5077 -5079 Borland Road, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath

5077 -5079 Borland Road, Los Angeles, California 90032 home-pic-0
ACTIVE$1,150,000
5077 -5079 Borland Road, Los Angeles, California 90032
0Bed
0Bath
2,621Sqft
5,427Lot
Year Built
1956
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$439
HOA
-
Days on market
-
Sold On
-
MLS number
GD24207190
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.15M(83th), sqft - 2621(92th), beds - undefined(50th), baths - undefined(50th).

RARE OPPORTUNITY !!! These 2 properties are side by side. 5077-5079 Borland Rd. and 5081-5083 Borland Rd. Own by the same owners. It can be sold together or sell separately. The different between both of them is the size of living space. The rent on 5077-5079 Borland Rd. ( 5079 is the unit that has 2 bedrooms and 1 bath. The remain 3 units is all studios.) It situated on a primary location and very easy access to all amenities and all transportations. It has 2 car attached garage in rear, also street parking is available. All rents receipts showed all tenants are paid on time every month. A lot of potential for future expanding if buy both properties together. A minor repairs cosmetic may apply. Owner will consider selling together or selling separately. It's a rare and unique property that can make the new owner turn the subject property into a big project and become a huge investment later. There are 4 separate electric meters and 4 separate gas meters, owner paid for water and trash. Fully fenced front and rear.

Price History

Date
Event
Price
06/07/22
Sold
$930,000
08/22/05
Sold
$549,000
Condition Rating
Poor

Built in 1956, this property is 68 years old with no indication of significant recent renovations. The listing explicitly states 'minor repairs cosmetic may apply' and describes it as a 'big project,' suggesting substantial deferred maintenance and necessary upgrades to modernize. While currently income-generating, the absence of interior photos, especially for kitchens and bathrooms, strongly implies these areas are severely outdated and require full rehabilitation. The property fits the 'poor' category, requiring substantial repairs and rehabilitation to bring it to current living standards.
Pros & Cons

Pros

Income-Generating Quadruplex: This property is a quadruplex, offering immediate multi-unit rental income potential with four separate electric and gas meters, making it an attractive investment.
Prime Location & Accessibility: Situated in a primary Los Angeles location, the property boasts very easy access to all amenities and transportation, enhancing its rental demand and tenant appeal.
Development & Expansion Potential: Described as a 'rare opportunity' with 'a lot of potential for future expanding' and the ability to become a 'big project,' indicating significant long-term development or value-add opportunities.
Strong Tenant Payment History: All rent receipts show tenants are paid on time every month, providing a reliable and consistent income stream for a prospective owner.
Parking & City Views: The property includes a 2-car attached garage, available street parking, and offers desirable city lights views, adding to its convenience and appeal.

Cons

Age and Condition: Built in 1956, the property may require 'minor repairs cosmetic' and is noted as a potential 'big project,' suggesting deferred maintenance or necessary upgrades to modernize.
Studio-Heavy Unit Mix: Three out of the four units are studios, which might limit the tenant demographic and potentially yield lower rental income compared to properties with larger unit configurations.
Landlord-Paid Utilities: The owner is currently responsible for water and trash expenses, which increases operating costs and reduces the net income for the landlord.

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