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244 - 246 W 66th Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

244 - 246 W 66th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$499,999
244 - 246 W 66th Street, Los Angeles, California 90003
0Bed
0Bath
1,860Sqft
5,130Lot
Year Built
1924
Close
-
List price
$500K
Original List price
$660K
Price/Sqft
$269
HOA
-
Days on market
-
Sold On
-
MLS number
MB24199978
Home ConditionPoor
Features
Good View:
Deck
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $500.0K(17th), sqft - 1860(50th), beds - undefined(50th), baths - undefined(50th).

HUGE PRICE REDUCTION!!!! Investors Special! Welcome to this great investment opportunity. 244 and 246 W 66th St. is great income producing duplex. Add this gem to your real estate portfolio and see all the possibilities for even bigger returns on your investment. Centered in the heart of the city of Los Angeles, it's close to all the amenities LA has to offer. Just minutes away from the prestigious USC, as well as LA's favorite soccer team LAFC's BMO Stadium, LA coliseum and of curse LA Live with all its restaurants and entertainment including the home of The Lakers, Crypto.com Arena. Also minutes away from SoFi Stadium, YouTube theater, Intuit dome and much, much more. Large front unit is 5 beds and 2 baths, Rear unit is 1 bed one bath plus bonus studio. Sold as is. Do not disturb tenants.

Price History

Date
Event
Price
09/25/25
Price Change
$499,999
09/26/24
Listing
$660,000
Condition Rating
Poor
Built in 1924, this property is explicitly marketed as an 'Investors Special' and 'Sold as is,' indicating significant deferred maintenance. The exterior images reveal extensive disrepair, clutter, and what appears to be exposed framing and unfinished construction (e.g., image 6), suggesting potential structural issues or major renovation needs. While no interior photos are provided, the age and exterior condition strongly imply that the kitchen, bathrooms, and other systems are severely outdated, worn, and require substantial repairs and rehabilitation to meet modern standards and ensure safety and comfort. This aligns with the 'Poor' condition criteria, requiring major component repair and rehabilitation.
Pros & Cons

Pros

Strong Investment Potential: Marketed as an 'Investors Special' and an 'income producing duplex,' offering a clear path to rental revenue and portfolio growth.
Significant Price Reduction: A substantial price reduction from $660,000 to $499,999 presents an attractive entry point and potential for higher returns on investment.
Prime Urban Location: Situated in the heart of Los Angeles, providing excellent access to major universities (USC), sports arenas (BMO Stadium, LA Coliseum, Crypto.com Arena, SoFi Stadium), and entertainment hubs.
Multi-Unit Income Stream: Comprises a 5-bed/2-bath front unit, a 1-bed/1-bath rear unit, and a bonus studio, maximizing rental income potential and flexibility.
High Rental Demand Area: Proximity to USC and major entertainment venues ensures a consistent pool of potential tenants, supporting strong occupancy rates.

Cons

As-Is Sale Condition: The property is explicitly sold 'as-is,' indicating that the buyer will be responsible for any necessary repairs, upgrades, or deferred maintenance.
Tenant Occupancy Restrictions: The 'do not disturb tenants' clause suggests limited access for thorough inspections and could complicate the closing process or future plans for the property.
Advanced Age of Property: Built in 1924, the property is nearly a century old, likely requiring updates to major systems (plumbing, electrical, roof) and potentially incurring higher maintenance costs.

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