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2301 Daly Street, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath

2301 Daly Street, Los Angeles, California 90031 home-pic-0
ACTIVE$898,000
2301 Daly Street, Los Angeles, California 90031
0Bed
0Bath
2,758Sqft
6,712Lot
Year Built
1923
Close
-
List price
$898K
Original List price
$898K
Price/Sqft
$326
HOA
-
Days on market
-
Sold On
-
MLS number
WS24161557
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $898.0K(38th), sqft - 2758(69th), beds - undefined(50th), baths - undefined(50th).

COME CHECK OUT THIS GREAT INVESTMENT OPPORTUNITY FOR A 4-UNITS PROPERTY IN THE PRIME AREA OF LINCOLN HEIGHTS. RECORDS SHOW 3-UNITS BUT ACTUALLY THERE ARE 4 UNITS ON THE PROPERTY SINCE THE OWNER PURCHASED IT. UNITS CONSISTS OF THE FOLLOWING: 2301 DALY ST. (1 bedroom, 1 bath), 2305 DALY ST. (2 bedroom, 1.5 baths), 2429 MANITOU AVE. (2 bedrooms, 1 bath), 2431 MANITOU AVE., (1 bedroom, 1 bath). THERE IS GREAT UPSIDE POTENTIAL WITH GOOD TENANTS. CENTRALLY LOCATED NEAR 5, 10, 60, 101, 110 FREEWAYS. CLOSE TO SCHOOLS, TRANSPORTATION, DODGER STADIUM, LA GENERAL MEDICAL CENTER, USC KECK HEALTH SCIENCE CAMPUS, CHINATOWN, DOWNTOWN LA, CAL STATE UNIVERSITY LOS ANGELES, CLOSE TO PASADENA, SAN GABRIEL VALLEY. GREAT FOR INVESTOR OR LIVE IN ONE AND RENT OUT THE OTHERS. NICE YARD, OPEN SPACE INCLUDING A BASEMENT FOR STORAGE. THERE ARE 2 WATER METERS, 4 GAS AND 4 ELECTRIC METERS. EACH UNIT PAYS FOR THEIR OWN TRASH. COME CHECK IT OUT AND MAKE IT YOUR OWN!!!

Nearby schools

3/10
Albion Street Elementary School
Public,•K-6•0.3mi
4/10
Griffin Avenue Elementary School
Public,•K-5•0.4mi
4/10
Gates Street Elementary School
Public,•K-5•0.6mi
2/10
Hillside Elementary School
Public,•K-5•0.9mi
3/10
Ann Street Elementary School
Public,•K-6•1.0mi
4/10
Loreto Street Elementary School
Public,•K-5•1.0mi
6/10
Multnomah Street Elementary School
Public,•K-5•1.3mi
4/10
Bridge Street Elementary School
Public,•K-5•1.4mi
2/10
Murchison Street Elementary School
Public,•K-6•1.4mi
4/10
Huntington Drive Elementary School
Public,•K-6•1.6mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.0mi
5/10
Glen Alta Elementary School
Public,•K-8•1.3mi
5/10
El Sereno Middle School
Public,•6-8•2.2mi
6/10
Hollenbeck Middle School
Public,•6-8•2.5mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•0.7mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.7mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•2.3mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.5mi
Condition Rating
Fair
Built in 1923, this property is over 100 years old. While it appears functional and occupied, the images reveal significantly outdated conditions, particularly in the kitchens and bathrooms. Kitchens feature older wood cabinets, laminate countertops, basic stainless steel sinks, and dated white appliances (gas range, older refrigerator). Flooring varies from worn blue carpet to dated small square tiles and some older-style laminate/hardwood. Bathrooms have dated beige/tan wall tiles, basic pedestal sinks, and standard white fixtures. Light fixtures are generally basic and older. The property shows signs of regular upkeep but has not undergone a major renovation in several decades (likely 20-30+ years ago for any updates), aligning with the 'Fair' category. It requires substantial modernization to meet current quality standards and realize its 'upside potential'.
Pros & Cons

Pros

Investment Opportunity & Upside Potential: Explicitly marketed as a 'GREAT INVESTMENT OPPORTUNITY' with 'GREAT UPSIDE POTENTIAL WITH GOOD TENANTS', indicating strong financial growth prospects.
Excellent Location & Accessibility: Centrally located with easy access to major freeways (5, 10, 60, 101, 110) and close proximity to key destinations like Dodger Stadium, Downtown LA, USC Keck Health Science Campus, and Chinatown.
Four-Unit Income Property: Offers significant income potential from four distinct units, providing diversified rental revenue streams.
Separately Metered Utilities: Features 2 water meters, 4 gas meters, and 4 electric meters, with tenants responsible for their own trash, significantly reducing landlord operating expenses.
Versatile Use & Diverse Unit Mix: Ideal for both pure investors and owner-occupants ('live in one and rent out the others'), with a mix of 1-bedroom and 2-bedroom units catering to various tenant needs.

Cons

Unpermitted Unit / Legal Non-Conforming Status: Records show 3 units, but the property is advertised as having 4 units, which poses significant legal, permitting, and potential financing challenges for a buyer.
Age of Property (1923): Built in 1923, the property is over a century old, likely requiring substantial capital expenditure for system upgrades (plumbing, electrical), structural maintenance, and modernization to meet current standards and tenant expectations.
Potential for Significant Renovation Costs: While offering 'upside potential,' the age and nature of an investment property often imply that substantial renovation and modernization costs may be necessary to maximize rental income and property value, which is not detailed in the listing.

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