154 W 59th Place, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$800,000
154 W 59th Place, Los Angeles, California 90003
0Bed
0Bath
2,400Sqft
5,415Lot
Year Built
1923
Close
-
List price
$800K
Original List price
$875K
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
IN24129498
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $800.0K(57th), sqft - 2400(76th), beds - undefined(50th), baths - undefined(50th).
Investors dream . 4 units property. Very beautiful and located close to the 110 freeway. It is on a quiet street.
Price History
Date
Event
Price
04/01/03
Sold
$280,500
11/27/02
Sold
$356,895
02/06/01
Sold
$315,000
11/09/99
Sold
$174,000
Condition Rating
Poor
Built in 1923, this property is over 100 years old. The single exterior image reveals significant deferred maintenance, including faded paint, cracked porch elements, and a rusty fence, indicating a general state of disrepair. The complete absence of interior photos or any mention of recent renovations strongly suggests that the kitchens, bathrooms, and other interior spaces are severely outdated and in poor condition, likely requiring full replacement. Major systems such as plumbing, electrical, and HVAC are almost certainly original or very old, necessitating substantial repairs and rehabilitation to meet modern standards and safety codes.
Pros & Cons
Pros
Income-Generating Asset: As a quadruplex property, it offers four distinct units, making it an ideal investment for generating multiple rental income streams.
Strategic Location: Its close proximity to the 110 freeway provides excellent accessibility, which is attractive for tenants and contributes to potential property value appreciation.
Quiet Street Setting: Located on a quiet street, the property offers a more peaceful living environment, enhancing its appeal to prospective tenants.
Price Adjustment: The property has seen a significant price reduction from its original list price of $875,000 to $800,000, potentially indicating a motivated seller or a more competitive offering.
Generous Lot Size: With a lot size of 5,415 sqft, there is ample space that could potentially be utilized for outdoor amenities, parking, or future development, subject to local zoning regulations.
Cons
Advanced Age of Property: Built in 1923, the property is over 100 years old, which typically implies a higher likelihood of deferred maintenance, outdated systems (plumbing, electrical), and potentially significant renovation costs.
Limited Property Details: The provided description is very brief and lacks crucial information regarding the condition of individual units, current rental income, recent upgrades, or specific amenities, creating uncertainty for potential buyers.
Absence of Views: The property explicitly states 'None' for views, which may limit its overall desirability and potential for premium rental rates compared to properties offering scenic vistas.