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2316 2316 1/2 Barlow Street, Los Angeles, California 90033, Los Angeles, 90033 - bed, bath

2316 2316 1/2 Barlow Street, Los Angeles, California 90033 home-pic-0
ACTIVE$799,000
2316 2316 1/2 Barlow Street, Los Angeles, California 90033
0Bed
0Bath
1,848Sqft
6,375Lot
Year Built
1914
Close
-
List price
$799K
Original List price
$820K
Price/Sqft
$432
HOA
-
Days on market
-
Sold On
-
MLS number
DW24176038
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $799.0K(56th), sqft - 1848(44th), beds - undefined(50th), baths - undefined(50th).

Income Property opportunity in the heart of Boyle Heights! This 3-unit building is a diamond in the rough, loads of potential, just needs a little TLC. Perfect for savvy investors, or someone passionate with vision and know how. Each of the three units offers generous space and a flexible layout, making them ideal for modern updates. Whether you're looking to modernize interiors, enhance curb appeal, or explore potential upgrades, the possibilities are endless. The property has an area that could be transformed into a charming garden or communal space, enhancing the overall appeal for future tenants or residents. This property is currently tenant occupied, with the potential to increase rental income, as well as property value through updates and improvements. Live in one and rent out the other units or rent them all out, either way you can't lose with an income property. Its location is in a vibrant and evolving neighborhood which further adds to its appeal. It's next to the freeway and many amazing restaurants. Don't miss out on owning 3 units in the city of Boyle Heights.

Price History

Date
Event
Price
06/15/18
Sold
$560,000
Condition Rating
Poor
Built in 1914, this property is over a century old and explicitly described as a 'diamond in the rough' needing 'modern updates' and 'significant renovation.' The exterior images reveal extensive deferred maintenance, including peeling paint, weathered siding, and general disrepair. The presence of window AC units suggests outdated cooling systems. While tenant-occupied, indicating it's not entirely unlivable, the property clearly requires substantial repairs and rehabilitation to bring it to modern standards. Without interior photos, it's highly probable that kitchens and bathrooms are original or very old and would require full renovation.
Pros & Cons

Pros

Income-Generating Triplex: This property is a 3-unit building, offering an immediate income opportunity and flexibility for investors to live in one unit and rent out the others, or rent all three.
Prime Investment Potential: Described as a 'diamond in the rough' with 'loads of potential,' it's ideal for savvy investors looking to increase rental income and property value through strategic updates and improvements.
Vibrant & Evolving Neighborhood: Located in the heart of Boyle Heights, a 'vibrant and evolving neighborhood,' which enhances its appeal and potential for future appreciation and tenant demand.
Strategic Location & Accessibility: Its proximity 'next to the freeway and many amazing restaurants' provides excellent connectivity and access to amenities, making it attractive to potential tenants.
Flexible Layouts & Outdoor Space: Each unit offers 'generous space and a flexible layout' suitable for modern updates, and there's an area that could be transformed into a charming garden or communal space.

Cons

Significant Renovation Required: The property is explicitly stated as a 'diamond in the rough' and 'just needs a little TLC,' indicating substantial renovation and capital investment will be necessary to maximize its potential.
Age of Property: Built in 1914, the property is over a century old, suggesting potential for outdated systems, infrastructure, and the need for costly repairs or upgrades to meet modern living standards.
Tenant Occupancy Challenges: While providing income, current tenant occupancy can complicate renovation plans, property showings, and potential owner-occupancy, requiring careful management of existing leases.

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