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4368 Esmeralda Street, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath

4368 Esmeralda Street, Los Angeles, California 90032 home-pic-0
ACTIVE$990,000
4368 Esmeralda Street, Los Angeles, California 90032
0Bed
0Bath
2,425Sqft
2,973Lot
Year Built
1909
Close
-
List price
$990K
Original List price
$990K
Price/Sqft
$408
HOA
-
Days on market
-
Sold On
-
MLS number
DW25049636
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $990.0K(67th), sqft - 2425(83th), beds - undefined(50th), baths - undefined(50th).

Calling all investors & DIYers. MAKE AN APPOINTMENT TODAY TO VIEW ALL THREE UNITS. Nestled on the hillside of Rose Hills, this spectacular triplex consists of (2) three-bedroom one-bath units and (1) two-bedroom one-bath units. Each unit has its own separate address, water/electric/gas meters & water heaters making it more cost-effective for the owner. There is very little ground maintenance and no landscaping upkeep. The excellent location and proximity to the Los Angeles Civic Center, USC School of Medicine & County USC Medical Center as you go South on Huntington Drive. Going North on Huntington Drive takes you to Alhambra and South Pasadena in minutes. Also, it is close to Rose Hills Park, a family-friendly park that features Barbecue Pits, a lighted baseball Diamond, a children's play Area, and picnic tables. It is a must-see!

Price History

Date
Event
Price
07/13/07
Sold
$587,000
04/09/03
Sold
$183,500
Condition Rating
Poor
This triplex, built in 1909, is explicitly marketed to 'investors & DIYers' and noted as requiring 'Significant Investment/Work,' indicating substantial repairs and rehabilitation are needed. While some appliances in the kitchens appear newer (stainless steel ranges, refrigerator), the overall kitchen condition is dated with basic painted cabinets, laminate countertops, and utilitarian lighting (fluorescent strips, basic flush mounts). No bathroom images were provided, which often suggests they are in poor condition. Given the property's age and the description, it's highly probable that major systems (electrical, plumbing, HVAC, roof, foundation) are outdated and require significant capital expenditure to bring them to modern standards and ensure safety and comfort.
Pros & Cons

Pros

Strong Income Potential: The property is a triplex consisting of two 3-bedroom and one 2-bedroom units, offering robust rental income opportunities for investors.
Independent Utilities: Each unit benefits from its own separate address, water, electric, and gas meters, along with individual water heaters, significantly simplifying management and reducing owner utility costs.
Strategic Location: Excellent proximity to major employment and educational hubs such as the Los Angeles Civic Center, USC School of Medicine, and County USC Medical Center, attracting a stable and desirable tenant base.
Low Operational Costs: The property boasts very little ground maintenance and no landscaping upkeep, which translates to lower ongoing expenses for the owner.
Value-Add Opportunity: Explicitly marketed to 'investors & DIYers,' indicating significant potential for increased value and rental income through renovation and modernization.

Cons

Advanced Age: Built in 1909, the property is over a century old, suggesting potential for outdated infrastructure, systems, and higher capital expenditure for necessary upgrades and repairs.
Requires Significant Investment/Work: The marketing call to 'investors & DIYers' implies the property is not turn-key and will demand substantial time, effort, and financial resources for renovation and modernization.
Small Lot Size: With a lot size of 2973 sqft for a triplex, outdoor space for tenants or future expansion possibilities are relatively limited.

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