3873 Dwiggins Street, Los Angeles, California 90063, Los Angeles, 90063 - 5 bed, 4 bath

3873 Dwiggins Street, Los Angeles, California 90063 home-pic-0
ACTIVE$1,100,000
3873 Dwiggins Street, Los Angeles, California 90063
5Beds
4Baths
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
PW25072820
Home ConditionGood
Features
Excellent View: City Lights
Deck
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(98th), sqft - 3150(98th), beds - 5(92th), baths - 4(98th).

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. The property type is SFR, with LCR2 Zoning. This property boasts three separate units, with common walls, 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 airconditioning 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

Built in 1953, this property has undergone significant modern updates, making it move-in ready. The description highlights 'sleek, modern gray laminated wood flooring throughout,' 'smoothed ceilings, recessed lighting,' and a 'central airconditioning system,' indicating recent renovations. The kitchens feature white shaker-style cabinets and stainless steel appliances, aligning with contemporary tastes. While the bathroom shower enclosure appears functional, it's not ultra-modern, and the property's age suggests some underlying systems might be older despite the visible upgrades. Overall, the property presents as well-maintained with modern finishes, fitting the 'Good' category for a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

Multi-Unit Income Potential: The property features three separate units, offering significant opportunities for rental income, multi-generational living, or a live-in-one-rent-two investment strategy.
Spectacular City Views: A standout feature is the spectacular city view, providing a scenic backdrop from both indoor and outdoor spaces, enhancing desirability and value.
Modern Interior Finishes: Each unit boasts sleek, modern gray laminated wood flooring, smoothed ceilings, and recessed lighting, creating a fresh and contemporary atmosphere.
Extensive Outdoor Space & Security: The property includes extensive outdoor space with a barbecue and garden area, fully gated and fenced for enhanced privacy and security.
Strategic Location & Investment Upside: Located in City Terrace, a gentrifying and transitioning neighborhood with LCR2 zoning, offering strong investment potential and excellent access to major freeways and public transportation.

Cons

Shared Utility Meters: All three units share a single electric and gas meter, which complicates individual tenant billing and management, potentially leading to disputes or disproportionate utility costs.
Potential for Older Infrastructure: Built in 1953, despite cosmetic updates, the property's age suggests that major underlying systems (e.g., plumbing, electrical, roof) may still be original or require significant upgrades, incurring future maintenance costs.
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $1.3M to $1.1M, which could indicate initial overvaluation or market resistance.

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