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1609 W 107th Street, County - Los Angeles, California 90047, County - Los Angeles, 90047 - bed, bath

1609 W 107th Street, County - Los Angeles, California 90047 home-pic-0
ACTIVE$650,000
1609 W 107th Street, County - Los Angeles, California 90047
0Bed
0Bath
1,794Sqft
5,672Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Income Potential: The property is a well-maintained triplex with three fully rented one-bedroom, one-bathroom units, providing immediate and stable rental income.
Top Cons:
Property Age: Built in 1949, the property's age suggests potential for aging infrastructure and systems that may require future maintenance or upgrades.

Compared to the nearby listings

Price:$650.0K vs avg $820.0K ($-170,000)21%
Size:1,794 sqft vs avg 1,920 sqft26%
Price/sqft:$362 vs avg $39137%

More Insights

Built in 1949 (76 years old).
Condition: Built in 1949, this triplex is described as 'well-maintained,' suggesting regular upkeep. However, the images, particularly the kitchen, reveal a significantly outdated style with tiled countertops, older white appliances, and dated cabinetry and flooring. While functional, these elements require substantial updates to meet current aesthetic and modern living standards. The exterior and garages also show signs of age. The property is not in disrepair, but its components are clearly aged and show signs of being outdated, aligning with the 'fair' condition criteria.
Year Built
1949
Close
-
List price
$650K
Original List price
$830K
Price/Sqft
$362
HOA
-
Days on market
-
Sold On
-
MLS number
DW25127303
Home ConditionFair
Features
Patio
View-

About this home

PRICE REDUCTION!!!Well-maintained triplex located in the Westmont neighborhood of Los Angeles County. Built in 1949, the property comprises three fully rented one-bedroom, one-bathroom units, each with its own dedicated garage separate from the living space. The total interior living area is approximately 1,794 square feet, situated on a 5,670 square foot lot. Approved floor plans for two ADUs with one bed and one bath each 505 sq ft. The property is situated just a few blocks from Inglewood and offers convenient access to major attractions and amenities. It's a short drive to SoFi Stadium, home to the Los Angeles Rams and Chargers, as well as the Kia Forum and the upcoming Intuit Dome, future home of the Los Angeles Clippers. The neighborhood is characterized by its accessibility, with nearby freeways facilitating easy commutes throughout the Los Angeles area.

Price History

Date
Event
Price
12/28/21
Sold
$640,000
09/30/11
Sold
$230,000
10/04/05
Sold
$455,000
09/20/04
Sold
$285,000
Condition Rating
Fair
Built in 1949, this triplex is described as 'well-maintained,' suggesting regular upkeep. However, the images, particularly the kitchen, reveal a significantly outdated style with tiled countertops, older white appliances, and dated cabinetry and flooring. While functional, these elements require substantial updates to meet current aesthetic and modern living standards. The exterior and garages also show signs of age. The property is not in disrepair, but its components are clearly aged and show signs of being outdated, aligning with the 'fair' condition criteria.
Pros & Cons

Pros

Strong Income Potential: The property is a well-maintained triplex with three fully rented one-bedroom, one-bathroom units, providing immediate and stable rental income.
Significant ADU Expansion Opportunity: Approved floor plans for two additional 1-bed, 1-bath ADUs offer substantial potential to increase future rental income and overall property value.
Strategic Location: Situated just blocks from Inglewood, the property offers convenient access to major attractions like SoFi Stadium, Kia Forum, and the upcoming Intuit Dome, enhancing its appeal to tenants.
Excellent Accessibility: The neighborhood benefits from nearby freeways, facilitating easy commutes throughout the greater Los Angeles area.
Dedicated Parking: Each of the three units includes its own dedicated garage, a valuable amenity in the Los Angeles market.

Cons

Property Age: Built in 1949, the property's age suggests potential for aging infrastructure and systems that may require future maintenance or upgrades.
Unit Configuration: All units are 1-bedroom, 1-bathroom, which may limit the tenant demographic and potential rental income ceiling compared to properties with larger unit mixes.
Recent Price Reductions: Multiple significant price reductions from the original list price could indicate market resistance or initial overpricing, potentially raising questions for prospective buyers.

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