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

440 W 68th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$800,000
440 W 68th Street, Los Angeles, California 90003
0Bed
0Bath
1,428Sqft
5,132Lot
Year Built
2022
Close
-
List price
$800K
Original List price
$850K
Price/Sqft
$560
HOA
-
Days on market
-
Sold On
-
MLS number
CV24246161
Home ConditionExcellent
Features
Good View: City Lights, Mountain(s), Neighborhood
ViewCity Lights,Mountain(s),Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $800.0K(57th), sqft - 1428(21th), beds - undefined(50th), baths - undefined(50th).

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
Excellent

The property was built in 2022, making it a new construction. The listing describes a 'newer rear unit' and a 'meticulously maintained Spanish Revival' front unit, indicating a virtually new condition. The provided image shows a pristine exterior with fresh paint, new windows, and modern landscaping. New stoves and microwave hood vents are also included, confirming modern features and excellent overall quality.
Pros & Cons

Pros

Dual Income Property: The property features two independent homes on one lot (SFR + ADU), explicitly marketed as an exceptional investment opportunity for maximizing rental income or accommodating extended family.
Modern ADU Construction: The rear ADU is a newer, elegantly constructed unit with two bedrooms and one bathroom, complemented by a beautifully landscaped outdoor space with custom-designed artificial turf.
Strategic Location: Nestled in a tranquil neighborhood, the property offers excellent accessibility to major freeways and public transport, with close proximity to exciting new developments and the iconic SoFi Stadium.
Architectural Charm: The front unit is a meticulously maintained Spanish Revival, providing distinct architectural character and aesthetic appeal.
Desirable Views: The property boasts appealing views of City Lights, Mountains, and the surrounding Neighborhood, enhancing its overall desirability.

Cons

Occupancy & Eviction Issues: Both units are currently tenant-occupied with evictions in progress and will not be delivered vacant, presenting potential legal and financial complexities for the buyer.
Price Reduction History: The list price has been reduced from an original $850,000 to $800,000, which may indicate initial overpricing or challenges in attracting buyer interest.
Combined Square Footage: The total combined square footage of 1428 sqft for two units (a 3-bed/2-bath and a 2-bed/1-bath) could be perceived as relatively small, potentially limiting appeal for buyers seeking more spacious living arrangements.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state