1626 1628 E 32nd Street, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$750,000
1626 1628 E 32nd Street, Los Angeles, California 90011
0Bed
0Bath
1,132Sqft
5,006Lot
Year Built
1905
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25029097
Home ConditionPoor
Features
ViewNeighborhood
About this home
Duplex for sale in Los Angeles***Front unit has two-bedroom, one bathroom plus one bedroom not permitted*** Second unit has two -bedroom one bathroom***Garage for two car with his own bath (not permitted) available for owner ( not include in either the two units) 4 parking in back *** one parking in front ***two parking for each unit *** One parking for owner. ***Excellent opportunity for investors!!!!**
Price History
Date
Event
Price
02/07/25
$750,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,132 | 1,988 | 8% |
| Lot Size | 5,006 | 5,364 | 25% |
| Price | $750K | $710K | 58% |
| Price per square foot | $663 | $348.5 | 92% |
| Built year | 1905 | 9610962 | 13% |
| HOA | |||
| Days on market | 271 | 178 | 83% |
Condition Rating
Poor
Built in 1905, this property is over a century old with no visible evidence of major, recent renovations. The description explicitly mentions 'not permitted' areas (extra bedroom, garage bath), indicating potential code violations and a need for substantial rehabilitation to meet current safety and building standards. Images show basic, dated interiors and unfinished spaces, with no clear views of updated kitchens or bathrooms, suggesting these critical areas are likely in poor condition and require significant investment.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, explicitly marketed as an 'Excellent opportunity for investors,' providing two distinct rental income streams.
Abundant Parking: A significant advantage in Los Angeles, the property offers a rare total of 8 parking spaces (4 rear, 1 front, 2 per unit, 1 owner).
Central Los Angeles Location: Situated in Mid Los Angeles (MLS Area C16), a high-demand and appreciating rental market.
Value-Add Potential: The presence of unpermitted spaces (extra bedroom, garage with bath) offers an opportunity for a savvy investor to legalize and potentially increase livable square footage and rental income.
Diversified Rental Income: Having two separate units reduces vacancy risk and provides a more stable income stream compared to a single-family rental.
Cons
Unpermitted Structures: Significant portions, including an extra bedroom and a garage with a bathroom, are unpermitted, posing legal risks and requiring potential costly legalization or removal.
Advanced Age of Property: Built in 1905, the property is over a century old, likely requiring substantial updates to plumbing, electrical, and other core systems, and potentially having deferred maintenance.
Limited Permitted Square Footage: The listed 1132 sqft is relatively small for a duplex, potentially limiting the rental income ceiling per unit compared to larger properties in the area.