323 E 93rd Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

323 E 93rd Street, Los Angeles, California 90003 home-pic-0
ACTIVE$925,000
323 E 93rd Street, Los Angeles, California 90003
0Bed
0Bath
1,911Sqft
4,832Lot
Year Built
1924
Close
-
List price
$925K
Original List price
$970K
Price/Sqft
$484
HOA
-
Days on market
-
Sold On
-
MLS number
MB24208282
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

We found 2 Cons,3 Pros. Rank: price - $925.0K(83th), sqft - 1911(50th), beds - undefined(50th), baths - undefined(50th).

THIS IS THE ONE: Introducing YOU to a fantastic investment opportunity: 2 DETACHED HOMES ON ONE LOT- This newly built (2021) ADU & the existing SFR that was also redone in 2021 offers a chance for investors or families to begin their real estate portfolio. With the potential for rental income to help cover mortgage costs, each unit features private entrances, ample space, and essential amenities. Positioned in a sought-after location near amenities and transportation, this property presents a solid investment opportunity. Unit breakdown- Front Unit 2bdr 2bath plus a rec room, actual rent $2,900 and Rear Unit: 3bdr 2 bath, actual rent $3,100 and each unit is independently metered for gas and electric! This is a perfect live in one and rent the other scenario or perfect for that extended family that wants to stay together and enjoy the benefits of homeownership. Do not go direct and disturb the tenants.

Price History

Date
Event
Price
01/19/22
Sold
$770,000
02/05/21
Sold
$337,000
01/11/18
Sold
$225,000
07/10/12
Sold
$78,000
Condition Rating
Good

The property consists of two units, one of which is a newly built ADU (2021) and the other an existing SFR redone in 2021. The images show modern kitchens and bathrooms with updated appliances and fixtures. While the original structure was built in 1924, the extensive renovations in 2021 bring the property up to 'good' condition, as it is move-in ready with no immediate renovations required.
Pros & Cons

Pros

Income Potential: The property features two detached homes on one lot, providing immediate rental income from both units.
Recent Renovation: Both the existing SFR and the ADU were redone in 2021, minimizing immediate renovation costs and maximizing appeal to renters.
Separate Metering: Each unit is independently metered for gas and electric, simplifying utility management and tenant billing.

Cons

Older Construction (Original SFR): The original SFR was built in 1924, which may present potential maintenance issues compared to newer construction despite the 2021 renovation.
Tenant Occupancy: The property is currently tenant-occupied, requiring coordination and adherence to tenant rights during showings and potential sale.

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