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1972 N Marianna Avenue, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath

1972 N Marianna Avenue, Los Angeles, California 90032 home-pic-0
ACTIVE$799,999
1972 N Marianna Avenue, Los Angeles, California 90032
0Bed
0Bath
1,592Sqft
4,467Lot
Year Built
1935
Close
-
List price
$800K
Original List price
$940K
Price/Sqft
$503
HOA
-
Days on market
-
Sold On
-
MLS number
SB25091016
Home ConditionPoor
Features
Good View: Hills, Mountain(s)
Patio
ViewHills, Mountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $800.0K(50th), sqft - 1592(25th), beds - undefined(50th), baths - undefined(50th).

Calling all home buyers, investors and developers. We are pleased to offer this duplex for sale in the El Sereno. Live in one and rent the other. Two units; 1 bedroom + 1 bathroom and 2 bedrooms 1 bathroom. This duplex offers the perfect blend of comfort and convenience; situated just minutes away from Cal State LA and the 10 and 710 freeways. Ideal for families or investors, this duplex presents a unique opportunity in a rapidly growing area. In addition, there are 3 adjacent lots zoned R1 that are being sold as well with this duplex; Listing IDs: SB25091032, SB25091026, SB25091023. Don't miss your chance to grow your portfolio and own this fantastic property in El Sereno.

Price History

Date
Event
Price
10/11/25
Price Change
$799,999
05/05/25
Listing
$940,000
Condition Rating
Poor
Built in 1935, this property is very old. The exterior images reveal significant wear, peeling paint, cracked stucco, and general disrepair, indicating substantial deferred maintenance. The listing description targets 'investors and developers,' which strongly suggests the property requires extensive renovation. Without interior photos, it's reasonable to infer that the kitchen, bathrooms, and other interior components are in a similarly aged and neglected state, necessitating major updates and repairs to meet current living standards.
Pros & Cons

Pros

Significant Development Opportunity: The inclusion of 3 adjacent R1 zoned lots with the duplex offers substantial potential for future development, expansion, or increased land value, presenting a rare investment opportunity.
Income-Generating Duplex: As a duplex with two distinct units (1B/1B and 2B/1B), the property provides immediate rental income potential, ideal for investors or owner-occupiers seeking supplemental income.
Strategic Location & Accessibility: Strategically located minutes from Cal State LA, ensuring strong rental demand, and offering excellent access to the 10 and 710 freeways for convenient commuting.
Growth Market Potential: Situated in El Sereno, identified as a 'rapidly growing area,' indicating strong potential for property appreciation and increased investor interest.
Desirable Scenic Views: The property features attractive 'Hills, Mountain(s)' views, enhancing its aesthetic appeal and overall desirability.

Cons

Substantial Price Reduction: A significant price drop from $940,000 to $799,999 suggests potential market resistance or initial overpricing, which may warrant further investigation into its perceived value.
Age of Structure: Built in 1935, the duplex is an older property, likely requiring considerable updates, renovations, or ongoing maintenance to modernize and maximize its rental potential.
Potential for Renovation Needs: The listing emphasizes development potential, implying that the existing duplex units may require significant investment for upgrades to attract premium tenants or achieve optimal market value.

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