2043 City View Avenue, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

2043 City View Avenue, Los Angeles, California 90033 home-pic-0
ACTIVE$650,000
2043 City View Avenue, Los Angeles, California 90033
0Bed
0Bath
1,512Sqft
4,000Lot
Year Built
1924
Close
-
List price
$650K
Original List price
$750K
Price/Sqft
$430
HOA
-
Days on market
-
Sold On
-
MLS number
CV25096348
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $650.0K(38th), sqft - 1512(38th), beds - undefined(50th), baths - undefined(50th).

100K PRICE REDUCTION for these TWO AMAZING UNITS at 2-bedroom each PLUS BONUS unit....extra income source. Kitchen has granite counter tops, backsplash and floors are ceramic tile. Ceiling fans in many areas, upgraded doors, etc. These units are in good shape and ALREADY RENTED OUT with great income! Great proximity to DTLA, CSULA, Hospitals, Freeways, Entertainment, etc. Rents are good and can be improved so come see for yourself! Also features a basement area for added storage.

Price History

Date
Event
Price
08/03/25
$650,000
05/01/25
$750,000
09/10/10
Sold
$300,000
04/13/10
Sold
$157,000
10/06/00
Sold
$211,000
09/27/99
Sold
$105,500
Condition Rating
Fair

The property, built in 1924, is nearly a century old. While the description mentions upgrades like granite countertops, ceramic tile floors, and ceiling fans, the visual evidence from the images suggests these updates were likely performed 15-30 years ago, not recently. The kitchen features older white appliances and basic white cabinets, and the bathroom, though clean, has dated granite and tile. The presence of wall-mounted AC units instead of central air further indicates outdated systems. The property is functional and appears maintained, but its age, dated finishes, and lack of modern amenities mean it requires minor updates to meet current standards, aligning with a 'Fair' condition.
Pros & Cons

Pros

Strong Income Potential: Property features two 2-bedroom units plus a bonus unit, all currently rented out and generating immediate income, with stated potential for rent increases.
Significant Price Adjustment: A recent $100,000 price reduction from the original list price indicates a motivated seller and potential for a favorable acquisition.
Excellent Central Location: Highly desirable proximity to Downtown LA (DTLA), CSULA, major hospitals, freeways, and entertainment venues, enhancing tenant demand and property value.
Well-Maintained with Upgrades: Units are described as being in 'good shape' with recent upgrades including granite countertops, ceramic tile flooring, ceiling fans, and upgraded doors.
Versatile Space & Storage: The inclusion of a bonus unit provides additional income or flexible use, complemented by a basement area offering valuable extra storage.

Cons

Advanced Age of Property: Built in 1924, the property is nearly a century old, which may imply potential for aging infrastructure, systems (plumbing, electrical, HVAC), and higher long-term maintenance costs.
Lack of Scenic Views: The property explicitly states 'view:None,' which could be a drawback for tenant appeal or future resale value in a competitive Los Angeles market where views are often prized.
Ambiguity of 'Bonus Unit' and Unit Size: While offering extra income, the legal status and specific details of the 'bonus unit' are unclear. Additionally, 1512 sqft for two 2-bedroom units plus a bonus unit suggests relatively compact living spaces per unit.

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