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3020 Baldwin Street, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath

3020 Baldwin Street, Los Angeles, California 90031 home-pic-0
ACTIVE$2,199,999
3020 Baldwin Street, Los Angeles, California 90031
0Bed
0Bath
4,918Sqft
9,036Lot
Year Built
1897
Close
-
List price
$2.2M
Original List price
$2M
Price/Sqft
$447
HOA
-
Days on market
-
Sold On
-
MLS number
AR24064592
Home ConditionGood
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $2.20M(92th), sqft - 4918(92th), beds - undefined(50th), baths - undefined(50th).

Renovated quadplex in Lincoln Heights boasts 4,918 sqft on a generous 9,036 sqft lot. The front building, a two-story structure from 1897, exudes charm and is meticulously maintained. Offering 4 bright and spacious bedrooms with 2 bathrooms, including 2 upstairs bedrooms with walk-in closets, it features an open kitchen and spacious dining area. Additionally, a newer back building constructed in 1999 comprises three (3) units, 2 units with 3 bedrooms and 2 bathrooms. The garage recently converted into an ADU, with 2 bedrooms, 2 bathrooms spread across 936 sqft with permitted. Totaling 12 bedrooms and 8.5 bathrooms. Strategically situated in Lincoln Heights, it provides easy access to Keck USC, the Arts District, Downtown LA, and Pasadena, making it an ideal investment opportunity for homeowners seeking rental income. High rental demand area and great opportunity for investors. Don't let this opportunity pass you by!

Nearby schools

4/10
Griffin Avenue Elementary School
Public,•K-5•0.2mi
4/10
Gates Street Elementary School
Public,•K-5•0.3mi
3/10
Albion Street Elementary School
Public,•K-6•0.7mi
6/10
Multnomah Street Elementary School
Public,•K-5•1.0mi
2/10
Murchison Street Elementary School
Public,•K-6•1.1mi
2/10
Hillside Elementary School
Public,•K-5•1.1mi
4/10
Loreto Street Elementary School
Public,•K-5•1.2mi
3/10
Ann Street Elementary School
Public,•K-6•1.2mi
4/10
Bridge Street Elementary School
Public,•K-5•1.3mi
4/10
Huntington Drive Elementary School
Public,•K-6•1.4mi
5/10
Glen Alta Elementary School
Public,•K-8•1.2mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.3mi
5/10
El Sereno Middle School
Public,•6-8•1.9mi
6/10
Hollenbeck Middle School
Public,•6-8•2.3mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•0.4mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.3mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•2.1mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.3mi
Condition Rating
Good
This quadplex features a mix of ages, with the original 1897 building described as 'renovated' and 'meticulously maintained,' and a newer building from 1999, plus a recently converted ADU. The images show clean, move-in ready units with updated flooring (hardwood and LVP) and fresh paint. Bathrooms are functional and clean, though the vanities and light fixtures appear dated rather than modern. The presence of window AC units suggests a lack of central air conditioning, which is a notable factor. While not all components are 'new or virtually new' to meet 'Excellent' standards, the property is clearly well-maintained and functional across its various units, requiring no immediate major renovations, aligning well with the 'Good' condition criteria.
Pros & Cons

Pros

High Income Potential: As a renovated quadplex with a permitted ADU, the property offers five distinct rental units, providing substantial income generation and diversification for investors.
Strategic Location: Situated in Lincoln Heights with easy access to major employment and cultural hubs like Keck USC, the Arts District, and Downtown LA, ensuring strong tenant demand.
Strong Rental Market: Explicitly noted as a 'high rental demand area,' which minimizes vacancy risk and supports consistent cash flow for investors.
Versatile Investment Opportunity: The property is positioned as an 'ideal investment opportunity for homeowners seeking rental income' and 'great opportunity for investors,' broadening its market appeal.
Blend of Historic Charm & Modern Updates: The meticulously maintained 1897 front building offers character, complemented by a newer 1999 back building and a recently converted, permitted ADU, appealing to diverse tenant preferences.

Cons

Age-Related Maintenance Concerns: Despite renovations, the 1897 front building may still present ongoing maintenance challenges or require significant capital expenditures for older systems (plumbing, electrical, foundation) not fully detailed as updated.
Intensive Property Management: Managing five separate units (quadplex + ADU) requires considerable time, effort, and expertise in tenant relations, lease management, and maintenance coordination, potentially overwhelming for new landlords.
Limited Individual Unit Amenities/Privacy: While the lot is generous, the description doesn't specify private outdoor spaces or dedicated amenities for each of the five units, which could be a drawback for tenants seeking more personal space or privacy.

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