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5314 Buchanan Street, Los Angeles, California 90042, Los Angeles, 90042 - 3 bed, 2 bath

5314 Buchanan Street, Los Angeles, California 90042 home-pic-0
ACTIVE$895,000
5314 Buchanan Street, Los Angeles, California 90042
3Beds
2Baths
1,293Sqft
5,364Lot
Year Built
1910
Close
-
List price
$895K
Original List price
$895K
Price/Sqft
$692
HOA
-
Days on market
-
Sold On
-
MLS number
WS25124055
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $895.0K(15th), sqft - 1293(8th), beds - 3(69th), baths - 2(69th).

Don't miss out on this great opportunity with great location convenient to everything. Property show 2 units owner converted into single family home for family member. Currently tenant occupancy. DRIVE BY ONLY SUBJECT FOR INTERIOR INSPECNTION. Buyer is advise to independently verify the accuracy of this information through personal inspection and/or with appropriate professional. PROPERTY TO BE SOLD " AS" IS CONDITION. SELLER WILL NOT DO ANY REPAIRS OR CREDIT BUYER; NO TERMITE AND WORK. please RESEARCH THE PROPERTY BEFORE SUBMITTING ANY OFFER. Please contact listing agent for any addition questions. Thank you for showing. No for sale sign on the property.

Condition Rating
Poor
Built in 1910 and explicitly sold 'as-is' with no repairs or credits, this property requires substantial rehabilitation. The listing notes 'Extensive Renovation Needs' for major systems (electrical, plumbing, HVAC) and general modernization. The lack of interior images, combined with the 'drive by only' access, strongly suggests outdated and potentially non-functional kitchens, bathrooms, and other components, consistent with a property that needs significant investment to be brought up to modern standards.
Pros & Cons

Pros

Prime Los Angeles Location: Situated in the desirable Highland Park area of Los Angeles, the property offers excellent convenience to local amenities, transportation, and the vibrant community.
Income Property Potential: Officially classified as a Duplex/Residential Income property, it presents a valuable opportunity for rental income or multi-generational living, despite its current use as a single-family home.
Historic Character: Built in 1910, the property possesses inherent historic charm and architectural character, appealing to buyers seeking unique properties with a sense of history.
Generous Lot Size: With a lot size of 5364 sqft, there is ample outdoor space for landscaping, potential expansion, or the addition of an Accessory Dwelling Unit (ADU), enhancing its long-term value.
Versatile Property Use: Originally a two-unit property converted to a single-family home, it offers flexibility for a buyer to either maintain it as a spacious residence or explore options to revert it to a duplex for investment.

Cons

Strict 'As-Is' Sale Condition: The property is explicitly sold 'as-is,' with the seller unwilling to perform any repairs, termite work, or offer credits, placing all financial responsibility for condition and renovations on the buyer.
Limited Property Access: Due to current tenant occupancy, access is restricted to 'drive by only' with interior inspections subject to arrangement, severely limiting a buyer's ability to conduct thorough due diligence.
Extensive Renovation Needs: Given its 1910 construction and 'as-is' status, the property likely requires significant investment in updating major systems (electrical, plumbing, HVAC), roofing, and general modernization to meet current standards and buyer expectations.

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