659 S Gerhart Avenue, East Los Angeles, California 90022, East Los Angeles, 90022 - 4 bed, 3 bath

659 S Gerhart Avenue, East Los Angeles, California 90022 home-pic-0
ACTIVE$849,999
659 S Gerhart Avenue, East Los Angeles, California 90022
4Beds
3Baths
1,856Sqft
6,750Lot
Year Built
1948
Close
-
List price
$850K
Original List price
$995K
Price/Sqft
$458
HOA
-
Days on market
-
Sold On
-
MLS number
MB25013520
Home ConditionFair
Features
Good View: None
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $850.0K(93th), sqft - 1856(97th), beds - 4(90th), baths - 3(93th).

Amazing opportunity! Wonderful property with pride of ownership located in a very desired part of Los Angeles county's East LA region. Front main house has 3 very good size bedrooms and 2 bathrooms with living room and separate dining room. Front unit is 1391 sq ft of living space. Rear unit is a 465 sq ft permitted recreation room that its currently used as ADU with 1 large bedroom, 1 bath and kitchen. Great opportunity to get suplemental income. Live in one and rent the other or rent both for a nice addition to your investment portfolio. Walking distance to shopping center, movie theater and iconic Whittier Blvd. Also minutes away from Downtown LA and all of its dining and entertaining venues. Bordering Montebello to the east, South San Gabriel and Monterrey Park to the north, you are sure to enjoy Los Angeles living at its best. The property has a green lush lawn in the front, a 2 car garage at the end of its large driveway and a nice courtyard with a mature avocado tree that produces the best buttery avocados you will taste. The ADU is a free standing unit built in 2002 with its own entrance and its separate back yard. All on a rectangular large flat lot 50' wide by 135' long, zoned R3. Meaning you have plenty of room to build more units and maximize the return on your investment. Opportunities like this don't come around too often. Don't let this one pass you by, schedule a private showing today!

Condition Rating
Fair

The property was built in 1948. The ADU was built in 2002. The main house kitchen and bathrooms appear dated and require updates. The ADU kitchen is small and basic. Overall, the property appears to be maintained but is aged and requires updates.
Pros & Cons

Pros

Income Potential: The property features a permitted ADU, offering significant supplemental income potential through rental.
Large Lot with R3 Zoning: The rectangular, large flat lot with R3 zoning provides ample room for building additional units, maximizing investment return.
Prime Location: Located in a desirable part of East Los Angeles, bordering Montebello, South San Gabriel, and Monterey Park, offering convenient access to shopping, entertainment, and Downtown LA.
Pride of Ownership: The property shows pride of ownership with a well-maintained front house and a lush green lawn.
Desirable Amenities: Features a mature avocado tree, a 2-car garage, and a separate entrance and backyard for the ADU, enhancing the property's appeal.

Cons

Year Built: The main house was built in 1948, which may require updates to meet modern standards and preferences.
Original List Price Reduction: The property has experienced a price reduction from its original list price, which may indicate market resistance or perceived overpricing.
Potential for Renovation: While well-maintained, the property may benefit from interior updates to appeal to a broader range of buyers seeking modern finishes.

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