1301 Seward St Street, Los Angeles, California 90028, Los Angeles, 90028 - 6 bed, 4 bath

ACTIVE$1,699,000
1301 Seward St Street, Los Angeles, California 90028
6Beds
4Baths
1,571Sqft
4,090Lot
Year Built
1921
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
$1,081
HOA
-
Days on market
-
Sold On
-
MLS number
OC25090855
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.70M(50th), sqft - 1571(33th), beds - 6(67th), baths - 4(67th).
Beautiful duplex in the Sunset Blvd and famous landmarks surrounding it. This property is a duplex. The front unit is 3/1 2nd unit is 2/2 and studio is 1/ beautifully done. Back house equally beautifully decorated. Currently it is being leased . Both are generating income of 9550$ a month. For more details email me at Rehana@realtyagent.com
Price History
Date
Event
Price
04/22/24
Sold
$1,210,000
08/19/15
Sold
$878,000
10/08/14
Sold
$735,000
11/01/04
Sold
$740,000
08/24/95
Sold
$135,000
Condition Rating
Fair
Built in 1921, this property is over a century old. While the description states it is 'beautifully done' and 'equally beautifully decorated,' suggesting recent cosmetic updates and good upkeep, the property analysis explicitly notes 'potential for outdated infrastructure despite cosmetic updates.' This indicates that while the aesthetics are appealing, major systems (plumbing, electrical, HVAC) are likely original or very old, functional but showing signs of being outdated and potentially nearing the end of their lifespan. It is move-in ready from a cosmetic standpoint and generating income, but a buyer should anticipate future investments in major system upgrades.
Pros & Cons
Pros
Prime Hollywood Location: Located in the highly desirable C20 Hollywood area, near Sunset Blvd and famous landmarks, ensuring strong rental demand and potential for continued appreciation.
Robust Rental Income: Currently generating a significant $9,550 per month, providing immediate and substantial cash flow for an investor.
Versatile Multi-Unit Configuration: Features three distinct units (3/1, 2/2, 1/1 studio), offering diversified income streams and catering to various tenant needs.
Aesthetically Pleasing & Well-Maintained: Described as 'beautifully done' and 'equally beautifully decorated,' suggesting attractive interiors and good upkeep, which enhances tenant appeal.
Proven Appreciation History: The property's sales history demonstrates consistent value growth over decades, indicating strong long-term investment potential in the market.
Cons
Advanced Age of Property: Built in 1921, the property is over a century old, which may lead to higher maintenance costs and potential for outdated infrastructure despite cosmetic updates.
Limited Interior Space: With 1571 sqft distributed among 6 beds and 4 baths across three units, the individual living spaces are likely quite compact, potentially limiting the tenant pool or rental rates for those seeking more room.
Unspecified Parking/Outdoor Amenities: In a dense urban environment like Hollywood, the lack of explicit mention of dedicated parking or significant private outdoor space could be a notable drawback for tenants.