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2258 Duane Street, Los Angeles, California 90039, Los Angeles, 90039 - bed, bath

2258 Duane Street, Los Angeles, California 90039 home-pic-0
ACTIVE$1,388,000
2258 Duane Street, Los Angeles, California 90039
0Bed
0Bath
1,619Sqft
7,651Lot
Year Built
1910
Close
-
List price
$1.39M
Original List price
$1.48M
Price/Sqft
$857
HOA
-
Days on market
-
Sold On
-
MLS number
PF24220138
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.39M(75th), sqft - 1619(33th), beds - undefined(50th), baths - undefined(50th).

Spanish style triplex in one of the best locations around. This triplex is a short walk from the picturesque Silver Lake Reservoir. Duane Street takes you straight to the always energetic Silver Lake Dog park. The triplex is divided into two buildings with two units, spanish style, in front and a house (bungalow) in the rear. The two units in front are comprised of a 1 bedroom 1 bath and a 2 bedroom 1 bath. The back house is a 1 bedroom 1 bath with a large front yard and beautiful avocado tree. There is a separate structure in between that can be used as storage or possibly convert to studio via ADU. There is a two car carport in rear. One of the front units has an assigned parking spot in front of their unit. There is plenty of outside space for lounging or entertaining. This property puts you in the center of the bustling nightlife scene in Silver Lake, Los Feliz, Echo Park and Downtown LA. You are also close to Whole Foods, restaurants and shopping.

Condition Rating
Fair
Built in 1910, this triplex shows signs of regular upkeep but lacks significant modern renovations. The kitchens feature dated white painted cabinets, older laminate countertops, basic sinks, and standard appliances, along with patterned linoleum/tile flooring. Bathrooms are similarly outdated with older tile, basic vanities/pedestal sinks, and dated fixtures. Cooling is provided by window AC units or older wall-mounted split systems, indicating no central HVAC. While the property appears clean and functional, its major components and finishes are clearly outdated and would require minor to moderate updates to meet contemporary standards and appeal.
Pros & Cons

Pros

Prime Silver Lake Location: Situated in a highly desirable Silver Lake neighborhood, offering proximity to the Silver Lake Reservoir, Dog Park, vibrant nightlife, Whole Foods, and diverse dining and shopping options.
Income-Generating Triplex: A multi-unit property (triplex) providing three distinct rental units (1B/1B, 2B/1B, 1B/1B bungalow), offering significant income potential and investment diversification.
ADU Conversion Potential: Includes a separate structure with potential for conversion into an Accessory Dwelling Unit (ADU), which could further enhance rental income and property value.
Desirable Architectural Style: Features charming Spanish-style architecture for the front units, a sought-after aesthetic that adds character and curb appeal.
Ample Outdoor Space & Parking: Offers generous outdoor areas for lounging and entertaining, along with practical amenities like a two-car carport and an assigned parking spot, crucial in Los Angeles.

Cons

Historic Property Age: Built in 1910, the property's age suggests potential for significant capital expenditures on deferred maintenance, system upgrades (plumbing, electrical), and modernization.
Compact Unit Sizes: With a total of 1619 sqft across three units, individual unit sizes may be relatively small, potentially limiting appeal to tenants seeking more spacious living arrangements.
Recent Price Reduction: The property has undergone a price reduction from its original list price, which could indicate a longer market time or initial overpricing, potentially signaling buyer hesitation.

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