RealKey
‪(213) 433-7766‬

1946 S La Salle Avenue, Los Angeles, California 90018, Los Angeles, 90018 - 5 bed, 2 bath

1946 S La Salle Avenue, Los Angeles, California 90018 home-pic-0
ACTIVE$1,249,500
1946 S La Salle Avenue, Los Angeles, California 90018
5Beds
2Baths
3,970Sqft
7,503Lot
Year Built
1908
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$315
HOA
-
Days on market
-
Sold On
-
MLS number
25557675
Home ConditionPoor
Features
View

About this home

Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.25M(80th), sqft - 3970(96th), beds - 5(89th), baths - 2(50th).

Prime Investment Property with Multiple Income Streams this versatile investment opportunity features a spacious main residence with 5 bedrooms and 2 bathrooms, providing ample space for family living or long-term tenants. Additionally, the property includes two separate one-bedroom units, ideal for generating additional rental income or accommodating extended family members. Key Features: Main residence with 5 large bedrooms and 2 bathrooms Two standalone one-bedroom units, perfect for extra tenants or rental income, Well-maintained interior with potential for customizationSuitable for investors seeking diversified income streams Convenient location with easy access to amenities, transportation, and local attractions , Ample parking and outdoor space Investment Highlights: Multiple rental units increase cash flow potential Flexible use options long-term rentals, short-term rentals, or owner-occupier with rental income Strong rental demand in the area. This property offers a fantastic opportunity for investors looking to maximize returns through a combination of spacious main living and additional rental units. Don't miss out on this rare find!

Condition Rating
Poor
Built in 1908, this property shows significant age throughout. The kitchens and bathrooms are highly outdated with old cabinets, basic appliances (some newer, some very old), dated light fixtures, and worn flooring/carpets. While the description mentions a 'well-maintained interior,' the images reveal a property that has not undergone substantial renovation in many decades, likely 30-50+ years. Major systems (plumbing, electrical, HVAC) are almost certainly at or beyond their expected lifespan, requiring significant investment for updates and rehabilitation to meet modern standards and ensure long-term reliability. The overall condition suggests substantial repairs and modernization are needed.
Pros & Cons

Pros

Multiple Income Streams: The property offers diversified income potential with a spacious 5-bedroom main residence and two separate one-bedroom units, ideal for maximizing rental revenue.
Flexible Use Options: This investment allows for various strategies, including long-term rentals, short-term rentals, or owner-occupancy with supplementary rental income.
Strong Rental Demand: Located in an area with strong rental demand, ensuring a consistent pool of potential tenants and stable occupancy rates.
Spacious Main Residence: The main residence features 5 large bedrooms and 2 bathrooms, providing ample living space that appeals to larger families or multiple occupants.
Convenient Location: The property boasts easy access to local amenities, transportation, and attractions, enhancing its appeal to prospective tenants.

Cons

Significant Overpricing: The current listing price is approximately 24% above the estimated property value, suggesting it may be overpriced relative to current market conditions and comparable sales.
Age-Related System Updates: Built in 1908, the property likely requires substantial investment in updating major systems (e.g., plumbing, electrical, HVAC) to ensure long-term reliability, efficiency, and tenant satisfaction.
Required Customization Investment: While offering 'potential for customization,' this indicates the interior may not be fully modernized or optimized for current rental market preferences, necessitating additional capital expenditure to maximize rental income and appeal.

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