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5363 Edna Street, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath

5363 Edna Street, Los Angeles, California 90032 home-pic-0
ACTIVE$979,000
5363 Edna Street, Los Angeles, California 90032
0Bed
0Bath
1,847Sqft
7,501Lot
Year Built
1926
Close
-
List price
$979K
Original List price
$979K
Price/Sqft
$530
HOA
-
Days on market
-
Sold On
-
MLS number
PW24166705
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $979.0K(67th), sqft - 1847(50th), beds - undefined(50th), baths - undefined(50th).

EXCELLENT INVESTMENT OPPORTUNITY IN EL SERENO. LIVE IN ONE HOUSE AND RENT THE REST! THE MAIN HOUSE CONSISTS OF 3 LARGE BEDROOMS, 2 FULL BATHS, AN OFFICE SPACE THAT COULD BE USED AS THE 4TH BEDROOM AS WELL AS A LARGE FAMILY ROOM CURRENTLY USED AS THE 5TH BEDROOM. IN THE SECOND UNIT, YOU WILL FIND A SPACIOUS 1 BEDROOM AND 1 BATH APARTMENT. THE THIRD UNIT IS A DETACHED AND OVERSIZED GARAGE WHICH HAS A SEPARATE ELECTRIC METER, IT CONSISTS OF 2 BEDROOMS AND 2 BATHS. THERE IS A LARGE DRIVEWAY PERFECT TO PARK MANY VEHICLES OR ALL YOUR TOYS AS WELL AS A LARGE YARD WITH MANY FRUIT TREES. THIS IS A RARE OPPORTUNITY, PERFECT FOR A SAVVY INVESTOR OR A LARGE FAMILY.

Condition Rating
Fair
Built in 1926, the property is aged but appears to be maintained. The main house features dated kitchens with older appliances and bathrooms with original-style fixtures and tiles. While the secondary units show more recent, albeit basic, updates to kitchens and bathrooms with laminate flooring, the overall property lacks modern amenities like central air conditioning (window AC units are visible). It is functional and livable but requires minor updates and renovations to meet current aesthetic and comfort standards.
Pros & Cons

Pros

Strong Income Potential: The property is explicitly marketed as an 'EXCELLENT INVESTMENT OPPORTUNITY' and a 'Triplex,' allowing for multiple rental incomes or flexible living arrangements.
Multi-Unit Configuration: Comprising a main house (3-5 beds, 2 baths), a second unit (1 bed, 1 bath), and a detached third unit (2 beds, 2 baths), it offers diverse rental options and high occupancy potential.
Versatile Use: Ideal for a savvy investor looking to maximize rental income or a large family seeking multi-generational living with independent spaces.
Ample Parking: A large driveway provides significant off-street parking, a valuable amenity in Los Angeles, accommodating many vehicles or recreational toys.
Desirable Outdoor Space: Features a large yard with many fruit trees, enhancing the property's appeal for tenants or residents seeking outdoor enjoyment and natural elements.

Cons

Age of Property: Built in 1926, the property is nearly a century old, which may imply outdated infrastructure, systems, and a higher likelihood of requiring significant maintenance or upgrades.
Unverified Garage Conversion: The third unit is described as a 'detached and oversized garage which... consists of 2 bedrooms and 2 baths.' The legality and permitting status of this conversion are not specified, posing potential risks for compliance and future use.
Potential for Extensive Renovation: Given its age and investment focus, the property likely requires substantial renovation or modernization across all units to meet current market expectations and maximize rental value, which could entail significant capital expenditure.

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