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300 W 121st Street W, Los Angeles, California 90061, Los Angeles, 90061 - 14 bed, 8 bath

300 W 121st Street W, Los Angeles, California 90061 home-pic-0
ACTIVE$1,499,000
300 W 121st Street W, Los Angeles, California 90061
14Beds
8Baths
6,942Sqft
15,016Lot
Year Built
1922
Close
-
List price
$1.5M
Original List price
$2M
Price/Sqft
$216
HOA
-
Days on market
-
Sold On
-
MLS number
DW25039488
Home ConditionGood
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(92th), sqft - 6942(92th), beds - 14(92th), baths - 8(92th).

Buyer couldn’t perform…A RARE INVESTMENT OPPORTUNITY – SPACIOUS FOURPLEX IN A PRIME LOCATION! Don’t miss out on this incredible income-generating property! This unique two-structure fourplex offers both comfort and investment potential.The front structure is a charming five-bedroom, two-bathroom, two-story home with ample space for a large family or multi-generational living. Two of the bedrooms are conveniently located on the ground floor—ideal for elderly family members or guests. The home has been recently renovated, featuring:Freshly painted interiors, durable decorative laminate flooring in the living and dining areas, crown molding that adds elegance and character. Newly replaced upstairs windows (November 2024) Updated electrical system (2017) The kitchen is a standout, boasting rich mahogany-stained cabinetry, a sleek white subway tile backsplash, and a conveniently located laundry room nearby—making household chores effortless. The spacious backyard is perfect for entertaining, offering plenty of room for gatherings with family and friends.The second structure, built in 2007, consists of three spacious three-bedroom, two-bathroom units, providing excellent rental potential. All units are two stories, offering privacy and modern living spaces. Additional highlights: Spacious driveway that accommodates six to seven vehicles Stylish and secure wrought iron perimeter fence, Recently replaced roofs (2023) on both structures. Centrally located near Downtown Los Angeles, Crypto.com Arena (home of the Lakers), SoFi Stadium, and the Intuit Dome home of the Los Angeles Clippers. This is an exceptional opportunity for investors looking for a high-demand rental property in a prime location. Whether you’re expanding your portfolio or searching for a multi-family living solution, this fourplex is a must-see! Schedule a showing today and seize this amazing investment!

Price History

Date
Event
Price
07/28/00
Sold
$200,000
Condition Rating
Good
This property, a fourplex with two distinct structures, is in good condition overall. The front structure, built in 1922, has undergone significant recent renovations, including an updated electrical system (2017), newly replaced upstairs windows (November 2024), fresh paint, durable laminate flooring, and an updated kitchen with mahogany-stained cabinetry and a sleek subway tile backsplash. The bathrooms also appear updated and functional. The second structure, built in 2007, consists of three modern units with contemporary kitchens (granite/quartz countertops, stainless steel appliances) and bathrooms, consistent with a well-maintained property of its age. Both structures benefit from recently replaced roofs (2023). While the 1922 structure retains some original character, the extensive and recent updates across both buildings ensure the property is move-in ready with no immediate major renovations required, aligning well with the 'good' condition criteria.
Pros & Cons

Pros

High Income Potential: This fourplex offers significant rental income potential with three modern 3-bedroom, 2-bathroom units (built 2007) and one renovated 5-bedroom, 2-bathroom unit, making it an excellent investment opportunity.
Prime & Strategic Location: Centrally located near major Los Angeles attractions such as Downtown LA, Crypto.com Arena, SoFi Stadium, and the Intuit Dome, ensuring high rental demand and strong potential for property appreciation.
Extensive Recent Updates: Both structures feature recently replaced roofs (2023), and the front unit benefits from updated electrical (2017), new upstairs windows (Nov 2024), fresh paint, new flooring, and a renovated kitchen, minimizing immediate capital expenditures for a new owner.
Modern Construction (Partial): The second structure, built in 2007, provides three newer, two-story units with modern amenities and privacy, appealing to a broad tenant base and offering contemporary living spaces.
Ample Parking & Outdoor Space: A spacious driveway accommodating six to seven vehicles and a large backyard perfect for entertaining are valuable amenities in Los Angeles, enhancing tenant appeal and overall property utility.

Cons

Buyer Couldn't Perform Red Flag: The listing's opening statement 'Buyer couldn’t perform…' can raise concerns for potential buyers, suggesting possible undisclosed issues, financing difficulties, or appraisal challenges that warrant thorough due diligence.
Age of Main Structure: Despite recent renovations, the front structure, built in 1922, may still present challenges related to older underlying infrastructure, potential for unforeseen maintenance, or less efficient systems compared to newer construction.
Potential for Varied Tenant Expectations: The property comprises units from two vastly different construction eras (1922 and 2007), which could lead to differing tenant expectations regarding amenities, finishes, and overall living experience across the fourplex.

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