3223 E 2nd Street, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath
ACTIVE$950,000
3223 E 2nd Street, Los Angeles, California 90063
0Bed
0Bath
1,699Sqft
4,801Lot
Year Built
1912
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$559
HOA
-
Days on market
-
Sold On
-
MLS number
DW24249939
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $950.0K(80th), sqft - 1699(36th), beds - undefined(50th), baths - undefined(50th).
Great income producing units in hart of east los Angeles, Back unit has its own entrance from the back, the same with the front unit, has its own entrance from the front. Nice for someone interested in buy and keep for rental. must see to appreciate. Front Unit will be delivered vacant at close of escrow.
Nearby schools
2/10
First Street Elementary School
Public,•K-6•0.4mi
4/10
Malabar Street Elementary School
Public,•K-6•0.6mi
5/10
Euclid Avenue Elementary School
Public,•K-5•0.6mi
3/10
Belvedere Elementary School
Public,•K-5•0.7mi
2/10
Lorena Street Elementary School
Public,•K-5•0.8mi
5/10
Sunrise Elementary School
Public,•K-6•0.9mi
5/10
Rowan Avenue Elementary School
Public,•K-5•0.9mi
4/10
Breed Street Elementary School
Public,•K-6•0.9mi
3/10
Sheridan Street Elementary School
Public,•K-6•1.0mi
4/10
Evergreen Avenue Elementary School
Public,•K-6•1.1mi
4/10
Soto Street Elementary School
Public,•K-6•1.1mi
/10
Amanecer Primary Center
Public,•K-2•1.1mi
4/10
Second Street Elementary School
Public,•K-6•1.2mi
4/10
Christopher Dena Elementary School
Public,•K-6•1.3mi
3/10
Harrison Street Elementary School
Public,•K-6•1.3mi
/10
Garza (Carmen Lomas) Primary Center
Public,•K-2•1.4mi
5/10
Eastman Avenue Elementary School
Public,•K-5•1.5mi
4/10
Bridge Street Elementary School
Public,•K-5•1.5mi
2/10
Murchison Street Elementary School
Public,•K-6•1.5mi
4/10
Griffin Avenue Elementary School
Public,•K-5•2.3mi
4/10
Gates Street Elementary School
Public,•K-5•2.4mi
3/10
Albion Street Elementary School
Public,•K-6•2.6mi
3/10
Ann Street Elementary School
Public,•K-6•2.6mi
5/10
Ninth Street School
Public,•K-5•2.8mi
6/10
Hollenbeck Middle School
Public,•6-8•0.7mi
3/10
Robert Louis Stevenson Middle School
Public,•6-8•0.9mi
4/10
Belvedere Middle School
Public,•6-8•1.0mi
4/10
Utah Street Elementary School
Public,•K-8•1.7mi
6/10
Vernon City Elementary School
Public,•K-7•2.9mi
5/10
El Sereno Middle School
Public,•6-8•3.2mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•3.5mi
5/10
Florence Nightingale Middle School
Public,•6-8•3.6mi
3/10
Henry T. Gage Middle School
Public,•6-8•4.0mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•0.6mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•0.7mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•1.8mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•2.4mi
7/10
James A. Garfield Senior High School
Public,•9-12•2.5mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.6mi
4/10
Huntington Park Senior High School
Public,•9-12•3.7mi
5/10
Maywood Academy High
Public,•9-12•3.8mi
5/10
Bell Senior High School
Public,•9-12•4.3mi
4/10
Elizabeth Learning Center
Public,•K-12•5.2mi
Price History
Date
Event
Price
12/19/23
Sold
$780,000
04/26/12
Sold
$330,000
09/30/11
Sold
$120,000
08/21/07
Sold
$485,000
03/07/05
Sold
$350,000
Condition Rating
Poor
Built in 1912, this property is over a century old with no apparent major renovations. The images clearly show extremely outdated kitchens with old appliances, worn cabinets, and dated flooring, and bathrooms with old fixtures, tiles, and flooring. The property lacks modern amenities like central AC (window units are visible) and likely has outdated electrical and plumbing systems. While livable, it requires substantial repairs and rehabilitation to update major components and bring the interior spaces to current standards, especially for an income-producing property.
Pros & Cons
Pros
Income-Generating Duplex: The property is explicitly marketed as 'income producing units' and is a duplex, offering immediate rental income potential from two separate units.
Vacant Front Unit: The front unit will be delivered vacant at close of escrow, providing immediate flexibility for the new owner to either occupy it or rent it out at current market rates.
Independent Unit Access: Both units feature their own separate entrances (front and back), enhancing privacy for tenants and making each unit feel more distinct.
Strategic East LA Location: Situated 'in hart of east los Angeles,' the property benefits from a desirable urban location with strong rental demand and accessibility to city amenities.
Long-Term Investment Opportunity: As a multi-unit residential income property in a major metropolitan area like Los Angeles, it presents strong potential for long-term appreciation and consistent cash flow.
Cons
Historic Property Age: Built in 1912, the property is over a century old, suggesting a high likelihood of deferred maintenance, outdated systems (plumbing, electrical), and potential need for costly structural repairs.
Significant Price Increase Post-Recent Sale: The current list price of $950,000 represents a substantial increase from its last sale price of $780,000 in December 2023, raising questions about the valuation without explicit mention of significant improvements.
Likely Outdated Systems & Amenities: Given its age, the property likely lacks modern conveniences such as central air conditioning, updated electrical, or contemporary finishes, which could necessitate significant renovation expenses to attract premium tenants.