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2675 Pomeroy Avenue, Los Angeles, California 90033, Los Angeles, 90033 - 6 bed, 4 bath

2675 Pomeroy Avenue, Los Angeles, California 90033 home-pic-0
ACTIVE$885,000
2675 Pomeroy Avenue, Los Angeles, California 90033
6Beds
4Baths
2,977Sqft
5,884Lot
Year Built
1930
Close
-
List price
$885K
Original List price
$1,000K
Price/Sqft
$297
HOA
-
Days on market
-
Sold On
-
MLS number
SR25071429
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $885.0K(69th), sqft - 2977(69th), beds - 6(94th), baths - 4(94th).

STANDARD SALE-OWNER MOVE-IN A POSSIBILITY!! This triplex is ready for its new owner! Please note that the rear unit is not under city rent control, therefore, a buyer has the potential to go through the city for an owner occupied move-in. The two front units are 2bd/1ba and the rear unit is 3bd/2ba. Water and sewer is paid by landlord but there is potential to split the costs amongst all 3 units via Ratio Utility Billing System. Tenants pay for trash, gas and electricity. Total rents average about $5,700/month. The back unit has been partially remodeled and seller has spent close to $90,000 in renovations and repairs. Seller is ready for a quick and easy close. Buyer and buyer's agent to verify all information relating to this property and are responsible for satisfying themselves with their the information obtained whether through private or public records or through the city.

Price History

Date
Event
Price
10/31/11
Sold
$310,000
04/06/07
Sold
$600,000
11/04/02
Sold
$295,000
08/04/98
Sold
$300,000
Condition Rating
Fair
The property was built in 1930. The description mentions that the back unit has been partially remodeled with $90,000 in renovations and repairs. The images show the exterior of the building, which appears to be aged but maintained. The kitchens and bathrooms are not visible in the provided images, so the condition score is based on the age of the property and the partial remodel mentioned in the description. It is likely that the property requires minor updates or repairs.
Pros & Cons

Pros

Income Potential: Triplex with potential for $5,700/month in rental income.
Unit Mix: Offers a mix of unit sizes (two 2bd/1ba and one 3bd/2ba) appealing to a wider tenant base.
Renovated Unit: The rear unit has been partially remodeled with approximately $90,000 invested, increasing its attractiveness.
Non-Rent Controlled Unit: The rear unit is not under city rent control, offering flexibility for owner occupancy or market-rate rental adjustments.
Standard Sale: Standard sale process allows for a potentially quicker and smoother transaction.

Cons

Age of Property: Built in 1930, the property may require ongoing maintenance and potential upgrades due to its age.
Shared Utilities: Landlord currently pays for water and sewer, impacting net operating income, although there is potential to implement a Ratio Utility Billing System.
Buyer Due Diligence: The listing emphasizes the buyer's responsibility to verify all information, potentially indicating uncertainties or complexities.

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