3217 Malabar Street, Los Angeles, California 90063, Los Angeles, 90063 - 4 bed, 2 bath
ACTIVE$649,000
3217 Malabar Street, Los Angeles, California 90063
4Beds
2Baths
1,800Sqft
5,200Lot
Year Built
1922
Close
-
List price
$649K
Original List price
$649K
Price/Sqft
$361
HOA
-
Days on market
-
Sold On
-
MLS number
25512931
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
Possibly Over-Priced:The estimated price is 38% below the list price. We found 3 Cons,5 Pros. Rank: price - $649.0K(43th), sqft - 1800(92th), beds - 4(84th), baths - 2(50th).
Rare Spanish-style Detached Duplex with Endless Possibilities! This unique property features a front house currently tenant-occupied and a vacant back house, offering incredible flexibility for owner-occupancy or investment. The spacious four-bedroom, two-bath layout sits on a huge premium lot in a prime location, providing potential for expansion or additional income opportunities. With LAR2 zoning, you have the option to live on the property while generating rental income or fully maximize its investment potential. Whether you're looking to occupy one unit and lease the other or develop further, this property is a must-see. A solid spring market opportunity!
Nearby schools
4/10
Malabar Street Elementary School
Public,•K-6•0.0mi
4/10
Evergreen Avenue Elementary School
Public,•K-6•0.6mi
2/10
First Street Elementary School
Public,•K-6•0.6mi
3/10
Harrison Street Elementary School
Public,•K-6•0.7mi
3/10
Belvedere Elementary School
Public,•K-5•0.7mi
3/10
Sheridan Street Elementary School
Public,•K-6•0.9mi
2/10
Murchison Street Elementary School
Public,•K-6•1.0mi
4/10
Breed Street Elementary School
Public,•K-6•1.2mi
5/10
Rowan Avenue Elementary School
Public,•K-5•1.2mi
5/10
Euclid Avenue Elementary School
Public,•K-5•1.2mi
4/10
Second Street Elementary School
Public,•K-6•1.4mi
2/10
Lorena Street Elementary School
Public,•K-5•1.4mi
4/10
Bridge Street Elementary School
Public,•K-5•1.4mi
5/10
Sunrise Elementary School
Public,•K-6•1.4mi
/10
Amanecer Primary Center
Public,•K-2•1.5mi
4/10
Soto Street Elementary School
Public,•K-6•1.6mi
5/10
Eastman Avenue Elementary School
Public,•K-5•1.8mi
4/10
Christopher Dena Elementary School
Public,•K-6•1.9mi
4/10
Griffin Avenue Elementary School
Public,•K-5•1.9mi
/10
Garza (Carmen Lomas) Primary Center
Public,•K-2•2.0mi
4/10
Gates Street Elementary School
Public,•K-5•2.0mi
3/10
Albion Street Elementary School
Public,•K-6•2.3mi
3/10
Ann Street Elementary School
Public,•K-6•2.5mi
5/10
Ninth Street School
Public,•K-5•3.1mi
4/10
Belvedere Middle School
Public,•6-8•0.7mi
6/10
Hollenbeck Middle School
Public,•6-8•1.2mi
3/10
Robert Louis Stevenson Middle School
Public,•6-8•1.3mi
4/10
Utah Street Elementary School
Public,•K-8•1.8mi
5/10
El Sereno Middle School
Public,•6-8•2.5mi
5/10
Florence Nightingale Middle School
Public,•6-8•3.2mi
6/10
Vernon City Elementary School
Public,•K-7•3.5mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•4.1mi
3/10
Henry T. Gage Middle School
Public,•6-8•4.6mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•1.1mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•1.1mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.8mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•2.0mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.1mi
7/10
James A. Garfield Senior High School
Public,•9-12•2.4mi
5/10
Maywood Academy High
Public,•9-12•4.3mi
4/10
Huntington Park Senior High School
Public,•9-12•4.3mi
5/10
Bell Senior High School
Public,•9-12•4.9mi
4/10
Elizabeth Learning Center
Public,•K-12•5.7mi
Condition Rating
Poor
Built in 1922, this property is over 100 years old. The images reveal severely outdated kitchen and bathrooms with old cabinetry, laminate countertops, basic fixtures, and worn flooring, indicating a need for complete renovation. The presence of a window AC unit suggests a lack of central cooling/heating. Overall, the property requires substantial rehabilitation and major system upgrades to meet modern living standards.
Pros & Cons
Pros
Income-Generating Duplex: The property is a detached duplex with one unit currently tenant-occupied and the other vacant, offering immediate rental income potential and flexibility for owner-occupancy.
LAR2 Zoning & Development Potential: LAR2 zoning on a generous 5200 sqft lot provides significant opportunities for expansion, adding additional units, or maximizing investment returns.
Prime Location & Lot Size: Situated on a 'huge premium lot in a prime location,' this property offers valuable land for future development or enhanced outdoor living space.
Architectural Charm: The 'Rare Spanish-style' architecture provides unique character and aesthetic appeal, distinguishing it from typical properties.
City Lights View: The property boasts desirable city lights views, enhancing its overall appeal and potential market value.
Cons
Age of Property: Built in 1922, the property is likely to require significant capital expenditures for updates to its systems, infrastructure, and general renovations to meet modern standards.
Valuation Discrepancy: The listed price of $649,000 is substantially higher (38% above) the automated property estimation of $396,195.93, which may complicate financing and appraisal processes.
Property Type Ambiguity: Despite being described as a 'Detached Duplex,' the property is listed as a 'Single Family Residence,' which could lead to confusion regarding zoning compliance, financing options, or insurance.