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4112 -4114 Blanchard Street, Los Angeles, California 90063, Los Angeles, 90063 - bed, bath

4112 -4114 Blanchard Street, Los Angeles, California 90063 home-pic-0
ACTIVE$879,000
4112 -4114 Blanchard Street, Los Angeles, California 90063
0Bed
0Bath
1,865Sqft
5,546Lot
Year Built
1928
Close
-
List price
$879K
Original List price
$879K
Price/Sqft
$471
HOA
-
Days on market
-
Sold On
-
MLS number
GD24208406
Home ConditionGood
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $879.0K(76th), sqft - 1865(50th), beds - undefined(50th), baths - undefined(50th).

Truly incredible potential is here!!! These 2 units are an excellent investment or perfect for renting out. Front has 2 bedrooms and 1 bath. Back unit is newer built. 2 families live in rear, potential buyer(s) collect 2 rents from back units. Back unit was built with fully permitted less than 5 years. Both units are tenants occupied and seller will sell property with tenants remain on premises. Each unit is designed with comfort, providing a perfect retreat for family and guest alike. It's perfect place to stay or for relaxation. It situated in a desirable neighborhood, close to popular restaurants, major retailers and schools. Don't miss out on this property and try to reach out today for your private showing. Both units are in good standard living. Closed to FWY 710 and 10 E. It may not stay long on market.

Condition Rating
Good
This property consists of two units with significantly different ages. The rear unit was built less than 5 years ago and is fully permitted, indicating modern construction and excellent condition for its components, including the visible kitchen and bathroom which feature modern cabinets, counters, and fixtures. The front unit, built in 1928, is nearly a century old. While no interior photos are provided for the front unit, the description states 'both units are in good standard living,' suggesting it is functional and habitable, though likely dated and may require future updates. The overall 'Good' score reflects the blend of a nearly new, high-quality unit and an older, maintained unit that is still considered to be in 'good standard living' condition.
Pros & Cons

Pros

Strong Income Potential: The property offers multiple rental incomes, with a front unit and two separate rents collected from the newer built rear unit(s), making it an excellent investment for immediate cash flow.
Newer, Permitted Rear Unit(s): The back unit(s) were recently constructed (less than 5 years ago) and fully permitted, indicating modern build quality and reduced immediate maintenance concerns for that portion of the property.
Immediate Cash Flow: Both units are tenant-occupied, ensuring immediate rental income for the buyer without the need for vacancy periods or tenant acquisition efforts.
Desirable Location & Accessibility: Situated in a desirable Los Angeles neighborhood, the property offers convenient access to popular restaurants, major retailers, schools, and major freeways (710 and 10 E).
City Lights View: The property features desirable city lights views, enhancing its aesthetic appeal and potentially contributing to its market value.

Cons

Tenant-Occupied Sale Challenges: Selling with existing tenants in place can present challenges for owner-occupant buyers or those planning immediate renovations, potentially involving complex eviction processes or rent control considerations in Los Angeles.
Age of Front Unit: The front unit, built in 1928, is nearly a century old, which may necessitate significant updates to its infrastructure (e.g., plumbing, electrical) or cosmetic renovations to meet modern standards.
Ambiguous Unit Configuration: The description implies more than two rental incomes ('2 families live in rear, potential buyer(s) collect 2 rents from back units') despite being listed as a 'Duplex,' which could suggest non-conforming units or require thorough due diligence to confirm legal unit count and rental income potential.

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