5440 Aldama Street, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath
ACTIVE$849,800
5440 Aldama Street, Los Angeles, California 90042
0Bed
0Bath
1,540Sqft
4,501Lot
Year Built
1923
Close
-
List price
$850K
Original List price
$900K
Price/Sqft
$552
HOA
-
Days on market
-
Sold On
-
MLS number
IV24252251
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $849.8K(8th), sqft - 1540(46th), beds - undefined(50th), baths - undefined(50th).
Fantastic investment opportunity in the heart of Highland Park! ROOFING was recently replaced with a transferable warranty. Each unit offers 2 bedrooms and 1 bathroom with a functional and inviting layout. Whether you're looking for a rental income property or a place to call home, this duplex is an exceptional find. Don't miss out! Schedule a showing today.
Condition Rating
Poor
Built in 1923, this property shows significant age and wear throughout its interior, despite a recently replaced roof. The bathroom features very dated tiles and vanity, likely from a renovation 30-50 years ago. The flooring is a mix of worn tile and unpolished hardwood. Heating is provided by wall units, and cooling by window AC, indicating a lack of modern central HVAC. While livable, the property requires substantial repairs and rehabilitation, including major updates to the kitchen, bathrooms, electrical, plumbing, and HVAC systems, to meet current quality standards and comfort.
Pros & Cons
Pros
Income-Generating Property: This duplex is explicitly marketed as a 'fantastic investment opportunity' and 'rental income property,' offering two units for potential dual income streams or owner-occupancy with rental income.
Desirable Location: Located in the heart of Highland Park, Los Angeles, a highly sought-after and appreciating neighborhood known for its vibrant community and accessibility.
Recent Major Upgrade: A recently replaced roof with a transferable warranty significantly reduces immediate capital expenditure for a critical structural component, offering peace of mind to the buyer.
Price Adjustment: The property has seen a price reduction from its original list price ($899,800 to $849,800), potentially indicating a more competitive offering and better value for prospective buyers.
Functional Layout: Each unit features a 'functional and inviting layout' with 2 bedrooms and 1 bathroom, appealing to a broad range of potential tenants or owner-occupants.
Cons
Age of Property: Built in 1923, the property's age suggests potential for outdated systems (e.g., plumbing, electrical) and general wear and tear that may require significant future investment beyond the new roof.
Limited Property Details: The description is concise, lacking specific details on the interior condition, other recent upgrades (besides the roof), parking availability, or current rental income/occupancy, which could lead to buyer uncertainty.
Potential for Further Renovation: Despite the new roof, the overall age of the property implies that other major systems or cosmetic updates may be necessary to maximize rental value, tenant appeal, or meet modern living standards.