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3325 W Adams Boulevard, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath

3325 W Adams Boulevard, Los Angeles, California 90018 home-pic-0
ACTIVE$1,250,000
3325 W Adams Boulevard, Los Angeles, California 90018
0Bed
0Bath
3,516Sqft
7,045Lot
Year Built
1931
Close
-
List price
$1.25M
Original List price
$1.5M
Price/Sqft
$356
HOA
-
Days on market
-
Sold On
-
MLS number
DW24187315
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.25M(85th), sqft - 3516(85th), beds - undefined(50th), baths - undefined(50th).

Fantastic Investment Opportunity - Spacious Corner Lot Duplex in Prime Location Welcome to this incredible duplex, perfectly positioned on a desirable corner lot, offering a unique blend of investment potential and comfortable living. Each spacious, identical unit boasts 3 bedrooms, 2 baths, a living room, and a den, making it ideal for two families or a smart investor looking to live in one unit while renting the other. Enjoy the beautifully landscaped front yard, perfect for relaxing and unwinding after a long day. Located in a great neighborhood, this property is centrally positioned near amenities, schools, and freeways, providing unparalleled convenience. With potential for an Accessory Dwelling Unit (ADU), this property offers an exciting opportunity to maximize your investment. The current homeowner had approved permits for an ADU, though buyers should verify as they may have expired. Don’t miss out on this fantastic property – it's perfect for multi-generational living or generating rental income. Embrace the possibilities this stunning duplex has to offer and schedule a viewing today!

Nearby schools

3/10
Sixth Avenue Elementary School
Public,•K-5•0.5mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.6mi
3/10
Arlington Heights Elementary School
Public,•K-5•0.6mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.9mi
5/10
Virginia Road Elementary School
Public,•K-5•1.1mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.2mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•0.8mi
2/10
Audubon Middle School
Public,•6-8•1.7mi
5/10
Foshay Learning Center
Public,•K-12•1.3mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•1.6mi
4/10
Los Angeles Senior High School
Public,•9-12•1.8mi
4/10
West Adams Preparatory High School
Public,•9-12•1.9mi
Condition Rating
Poor
Built in 1931, this property is 93 years old. While the exterior appears maintained, there are no interior images or descriptions of recent major renovations to the main units. Given its age and the lack of updates, it's highly probable that the kitchens, bathrooms, electrical, plumbing, and HVAC systems are significantly outdated and require substantial repairs and rehabilitation to meet modern standards. The AI analysis also points to 'potential for outdated systems' and 'higher maintenance or renovation costs,' aligning with a 'poor' condition score, indicating a need for significant investment beyond minor updates.
Pros & Cons

Pros

Strong Investment Potential: This duplex is explicitly marketed as a 'Fantastic Investment Opportunity' and 'Residential Income' property, ideal for multi-generational living or generating rental income by living in one unit and renting the other.
ADU Development Opportunity: The property offers significant value-add potential with an Accessory Dwelling Unit (ADU), including previously approved permits, allowing for increased rental income or expanded living space.
Prime Corner Lot Location: Positioned on a desirable corner lot in a great neighborhood, the property is centrally located near amenities, schools, and freeways, offering unparalleled convenience and desirability.
Spacious & Versatile Units: Each identical unit is spacious, featuring 3 bedrooms, 2 baths, a living room, and a den, making it highly versatile for different family structures or rental configurations.
Significant Price Adjustment: The property has seen a substantial price reduction from its original list price of $1,500,000 to $1,250,000, potentially offering a more attractive entry point for buyers.

Cons

Property Age & Potential Deferred Maintenance: Built in 1931, the property's age suggests potential for outdated systems (plumbing, electrical, HVAC) and higher maintenance or renovation costs not detailed in the description.
Uncertainty of ADU Permit Status: While ADU potential is a strength, the caveat that 'permits may have expired' introduces uncertainty, requiring the buyer to verify and potentially re-apply, adding time and cost to the development.
Mixed School Performance: Several nearby public schools have lower ratings (2-3 out of 5), which could be a concern for families prioritizing top-tier educational institutions.

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