RealKey
‪(213) 433-7766‬

1837 Beloit Avenue, Los Angeles, California 90025, Los Angeles, 90025 - 9 bed, 8 bath

1837 Beloit Avenue, Los Angeles, California 90025 home-pic-0
ACTIVE$2,999,000
1837 Beloit Avenue, Los Angeles, California 90025
9Beds
8Baths
4,671Sqft
6,975Lot
Year Built
1959
Close
-
List price
$3M
Original List price
$4M
Price/Sqft
$642
HOA
-
Days on market
-
Sold On
-
MLS number
SR24024260
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,6 Pros. Rank: price - $3.00M(79th), sqft - 4671(97th), beds - 9(97th), baths - 8(97th).

Welcome to 1835 - 1837 Beloit Ave Los Angeles. Located in the prime Tucker - Langdon Tract, this property offers a multitude of uses. Purchase as is and live in the 3 bedroom 2 bathroom main house while getting paid rents on the 6 units in the rear. Other options for more experienced investors would be to do a value add play and split the main house into 2 units creating 9 total units on this property. All units can be delivered vacant. Studios in the building next door are renting for $2,500 or more per month. All information to be verified by buyer and buyer's broker. Seller and Seller's Broker do not guarantee any information regarding property, square footage, use, zoning, or any other factor of the property. Buyer and buyer's broker to do their own due diligence and satisfy themselves.

Nearby schools

7/10
Nora Sterry Elementary School
Public,•K-5•0.2mi
5/10
Brockton Avenue Elementary School
Public,•K-5•1.0mi
6/10
Richland Avenue Elementary School
Public,•K-6•1.1mi
9/10
Overland Avenue Elementary School
Public,•K-5•1.4mi
8/10
Clover Avenue Elementary School
Public,•K-5•1.6mi
8/10
Edison Elementary School
Public,•PK-5•1.8mi
8/10
Grant Elementary School
Public,•PK-5•2.0mi
8/10
Mar Vista Elementary School
Public,•K-5•2.0mi
8/10
McKinley Elementary School
Public,•PK-5•2.0mi
9/10
Franklin Elementary School
Public,•PK-5•2.3mi
6/10
John Adams Middle School
Public,•6-8•2.6mi
8/10
Lincoln Middle School
Public,•6-8•2.8mi
6/10
University Senior High School
Public,•9-12•1.0mi
6/10
Venice Senior High School
Public,•9-12•3.1mi
8/10
Santa Monica High School
Public,•9-12•3.2mi
Condition Rating
Fair
Built in 1959, this property shows signs of being aged but maintained, with major components functional but outdated. The kitchen features very dated cream-colored flat-panel cabinets, tile countertops, and tile backsplash, along with a mix of older and newer stainless steel appliances, indicating piecemeal updates rather than a full renovation. Bathrooms also exhibit dated tile work. Flooring in main living areas is a dated ceramic tile. While livable, the property requires significant cosmetic and functional updates, particularly in the kitchen and bathrooms, to meet current quality and style standards, aligning with the 'fair' condition criteria and the listing's suggestion of a 'value-add play'.
Pros & Cons

Pros

Great Schools: Elementary School: Franklin Elementary School (9/10).
Prime Location: Located in the highly desirable Tucker - Langdon Tract in West Los Angeles, offering a premium address with strong market demand.
Substantial Income Potential: The property currently comprises a 3-bedroom main house and 6 additional units, providing significant immediate rental income opportunities.
Value-Add & Expansion Opportunity: Offers a clear path for experienced investors to split the main house into two units, potentially creating a total of 9 income-generating units.
Vacant Delivery: All units can be delivered vacant, allowing the buyer immediate flexibility for renovations, market-rate rent adjustments, and tenant selection.
Strong Market Rents: Nearby studios are reportedly renting for $2,500 or more per month, indicating robust rental demand and high income potential for the property's units.

Cons

Zoning & Use Discrepancy: The property is listed as a 'Single Family Residence' despite being described as a multi-unit property (7-9 units), requiring extensive buyer due diligence to confirm legal zoning and permitted use.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $3.999M to $2.999M, which may suggest previous overpricing or challenges in attracting buyers.
High Due Diligence Burden: The listing explicitly states that information regarding property, square footage, use, and zoning is not guaranteed, placing a considerable responsibility on the buyer for independent verification.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state