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1342 E 70th Street, Los Angeles, California 90001, Los Angeles, 90001 - bed, bath

1342 E 70th Street, Los Angeles, California 90001 home-pic-0
ACTIVE$1,900,000
1342 E 70th Street, Los Angeles, California 90001
0Bed
0Bath
4,092Sqft
6,719Lot
Year Built
2007
Close
-
List price
$1.9M
Original List price
$1.9M
Price/Sqft
$464
HOA
-
Days on market
-
Sold On
-
MLS number
RS25129272
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros.

Exceptional 4-Unit Income Property | Fully Metered | Low Maintenance Don’t miss this rare opportunity to own a high-performing, low-maintenance 4-unit income property. Each of the four identical units offers a spacious 3-bedroom, 2-bathroom layout—ideal for attracting long-term tenants and maximizing rental income. All units are individually metered for gas, water, and electricity, ensuring that tenants cover their own utility expenses, reducing your overhead and simplifying management. The property features a dedicated carport with two parking spaces per unit, providing convenient and secure parking for all residents. With its clean design, minimal upkeep, and strong rental appeal, this property is a smart addition to any investment portfolio. Whether you’re a seasoned investor or just getting started, this is a turnkey asset that checks all the boxes.

Price History

Date
Event
Price
06/09/25
Listing
$1,900,000
03/01/12
Sold
$399,000
04/05/05
Sold
$278,000
Condition Rating
Good
Built in 2007, this property is 18 years old, fitting within the 'Good' condition criteria for age (10-20 years). The MLS description highlights it as a 'low maintenance' and 'turnkey asset' with a 'clean design,' suggesting it is move-in ready with no immediate renovations required. The exterior images show a well-maintained building with clean stucco, functional-looking windows, and a tidy carport area, supporting the 'minimal upkeep' claim. While interior photos are not provided to assess kitchen, bathroom, and other internal features, the overall positive description and well-kept exterior indicate that major systems are functional and the property is in good, rentable condition.
Pros & Cons

Pros

High-Performing Income Property: This is an exceptional 4-unit income property, with each unit featuring a spacious 3-bedroom, 2-bathroom layout, ideal for attracting long-term tenants and maximizing rental income.
Individual Utility Metering: All units are individually metered for gas, water, and electricity, ensuring tenants cover their own utility expenses, which significantly reduces landlord overhead and simplifies management.
Newer Construction (2007): Built in 2007, the property is relatively new, suggesting modern building standards, potentially lower immediate maintenance costs, and better energy efficiency compared to older multi-family assets.
Dedicated Tenant Parking: The property features a dedicated carport with two parking spaces per unit, providing convenient and secure parking, a significant amenity in the Los Angeles market.
Low Maintenance & Turnkey: Described as a 'low-maintenance' and 'turnkey asset,' this property is appealing to both seasoned and new investors looking for a straightforward investment.

Cons

Location Specificity (Watts): The property's location in the Watts area (90001) may present specific market challenges or perceptions that could influence tenant pool and long-term appreciation compared to other Los Angeles submarkets.
Absence of Financials: The listing description lacks crucial financial details such as current rental income, expenses, or a projected capitalization rate, requiring significant upfront due diligence from potential investors.
Limited Unit-Specific Amenities: While spacious, the description does not highlight premium in-unit amenities (e.g., in-unit laundry, central air conditioning, private balconies/patios) that could differentiate the property and potentially command higher rents.

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