2305 Walter Street, Huntington Park, California 90255, Huntington Park, 90255 - bed, bath
ACTIVE$850,000
2305 Walter Street, Huntington Park, California 90255
0Bed
0Bath
2,058Sqft
6,400Lot
Year Built
1912
Close
-
List price
$850K
Original List price
$875K
Price/Sqft
$413
HOA
-
Days on market
-
Sold On
-
MLS number
PW25105636
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $850.0K(73th), sqft - 2058(53th), beds - undefined(50th), baths - undefined(50th).
Priced to Sell!!! Come and see this Very well Kept Triplex. It is perfect for a 1st Time Home Buyer or a Savvy Investor. You may live in one of the units and rent the others! Unit #1 is 3 Bed/2BA, Unit #2 is 1 Bed/1Ba, Unit #3 is 1 Bed/1Ba.
Price History
Date
Event
Price
10/07/21
Sold
$840,000
11/22/05
Sold
$525,000
01/29/02
Sold
$257,000
07/09/01
Sold
$143,000
07/13/00
Sold
$266,755
Condition Rating
Fair
The property was built in 1912, making it over a century old. While the listing states it is 'Very well Kept,' there are no interior images provided to assess the condition, style, or features of the kitchen, bathrooms, appliances, flooring, or other critical interior components. The exterior appears maintained but clearly shows its age. Without evidence of recent, extensive renovations (especially within the last 15-30 years), it's highly probable that major systems and interior finishes are functional but outdated, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex with three distinct units (3 Bed/2 BA, 1 Bed/1 BA, 1 Bed/1 BA), offering significant rental income potential for investors.
Owner-Occupant Investment: Ideal for a first-time home buyer or savvy investor looking to live in one unit and rent out the others, effectively offsetting mortgage costs.
Motivated Seller/Value Proposition: Described as 'Priced to Sell!!!' and having a recent price reduction from $875,000 to $850,000, indicating a potentially attractive buying opportunity.
Well-Maintained Condition: The property is noted as 'Very well Kept,' suggesting good maintenance and potentially fewer immediate repair concerns for a buyer.
Diverse Unit Mix: The combination of a larger 3-bedroom unit and two smaller 1-bedroom units caters to a broader range of tenants, enhancing rental flexibility and demand.
Cons
Advanced Age of Property: Built in 1912, the property is over a century old, which may imply aging infrastructure, systems (plumbing, electrical, HVAC), and potential for higher maintenance costs or significant capital expenditures in the near future.
Lack of Specific Renovation Details: While described as 'well kept,' the listing lacks specific details on major system upgrades or recent renovations, leaving potential buyers uncertain about the true condition of critical components.
Absence of Parking/Amenity Information: The description does not mention parking availability or other common amenities (e.g., laundry facilities) crucial for multi-unit properties in an urban setting, which could impact tenant appeal and retention.