7529 7531 Lexington Avenue, West Hollywood, California 90046, West Hollywood, 90046 - bed, bath
ACTIVE$1,485,000
7529 7531 Lexington Avenue, West Hollywood, California 90046
0Bed
0Bath
2,010Sqft
5,257Lot
Year Built
1921
Close
-
List price
$1.49M
Original List price
$1.49M
Price/Sqft
$739
HOA
-
Days on market
-
Sold On
-
MLS number
IV25156866
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros.
First time on market in over 50 years! This perfectly located West Hollywood Duplex will be delivered with the owner unit available. Recently updated and move in ready! Livingroom features built-in gas fireplace, two large bedrooms updated Kitchen and bath, laundry room, new carpet and LPV throughtout. Large rear yard with plenty of room to add ADU's. Second unit tenant will remain, 2 bedrooms and 1 full bath.
Condition Rating
Fair
The property was built in 1921 but has been recently updated. The listing mentions updated kitchen and bath in the owner's unit, and the images show a relatively modern bathroom. However, the kitchen appliances appear older, and the overall style suggests a renovation that is not recent enough to qualify for 'good' or 'excellent'. The presence of new carpet and LPV flooring is a plus, but the age of the building and the likely age of some systems bring the condition score down to 'fair'.
Pros & Cons
Pros
Prime Location: Located in the highly desirable West Hollywood area, offering excellent access to amenities, entertainment, and dining.
Income Potential: Duplex property provides immediate income potential with one unit already tenant-occupied.
Updated Owner's Unit: The owner's unit has been recently updated with new carpet, LPV flooring, kitchen and bath, making it move-in ready.
Large Lot with ADU Potential: The large rear yard offers significant potential for adding Additional Dwelling Units (ADUs), increasing property value and rental income.
Desirable Features: Living room features a built-in gas fireplace, adding to the property's appeal.
Cons
Older Building: Built in 1921, the property may require ongoing maintenance and potential upgrades due to its age.
Tenant Occupied Unit: Managing a tenant-occupied unit may present challenges for owner-occupancy or immediate renovation.
Second Unit Condition: The condition of the tenant-occupied unit is not specified, potentially requiring future renovations or upgrades.