320 35, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$1,169,000
320 35, Los Angeles, California 90011
0Bed
0Bath
2,600Sqft
4,996Lot
Year Built
1902
Close
-
List price
$1.17M
Original List price
$1.3M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW24226487
Home ConditionFair
Features
View-
About this home
Welcome to a Gem 3 Unit in Los Angeles very close to US. 2 Front Units are likely newbuild- BrandNew, Upstairs Unit has 3 bedrooms 2 bathrooms Downstairs Unit has 3 bedrooms 1 bathroom. PERMITS for Back unit IS READY to CONVERT into 2 MORE UNITS total of 4 beds 2 baths That is a value adding right there. Please DRIVE BY ONLY, DO NOT DISTURB OCCUPANTS. Do not miss this opportunity to own it.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (24 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,600 | 1,988 | 92% |
| Lot Size | 4,996 | 5,363 | 28% |
| Price | $1.17M | $710K | 88% |
| Price per square foot | $450 | $349 | 76% |
| Built year | 1902 | 1922 | 12% |
| HOA | |||
| Days on market | 369 | 168 | 96% |
Condition Rating
Fair
The property was built in 1902, but the description mentions that two front units are likely new builds. The images show updated flooring and fresh paint in some areas. However, the overall condition appears to be a mix of old and new, suggesting a partial renovation. The kitchen and bathroom conditions are not explicitly visible in the provided images, but based on the age and partial renovation, a 'Fair' score is appropriate, indicating that some updates or repairs may be needed.
Pros & Cons
Pros
Income Potential: Property features three units, providing immediate rental income.
New Construction: Two front units are likely new builds, minimizing immediate maintenance concerns.
Expansion Opportunity: Permits are ready to convert the back unit into two additional units, increasing income potential.
Prime Location: Located in Los Angeles, close to US, offering convenient access to amenities and transportation.
Unit Mix: Existing unit mix includes a 3 bed/2 bath and a 3 bed/1 bath unit, appealing to a variety of tenants.
Cons
Age of Property: Built in 1902, the original structure may require ongoing maintenance and potential upgrades despite recent renovations.
Occupant Disturbance Restriction: Limited access for showings ('DRIVE BY ONLY, DO NOT DISTURB OCCUPANTS') hinders thorough due diligence.
Unknown Condition of Original Unit: The description focuses on the new units and permitted expansion, leaving the condition of the existing back unit unclear.