146 E 89th Street, Los Angeles, California 90003, Los Angeles, 90003 - 6 bed, 3 bath

146 E 89th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$949,000
146 E 89th Street, Los Angeles, California 90003
6Beds
3Baths
3,522Sqft
5,388Lot
Year Built
1961
Close
-
List price
$949K
Original List price
$949K
Price/Sqft
$269
HOA
-
Days on market
-
Sold On
-
MLS number
PW25035889
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $949.0K(86th), sqft - 3522(95th), beds - 6(93th), baths - 3(81th).

Situated in the heart of Broadway-Manchester, this expansive triplex offers a prime investment opportunity with 3,522 sqft of living space on a generous lot featuring ample private parking—ideal for investors or owner-occupants looking to maximize rental income. The property includes three 2-bedroom, 1-bath units, with a two-story front building housing two units and a detached back unit offering added privacy for potential owner occupancy. Fully enclosed with wrought iron fencing for added security, the property also boasts spacious front and back yards perfect for gatherings, summer BBQs, or providing a safe play space for children, along with dedicated rear parking. Each unit features tile flooring in the living areas and kitchens, bright windows for natural light, and ceiling fans for year-round comfort, while kitchens are equipped with natural wood cabinetry, gas stove/oven, double stainless steel sinks, refrigerators, and space for dining; bedrooms offer hardwood flooring and mirrored sliding door closets, and bathrooms include tile flooring, bathtub/shower combos, and ample storage. Ideally located in a vibrant, family-friendly neighborhood with easy access to restaurants, parks, retail, and grocery stores, and easy access to the 105 and 110 freeways, making commuting effortless across LA. Within close proximity to Inglewood and DTLA hotspots like SoFi Stadium, YouTube Theater, Kia Forum, Grand Central Market, Crypto.com Arena, LA Live, and Union Station—giving you the ultimate city lifestyle and everything LA has to offer, without the high ticket price tag. This opportunity will not last!

Price History

Date
Event
Price
06/27/19
Sold
$650,000
02/28/11
Sold
$241,000
03/22/10
Sold
$168,000
Condition Rating
Fair

Built in 1961, this triplex is aged but appears to be maintained. The kitchens feature 'natural wood cabinetry' and 'gas stove/oven' with 'double stainless steel sinks,' suggesting functional but dated aesthetics, likely from updates 15-30 years ago. Bathrooms have 'tile flooring' and 'bathtub/shower combos,' which are also functional but not modern. The property lacks central air conditioning, relying on ceiling fans, and the overall interior is noted as having 'potential for interior modernization.' While not in disrepair, the property shows signs of being outdated and would benefit from minor updates to meet current standards.
Pros & Cons

Pros

Prime Investment Opportunity: This expansive triplex offers a clear investment opportunity with three 2-bedroom, 1-bath units, ideal for maximizing rental income or owner-occupancy with rental offset.
Strategic Location & Accessibility: Ideally located in a vibrant, family-friendly neighborhood with easy access to major freeways (105 & 110) and proximity to key LA hotspots like SoFi Stadium, DTLA, and entertainment venues.
Ample Private Parking: The property features generous private and dedicated rear parking, a significant advantage in Los Angeles, enhancing tenant convenience and property value.
Spacious Living & Outdoor Areas: With 3,522 sqft of living space and a generous lot including spacious front and back yards, the property offers ample room for tenants and outdoor activities.
Enhanced Security Features: The property is fully enclosed with wrought iron fencing, providing an added layer of security and privacy for residents.

Cons

Age of Property & Infrastructure: Built in 1961, the property's age suggests potential for older underlying infrastructure (e.g., plumbing, electrical, roof) that may require significant capital expenditures in the future.
Absence of Central Air Conditioning: The description only mentions ceiling fans for comfort, indicating a lack of central air conditioning, which is a highly desired amenity in Los Angeles and could impact tenant appeal and rental rates.
Potential for Interior Modernization: While functional, the description of 'natural wood cabinetry' and 'tile flooring' suggests that interior aesthetics may be dated and could benefit from modernization to attract higher-paying tenants or maximize rental income.

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