1315 E 68th Street, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath
ACTIVE$979,999
1315 E 68th Street, Los Angeles, California 90001
0Bed
0Bath
2,406Sqft
5,378Lot
Year Built
1913
Close
-
List price
$980K
Original List price
$1.1M
Price/Sqft
$407
HOA
-
Days on market
-
Sold On
-
MLS number
SR24139457
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $980.0K(93th), sqft - 2406(86th), beds - undefined(50th), baths - undefined(50th).
Attention home buyers and investors don't miss out on this incredible opportunity in South Central L.A. This LCR3 zoning property, features a Duplex. Front unit include 2 bedrooms,1 bath, laundry room. Back unit two story building includes 4 bedrooms,2 bathrooms, spacious kitchen. The property features various fruit trees. Located walking distances from schools, church, stores and HWY.
Price History
Date
Event
Price
06/16/22
Sold
$290,000
05/29/13
Sold
$225,000
02/05/07
Sold
$440,000
01/05/05
Sold
$397,000
11/05/97
Sold
$105,000
10/18/95
Sold
$32,500
10/18/95
Sold
$32,500
Condition Rating
Fair
Built in 1913, this property is over a century old. While it has received updates, the kitchen features dated wood cabinets, basic white tile flooring, and older black appliances. The bathroom includes a corner jetted tub with beige tile and peach walls, indicative of renovations from 15-30 years ago. The overall aesthetic is functional but significantly outdated, requiring substantial cosmetic and likely systemic updates to meet modern standards. It is livable but shows clear signs of age and deferred maintenance in style and finishes.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, offering immediate potential for rental income from two separate units, ideal for investors or owner-occupants seeking supplemental income.
LCR3 Zoning: Significant LCR3 zoning provides excellent development potential, allowing for higher density and future expansion opportunities, which can enhance long-term value.
Strategic Location & Walkability: Conveniently located within walking distance to schools, churches, stores, and with easy access to major highways, enhancing tenant appeal and accessibility.
Flexible Unit Configuration: Features a desirable unit mix with a 2-bedroom/1-bath front unit and a larger 4-bedroom/2-bath two-story back unit, catering to diverse tenant needs and maximizing rental potential.
Recent Price Adjustment: The property has seen a significant price reduction from its original list price of $1.1M to $979,999, indicating increased value and a more attractive entry point for buyers.
Cons
Advanced Age of Property: Built in 1913, the property is over a century old, suggesting a high likelihood of requiring substantial capital investment for modernization and system upgrades.
Potential for Deferred Maintenance: Given its age, the property likely has outdated systems (plumbing, electrical) and potential deferred maintenance, which could lead to unexpected repair costs for a new owner.
Neighborhood Perception: Located in South Central L.A., the area may carry certain perceptions that could influence buyer interest or future appreciation, despite local amenities.