304 304 E 95th, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$1,599,000
304 304 E 95th, Los Angeles, California 90003
0Bed
0Bath
4,788Sqft
6,368Lot
Year Built
1966
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$334
HOA
-
Days on market
-
Sold On
-
MLS number
DW25230264
Home ConditionPoor
Features
Pool
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.60M(50th), sqft - 4788(50th), beds - undefined(50th), baths - undefined(50th).
WOW seller will deliver 5 units vacant at close of escrow. 1-2br/1.5bth; 5-2br/1bth perfect for investors of shames and sizes. 7.0% cap rate at proforma.(market rents at $2500 each). Call me for showing
Price History
Date
Event
Price
10/01/25
Listing
$1,599,000
05/18/07
Sold
$450,000
Condition Rating
Poor
The property was built in 1966, making it 58 years old. There are no interior images or descriptions of any renovations, particularly for the kitchen and bathrooms. The exterior appears dated but functional, consistent with its age. The listing's focus on investment potential and delivering vacant units suggests that significant rehabilitation is required to bring the property up to modern standards and achieve market rents. Without any evidence of recent updates, it's highly probable that the interior systems, kitchens, and bathrooms are severely outdated and require substantial repairs and rehabilitation to be comfortable and functional for tenants.
Pros & Cons
Pros
Immediate Income Potential & Market Rent Adjustment: The seller will deliver 5 units vacant at close of escrow, allowing the new owner to immediately lease them at market rates ($2500/unit) without tenant turnover issues or rent control limitations on existing tenants.
Attractive Proforma Cap Rate: A 7.0% proforma cap rate indicates a strong potential return on investment, making this property highly appealing to income-focused investors.
Multiple Income Streams: As a multi-unit property, it provides diversified income and reduced risk compared to single-family investments, enhancing its stability as an asset.
Desirable Unit Configuration: The property primarily consists of 2-bedroom units (1x 2br/1.5bth; 5x 2br/1bth), which are generally in high demand among renters, ensuring a steady tenant pool.
Strategic Investment Opportunity: Explicitly marketed as 'perfect for investors,' highlighting its income-generating nature and potential for long-term appreciation in the Los Angeles market.
Cons
Age of Property & Potential for Deferred Maintenance: Built in 1966, the property is nearly 60 years old, suggesting potential for outdated infrastructure (plumbing, electrical, HVAC) and the need for significant capital expenditures for system upgrades or major renovations.
Unspecified Condition of Vacant Units: While 5 units are delivered vacant, their current condition is not detailed. Achieving the projected market rents of $2500 per unit likely requires substantial renovation or modernization, adding to the initial investment cost and time.
Location-Specific Challenges: The 90003 postal code in South Los Angeles may present challenges related to perceived neighborhood desirability, crime rates, or tenant demographics, which could impact long-term appreciation or tenant quality compared to other LA submarkets.