524 N Cummings Street, Los Angeles, California 90033, Los Angeles, 90033 - 11 bed, 5 bath
ACTIVE$750,000
524 N Cummings Street, Los Angeles, California 90033
11Beds
5Baths
2,628Sqft
5,559Lot
Year Built
1908
Close
-
List price
$750K
Original List price
$950K
Price/Sqft
$285
HOA
-
Days on market
-
Sold On
-
MLS number
25507789
Home ConditionFair
Features
Deck
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $750.0K(53th), sqft - 2628(80th), beds - 11(93th), baths - 5(93th).
3 units/ correct address is 524, 526, 526 1/2 N. Cummings, Los Angeles, CA 90033. INCREDIBLE OPPORTUNITY TRI-PLEX to own close to downtown Los Angeles. The property currently has 12 rooms and 5 Baths. Currently, the Seller collects rents on time, and tenants are very cooperative. The seller did HUGE cosmetic renovations to the property. Close to 5 FREEWAY, a short walk to shopping, schools, a medical hospital, and all the fun of Downtown LA. As-is and will close with tenants in place. Rent control.
Price History
Date
Event
Price
10/30/25
Price Change
$750,000-9.1%
10/28/25
Price Change
$825,000+3.3%
08/24/25
Price Change
$799,000-6.0%
08/17/25
Price Change
$850,000+9.7%
08/01/25
$775,000
02/04/25
$950,000
06/27/23
Sold
$525,000
06/27/23
Sold
$559,000
03/29/23
Sold
$500,000
Condition Rating
Fair
Built in 1908, this property has undergone 'huge cosmetic renovations' as stated, which are evident in the refreshed exterior stucco and some newer elements in the kitchen, such as stainless steel appliances and updated flooring. However, the kitchen cabinets are traditional and not modern, and the bathroom features dated tile flooring and a basic vanity, indicating it has not been extensively renovated to current standards. While functional and maintained, the property's age and the dated aspects of key areas like the bathroom suggest it requires minor updates to meet contemporary expectations, aligning with a 'Fair' condition.
Pros & Cons
Pros
Multi-Unit Income Property: This tri-plex offers immediate cash flow with existing, cooperative tenants who pay rent on time, making it an attractive investment for stable income.
Strategic Location: Situated close to Downtown Los Angeles, the I-5 Freeway, shopping, schools, and a medical hospital, enhancing tenant desirability and potential for appreciation.
Recent Cosmetic Renovations: The seller has completed significant cosmetic renovations, reducing immediate aesthetic improvement costs for a new owner.
High Unit and Room Count: Comprising 3 units with a total of 12 rooms and 5 baths, the property offers versatile rental configurations and strong income potential.
Investment Opportunity: Marketed as an 'incredible opportunity,' this property is well-suited for investors looking for a multi-family asset in a dynamic Los Angeles market.
Cons
Rent Control Restrictions: The property is subject to rent control, which may limit future rental income growth and tenant management flexibility.
As-Is Sale with Existing Tenants: Sold in 'as-is' condition with tenants in place, the buyer assumes all current property conditions and inherits existing leases, potentially complicating future plans or renovations.
Advanced Age of Property: Built in 1908, the property's age suggests potential for significant deferred maintenance, outdated systems, or costly structural repairs beyond the recent cosmetic upgrades.