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3527 Sierra Street, Los Angeles, California 90031, Los Angeles, 90031 - bed, bath

3527 Sierra Street, Los Angeles, California 90031 home-pic-0
ACTIVE$1,250,000
3527 Sierra Street, Los Angeles, California 90031
0Bed
0Bath
2,153Sqft
5,418Lot
Year Built
1963
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$581
HOA
-
Days on market
-
Sold On
-
MLS number
DW25098857
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.25M(85th), sqft - 2153(46th), beds - undefined(50th), baths - undefined(50th).

Location, Location! Located in the heart of Los Angeles. This rental income property features 2 units each has 2 bedrooms and 1 bath + an ADU 1 bedroom/1bath, Neighboring cities are Montecito Heights, DTLA, Mount Washington, easy access to 110 Fwy and 5 Fwy. Won't last long. Please do not disturb tenants, 1 Unit 2bd/1bth with its own big, enclosed back yard and ADU 1bd/1bth will be delivered vacant at close of escrow. Property SOLD AS IS. RENT CONTROL AREA. NO repairs NO credits. Brokers' agent and seller do not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/dimensions, permitted or un-permitted spaces & amenities, school boundary lines/eligibility, rent control, use code, or other information concerning the conditions or features of the property. Buyer is advised to independently verify the accuracy of all information.

Nearby schools

6/10
Latona Avenue Elementary School
Public,•K-6•0.4mi
4/10
Huntington Drive Elementary School
Public,•K-6•0.6mi
2/10
Hillside Elementary School
Public,•K-5•0.7mi
4/10
Loreto Street Elementary School
Public,•K-5•0.9mi
4/10
Gates Street Elementary School
Public,•K-5•1.0mi
1/10
Bushnell Way Elementary School
Public,•K-6•1.3mi
5/10
El Sereno Elementary School
Public,•K-6•1.3mi
7/10
Garvanza Elementary School
Public,•K-6•2.4mi
8/10
Monterey Hills Elementary School
Public,•K-5•2.4mi
5/10
Glen Alta Elementary School
Public,•K-8•0.1mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.1mi
5/10
El Sereno Middle School
Public,•6-8•1.3mi
6/10
Luther Burbank Middle School
Public,•6-8•2.5mi
9/10
South Pasadena Middle School
Public,•6-8•3.3mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•0.9mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•1.3mi
7/10
Benjamin Franklin Senior High School
Public,•6-12•2.0mi
9/10
South Pasadena Senior High School
Public,•9-12•3.2mi

Price History

Date
Event
Price
01/06/22
Sold
$830,000
05/29/20
Sold
$575,000
Condition Rating
Poor
Built in 1963, this property is over 60 years old. The listing explicitly states 'SOLD AS IS. NO repairs NO credits,' which is a strong indicator of significant deferred maintenance and the need for substantial repairs and rehabilitation. Without interior photos, it's highly probable that the kitchens and bathrooms are original or very dated, requiring full renovation to meet current standards. The exterior, while appearing functional, does not suggest recent major updates, reinforcing the likelihood of outdated systems and finishes throughout.
Pros & Cons

Pros

Great Schools: Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).
Income-Generating Property: Features three distinct units (a duplex with two 2BD/1BA units plus an ADU with 1BD/1BA), offering significant rental income potential for investors.
Strategic Location: Situated in the heart of Los Angeles with excellent freeway access (110 Fwy and 5 Fwy) and proximity to desirable neighborhoods like Montecito Heights, DTLA, and Mount Washington.
Partial Vacancy at Close: One 2BD/1BA unit and the ADU will be delivered vacant at close of escrow, providing immediate flexibility for owner-occupancy or market-rate rental adjustments.
ADU for Enhanced Value: The inclusion of an Accessory Dwelling Unit (ADU) adds significant value, offering an additional income stream or flexible multi-generational living options.
Desirable School Access: Proximity to highly-rated educational institutions, including South Pasadena Senior High School (rated 9), enhances family appeal.

Cons

As-Is Sale Condition: Property is sold 'AS IS' with 'NO repairs NO credits,' indicating potential for significant buyer-borne costs for necessary repairs or upgrades.
Rent Control Area: Located in a rent-controlled area, which may limit rental income growth and introduce complexities in tenant management.
Extensive Buyer Due Diligence Required: Seller's broad disclaimer on the accuracy of square footage, unit counts, lot lines, and permitted spaces places a substantial verification burden on the buyer.

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