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250 N Alvarado Street 3/4, Los Angeles, California 90026, Los Angeles, 90026 - 6 bed, 3 bath

250 N Alvarado Street 3/4, Los Angeles, California 90026 home-pic-0
ACTIVE$895,000
250 N Alvarado Street 3/4, Los Angeles, California 90026
6Beds
3Baths
2,319Sqft
5,677Lot
Year Built
1906
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$386
HOA
-
Days on market
-
Sold On
-
MLS number
CV25046901
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $895.0K(45th), sqft - 2319(45th), beds - 6(82th), baths - 3(73th).

This versatile property features TWO SEPARATE UNITS, each with its OWN PRIVATE ENTRANCE. The front unit offers 3 bedrooms and 1 full bathroom, boasting bright and airy living spaces. The back unit includes 3 bedrooms plus A BONUS ROOM and 2 full bathrooms, providing ample space for larger households or guests. With approximately 2,319 sq ft of living space on a 5,675 sq ft lot, this R4-zoned property presents a fantastic investment opportunity. This home is situated near dining, shopping, and easy access to Downtown LA. This duplex is ideal for owner-occupants or investors seeking a property with rental potential in a rapidly evolving community.

Price History

Date
Event
Price
03/03/25
Listing
$895,000
Condition Rating
Poor
Built in 1906, this property exhibits significant age and a clear lack of modern updates. The kitchen is highly dated with basic, possibly original, cabinetry, simple countertops, and cheap laminate flooring. Other interior spaces feature worn hardwood floors and dated ceiling fans. The overall condition, coupled with the property's age, indicates a need for substantial rehabilitation, including likely major system upgrades (plumbing, electrical, HVAC) to meet contemporary standards and ensure long-term functionality and safety. This aligns with the 'Poor' classification, requiring substantial repairs and rehabilitation.
Pros & Cons

Pros

Income-Generating Duplex: Features two distinct units with private entrances, offering strong rental income potential for investors or a valuable owner-occupant income stream.
R4 Zoning & Development Upside: The R4 zoning designation provides significant future development potential, allowing for higher density and increased property value over time.
Strategic Urban Location: Highly desirable location with convenient access to Downtown LA, diverse dining, and shopping, appealing to a broad tenant pool and enhancing property demand.
Flexible Unit Layouts: Comprises a 3-bed/1-bath unit and a larger 3-bed/2-bath unit with a bonus room, accommodating various living arrangements or tenant profiles.
Ample Space for Urban Living: Offers a substantial 2,319 sq ft of living space on a 5,675 sq ft lot, providing comfortable living and outdoor potential in a dense urban environment.

Cons

Historic Property Age: Built in 1906, the property is over a century old, likely requiring significant capital expenditure for deferred maintenance, system upgrades (plumbing, electrical), and potential structural repairs.
Unspecified Modernization: The description lacks details on recent renovations or modern updates, suggesting interiors and amenities may be dated and require substantial investment to meet contemporary standards.
Absence of Desirable Views: The property does not offer any specific desirable views, which could be a limiting factor for buyers seeking premium aesthetic appeal and potentially impact market value compared to properties with views.

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