1530 W Temple Street, Los Angeles, California 90026, Los Angeles, 90026 - bed, bath
ACTIVE$850,000
1530 W Temple Street, Los Angeles, California 90026
0Bed
0Bath
2,267Sqft
4,400Lot
Year Built
1896
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$375
HOA
-
Days on market
-
Sold On
-
MLS number
DW24138519
Home ConditionPoor
Features
Excellent View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $850.0K(45th), sqft - 2267(45th), beds - undefined(50th), baths - undefined(50th).
Detached duplex, and investment opportunity in prime location minutes to historic Echo Park Lake and across the street from the Echo Park tennis courts, adjacent to DTLA and Dodger Stadium. Fully leased with decent rent flow with room for upside, with good long term tenants. Front home is a 3 bedroom 2 bath Victorian, 2 story home waiting to be restored, with a built out attic, and approximately 1480 sqft. Back detached house is 3 bedroom 1 and 1/2 baths and approximately 790 sqft. Priced to sell. Street parking only
Nearby schools
4/10
Betty Plasencia Elementary School
Public,•K-6•0.2mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.6mi
/10
Lake Street Primary School
Public,•K-1•0.6mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•0.7mi
6/10
Castelar Street Elementary School
Public,•K-5•1.2mi
2/10
Mayberry Street Elementary School
Public,•K-6•1.2mi
8/10
Clifford Street Elementary School
Public,•K-6•1.5mi
3/10
Elysian Heights Elementary School
Public,•K-6•1.6mi
5/10
Micheltorena Street Elementary School
Public,•K-5•1.7mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.7mi
7/10
Dorris Place Elementary School
Public,•K-6•2.0mi
8/10
Allesandro Elementary School
Public,•K-6•2.4mi
3/10
Sal Castro Middle School
Public,•6-8•0.5mi
2/10
Logan Street Elementary School
Public,•K-8•0.8mi
5/10
Virgil Middle School
Public,•6-8•1.9mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.3mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.7mi
6/10
Irving STEAM Magnet
Public,•6-8•3.6mi
3/10
Belmont Senior High School
Public,•9-12•0.5mi
8/10
John Marshall Senior High School
Public,•9-12•2.9mi
Condition Rating
Poor
Built in 1896, this property is explicitly described as 'waiting to be restored,' indicating a need for substantial repairs and rehabilitation. The exterior shows significant deferred maintenance with peeling paint, and the interior images reveal very dated styles in the bathroom and living areas, consistent with a lack of major renovations in many decades. While currently leased, its condition suggests major systems and aesthetics require significant capital investment to meet modern standards.
Pros & Cons
Pros
Prime Location: Strategically located minutes from historic Echo Park Lake, across from Echo Park tennis courts, and adjacent to DTLA and Dodger Stadium, offering high desirability and accessibility.
Investment Opportunity: A detached duplex property, ideal for investors seeking residential income, with existing tenants and clear potential for rent upside.
Stable Income Stream: Fully leased with decent rent flow and good long-term tenants, providing immediate and stable income for the new owner.
Architectural Character & Potential: The front home is a 3-bedroom, 2-bath Victorian, offering unique architectural charm and significant restoration potential to enhance its value.
City Lights View: The property boasts desirable city lights views, adding to its aesthetic appeal and market value.
Cons
Condition & Restoration Needs: The front Victorian home is explicitly stated as 'waiting to be restored,' indicating a need for significant capital investment and renovation work.
Age of Property: Built in 1896, the property is very old, which may imply outdated systems, potential structural issues, and higher maintenance costs.
Limited Parking: The property offers 'street parking only,' which can be a significant inconvenience and challenge in a dense urban area like Los Angeles.