3873 Dwiggins Street, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath

3873 Dwiggins Street, Los Angeles, California 90063 home-pic-0
ACTIVE$1,100,000
3873 Dwiggins Street, Los Angeles, California 90063
0Bed
0Bath
3,150Sqft
5,764Lot
Year Built
1953
Close
-
List price
$1.1M
Original List price
$1.3M
Price/Sqft
$349
HOA
-
Days on market
-
Sold On
-
MLS number
PW25044838
Home ConditionGood
Features
Excellent View: City Lights
Deck
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(96th), sqft - 3150(96th), beds - undefined(50th), baths - undefined(50th).

Nestled in one of Los Angeles’ most sought-after, yet still unincorporated areas, this property offers the perfect blend of modern living and urban convenience. City Terrace, a gentrified neighborhood in LA County, is an area in transition, making this a prime investment opportunity with incredible upside potential. This property boasts three separate units, each with sleek, modern gray laminated wood flooring throughout, creating a fresh and contemporary atmosphere. Enjoy extensive outdoor space, including a spacious barbecue and garden area, ideal for relaxing or entertaining guests. The property is fully gated and fenced, ensuring both privacy and security. One of the standout features is the spectacular city view, offering a scenic backdrop to daily life, whether you’re relaxing indoors or outdoors. The property’s proximity to major freeways and public transportation makes commuting a breeze, providing easy access to all that Los Angeles has to offer. Inside, you’ll find thoughtful details such as smoothed ceilings, recessed lighting, and a central airconditiong system for year-round comfort. Additionally, one unit is equipped with an inside laundry, adding extra convenience to the property. A wall unit AC also ensures cooling comfort during those warmer LA days. Whether you're looking for a smart investment or a property to call home, or both, live in one and rent the other 2. This unique City Terrace gem presents endless possibilities. Don’t miss out on this rare opportunity in one of LA’s up-and-coming neighborhoods! All 3 unit share 1 electric and 1 gas meter.

Price History

Date
Event
Price
02/13/17
Sold
$530,000
04/01/09
Sold
$90,000
04/25/06
Sold
$380,000
Condition Rating
Good

Despite being built in 1953, this property has undergone extensive modern renovations, making it move-in ready. The units feature sleek, modern gray laminated wood flooring, smoothed ceilings, and recessed lighting. The kitchen boasts contemporary white shaker-style cabinets, modern countertops, a stylish backsplash, and updated appliances. Bathrooms are also updated with modern subway tile showers and glass enclosures. A central air conditioning system provides modern comfort. These significant updates align with a property extensively renovated within the last 5-15 years, ensuring minimal wear and tear and functional systems.
Pros & Cons

Pros

Income-Generating Triplex: The property is a triplex, offering significant potential for rental income from multiple units or flexible living arrangements (live in one, rent two).
Investment Upside: Located in City Terrace, a gentrifying and transitioning neighborhood, presenting a prime investment opportunity with strong upside potential.
Spectacular City Views: Boasts spectacular city views, enhancing the property's aesthetic appeal and desirability for residents.
Modern Interior & Comfort: Features sleek modern gray laminated wood flooring, smoothed ceilings, recessed lighting, and a central air conditioning system for year-round comfort.
Outdoor Space & Security: Includes extensive outdoor space with a barbecue and garden area, fully gated and fenced for enhanced privacy and security.

Cons

Shared Utility Meters: All three units share a single electric and gas meter, which can complicate tenant billing and management, potentially leading to disputes.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price, potentially indicating market resistance or initial overpricing.
Age of Property: Built in 1953, the property's age, despite renovations, may suggest potential for older infrastructure or unforeseen maintenance requirements.

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