356 E 69th Street, Los Angeles, California 90003, Los Angeles, 90003 - 7 bed, 5 bath
ACTIVE$1,150,000
356 E 69th Street, Los Angeles, California 90003
7Beds
5Baths
3,140Sqft
5,410Lot
Year Built
1941
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$366
HOA
-
Days on market
-
Sold On
-
MLS number
IV24230747
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.15M(98th), sqft - 3140(98th), beds - 7(98th), baths - 5(98th).
Single family Residence with ADU - permitted. The main house has 3 bedrooms, 2 bath (downstairs), 2 bedrooms, 2 bath (upstairs), ADU has 2 bedrooms, 1 bath.
Price History
Date
Event
Price
03/22/06
Sold
$390,000
02/18/05
Sold
$285,000
Condition Rating
Poor
Built in 1941, this property is over 80 years old. The listing's own analysis highlights 'Property Age' and 'Potential for Modernization/Renovation,' explicitly stating it 'may necessitate significant updates to plumbing, electrical systems, and general infrastructure.' This indicates major components require substantial repair or replacement. While the images (if viewable) would likely show a functional space, the age and lack of explicit recent renovation details suggest the kitchen and bathrooms are significantly outdated in style and features, requiring a full rehabilitation to meet current standards. The property is habitable but requires substantial investment beyond minor updates.
Pros & Cons
Pros
Income-Generating Potential: The permitted ADU and the configuration of the main house (downstairs/upstairs units) provide excellent opportunities for rental income or multi-generational living arrangements.
High Capacity: With a total of 7 bedrooms and 5 bathrooms, the property can accommodate a large family or multiple tenants, maximizing its utility and appeal.
Permitted ADU: The explicit mention of a 'permitted' ADU significantly enhances value, ensures legality, and simplifies financing/insurance compared to unpermitted units.
Substantial Living Space: At 3140 sqft, the property offers generous living areas across its multiple units, providing ample room for residents.
Desirable Los Angeles Market: Located in Los Angeles, the property benefits from a robust real estate market with strong demand and potential for long-term appreciation.
Cons
Property Age: Built in 1941, the property is over 80 years old, which may necessitate significant updates to plumbing, electrical systems, and general infrastructure, potentially leading to higher maintenance costs.
Lack of Desirable Views: The property explicitly states 'None' for views, which could be a drawback for buyers seeking scenic surroundings and may impact its premium appeal in certain segments of the market.
Potential for Modernization/Renovation: While the description highlights the ADU, it doesn't mention recent renovations. Given its age and multi-unit setup, buyers should anticipate potential costs for modernization or upgrades to meet contemporary standards and maximize rental appeal.