440 W 68th Street, Los Angeles, California 90003, Los Angeles, 90003 - 5 bed, 3 bath

440 W 68th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$800,000
440 W 68th Street, Los Angeles, California 90003
5Beds
3Baths
1,428Sqft
5,132Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Dual Income Potential: The property features two independent homes (SFR + ADU) on one lot, offering excellent potential for maximizing rental income or accommodating multi-generational living.
Top Cons:
Occupancy & Eviction Process: Both units are currently occupied with evictions in progress, meaning the property will not be delivered vacant, posing potential legal and financial complexities for the buyer.

Compared to the nearby listings

Price:$800.0K vs avg $750.0K (+$50,000)57%
Size:1,428 sqft vs avg 1,783 sqft21%
Price/sqft:$560 vs avg $37588%

More Insights

Built in 1922 (103 years old).
Condition: The property comprises two units: a meticulously maintained 1922 Spanish Revival front unit and a newer, elegantly constructed ADU. While interior photos of the main unit's kitchen and bathrooms are not provided, the description of 'meticulously maintained' for the front unit, coupled with visible exterior updates (modern windows, fresh paint) in the image, suggests a well-kept condition. The 'newer' and 'elegantly constructed' ADU implies modern kitchens and bathrooms. The combination of a well-maintained older structure with recent updates and a modern ADU indicates the property is move-in ready with no immediate major renovations required, aligning with a 'Good' condition score.
Year Built
1922
Close
-
List price
$800K
Original List price
$850K
Price/Sqft
$560
HOA
-
Days on market
-
Sold On
-
MLS number
CV24239411
Home ConditionGood
Features
Good View: City Lights, Mountain(s), Neighborhood
ViewCity Lights,Mountain(s),Neighborhood

About this home

Property Description Update: Please note that both units have evictions in progress and will be sold with tenants in place. They will not be delivered vacant. 2- homes on one lot. Single Family Residence with an ADU. Discover an exceptional investment opportunity in the heart of Los Angeles with this unique dual-property offering. Embrace the versatility of owning two homes on one lot: ideal for maximizing rental income or accommodating extended family living. The stunning front unit is a meticulously maintained Spanish Revival, featuring three spacious bedrooms, two bathrooms, and a convenient rear exit leading to a private backyard oasis. The newer rear unit is an elegantly constructed ADU, offering two bedrooms and one bathroom, along with its own beautifully landscaped outdoor space complete with custom-designed artificial turf—perfect for family gatherings or relaxation. Nestled in a tranquil neighborhood with verdant lawns flanking both sides, this property offers a serene retreat while still being moments away from major freeways and public transport. Proximity to exciting new developments and the iconic SoFi Stadium ensures you're at the heart of dynamic growth and opportunity. Whether you're an investor seeking immediate cash flow or a buyer looking to accommodate an extended family, this is a must-see. Both units come fully equipped with stoves and microwave hood vents at the close of escrow. Come see why this property stands out as a prime piece of Los Angeles real estate.

Price History

Date
Event
Price
12/16/22
Sold
$775,000
03/21/22
Sold
$275,000
Condition Rating
Good

The property comprises two units: a meticulously maintained 1922 Spanish Revival front unit and a newer, elegantly constructed ADU. While interior photos of the main unit's kitchen and bathrooms are not provided, the description of 'meticulously maintained' for the front unit, coupled with visible exterior updates (modern windows, fresh paint) in the image, suggests a well-kept condition. The 'newer' and 'elegantly constructed' ADU implies modern kitchens and bathrooms. The combination of a well-maintained older structure with recent updates and a modern ADU indicates the property is move-in ready with no immediate major renovations required, aligning with a 'Good' condition score.
Pros & Cons

Pros

Dual Income Potential: The property features two independent homes (SFR + ADU) on one lot, offering excellent potential for maximizing rental income or accommodating multi-generational living.
Prime Location & Accessibility: Strategically located near major freeways, public transport, exciting new developments, and the iconic SoFi Stadium, ensuring strong demand and future appreciation.
Charming Spanish Revival Front Unit: The front unit is a meticulously maintained Spanish Revival, boasting architectural character and a private backyard oasis.
Modern & Landscaped ADU: The newer rear ADU is elegantly constructed with its own beautifully landscaped outdoor space, including low-maintenance artificial turf, enhancing its appeal and functionality.
Desirable Views & Curb Appeal: Enjoyable City Lights, Mountain, and Neighborhood views, complemented by well-maintained verdant lawns that enhance the property's overall curb appeal.

Cons

Occupancy & Eviction Process: Both units are currently occupied with evictions in progress, meaning the property will not be delivered vacant, posing potential legal and financial complexities for the buyer.
Age of Main Structure: The primary residence was built in 1922, which, despite being well-maintained, may imply older infrastructure that could require future updates or maintenance.
Potentially Compact Living Spaces: With 5 bedrooms and 3 bathrooms across 1428 sqft for both units combined, individual living areas might be perceived as compact by some buyers, especially those seeking more spacious accommodations.

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