major renovations; in fact, the listing explicitly states 'Sold with tenants possession... PLEASE DON OT DISTURB!!!' and mentions 'Long Term tenants,' which strongly suggests the interiors have not been updated to modern standards. The property analysis also highlights the 'Age of Property' and 'potential for significant deferred maintenance, outdated systems (electrical, plumbing), and higher capital expenditure requirements.' Without interior access, we must assume kitchens, bathrooms, flooring, and major systems are severely dated, likely 30-50+ years old, requiring substantial repairs and rehabilitation to meet current living standards. The exterior images show an aged property with overgrown landscaping, consistent with a lack of recent investment in modernization.
Pros & Cons
Pros
Strong Income Potential: A triplex with three distinct units (3-bed/2-bath, 1-bed/1-bath, 1-bed/1-bath + bonus room) offers diversified and significant rental income streams.
Tenant Stability: The presence of 'Long Term tenants' suggests a stable income history and potentially lower turnover costs for a new owner, providing immediate cash flow.
Individual Unit Amenities: Each unit benefits from private patios, individual parking (garage/driveway), and in-unit washer/dryer hookups, significantly enhancing tenant appeal and rental value.
Desirable Los Angeles Market: Located in Los Angeles, a robust and high-demand rental market, supporting consistent occupancy and potential for long-term property appreciation.
Two-Building Configuration: The property consists of two separate buildings, offering enhanced privacy for tenants and potential flexibility in management or future use.
Cons
Tenant Occupied Sale & Limited Access: Being 'Sold with tenants possession' and the 'DO NOT DISTURB' directive severely restricts buyer access for showings, inspections, and immediate owner-occupancy or renovation, posing significant challenges for due diligence and closing.
Age of Property: Built in 1939, the property is older, suggesting potential for significant deferred maintenance, outdated systems (electrical, plumbing), and higher capital expenditure requirements in the near future.
Potential for Tenant Issues: Acquiring a property with existing long-term tenants, especially without direct interaction, carries inherent risks related to lease terms, rent control, and potential difficulties in tenant management or eviction if needed.