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5916 Piedmont Avenue, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath

5916 Piedmont Avenue, Los Angeles, California 90042 home-pic-0
ACTIVE$749,000
5916 Piedmont Avenue, Los Angeles, California 90042
0Bed
0Bath
1,052Sqft
1,600Lot
Year Built
1925
Close
-
List price
$749K
Original List price
$900K
Price/Sqft
$712
HOA
-
Days on market
-
Sold On
-
MLS number
PW24154949
Home ConditionGood
Features
Deck
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $749.0K(8th), sqft - 1052(8th), beds - undefined(50th), baths - undefined(50th).

Adorable Duplex in the heart of Highland Park. The 2 bedroom unit was recently fully remodeled. Some of the features of this unit include a full kitchen with subway tiles and small dining counter, hardwood floors, all stainless steel appliances, in unit washer dryer, kitchen skylight, mini-split and tankless water heater. The outdoor space includes a side-deck, rear-deck and back yard. Each detail of this remodeled unit has been considered to create a modern-industrial design. The other 1 bedroom unit has not been remodeled. Located in the Heart of Highland park! One block away from the Highland Park Metro station and just minutes away from the 110 freeway.

Price History

Date
Event
Price
08/29/18
Sold
$509,000
Condition Rating
Good
This duplex presents a mixed condition. The 2-bedroom unit has been recently and extensively remodeled to a modern-industrial design, featuring a new kitchen with subway tiles and stainless steel appliances, hardwood floors, a modern bathroom, mini-split AC, and a tankless water heater, placing it in excellent, move-in ready condition. However, the other 1-bedroom unit has not been remodeled since its 1925 build, indicating it is likely very outdated and would require significant renovation to match the quality of the remodeled unit. The overall 'Good' score reflects the high quality and recent updates of one unit, while acknowledging the substantial work needed on the second unit.
Pros & Cons

Pros

Income-Generating Property: As a duplex, this property offers immediate rental income potential, appealing to investors or owner-occupants looking to offset mortgage costs.
Prime Highland Park Location: Situated in the heart of Highland Park, with excellent walkability and transit access (one block from Metro station, minutes from 110 freeway), enhancing desirability and rental demand.
Recently Remodeled Unit: The 2-bedroom unit boasts a full, modern-industrial remodel with high-end features like stainless steel appliances, in-unit washer/dryer, mini-split AC, and tankless water heater, making it highly attractive.
Desirable Outdoor Spaces: The property includes a side-deck, rear-deck, and backyard, providing valuable private outdoor living areas in an urban environment.
Significant Price Reduction: The current list price of $749,000 is a substantial reduction from the original list price of $900,000, potentially offering a more attractive entry point for buyers.

Cons

Unremodeled Second Unit: The 1-bedroom unit has not been remodeled, requiring additional investment and effort to bring it to the same modern standard as the other unit, potentially delaying full income maximization.
Limited Lot and Living Space: With a total of 1052 sqft on a 1600 sqft lot, the property offers relatively compact living spaces and minimal outdoor area, which might not suit all buyers or tenants.
Age of Property & Potential Maintenance: Built in 1925, the property's age, especially for the unremodeled unit, could imply older systems and potential for deferred maintenance or unexpected repair costs.

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