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2625 Juliet Street, Los Angeles, California 90007, Los Angeles, 90007 - bed, bath

2625 Juliet Street, Los Angeles, California 90007 home-pic-0
ACTIVE$649,900
2625 Juliet Street, Los Angeles, California 90007
0Bed
0Bath
1,620Sqft
2,645Lot
Year Built
1922
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$401
HOA
-
Days on market
-
Sold On
-
MLS number
SR25047791
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $649.9K(20th), sqft - 1620(20th), beds - undefined(50th), baths - undefined(50th).

Prime Side-by-Side Duplex in Highly Desirable Los Angeles Location – Exceptional Investment Opportunity. Nestled in one of Los Angeles’ most coveted neighborhoods, this spacious and charming duplex offers a rare investment opportunity with tremendous potential for both immediate rental income and long-term appreciation. Whether you're an investor seeking a high-demand rental property or someone looking to live in one unit while earning income from the other, this property is ideal for a variety of buyers. Each unit features: 1 Bedroom + 1 Bonus Room – perfect for additional living space, office. Close proximity to top-tier local amenities and institutions including: USC University, BMO Stadium, The Museum of Natural History, Downtown Los Angeles (minutes away), Major freeways and city transportation for easy commutes. Don’t miss the chance to secure a prime property in one of LA’s most dynamic and in-demand areas!

Price History

Date
Event
Price
08/13/12
Sold
$190,000
06/30/06
Sold
$495,000
07/22/05
Sold
$400,000
Condition Rating
Poor
Built in 1922, this property is over a century old. The images reveal highly outdated kitchens with tile countertops and basic appliances, and bathrooms featuring old tile work, basic vanities, and sliding shower doors. The flooring throughout is dated tile, and light fixtures are basic. While the property appears functional, its advanced age and visible wear suggest substantial repairs and rehabilitation are needed, particularly for major systems (plumbing, electrical, HVAC) and significant cosmetic upgrades to meet modern standards. This aligns with the 'Poor' condition criteria, indicating a need for considerable investment beyond minor updates.
Pros & Cons

Pros

Exceptional Location: Situated in a highly desirable Los Angeles neighborhood, offering unparalleled access to USC, BMO Stadium, Museum of Natural History, and Downtown LA, ensuring strong tenant appeal and future value.
Proven Income Property: A side-by-side duplex configuration presents an immediate opportunity for rental income, catering to investors or owner-occupiers seeking to offset living costs.
High Rental Demand Area: Proximity to major institutions like USC and Downtown Los Angeles guarantees a consistent pool of potential tenants, supporting high occupancy rates and competitive rental yields.
Strong Appreciation Potential: Located in a dynamic and in-demand area of LA, the property is poised for significant long-term capital appreciation, making it a sound investment.
Flexible Unit Layouts: Each unit features a 1 bedroom plus a bonus room, providing versatile living spaces that can adapt to various tenant needs, such as a home office or additional living area.

Cons

Advanced Age of Structure: Built in 1922, the property is over a century old, suggesting potential for significant deferred maintenance, outdated infrastructure, and higher costs for necessary upgrades or repairs.
Lack of Condition Details: The listing description provides no information regarding the current condition of the units, recent renovations, or the state of major systems, which could imply hidden costs for a prospective buyer.
Modest Lot Size: The 2,645 sqft lot is relatively small for a duplex, potentially limiting outdoor living space, parking, or future expansion opportunities, which might be a consideration for some buyers.

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