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860 W 73rd Street, Los Angeles, California 90044, Los Angeles, 90044 - 5 bed, 4 bath

860 W 73rd Street, Los Angeles, California 90044 home-pic-0
ACTIVE$885,000
860 W 73rd Street, Los Angeles, California 90044
5Beds
4Baths
2,275Sqft
5,602Lot
Year Built
2019
Close
-
List price
$885K
Original List price
$885K
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
DW25088496
Home ConditionGood
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

We found 3 Cons,6 Pros. Rank: price - $885.0K(73th), sqft - 2275(55th), beds - 5(88th), baths - 4(88th).

Welcome to 860 & 862 W 73rd Street, Los Angeles, Incredible Investment Property! One lot TWO PROPERTIES PLUS a bonus Room/studio with it's very own bathroom and kitchen. This property is very well maintained and both units offer recessed lighting. The back unit 862 is a newer build, built in 2019. The back unit offers newer kitchen cabinets, quartz counter tops and custom shutters throughout. The bathroom offers travertine flooring and a beautiful custom vanity, indoor laundry and many more features. The front unit 860 has tiled flooring in the living room and tiled kitchen counter tops and a tankless water heater. This unit also has custom shutters and is very well maintained. The property is very private with rod iron fencing in the front yard and alley access in the back of the property, with parking space for up to 5 cars. There is a cute courtyard located in between both units for relaxing and enjoying the Beautiful So Cal weather. This property is located in the heart of Los Angeles near the 110 freeway & great shopping. It's A Must See! DO NOT DISTURB TENANTS. Buyer is advised to independently verify the accuracy of all information through personal inspections and with the appropriate professionals to satisfy themselves.

Nearby schools

2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.3mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.4mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.5mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•1.0mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•1.0mi
4/10
Manchester Avenue Elementary School
Public,•1-6•1.0mi
3/10
La Salle Avenue Elementary School
Public,•K-5•1.5mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.6mi
3/10
Loren Miller Elementary School
Public,•K-6•1.7mi
2/10
John Muir Middle School
Public,•6-8•0.9mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.0mi
1/10
Horace Mann Junior High School
Public,•6-8•1.3mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.5mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.8mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.2mi
2/10
George Washington Preparatory High School
Public,•9-12•2.6mi
9/10
Middle College High School
Public,•9-12•3.9mi

Price History

Date
Event
Price
08/24/20
Sold
$688,500
09/10/19
Sold
$640,000
Condition Rating
Good
This property comprises multiple units with varying conditions. The back unit (862), built in 2019, features modern amenities such as newer kitchen cabinets, quartz countertops, and travertine bathroom flooring, aligning with 'Excellent' criteria. The front unit (860), while older, is described as 'very well maintained' with functional systems like a tankless water heater and custom shutters. However, its kitchen has dated tiled countertops and the bathroom is basic, suggesting a 'Fair' condition for that specific unit. Considering the property as a whole, the newer construction of one unit significantly elevates the overall quality, making the entire property move-in ready with well-maintained systems, even if the older unit could benefit from cosmetic updates.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Exceptional Income Potential: This property offers significant rental income opportunities with two distinct residential units plus a bonus studio, each with its own kitchen and bathroom.
Modern & Well-Maintained: The back unit is a newer 2019 build featuring contemporary finishes like quartz countertops, custom shutters, and travertine flooring, while the front unit is also well-maintained with upgrades including a tankless water heater.
Ample Private Parking: A valuable asset in Los Angeles, the property provides convenient alley access with parking space for up to 5 vehicles, complemented by a private, rod iron fenced front yard.
Prime Los Angeles Location: Strategically located in the heart of Los Angeles, offering excellent accessibility to the 110 freeway and proximity to shopping, enhancing both tenant appeal and property value.
Desirable Outdoor Space & View: Features a charming courtyard situated between the units for relaxation and enjoyment of the Southern California weather, along with city lights views.

Cons

Tenant Occupied: The property is currently tenant-occupied, which may present challenges for scheduling showings, conducting inspections, and could impact a buyer's immediate occupancy plans.
Mixed School Ratings: While within the Los Angeles Unified district, several nearby schools have lower ratings, which might be a consideration for families prioritizing top-tier public education options.
Disparity in Unit Modernity: Although both units are well-maintained, the front unit's finishes (e.g., tiled kitchen countertops) are less modern compared to the newer back unit's quartz, potentially creating an aesthetic imbalance.

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