545 Eastmont Avenue, Los Angeles, California 90022, Los Angeles, 90022 - bed, bath
ACTIVE$1,255,000
545 Eastmont Avenue, Los Angeles, California 90022
0Bed
0Bath
3,909Sqft
6,356Lot
Year Built
1929
Close
-
List price
$1.25M
Original List price
$1.38M
Price/Sqft
$321
HOA
-
Days on market
-
Sold On
-
MLS number
SB25033478
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.25M(50th), sqft - 3909(50th), beds - undefined(50th), baths - undefined(50th).
Our office is proud to present this well maintained 6 unit multi-family property. The property consists of two separate parcels; the first parcel has 4(1Bed/1Bth) units and the second parcel has 2(Studio) units. Each unit is separately metered for electricity and gas. 5 Parking/storage spaces pay $585/month. Hastings St (Studio Units) had extensive plumbing work completed in 2022 and 2024.
Price History
Date
Event
Price
10/30/25
Price Change
$1,255,000-8.7%
02/13/25
Listing
$1,375,000
09/24/21
Sold
$895,000
10/25/18
Sold
$406,000
Condition Rating
Fair
The property was built in 1929, indicating an older structure. While the listing describes it as 'well maintained' and notes 'extensive plumbing work completed in 2022 and 2024' for some units, suggesting functional major systems, there are no interior images provided. This prevents assessment of the kitchen, bathroom, flooring, and other interior features. The exterior appears maintained but not recently modernized. Given its age and the lack of interior updates visible, it likely requires minor aesthetic updates to kitchens and bathrooms, but is functional due to ongoing maintenance.
Pros & Cons
Pros
Multiple Income Streams: The property consists of 6 units (4x 1Bed/1Bth and 2x Studio), providing diversified rental income and enhanced stability for an investor.
Separate Utilities Metering: Each unit is separately metered for electricity and gas, which significantly reduces landlord operating expenses and simplifies utility management.
Additional Revenue Source: The property includes 5 parking/storage spaces generating an additional $585/month, contributing to the overall income potential.
Recent Plumbing Upgrades: Extensive plumbing work completed in 2022 and 2024 for the studio units indicates proactive maintenance and reduces immediate capital expenditure concerns for a critical system.
Price Adjustment: The listing price has been reduced from $1.375M to $1.255M, potentially offering a more attractive entry point and better value for prospective buyers.
Cons
Age of Property: Built in 1929, the property is nearly a century old, which may suggest potential for aging infrastructure (e.g., roof, electrical, HVAC) that could require significant capital expenditures in the future, beyond the noted plumbing work.
Limited Unit Condition Details: While plumbing updates are mentioned for the studio units, there is no specific information regarding the interior condition, finishes, or recent renovations of all individual units, which could impact rental rates and tenant appeal.
Subjective Maintenance Claim: The description states 'well maintained,' but without detailed reports or specific capital improvement records for all major systems and common areas, this claim requires further due diligence to fully assess the property's overall condition.