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1822 -1824 Seigneur Avenue, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath

1822 -1824 Seigneur Avenue, Los Angeles, California 90032 home-pic-0
ACTIVE$915,000
1822 -1824 Seigneur Avenue, Los Angeles, California 90032
0Bed
0Bath
1,384Sqft
6,673Lot
Year Built
1940
Close
-
List price
$915K
Original List price
$915K
Price/Sqft
$661
HOA
-
Days on market
-
Sold On
-
MLS number
GD24211118
Home ConditionPoor
Features
Good View: City Lights
Deck
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $915.0K(67th), sqft - 1384(17th), beds - undefined(50th), baths - undefined(50th).

These 2 units are an ideal setup for effortless entertaining or relaxed afternoons. A rare opportunity in a prime location of " University Hills ", quiet Cul-de sac. Upstairs consists of 2 bedrooms 1 bath, with large window that bring in a plenty of natural light, creating a bright and airy atmosphere. In addition, a wonderful deck with views located off the back door for B.B.Q's, morning coffee and overall relaxing or entertaining. The property features an attached finished garage completed with well-done job, can be used for remote work or a storage. Downstairs, has 1 bedroom and 1 bath plus additional 2 rooms. Whether you're an investor or a homeowner with a vision, this property offers an ideal development opportunity. You can enjoy the community's amenities. All units will be deliver with tenants on premises. All great tenants paid on time with proof of rent receipts for the last 2 years. SEE IT FOR YOUSELF!!!

Price History

Date
Event
Price
10/28/21
Sold
$610,000
Condition Rating
Poor
Built in 1940, this property shows significant age throughout. The kitchens feature very dated white laminate countertops, basic white flat-panel cabinets, older white appliances, linoleum/vinyl flooring, and fluorescent lighting, indicating no major updates in 30-50+ years. Bathrooms are similarly outdated with old vanities, small square tile flooring, and older tiled shower/tub combos. While the property appears functional, the interior aesthetics, fixtures, and likely major systems (as hinted by the 'Property Age & Potential Updates' weakness in the MLS description) require substantial repairs and rehabilitation to meet modern standards. The overall condition suggests it is livable but very uncomfortable by contemporary expectations, aligning with the 'Poor' category.
Pros & Cons

Pros

Established Rental Income: The property is a duplex with existing, reliable tenants who have consistently paid rent for the past two years, ensuring immediate cash flow for an investor.
Desirable Location & Views: Situated in the prime 'University Hills' area on a quiet cul-de-sac, offering appealing city lights views and a dedicated deck for outdoor enjoyment.
Development & Value-Add Potential: Explicitly marketed as an 'ideal development opportunity' for investors or homeowners, suggesting room for expansion or significant renovation given the lot size.
Flexible & Functional Spaces: Includes a finished attached garage suitable for remote work or storage, along with additional rooms downstairs, providing versatile living or utility options.
Abundant Natural Light & Outdoor Living: The upstairs unit benefits from large windows providing ample natural light, complemented by a wonderful deck perfect for entertaining and relaxation.

Cons

Property Age & Potential Updates: Built in 1940, the property may require significant investment in updating systems, infrastructure, or aesthetics to meet modern standards and avoid deferred maintenance issues.
Tenant Occupancy at Closing: All units will be delivered with tenants in place, which could complicate immediate owner-occupancy plans or extensive renovation projects due to tenant rights and potential eviction processes.
Substantial Price Increase: The current list price of $915,000 represents a significant increase from its last sale price of $610,000 in 2021, potentially requiring strong justification through recent improvements or market analysis.

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