345 E 82nd Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath
ACTIVE$819,000
345 E 82nd Street, Los Angeles, California 90003
0Bed
0Bath
1,529Sqft
5,222Lot
Year Built
1926
Close
-
List price
$819K
Original List price
$880K
Price/Sqft
$536
HOA
-
Days on market
-
Sold On
-
MLS number
DW25046829
Home ConditionFair
Features
View-
About this home
Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $819.0K(96th), sqft - 1529(86th), beds - undefined(2th), baths - undefined(2th).
Great Triplex in the heart of Los Angeles, Excellent Opportunity for your Portfolio. 1 Unit consists of 1 bed 1 bath, 2nd Unit is 1 bed 1 bath, 3rd Unit is a 3bed 2 bath. Property Features 3 detached car garages. Plenty of space for parking. Property is Centrally located near freeways, Schools and shopping centers. Must see.
Price History
Date
Event
Price
06/15/18
Sold
$475,000
10/03/14
Sold
$375,000
Condition Rating
Fair
The property was built in 1926, making it nearly 100 years old. While the exterior appears maintained with fresh paint, the overall style, including security bars on windows, indicates an aged property. The lack of interior images, particularly for kitchens and bathrooms, strongly suggests these areas are outdated and likely require minor to moderate updates or repairs to meet current standards. There's no indication of recent extensive renovations. The property appears functional and livable, but its age and the absence of modern features place it squarely in the 'fair' category, requiring updates rather than major rehabilitation or being a tear-down.
Pros & Cons
Pros
Income-Generating Property: The property is a triplex with three distinct units (two 1 bed/1 bath and one 3 bed/2 bath), offering significant rental income potential for investors or owner-occupants.
Strategic Location: Situated 'in the heart of Los Angeles' and 'Centrally located near freeways, Schools and shopping centers,' providing excellent accessibility and tenant desirability.
Ample Parking & Garages: Features three detached car garages and additional parking space, a highly valuable amenity in a dense urban area like Los Angeles.
Investment Portfolio Opportunity: Explicitly marketed as an 'Excellent Opportunity for your Portfolio,' appealing to buyers seeking to expand their real estate holdings.
Recent Price Reduction: The list price has been reduced from $879,999 to $819,000, indicating a more competitive offering and potential for a better deal for buyers.
Cons
Property Age & Potential Deferred Maintenance: Built in 1926, the property is nearly a century old, suggesting potential for outdated systems (plumbing, electrical) and the need for significant capital expenditures for renovations or repairs.
Small Unit Sizes/Total Square Footage: The total square footage of 1529 sqft for a triplex, including a 3-bedroom unit, implies very compact living spaces, which may limit rental appeal or achievable rents.
Discrepancy in Property Type: Listed as a 'Single Family Residence' (sub_type) while described as a 'Triplex.' This inconsistency requires immediate verification for zoning compliance, legality of units, and potential financing challenges.