844 N Poinsettia Place, Los Angeles, California 90046, Los Angeles, 90046 - 4 bed, 4 bath

844 N Poinsettia Place, Los Angeles, California 90046 home-pic-0
ACTIVE$1,849,000
844 N Poinsettia Place, Los Angeles, California 90046
4Beds
4Baths
1,991Sqft
7,620Lot
Year Built
1942
Close
-
List price
$1.85M
Original List price
$1.85M
Price/Sqft
$929
HOA
-
Days on market
-
Sold On
-
MLS number
25556967
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.85M(36th), sqft - 1991(40th), beds - 4(67th), baths - 4(64th).

Price Improvement!!!!!!Attention all investors, developers and owner/users!! Opportunities knock for owning greatly appointed bungalow style duplex in LAR3 zoning with 3 bed 3 bath front unit and 1 bed 1 bath back unit. Property located in the Melrose neighborhood of LA on the border of West Hollywood. Both units in move in condition with granite countertops kitchens, tiled bathrooms, hardwood floors, central HVAC system, and ample amount of closet spaces. Separate water heaters, gas and electric meters, a tranquil backyard, and a garage with storage and small office. This is a fantastic opportunity for an Owner/User to live in one unit and use the rent from the tenants to offset their mortgage or a value-added operator who would construct ADUs to stabilize the property for a higher rate of return, or a developer, who can build multi units. Located in a vibrant and trendy Los Angeles neighborhood. This prime location offers residents easy access to lively nightlife, diverse entertainment venues, cultural hotspots, and trendy dining options for which the area is renowned. The area is densely populated and close proximity of trendy shops, delicious eateries, parks, and entertainment options.

Price History

Date
Event
Price
07/15/25
Listing
$1,849,000
Condition Rating
Fair

Built in 1942, the property has undergone renovations as described (granite countertops, tiled bathrooms, hardwood floors, central HVAC). However, the images reveal that these updates, particularly in the kitchen (older white appliances, dated light wood cabinets, busy granite, and tile flooring) and bathrooms (basic tiled shower), are likely 15-30 years old. While move-in ready and well-maintained, the overall aesthetic and specific features are outdated, requiring minor updates to meet current styles and preferences.
Pros & Cons

Pros

Exceptional Location: Situated in the highly desirable Melrose neighborhood, bordering West Hollywood, offering vibrant nightlife, diverse entertainment, and trendy dining options.
Significant Development Potential: Benefits from LAR3 zoning, allowing for multi-unit construction and ADU additions, appealing to developers and value-add investors.
Income-Generating Duplex: Features two distinct units (3 bed/3 bath and 1 bed/1 bath) with separate utilities, providing immediate rental income or an owner-user mortgage offset opportunity.
Move-In Ready & Updated Interiors: Both units are in move-in condition, boasting modern amenities such as granite countertops, tiled bathrooms, hardwood floors, and central HVAC.
Broad Investor/Owner-User Appeal: Explicitly marketed to investors, developers, and owner/users, highlighting its versatility and multiple avenues for value creation.

Cons

Property Age: Built in 1942, the property's age may suggest potential for underlying infrastructure updates or higher maintenance costs despite cosmetic renovations.
Sub-Type Discrepancy: The property is listed as a 'Single Family Residence' in the sub_type field, which contradicts the description of it being a 'duplex' with multi-unit potential, potentially causing confusion for financing or zoning interpretation.
Lack of Views: The property explicitly states 'None' for views, which could be a minor detractor in a competitive Los Angeles market where scenic vistas often command a premium.

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