5322 Geer Street, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 2 bath
ACTIVE$776,000
5322 Geer Street, Los Angeles, California 90016
2Beds
2Baths
1,152Sqft
3,123Lot
Year Built
1929
Close
-
List price
$776K
Original List price
$779K
Price/Sqft
$674
HOA
-
Days on market
-
Sold On
-
MLS number
PW24153305
Home ConditionFair
Features
View-
About this home
We found 2 Cons,3 Pros. Rank: price - $776.0K(29th), sqft - 1152(14th), beds - 2(71th), baths - 2(71th).
Location !Location corner lot with 2 unit has 1 Bedroom one Bath on each unit. This property always had long term tenants. Both have separate laundry rooms inside. There is a divided 2 car garage in the back. Each unit has 2 parking space . Both unit have been remolding with vinyl floor, new paint interior and exterior, stay one unit and rent out one for first time buyer . Great investment property , MUST SEE!!
Nearby schools
6/10
Marvin Elementary School
Public,•K-5•0.4mi
5/10
Cienega Elementary School
Public,•K-5•0.5mi
6/10
Baldwin Hills Elementary School
Public,•K-5•0.6mi
5/10
Virginia Road Elementary School
Public,•K-5•1.2mi
4/10
Alta Loma Elementary School
Public,•K-5•1.5mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.1mi
3/10
Arlington Heights Elementary School
Public,•K-5•2.2mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.1mi
2/10
Audubon Middle School
Public,•6-8•2.2mi
3/10
Daniel Webster Middle School
Public,•6-8•4.3mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.9mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•1.7mi
Price History
Date
Event
Price
06/03/14
Sold
$338,000
05/22/14
Sold
$205,000
Condition Rating
Fair
The property was built in 1929, but the description mentions remodeling with vinyl floors and new paint. The images show updated vinyl flooring and what appears to be a relatively modern kitchen and bathroom, but they are not high-end. Given the age and the extent of the remodel, 'fair' is an appropriate assessment. It needs minor updates to bring it to modern standards.
Pros & Cons
Pros
Income Potential: The property is a duplex with two units, offering immediate rental income potential for investors or owner-occupants looking to offset mortgage costs.
Recent Remodel: Both units have been recently remodeled with vinyl flooring and fresh paint, reducing immediate maintenance concerns and increasing tenant appeal.
Desirable Location: Located on a corner lot in Los Angeles, the property benefits from increased visibility and accessibility.
Cons
Age of Property: Built in 1929, the property may require ongoing maintenance and potential upgrades due to its age.
Limited Unit Size: Each unit is a 1-bedroom, 1-bath, which may limit appeal to larger families or tenants seeking more space.