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6816 Denver Avenue, Los Angeles, California 90044, Los Angeles, 90044 - bed, bath

6816 Denver Avenue, Los Angeles, California 90044 home-pic-0
ACTIVE$845,000
6816 Denver Avenue, Los Angeles, California 90044
0Bed
0Bath
1,928Sqft
5,388Lot
Year Built
1923
Close
-
List price
$845K
Original List price
$899K
Price/Sqft
$438
HOA
-
Days on market
-
Sold On
-
MLS number
PW24112807
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $845.0K(67th), sqft - 1928(42th), beds - undefined(50th), baths - undefined(50th).

*TRIPLEX *********** TRIPLEX******** TRIPLEX ********************CHECK THE VIDEO AT: https://youtu.be/nO3Zm2_8_BY **Your Golden Opportunity to Own Prime Multifamily Real Estate in South LA!** Seize the chance to invest in one of the most desirable subdivisions in South Los Angeles. This exceptional property, fully renovated in 2018, features two stunning buildings: a front unit with 2 bedrooms and 1 bath, and a rear building comprising two units, each with 1 bedroom and 1 bath. Located in the vibrant heart of Los Angeles, this property offers unparalleled convenience. Just blocks from the 110 Freeway and minutes from the 105 Freeway, you'll enjoy easy access to all that LA has to offer. Walk to a variety of local businesses and find yourself just minutes away from the city's most iconic sports and entertainment venues. Experience tremendous upside income potential with this low-maintenance investment, thanks to its nearly brand-new condition. Don’t miss out on this incredible opportunity to own a piece of South LA’s thriving real estate market!

Nearby schools

4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.1mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.4mi
3/10
Sixty-First Street Elementary School
Public,•K-6•0.5mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.9mi
3/10
Budlong Avenue Elementary School
Public,•K-5•0.9mi
5/10
Estrella Elementary School
Public,•K-5•1.1mi
2/10
Main Street Elementary School
Public,•K-5•1.3mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.3mi
2/10
Western Avenue Elementary School
Public,•K-5•1.8mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•0.7mi
2/10
John Muir Middle School
Public,•6-8•0.8mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.5mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.2mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.6mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.9mi
5/10
Santee Education Complex
Public,•9-12•3.7mi
9/10
Middle College High School
Public,•9-12•4.0mi

Price History

Date
Event
Price
10/02/18
Sold
$590,000
08/25/17
Sold
$390,000
Condition Rating
Excellent
Despite the original build year of 1923, the property underwent a full renovation in 2018, making it effectively 'nearly brand-new' as stated in the description. The images confirm this with modern white and gray shaker cabinets, updated countertops, stainless steel appliances, recessed lighting, and new LVP and tile flooring throughout. Both kitchens and bathrooms are contemporary, clean, and show minimal wear, meeting current quality standards. The renovation, being 6 years old, is just outside the 5-year 'excellent' renovation window, but the comprehensive nature and high quality of the updates push it into the excellent category, indicating no immediate deferred maintenance.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Income-Generating Triplex: The property is a triplex with a desirable unit mix (one 2-bed/1-bath and two 1-bed/1-bath units), offering diversified rental income streams and strong investment potential.
Recent Extensive Renovation: Fully renovated in 2018, the property is in 'nearly brand-new condition,' minimizing immediate maintenance costs and enhancing tenant appeal.
Strategic South LA Location: Situated in a 'vibrant heart of Los Angeles' with 'Prime Multifamily Real Estate' designation, indicating strong rental demand and potential for property value appreciation.
Exceptional Accessibility: Boasts excellent freeway access (blocks from 110, minutes from 105) and walkability to local businesses, enhancing convenience for residents.
Low Maintenance Investment: Described as a 'low-maintenance investment' due to its recent renovation, appealing to investors seeking passive income.

Cons

Age of Original Construction: Despite a 2018 renovation, the property's original build year of 1923 suggests that some underlying structural or utility components may be older and could require future capital expenditures.
Mixed Local School Performance: The surrounding schools exhibit mixed performance ratings, which might be a consideration for potential tenants or buyers with school-aged children.
Recent Price Reduction: The property has undergone a price reduction from $899,000 to $845,000, which could indicate a slower market response or an initial overpricing.

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