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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$1,095,000
1946 S La Salle Avenue, Los Angeles, California 90018
5Beds
2Baths
2,970Sqft
7,503Lot
Year Built
1908
Close
-
List price
$1.09M
Original List price
$1.09M
Price/Sqft
$369
HOA
-
Days on market
-
Sold On
-
MLS number
25607227
Home ConditionPoor
Features
View

About this home

Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.09M(65th), sqft - 2970(93th), 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!

Price History

Date
Event
Price
10/16/25
Listing
$1,095,000
Condition Rating
Poor
Built in 1908, this property shows significant age throughout. The kitchens and bathrooms are extremely dated, featuring original or very old wood cabinets, basic laminate countertops, outdated tile work, and old fixtures (e.g., fluorescent lighting in the main kitchen, dated medicine cabinets, and shower enclosures). Flooring consists of worn dark laminate, dated wood-look laminate, and old carpets. While the property appears functional and 'well-maintained' in terms of basic upkeep, it requires substantial rehabilitation and modernization to meet contemporary standards. The overall condition suggests that any renovations were done 30-50+ years ago, necessitating major capital investment for system upgrades and aesthetic overhauls.
Pros & Cons

Pros

Multiple Income Streams: The property offers a prime investment opportunity with a spacious main residence and two separate one-bedroom units, designed to generate diversified rental income and increase cash flow potential.
Flexible Use Options: Provides versatile options for investors, including long-term rentals, short-term rentals, or owner-occupancy with supplementary rental income from the additional units.
Strong Rental Demand: Located in an area with strong rental demand, enhancing the property's appeal for investors seeking consistent occupancy and returns.
Spacious Main Residence: The main residence features 5 large bedrooms and 2 bathrooms, offering ample space for family living or attracting larger tenant groups.
Convenient Location: Situated in a convenient Los Angeles location with easy access to amenities, transportation, and local attractions, appealing to a broad tenant base.

Cons

Age of Property & Potential for Updates: Built in 1908, the property, despite being 'well-maintained,' may require significant capital investment for system upgrades (e.g., plumbing, electrical) and modernization to meet contemporary standards and tenant expectations, as indicated by 'potential for customization'.
Ambiguity of Unit Legality: Listed as a 'Single Family Residence' but described as having 'two separate one-bedroom units' in addition to the main house. This discrepancy requires verification of the legal status and permitting of these additional units, which could impact financing, insurance, and future use.
Listing Price vs. Estimated Value: The current listing price is above the estimated market value, potentially indicating an aggressive pricing strategy or requiring a price adjustment to align with market expectations and attract value-conscious buyers.

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