529 531 Sydney Drive, East Los Angeles, California 90022, East Los Angeles, 90022 - 5 bed, 2 bath
ACTIVE$805,000
529 531 Sydney Drive, East Los Angeles, California 90022
5Beds
2Baths
1,634Sqft
6,820Lot
Year Built
1965
Close
-
List price
$805K
Original List price
$805K
Price/Sqft
$493
HOA
-
Days on market
-
Sold On
-
MLS number
SR25162883
Home ConditionFair
Features
ViewNeighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $805.0K(41th), sqft - 1634(24th), beds - 5(82th), baths - 2(71th).
Condition Rating
Fair
The property was built in 1965. The single exterior image doesn't provide enough detail to assess the kitchen and bathroom conditions. However, given the age of the property, it likely requires some updates. It's probably been maintained but is showing its age. Without interior images, a 'fair' rating is the most appropriate.
Pros & Cons
Pros
Income Potential: As a duplex, the property offers immediate income-generating potential, appealing to investors or owner-occupants looking to offset mortgage costs.
Large Lot Size: The 6,820 sqft lot provides ample outdoor space, potentially allowing for future expansion, landscaping, or recreational amenities.
Desirable Location: Located in East Los Angeles, the property benefits from proximity to local amenities, schools, and transportation, enhancing its desirability.
View Property: The property offers neighborhood views, adding to its appeal and potentially increasing its market value.
Spacious Living Area: With 5 bedrooms and 1,634 sqft of living space, the property provides ample room for tenants or a large family.
Cons
Age of Property: Built in 1965, the property may require updates or renovations to meet modern standards and preferences.
Limited Bathrooms: Only 2 bathrooms for 5 bedrooms may be insufficient for larger families or multiple tenants, potentially impacting rental income.
Competitive Market: East Los Angeles is a competitive market, requiring strategic pricing and marketing to attract buyers or tenants.