152 W 111th Place, Los Angeles, California 90061, Los Angeles, 90061 - bed, bath
ACTIVE$1,135,000
152 W 111th Place, Los Angeles, California 90061
0Bed
0Bath
3,900Sqft
6,911Lot
Year Built
2019
Close
-
List price
$1.14M
Original List price
$1.3M
Price/Sqft
$291
HOA
-
Days on market
-
Sold On
-
MLS number
IV25105399
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $1.14M(83th), sqft - 3900(92th), beds - undefined(50th), baths - undefined(50th).
Excellent investment opportunity! This income-producing property is ideal for investors seeking stable cash flow from day one. Each unit offers functional layouts and reliable tenants already in place. Recent updates: New flooring, Cement Parking Pad, New Landscaping, and Paint. Property is being sold as-is with tenants included, please do not disturb.
Price History
Date
Event
Price
09/23/25
Price Change
$1,135,000-8.1%
08/10/25
Price Change
$1,235,000-1.6%
08/01/25
$1,255,000
05/13/25
$1,299,999
02/13/19
Sold
$855,000
06/12/18
Sold
$300,000
Condition Rating
Excellent
The property was built in 2019, making it only 5 years old, which falls within the 'built within 10 years' criteria for an excellent rating. The listing also notes recent updates including new flooring and paint. While the kitchen features basic white appliances, the black cabinets, granite-look countertops, and tile backsplash are modern and in excellent condition. Bathrooms are clean, functional, and well-maintained with neutral tiling. Overall, the property shows virtually new components with no visible deferred maintenance.
Pros & Cons
Pros
Investment Opportunity & Immediate Cash Flow: Explicitly marketed as an excellent income-producing property, offering stable cash flow from day one, ideal for investors.
Newer Construction: Built in 2019, the property benefits from modern construction standards and is likely to require less immediate maintenance compared to older assets.
Established & Reliable Tenancy: With reliable tenants already in place, the property provides immediate income generation and reduces vacancy risk for the new owner.
Recent Property Upgrades: Recent updates including new flooring, a cement parking pad, new landscaping, and fresh paint enhance the property's appeal and reduce immediate capital expenditures for the buyer.
Desirable City Lights View: The property boasts a desirable 'City Lights' view, adding aesthetic value and potentially commanding a premium in the market.
Cons
As-Is Sale Condition: The property is being sold 'as-is,' meaning the buyer assumes all responsibility for any potential repairs or undisclosed issues without seller contribution.
Tenant Occupied with Restricted Access: Being sold with tenants included and a 'do not disturb' clause limits access for thorough inspections and showings, potentially complicating due diligence and future owner-occupancy plans.
History of Price Reductions: Multiple price reductions from the original list price may indicate initial overpricing, market resistance, or perceived issues, which could raise buyer concerns.