1617 S Highland Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 4 bed, 4 bath

1617 S Highland Avenue, Los Angeles, California 90019 home-pic-0
ACTIVE$1,220,000
1617 S Highland Avenue, Los Angeles, California 90019
4Beds
4Baths
2,232Sqft
5,015Lot
Year Built
1939
Close
-
List price
$1.22M
Original List price
$1.25M
Price/Sqft
$547
HOA
-
Days on market
-
Sold On
-
MLS number
25501415
Home ConditionGood
Features
Good View:
View

About this home

We found 2 Cons,3 Pros. Rank: price - $1.22M(34th), sqft - 2232(75th), beds - 4(68th), baths - 4(77th).

1617 and 1619 S. Highland Avenue, is comprised of 2 units situated in the diverse Mid City neighborhood of Los Angeles. Each unit is 2 bedroom 2 bathroom and offers an open floor plan with a spacious living room, dining area, hardwood floors, updated kitchen, laundry room, new central AC & furnace for both the front & back house, new plumbing, new electrical, and new windows. The back unit is brand new and was built in 2022. Has separate suite bathrooms, stainless steel appliances, recessed lights etc. It is currently tenant-occupied. The front unit which is owner-occupied is also 2 bedroom 2 baths and was remodeled inn 2018 with a newer kitchen, recessed lights, stainless steel appliances, roof installed 2020, and a front grassy yard that is enclosed with a fence and tall bushes creating a very usable private outdoor space. Front unit will be delivered vacant. Located in the heart of Mid-City, adjacent to sought-after residential neighborhoods like Lafayette Square and Country Club Park, and just minutes from vibrant Korea-town. This property offers easy access to the I-10 freeway and is conveniently close to public transportation, making commuting effortless. Back unit shown upon accepted offer.

Price History

Date
Event
Price
08/31/18
Sold
$657,000
Condition Rating
Good

The property consists of two units. The back unit, built in 2022, features modern amenities and stainless steel appliances, indicating excellent condition. The front unit, remodeled in 2018, has a newer kitchen and stainless steel appliances, suggesting good condition. While the property was originally built in 1939, the extensive renovations to both units, particularly the new construction of the back unit, justify a 'good' condition score. The presence of new systems (AC, plumbing, electrical, windows) further supports this assessment.
Pros & Cons

Pros

Dual Income Potential: The property features two separate units, a remodeled front house and a new construction back house, offering excellent rental income potential.
Updated Systems: Both units benefit from new central AC & furnace, plumbing, electrical, and windows, reducing potential maintenance costs.
Prime Location: Located in the desirable Mid-City area, close to Lafayette Square, Country Club Park, Korea-town, and with easy access to the I-10 freeway and public transportation.

Cons

Tenant Occupied: The back unit is currently tenant-occupied, potentially limiting immediate owner occupancy or requiring tenant management.
Price Reduction: The property has experienced a price reduction, which may indicate market resistance or perceived value concerns.

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