1315 W 102nd Street, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

1315 W 102nd Street, Los Angeles, California 90044 home-pic-0
ACTIVE$875,000
1315 W 102nd Street, Los Angeles, California 90044
0Bed
0Bath
2,392Sqft
9,105Lot
Year Built
1949
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
$366
HOA
-
Days on market
-
Sold On
-
MLS number
PW25014640
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $875.0K(70th), sqft - 2392(64th), beds - undefined(50th), baths - undefined(50th).

Introducing 1315 W. 102nd St., a rare investment opportunity featuring four detached single-family homes, each offering 1 bedroom and 1 bathroom, on a spacious 9,105 sq. ft. lot in Los Angeles. Located west of the 110 Freeway, near the Westmont and Vermont Vista neighborhoods, this property is situated in a growing rental market with strong demand. Each home is equipped with heating and air conditioning, a rare amenity in this area, ensuring year-round comfort for tenants. The property also includes four garages, ample parking, and significant ADU potential, providing an excellent opportunity for expansion and increased rental income. Additionally, three of the four homes will be delivered vacant at the close of escrow, offering immediate leasing opportunities or the option for owner-occupancy. This is an exceptional chance to own an income-generating property with long-term growth potential in a desirable location.

Price History

Date
Event
Price
12/06/12
Sold
$338,000
Condition Rating
Poor

The property, built in 1949, exhibits significant age and wear throughout its interiors. The kitchens feature very outdated appliances, basic cabinets, and old flooring (linoleum/tile), indicating that any renovations are likely 30-50+ years old. The visible bathroom also shows extremely dated yellow tiling. While the structures appear sound and HVAC is mentioned, the overall condition of the finishes, fixtures, and appliances requires substantial rehabilitation and modernization to meet contemporary living standards.
Pros & Cons

Pros

Income-Generating Quadruplex: The property features four detached single-family homes, providing a robust income-generating asset with diversified rental streams.
Immediate Leasing Potential: Three of the four units will be delivered vacant at close of escrow, offering immediate opportunities for market-rate leasing or owner-occupancy.
Significant ADU Potential: The spacious lot and property configuration present a strong opportunity for adding Accessory Dwelling Units, enhancing future income and property value.
Ample Parking & Lot Size: A generous 9,105 sq. ft. lot includes four dedicated garages and additional parking, a valuable amenity in the Los Angeles market.
Individual HVAC Systems: Each unit is equipped with heating and air conditioning, a desirable feature that enhances tenant comfort and marketability, especially in this area.

Cons

Property Age: Built in 1949, the property may necessitate ongoing maintenance and potential capital expenditures for system updates and renovations to remain competitive.
Limited Unit Size: All units are 1 bedroom, 1 bathroom, which could restrict the tenant pool and potentially limit the maximum achievable rental income compared to properties with larger unit configurations.
Maintenance Complexity: Managing and maintaining four separate detached structures can lead to increased operational complexity and potentially higher maintenance costs compared to a single multi-unit building.

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