1709 Sichel Street, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath
ACTIVE$1,020,000
1709 Sichel Street, Los Angeles, California 90031
0Bed
0Bath
2,664Sqft
9,247Lot
Year Built
1938
Close
-
List price
$1.02M
Original List price
$1.02M
Price/Sqft
$383
HOA
-
Days on market
-
Sold On
-
MLS number
RS25033113
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.02M(46th), sqft - 2664(69th), beds - undefined(50th), baths - undefined(50th).
GREAT INVESTMENT opportunity in the great area of Los Angeles. These Fourplex, two-buildings consist of one bedroom and one bath each unit with a lot size of 9,247.The lot size offers plenty of space for parking space, landscaping and playground. This property is a perfect investment to start creating your own investment portfolio. Creating immediate rental opportunity to start fresh with new tenants. This property is minutes away from downtown LA, close to USC hospital, shopping centers, schools, restaurants and close to 5, 101, 101, 110 FWYS. This is a great opportunity!!
Nearby schools
4/10
Griffin Avenue Elementary School
Public,•K-5•0.4mi
3/10
Albion Street Elementary School
Public,•K-6•0.7mi
4/10
Bridge Street Elementary School
Public,•K-5•0.7mi
4/10
Gates Street Elementary School
Public,•K-5•0.8mi
2/10
Murchison Street Elementary School
Public,•K-6•1.0mi
3/10
Ann Street Elementary School
Public,•K-6•1.0mi
6/10
Multnomah Street Elementary School
Public,•K-5•1.3mi
2/10
Hillside Elementary School
Public,•K-5•1.6mi
4/10
Loreto Street Elementary School
Public,•K-5•1.7mi
4/10
Huntington Drive Elementary School
Public,•K-6•1.9mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.7mi
5/10
Glen Alta Elementary School
Public,•K-8•1.7mi
6/10
Hollenbeck Middle School
Public,•6-8•1.8mi
5/10
El Sereno Middle School
Public,•6-8•2.3mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•1.0mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•1.6mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.7mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•1.8mi
Price History
Date
Event
Price
05/18/99
Sold
$215,000
Condition Rating
Poor
Built in 1938, this property shows significant age and a clear lack of modern updates. The images reveal extremely dated kitchens and bathrooms with old cabinetry, worn laminate countertops, basic and likely original fixtures, and outdated flooring (linoleum/vinyl). All major systems and interior finishes appear to be well beyond their expected lifespan and require substantial rehabilitation and capital expenditure to meet current quality standards and tenant expectations. While the structure appears intact, the interior condition necessitates a full renovation.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as a 'GREAT INVESTMENT opportunity' with 'immediate rental opportunity' for new tenants, ideal for portfolio building.
Quadruplex Income Property: Comprising four separate 1-bedroom, 1-bath units, this property provides diversified rental income streams, a key advantage for residential income properties.
Generous Lot Size: The 9,247 sqft lot offers ample space for parking, landscaping, and potential future expansion or development (e.g., ADUs, subject to zoning), adding significant long-term value in Los Angeles.
Strategic Los Angeles Location: Highly desirable location 'minutes away from downtown LA,' close to USC hospital, shopping centers, schools, and restaurants, ensuring strong tenant demand.
Excellent Freeway Accessibility: Proximity to major freeways (5, 101, 110) enhances convenience for tenants and property value, offering easy commutes across the city.
Cons
Advanced Age & Potential for Deferred Maintenance: Built in 1938, the property is likely to require significant capital expenditures for system updates (e.g., plumbing, electrical, HVAC) and general renovations to maximize rental income and tenant appeal, which are not mentioned in the description.
Limited Unit Configuration: All four units are 1-bedroom, 1-bath, which may limit the target tenant demographic and potential rental income compared to properties offering larger unit types.
Unusual On-Market Date: The listed 'on_market_date' of 2025-02-13 is in the future, which could indicate a data entry error, a pre-listing status, or a strategic delay, potentially causing confusion or delaying immediate transaction.