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5137 Wall Street, Los Angeles, California 90011, Los Angeles, - bed, bath

home-pic
ACTIVE$710,000
5137 Wall Street, Los Angeles, California 90011
0Bed
0Bath
3Sqft
8,048Lot
Year Built
1906
Close
-
List price
$710K
Original List price
$710K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25128451
Home ConditionFair
Features
Good View: City Lights
ViewCity Lights

About this home

TRIPLEX FOR SALE!!!!! Investors dream opportunity. Located in Southwest Los Angeles. Spacious 2 bedroom 1 and 1/2 bathroom house, large enough for a family. Paved front yard, enough room for family get togethers. Long Driveway for at least 4 cars. Home has central A/C and Heat. Fireplace in dining area. Carpet and laminate flooring throughout the home. Bonus room is permitted and can be converted into an additional bedroom if needed. The Duplex is 2 stories. Upstairs and Downstairs units are both 2 Bedrooms/ 1 Bathroom. Each has one parking spot. Upstairs unit has tile flooring and the downstairs unit has carpet. Minutes from 110 FWY, DTLA, Fashion District, USC and The Arts District. Close to Exposition park and the Soccer Stadium. Looking for a new buyer with an imagination, pro forma rent from Duplex could cover the mortgage and live in the home for free. It's also a great investment opportunity for a non occupied buyer. Open to all offers. Seller is highly motivated. Priced to sell fast. SERIOUS BUYERS/INVESTORS ONLY.

Nearby schools

2/10
Main Street Elementary School
Public,•K-5•0.1mi
5/10
Estrella Elementary School
Public,•K-5•0.3mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.6mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.8mi
2/10
Aurora Elementary School
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.9mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.9mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.1mi
2/10
Harmony Elementary School
Public,•K-5•1.1mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.2mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.6mi
3/10
George Washington Carver Middle School
Public,•6-8•0.8mi
2/10
John Muir Middle School
Public,•6-8•1.3mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.6mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.1mi
3/10
Manual Arts Senior High School
Public,•9-12•1.4mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.5mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.5mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.8mi
5/10
Santee Education Complex
Public,•9-12•2.4mi
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (23 Listings)
Beds00
Baths00
Square foot31,988
8%
Lot Size8,0485,364
96%
Price$710K$710K
50%
Price per square foot$237K$348.5
92%
Built year19069610962
25%
HOA
Days on market149167
33%
Condition Rating
Fair
The property was built in 1906. The description mentions carpet and laminate flooring, central A/C and heat, and a fireplace. The images show the exterior, which appears aged but maintained. Given the age and the description of some updates (flooring, HVAC), but likely no major renovations recently, a 'fair' condition is appropriate. The property requires minor updates or repairs.
Pros & Cons

Pros

Income Potential: Triplex property offers immediate income potential from two rental units, with the possibility of covering the mortgage.
Central A/C and Heat: The main house has central A/C and heat, providing comfort for tenants or owner-occupants.
Location: Conveniently located near the 110 FWY, DTLA, Fashion District, USC, Arts District, Exposition Park, and the Soccer Stadium.
Parking: Long driveway provides ample parking space for at least 4 cars, plus dedicated parking spots for the duplex units.
Bonus Room: The main house includes a permitted bonus room that can be converted into an additional bedroom, increasing its value.

Cons

Age of Property: Built in 1906, the property may require significant maintenance and upgrades due to its age.
Condition of Units: The duplex units have varying flooring (tile and carpet), suggesting potential for uneven wear and tear and the need for updates to standardize the units.
Limited Information: The description lacks details about the specific condition of the roof, plumbing, and electrical systems, which are crucial for older properties.

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