459 S Sydney Drive, East Los Angeles, California 90022, East Los Angeles, 90022 - bed, bath
ACTIVE$1,200,000
459 S Sydney Drive, East Los Angeles, California 90022
0Bed
0Bath
3,566Sqft
13,508Lot
Year Built
1927
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$337
HOA
-
Days on market
-
Sold On
-
MLS number
DW25258053
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.20M(50th), sqft - 3566(50th), beds - undefined(50th), baths - undefined(50th).
Prime East LA Investment Opportunity! 459 S. Sydney Drive features 6 units with strong rental upside, ideal for immediate lease-up or renovation. The property offers just over 3,500 sq. ft. of living space on a generous 13,000+ sq. ft. lot, providing solid fundamentals and excellent value-add potential. Perfect for investors seeking stable income today with major upside in one of East LA’s most desirable rental markets.
Price History
Date
Event
Price
11/10/25
Listing
$1,200,000
Condition Rating
Poor
Built in 1927, this multi-unit property shows significant signs of age and deferred maintenance, particularly on the exterior with extensive peeling paint. The listing explicitly highlights 'value-add potential' and the need for 'renovation' to achieve 'strong rental upside,' indicating that the property, including kitchens and bathrooms, requires substantial repairs and rehabilitation. Without any mention of recent renovations, it's highly probable that all major systems and interior finishes are outdated and in poor condition, necessitating extensive capital expenditure to modernize.
Pros & Cons
Pros
Multi-Unit Income Potential: The property features 6 units, offering multiple income streams and significant rental upside for investors.
Value-Add Opportunity: Explicitly marketed for its 'excellent value-add potential' and suitability for 'immediate lease-up or renovation' to maximize returns.
Generous Lot Size: A substantial 13,508 sq. ft. lot provides ample space, which is a premium in urban East Los Angeles, potentially allowing for future expansion or enhanced amenities.
Desirable Rental Market: Located in 'one of East LA’s most desirable rental markets,' ensuring strong tenant demand and stable income potential.
Prime Investment Focus: Positioned as a 'Prime East LA Investment Opportunity' with 'solid fundamentals,' appealing directly to investors seeking growth.
Cons
Age of Property: Built in 1927, the property is nearly a century old, suggesting potential for outdated systems, infrastructure, and higher renovation costs.
Renovation Implied: The description highlights 'renovation' as a path to 'strong rental upside,' indicating that significant capital expenditure may be required to modernize and optimize the units.
Potential for Deferred Maintenance: Given its age and the 'value-add' proposition, there is a high likelihood of existing deferred maintenance issues that will require immediate attention and investment.