3073 Chadwick Drive, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath

3073 Chadwick Drive, Los Angeles, California 90032 home-pic-0
ACTIVE$1,398,888
3073 Chadwick Drive, Los Angeles, California 90032
0Bed
0Bath
2,050Sqft
22,372Lot
Year Built
1925
Close
-
List price
$1.4M
Original List price
$1.6M
Price/Sqft
$682
HOA
-
Days on market
-
Sold On
-
MLS number
DW24109736
Home ConditionPoor
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(92th), sqft - 2050(83th), beds - undefined(50th), baths - undefined(50th).

HUGE PRICE IMPROVEMENT FOR A FAST SALE!! ATTENTION AGENTS & developers here is your next profitable project! We are very pleased to present this duplex in the up and coming and more sought after areas near DTLA. The building consists of a 2bed/ 1ba each. The main unit 2 bedroom on the first floor 1 bathroom. The bottom unit 2 bedrooms as well 1 bathroom. Both units have million dollar view from their location. The garage has been converted (unknown -permits) into a 1bed/ 1ba with exterior access only. Perfect for developing units in one of the most desired areas due to its proximity to DTLA. Don't miss this opportunity and schedule an appointment to tour the property and dream of the unlimited possibilities that this immense lot in the city offers you. Call now! It would be perfect for a large, extended family or simply to increase your investment portfolio. The property is located just a few miles from major cities in Los Angeles County such as Pasadena, Alhambra, San Marino, Monterey Park, San Gabriel and a very short distance from Chinatown, Koreatown and close to popular places such as the famous Dodger Stadium, museums , Cal State university. East los Angeles college. Close to lincoln Park and other famous and popular recreation centers. Do not hesitate and stop by to project the endless potential this property has to io offer. Simply, plan how to start working on this hidden precious gem in the city.

Condition Rating
Poor

Built in 1925, this property is explicitly marketed as a 'profitable project' for 'agents & developers' requiring 'significant capital investment and renovation.' The listing's own analysis highlights 'Extensive Renovation Required' and 'Developer-Oriented Condition' as weaknesses. There are no interior photos, particularly of kitchens and bathrooms, which strongly suggests these areas are in very poor, unpresentable condition. The exterior appears dated, and there's an unpermitted garage conversion, indicating substantial repairs and rehabilitation are needed throughout the property.
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex featuring two 2-bedroom, 1-bathroom units, offering immediate income potential or suitability for multi-generational living.
Significant Development Potential: With an 'immense lot' of 22,372 sqft and explicit marketing to developers, the property presents substantial opportunities for expansion or redevelopment.
Strategic Location: Located in an 'up and coming' area near Downtown Los Angeles, providing excellent proximity to urban amenities, universities, and popular attractions.
Panoramic Views: Both units are noted to offer 'million dollar views,' significantly enhancing the property's aesthetic appeal and market value.
Substantial Price Reduction: A 'HUGE PRICE IMPROVEMENT' from $1.6M to $1.398M indicates a motivated seller and potential for a favorable investment.

Cons

Unpermitted Garage Conversion: The garage has been converted into a 1-bed/1-bath unit with 'unknown -permits,' posing potential legal, compliance, and financial risks.
Extensive Renovation Required: Built in 1925 and described as a 'profitable project' for developers, the property likely requires significant capital investment and renovation to realize its full potential.
Developer-Oriented Condition: The listing's focus on 'agents & developers' and 'unlimited possibilities' suggests the property is not turn-key and requires a buyer prepared for substantial work and potential complexities.

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