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330 N Lorena Street, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath

330 N Lorena Street, Los Angeles, California 90063 home-pic-0
ACTIVE$1,095,000
330 N Lorena Street, Los Angeles, California 90063
0Bed
0Bath
2,052Sqft
9,323Lot
Year Built
1990
Close
-
List price
$1.09M
Original List price
$1.09M
Price/Sqft
$534
HOA
-
Days on market
-
Sold On
-
MLS number
OC24246099
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.09M(96th), sqft - 2052(54th), beds - undefined(50th), baths - undefined(50th).

Excellent income property features three 2 bedroom 1 bath units in one 2052sqft structure plus large basement storage rooms and laundry room. See supplements for floorplans as approved when read two units were added. This property has lots of potential and possibilities especially with an Oversized 9320 sqft buildable lot zoned for more units that has both front street and alley access. No Garage is featured, but fairly flat lot accommodates plenty of parking for each tenant. Evergreen Cemetery Jogging Path, El Pino, El Mercadito, Los 5 Puntos, and 1st St Business Corridor, Indiana Gold Line Metro Station are among the many local landmarks within walking distance. Excellent access and close proximity to various freeways (10, 710, 60, 5 and 101), Downtown LA, LAC/USC Medical Center, Union Station, Cal State LA, Arts District, Boyle Heights, City Terrace. Excellent opportunity and expected to meet all forms of financing, but buyer to take on any lender required repairs, if any. Assessor records show 7 bedrooms but it is being used as and is reflected in approved floorplans as a 6 bedroom triplex. Building has full copper plumbing, raised foundation and attic access for easy maintenance, and it also equipped with fire sprinklers, 4 separate gas and electricity meters and water pressure regulator.

Nearby schools

4/10
Malabar Street Elementary School
Public,•K-6•0.4mi
3/10
Belvedere Elementary School
Public,•K-5•0.5mi
2/10
First Street Elementary School
Public,•K-6•0.6mi
5/10
Rowan Avenue Elementary School
Public,•K-5•0.8mi
4/10
Evergreen Avenue Elementary School
Public,•K-6•0.9mi
5/10
Euclid Avenue Elementary School
Public,•K-5•1.0mi
3/10
Harrison Street Elementary School
Public,•K-6•1.0mi
/10
Amanecer Primary Center
Public,•K-2•1.1mi
2/10
Lorena Street Elementary School
Public,•K-5•1.1mi
3/10
Sheridan Street Elementary School
Public,•K-6•1.1mi
4/10
Breed Street Elementary School
Public,•K-6•1.2mi
5/10
Sunrise Elementary School
Public,•K-6•1.2mi
2/10
Murchison Street Elementary School
Public,•K-6•1.4mi
4/10
Second Street Elementary School
Public,•K-6•1.4mi
4/10
Soto Street Elementary School
Public,•K-6•1.5mi
5/10
Eastman Avenue Elementary School
Public,•K-5•1.5mi
4/10
Christopher Dena Elementary School
Public,•K-6•1.6mi
4/10
Bridge Street Elementary School
Public,•K-5•1.6mi
/10
Garza (Carmen Lomas) Primary Center
Public,•K-2•1.8mi
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•2.8mi
5/10
Ninth Street School
Public,•K-5•3.1mi
4/10
Belvedere Middle School
Public,•6-8•0.6mi
3/10
Robert Louis Stevenson Middle School
Public,•6-8•0.9mi
6/10
Hollenbeck Middle School
Public,•6-8•1.1mi
4/10
Utah Street Elementary School
Public,•K-8•1.9mi
5/10
El Sereno Middle School
Public,•6-8•2.9mi
6/10
Vernon City Elementary School
Public,•K-7•3.3mi
5/10
Florence Nightingale Middle School
Public,•6-8•3.6mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•3.7mi
3/10
Henry T. Gage Middle School
Public,•6-8•4.2mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•1.0mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•1.0mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•2.1mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•2.2mi
7/10
James A. Garfield Senior High School
Public,•9-12•2.2mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.5mi
5/10
Maywood Academy High
Public,•9-12•3.9mi
4/10
Huntington Park Senior High School
Public,•9-12•3.9mi
5/10
Bell Senior High School
Public,•9-12•4.5mi
4/10
Elizabeth Learning Center
Public,•K-12•5.3mi
Condition Rating
Fair
The property was built in 1990. The kitchens and bathrooms appear functional but outdated. The overall condition suggests it has been maintained but not recently renovated. The presence of copper plumbing is a plus, but the interior finishes and appliances are not modern. Therefore, it requires minor updates or repairs.
Pros & Cons

Pros

Income Potential: Excellent income property featuring three units, providing a steady stream of rental income.
Development Opportunity: Oversized lot zoned for additional units offers significant development potential.
Prime Location: Close proximity to freeways, Downtown LA, and various amenities enhances tenant appeal.

Cons

No Garage: Lack of garage parking may be a disadvantage for some tenants.
Assessor Record Discrepancy: Discrepancy between assessor records and actual unit configuration requires due diligence.

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