344 342 E 81st Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

344 342 E 81st Street, Los Angeles, California 90003 home-pic-0
ACTIVE$825,000
344 342 E 81st Street, Los Angeles, California 90003
0Bed
0Bath
1,100Sqft
5,219Lot
Year Built
1964
Close
-
List price
$825K
Original List price
$825K
Price/Sqft
$750
HOA
-
Days on market
-
Sold On
-
MLS number
OC25051949
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $825.0K(62th), sqft - 1100(7th), beds - undefined(50th), baths - undefined(50th).

344-342 Duplex both 2 bedroom 1 bath fully rented. Quiet neighborhood in a high rental demand area. No vacancy since 2018. Front house has granite countertops and newer kitchen. Both houses have laminate flooring. 2nd house has older style kitchen with tile floor and can benefit from an quick update of counter top and sink. Very good cash flow property for an investor. AS a buyer you can live in one of the units and collect rent from the second. If two parties get together each can live in their own separate home.

Condition Rating
Fair

Built in 1964, this duplex shows a mixed condition. The front unit features a newer kitchen with granite countertops and both units have updated laminate flooring, as seen in the images which also display a recently renovated bathroom with modern tiling and fixtures. However, the second unit's kitchen is described as 'older style' with tile flooring, requiring updates to the countertop and sink. While significant updates have been made to parts of the property, the overall age and the dated condition of one of the kitchens prevent it from reaching a 'Good' score. It is well-maintained and functional, but not fully renovated to current standards throughout.
Pros & Cons

Pros

Strong Rental Performance: The property boasts a strong rental history with no vacancy since 2018 and is located in a high rental demand area, ensuring consistent income.
Income-Generating Duplex: Configured as a duplex, it offers immediate cash flow for investors or the flexibility for an owner-occupant to live in one unit and rent the other.
Updated Front Unit: The front unit features desirable upgrades including granite countertops and a newer kitchen, enhancing its appeal and tenant satisfaction.
Modern Flooring: Both units are equipped with laminate flooring, offering a modern aesthetic and ease of maintenance for tenants and landlords.
Quiet Neighborhood: Situated in a quiet neighborhood, which is a significant draw for tenants seeking a peaceful living environment.

Cons

Outdated Second Unit Kitchen: The second unit's kitchen is described as 'older style' with tile flooring and requires an update to countertops and sink, necessitating additional investment.
Compact Unit Sizes: With a total of 1100 sqft for two 2-bedroom units, each unit is relatively small (approx. 550 sqft), which may limit tenant appeal or rental rate potential.
Age of Property & Potential for Updates: Built in 1964, the property's age suggests potential for future maintenance or updates to major systems (e.g., plumbing, electrical, roof) beyond the noted kitchen update.

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