5746 Holmes Avenue, Los Angeles, California 90058, Los Angeles, 90058 - bed, bath
ACTIVE$475,000
5746 Holmes Avenue, Los Angeles, California 90058
0Bed
0Bath
1Sqft
3,439Lot
Year Built
1924
Close
-
List price
$475K
Original List price
$500K
Price/Sqft
$475,000
HOA
-
Days on market
-
Sold On
-
MLS number
RS25080429
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros.
THIS PROPERTY CONSISTS OF 2 DUPLEX 5746 / 5748 2 BEDROOM 2 BATH EACH. FOR SALE IN LOS ANGELES WITH SECTION 8 TENANTS......HAS AMPLE PARKING SPACE. PLEASE DONT DISTURB TENANTS. DRIVE BY ONLY. IT IS SOLD "AS IS CONDITION" SELLER WILL DO NO REPAIRS.....PROPERTY WILL BE DELIVERED WITH TENANTS. THIS IS THE BEST PRICE FOR A DUPLEX. SELLER HAS THE FLEXIBILITY TO NEGOTIATE ON THE BEST AND HIGHEST REASONABLE OFFER.
Price History
Date
Event
Price
08/04/25
$475,000
04/12/25
$500,000
Condition Rating
Poor
Built in 1924, this property is 100 years old and shows significant signs of age and deferred maintenance. The kitchens and bathrooms are extremely outdated with original or very old fixtures, worn tiles, and basic appliances, all requiring full replacement. The electrical panel appears very old, suggesting outdated wiring, and heating is via wall units, indicating no central HVAC. Popcorn ceilings are visible throughout. The 'AS IS' sale with 'SELLER WILL DO NO REPAIRS' explicitly states the need for substantial rehabilitation, aligning with the 'Poor' condition criteria where major components require repair and the property may be uncomfortable or potentially unsafe in its current state.
Pros & Cons
Pros
Multi-Unit Income Property: The property consists of two duplexes (four units total), offering substantial income potential for investors seeking cash flow.
Stable Section 8 Tenancy: Presence of Section 8 tenants ensures reliable, government-backed rental income, minimizing vacancy risk and providing consistent cash flow.
Ample Parking Availability: A valuable amenity in Los Angeles, ample parking enhances tenant appeal and adds practical value to the property.
Strategic Los Angeles Location: Located in a high-demand rental market within Los Angeles, offering potential for long-term appreciation and strong rental demand.
Motivated Seller & Price Flexibility: A recent price reduction and the seller's stated flexibility to negotiate indicate a motivated seller and potential for a favorable purchase price.
Cons
Sold "As-Is" Condition: The property is sold in "as-is" condition with no seller repairs, implying potential for significant deferred maintenance and costly renovations.
Restricted Property Access: The "drive by only" showing policy severely limits thorough interior inspection and due diligence, posing a considerable risk to potential buyers.
Tenant Occupied Delivery: The property will be delivered with existing tenants, which complicates immediate renovations, owner occupancy, or rent adjustments without navigating tenant rights.