519 W Athens, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath
ACTIVE$1,100,000
519 W Athens, Los Angeles, California 90044
0Bed
0Bath
2,084Sqft
15,979Lot
Year Built
1954
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$528
HOA
-
Days on market
-
Sold On
-
MLS number
SB25268553
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.10M(88th), sqft - 2084(50th), beds - undefined(50th), baths - undefined(50th).
Rare investment opportunity featuring two detached homes on a single, expansive lot. This property consists of a front house (521) and a rear house (519), offering a stable income-generating asset for your portfolio. The site features a long driveway with ample surface-level parking, a standalone garage, and an attached garage for the rear unit. Both homes enjoy access to generous outdoor space with front and rear yards. An ideal acquisition for an investor looking for immediate cash flow and significant future lot utility.
Price History
Date
Event
Price
12/01/25
Listing
$1,100,000
Condition Rating
Poor
Built in 1954, this 70-year-old property shows no evidence of recent renovations. The property analysis explicitly states it 'likely requiring significant updates to systems (plumbing, electrical) and aesthetics.' The absence of interior images, particularly for kitchens and bathrooms, strongly suggests these areas are original or very dated, necessitating substantial modernization and rehabilitation to meet current standards. While the exterior appears maintained, the age of the property indicates major components and systems are likely past their useful life and require significant investment.
Pros & Cons
Pros
Income-Generating Asset: Features two detached homes on a single lot, providing immediate and stable rental income for investors.
Expansive Lot Size: An exceptionally large 15,979 sqft lot in Los Angeles offers significant land value and potential for future development or expansion.
Development Potential: The generous lot size and 'future lot utility' suggest strong potential for adding ADUs, expanding existing structures, or even redevelopment, maximizing long-term value.
Ample Parking: The property boasts a long driveway, a standalone garage, and an attached garage, providing abundant off-street parking which is a premium in urban Los Angeles.
Generous Outdoor Space: Both homes benefit from access to private front and rear yards, enhancing tenant appeal and quality of life.
Cons
Age of Construction: Built in 1954, the homes are 70 years old, likely requiring significant updates to systems (plumbing, electrical) and aesthetics to meet modern standards and maximize rental income.
Potential Renovation Costs: As an 'investment opportunity' with older structures, the property likely requires substantial capital investment for modernization, repairs, or to fully realize its 'future lot utility'.
Maintenance & Management Complexity: Managing two detached units on a large, older lot can entail higher maintenance costs and greater management effort compared to a single-family home or newer multi-unit property.