3844 Whiteside Street, East Los Angeles, California 90063, East Los Angeles, 90063 - bed, bath
ACTIVE$1,250,000
3844 Whiteside Street, East Los Angeles, California 90063
0Bed
0Bath
3,720Sqft
7,620Lot
Year Built
1947
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$336
HOA
-
Days on market
-
Sold On
-
MLS number
DW25154724
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.25M(96th), sqft - 3720(96th), beds - undefined(50th), baths - undefined(50th).
Ideal Investor Triplex in 90063 Excellent opportunity to acquire a fully leased triplex generating solid rental income. Each of the three units includes 4 bedrooms and 2 bathrooms. The property sits on a large lot and tenants are responsible for all utilities, maximizing NOI. Located minutes from major freeways, Cal State L.A., USC-Keck Medical Center, and Downtown LA, this asset offers strong market fundamentals and flexibility for value-add renovations or rent adjustments. Don’t miss this rare value in a transit-and-employment-rich corridor.
Condition Rating
Poor
The property was built in 1947, making it 77 years old. The listing description and property analysis explicitly state the need for 'value-add renovations' and 'significant capital expenditure for system upgrades and modernizations.' The exterior images show an aged property with visible wear and tear, and a general lack of modern upkeep. While it is currently leased, the age and stated renovation needs strongly suggest that major systems, kitchens, and bathrooms are significantly outdated and require substantial repairs and rehabilitation, aligning with a 'Poor' condition score. No interior photos were provided to assess specific kitchen and bathroom conditions, but the overall context points to a property far from move-in ready by modern standards.
Pros & Cons
Pros
Strong Income Generation: The property is a fully leased triplex generating solid rental income, making it an attractive asset for investors seeking immediate cash flow.
Optimal Unit Configuration: Each of the three units features 4 bedrooms and 2 bathrooms, a highly desirable layout that appeals to a broad tenant base and maximizes rental potential.
Maximized Net Operating Income (NOI): Tenants are responsible for all utilities, significantly reducing landlord operating expenses and enhancing the property's profitability.
Strategic Location: Located minutes from major freeways, Cal State L.A., USC-Keck Medical Center, and Downtown LA, ensuring high rental demand in a transit-and-employment-rich corridor.
Value-Add Potential: The property offers flexibility for value-add renovations and rent adjustments, providing opportunities for future income growth and property appreciation.
Cons
Age of Property & Renovation Needs: Built in 1947, the property likely requires significant capital expenditure for system upgrades and modernizations, as implied by the 'value-add renovations' potential.
Rent Control Implications: As a pre-1978 building in Los Angeles County, the property is likely subject to rent control regulations, which could limit future 'rent adjustments' and impact income growth.
Intensive Property Management: A triplex with 4-bedroom units suggests a higher tenant count and potentially more complex property management needs, including maintenance, tenant relations, and turnover.