5133 Baltimore Street, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath
ACTIVE$870,000
5133 Baltimore Street, Los Angeles, California 90042
0Bed
0Bath
1,800Sqft
4,802Lot
Year Built
1939
Close
-
List price
$870K
Original List price
$899K
Price/Sqft
$483
HOA
-
Days on market
-
Sold On
-
MLS number
GD24244302
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $870.0K(15th), sqft - 1800(50th), beds - undefined(50th), baths - undefined(50th).
Price improvement!!! Great opportunity for investors! This Property features 3 units, each offering 1 bedroom and 1 bath with long term tenants. Located in a convenient area with proximity to local amenities and transportation. Whether you're looking to expand your portfolio or generate rental income, this property presents a strong opportunity. Don't miss out on this chance to own a lucrative investment property in the Highland Park area of Los Angeles!!!
Price History
Date
Event
Price
10/15/09
Sold
$325,000
Condition Rating
Fair
Built in 1939, this triplex is an older property with no indication of recent major renovations. The exterior appears structurally sound but dated, and the property analysis explicitly notes 'outdated systems' and 'potential for deferred maintenance.' While it has long-term tenants, suggesting it's functional and livable, the lack of interior photos combined with its age strongly implies that kitchens, bathrooms, appliances, and other systems are significantly outdated and likely show considerable wear. It requires substantial cosmetic updates and potential system upgrades to meet modern standards, aligning with the 'Fair' category where major components are functional but show signs of being outdated and require updates or repairs.
Pros & Cons
Pros
Multi-Unit Income Property: The property is a triplex featuring three 1-bedroom, 1-bath units, providing multiple income streams ideal for investors.
Established Rental Income: The presence of long-term tenants indicates stable occupancy and immediate rental income generation, reducing vacancy risk.
Strategic Location: Located in the desirable Highland Park area of Los Angeles, offering proximity to local amenities and transportation, enhancing tenant appeal and potential appreciation.
Recent Price Reduction: A recent price improvement from $899,000 to $870,000 makes the property a more competitive offering and potentially a better value for buyers.
Clear Investment Focus: Explicitly marketed as a 'lucrative investment property' for expanding portfolios or generating rental income, aligning with investor objectives.
Cons
Age of Property & Potential for Deferred Maintenance: Built in 1939, the property is older, which often implies a higher likelihood of deferred maintenance, outdated systems, and potential for significant capital expenditures.
Lack of Financial Transparency: The listing does not provide crucial financial data such as current rental income, expenses, or cap rate, which are essential for investors to accurately evaluate the property's profitability.
Likely Subject to Rent Control: As an older multi-unit property in Los Angeles, it is highly probable that the units are subject to rent control ordinances, which can restrict rental income growth and tenant management flexibility.