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$945,000
323 E 93rd Street, Los Angeles, California 90003
0Bed
0Bath
1,911Sqft
4,832Lot
Year Built
1924
Close
-
List price
$945K
Original List price
$945K
Price/Sqft
$495
HOA
-
Days on market
-
Sold On
-
MLS number
MB25134886
Home ConditionExcellent
Features
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $945.0K(86th), sqft - 1911(50th), beds - undefined(50th), baths - undefined(50th).

LIVE IN 1 and COLLECT MONTHLY RENT ($3,160) FROM THE OHTER UNI TO OFFSET THE MORTGAGE PAYMENT: 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 IS NOW VACANT - 2 Bedroom & 2 Baths plus a flex room that can be used as a 3rd bedroom or a home office-perfect for the entrepreneurial that operates remotely. Rear Unit: Newly built ADU (2021) 3 Bedroom & 2 Bath, currently occupied at a monthly rental rate of $3,160 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. Parking is not an issue here, enough surface parking spots for each unit. All commuters enjoy easy access to the 110 & 105 freeways connecting to the other major freeways. Property meets all FHA, VA, CONV loan criteria-book your private tour today.

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
Excellent

The property consists of two units: a newly built ADU (2021) and an existing SFR that was extensively redone in 2021. The images confirm a high level of renovation, showcasing modern kitchens with white shaker cabinets, stainless steel appliances, and subway tile backsplashes. Bathrooms feature contemporary vanities, tiled showers/tubs, and modern fixtures. Throughout both units, there is consistent, new-looking laminate/LVP flooring, recessed lighting, and fresh paint. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for properties extensively renovated within the last 5 years.
Pros & Cons

Pros

Strong Income Potential: The property offers significant income potential with a currently rented ADU ($3,160/month) and the option to live in one unit while renting the other to offset mortgage payments.
Dual Detached Units: Features two separate, detached homes on one lot, providing privacy for tenants or flexibility for multi-generational living arrangements.
Recent Renovations & New Construction: Includes a newly built ADU (2021) and an existing SFR that was also redone in 2021, suggesting modern updates and reduced immediate maintenance.
Independent Utility Metering: Each unit is independently metered for gas and electric, simplifying utility management and tenant billing for landlords.
Broad Financing Eligibility: The property meets criteria for FHA, VA, and Conventional loans, expanding the pool of potential buyers and making financing more accessible.

Cons

Age of Original Structure: Despite being 'redone in 2021,' the front SFR unit was originally built in 1924, which may imply older underlying infrastructure not fully addressed by renovations.
Vacant Front Unit: The front unit is currently vacant, representing immediate lost income potential for an investor until a new tenant is secured.
Limited Renovation Details: While the SFR was 'redone,' the description lacks specific details on the extent and quality of these renovations, which could be a point of concern for buyers.

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