1241 W 95th Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$1,890,000
1241 W 95th Street, Los Angeles, California 90044
0Bed
0Bath
4,669Sqft
9,237Lot
Year Built
1952
Close
-
List price
$1.89M
Original List price
$1.98M
Price/Sqft
$405
HOA
-
Days on market
-
Sold On
-
MLS number
AR25027704
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.89M(97th), sqft - 4669(94th), beds - undefined(50th), baths - undefined(50th).
This newly built 4-unit multi-family property is located in Westmont, South Los Angeles, offering easy access to schools, parks, shopping centers, and major highways like the 105 and 405.
Price History
Date
Event
Price
03/06/20
Sold
$545,000
04/30/13
Sold
$163,000
08/04/03
Sold
$238,000
Condition Rating
Excellent
Despite the original build year of 1952, the listing explicitly states 'newly built' and the provided images strongly support this. The exterior shows modern finishes and new windows, while the interior image reveals a contemporary kitchen with new stainless steel appliances, modern cabinetry, solid-surface countertops, and recessed lighting. All visible components appear new or virtually new, indicating a comprehensive and recent renovation or rebuild to current quality standards.
Pros & Cons
Pros
New Construction Quadruplex: This property is explicitly described as a 'newly built 4-unit multi-family property,' offering modern construction, reduced immediate maintenance, and strong income potential for investors.
Strategic Los Angeles Location: Situated in Westmont, South Los Angeles, the property boasts excellent accessibility to schools, parks, shopping centers, and major highways (105 & 405), enhancing tenant appeal and convenience.
Robust Investment Type: As a quadruplex in the Los Angeles market, it represents a highly sought-after residential income property, ideal for investors seeking consistent cash flow and long-term appreciation.
Generous Property Dimensions: With a substantial building size of 4669 sqft on a large 9237 sqft lot, the property provides ample space for multiple units and potential for future enhancements or outdoor amenities.
Desirable Market Demand: Located in the high-demand Los Angeles metropolitan area, the property benefits from a strong rental market and inherent potential for value appreciation.
Cons
Year Built Discrepancy: The listing states 'newly built' yet indicates a 'year_built: 1952,' which could create confusion regarding the actual age of the structure or the extent of renovation/reconstruction, requiring further clarification.
Significant Investment Threshold: Priced at $1.89 million, this property represents a substantial investment, potentially narrowing the pool of eligible buyers and requiring a robust financial analysis to justify the acquisition.
Recent Price Reduction: A recent price reduction from $1.98 million to $1.89 million, while potentially attracting new interest, could also suggest an initial overpricing or market resistance that warrants further investigation.