2963 San Marino Street, Los Angeles, California 90006, Los Angeles, 90006 - bed, bath

2963 San Marino Street, Los Angeles, California 90006 home-pic-0
ACTIVE$1,190,000
2963 San Marino Street, Los Angeles, California 90006
0Bed
0Bath
1,898Sqft
4,300Lot
Year Built
1900
Close
-
List price
$1.19M
Original List price
$1.3M
Price/Sqft
$627
HOA
-
Days on market
-
Sold On
-
MLS number
TR25037197
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.19M(50th), sqft - 1898(50th), beds - undefined(50th), baths - undefined(50th).

Duplex -2 unit - Two story Duplex in the High demand prime area.!!!! Walking distance to Market,Hospital,Transportation,etc. Easy to access Down Town & Free Way. Very Private & secure with lots of Parking in the back accessed through the Electric Gate.Many updates & efforts are inside units.Also there is a Big storage space at the basement.could keeps tools for contractor or merchant.Down stair 3Bed X 2Bath will be deliverd vacant at the close Escrow ( could use as a owner's unit or rent out )

Price History

Date
Event
Price
02/28/24
Sold
$1,100,000
12/30/16
Sold
$815,000
07/21/14
Sold
$625,000
10/27/08
Sold
$580,000
04/30/08
Sold
$560,000
Condition Rating
Fair

The property, built in 1900, has received 'many updates & efforts' inside, as evidenced by the images. The kitchen features modern white shaker cabinets, stone countertops, subway tile backsplash, and stainless steel appliances, appearing to be updated within the last 5-15 years. Bathrooms also show similar updates with modern vanities, tiled showers, and contemporary fixtures. Flooring is a mix of laminate wood-look and tile, and walls are freshly painted. While these visible updates make the living spaces move-in ready and aesthetically pleasing, the property's age (1900) suggests that major underlying systems (plumbing, electrical, HVAC) are likely functional but outdated and not within their expected lifespan, as highlighted by the property analysis. The renovations appear to be cosmetic and functional refreshes rather than a comprehensive overhaul of the entire structure and systems. Thus, it falls into the 'Fair' category, being aged but maintained through regular upkeep and occasional updates, with major components likely functional but showing signs of being outdated.
Pros & Cons

Pros

Income-Generating Potential: A two-unit duplex with one 3-bed/2-bath unit delivered vacant at close of escrow, offering immediate owner-occupancy or rental income flexibility.
Prime Koreatown Location: Situated in a high-demand area with excellent walkability to markets, hospitals, and transportation, plus easy access to Downtown LA and major freeways.
Enhanced Security & Parking: Features a private, secure environment with an electric gate and ample off-street parking, a significant advantage in a dense urban setting.
Valuable Basement Storage: Includes a large basement storage space, providing practical utility for residents or potential for commercial/contractor use.
Interior Updates: The property has received 'many updates & efforts' inside the units, suggesting improved interior conditions and potentially reduced immediate renovation needs for the buyer.

Cons

Historic Property Age: Built in 1900, the property's age suggests potential for significant deferred maintenance, outdated systems (plumbing, electrical), and higher long-term upkeep costs.
Unspecified Renovation Scope: While 'updates' are mentioned, the lack of specific details regarding the extent and quality of these renovations creates uncertainty for buyers regarding the true condition and potential future investment.
Recent Price Reduction: A notable reduction from the original list price ($1.3M to $1.19M) could indicate challenges in attracting buyers at the initial price point or suggest undisclosed factors influencing market perception.

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