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8627 John Ave, Los Angeles, California 90002, Los Angeles, 90002 - bed, bath

8627 John Ave, Los Angeles, California 90002 home-pic-0
ACTIVE$1,124,999
8627 John Ave, Los Angeles, California 90002
0Bed
0Bath
2,210Sqft
5,152Lot
Year Built
1928
Close
-
List price
$1.12M
Original List price
$1.15M
Price/Sqft
$509
HOA
-
Days on market
-
Sold On
-
MLS number
DW25072299
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.12M(92th), sqft - 2210(50th), beds - undefined(50th), baths - undefined(50th).

Introducing a charming multi-family residence that's as versatile as it is inviting! Nestled in a vibrant Los Angeles neighborhood, this property offers two distinct living units, each with their own character and appeal. The front unit has been remodeled in 2015 With a newer Roof in 2024, reflects modern living standards, boasting 3 spacious bedrooms and 2 well-appointed bathrooms. Embrace the comfort of the well designed primary bedroom. Step into the Second unit (8631) to discover a fresh, two story newly built (2023) ADU space featuring 4 bedrooms and 3 bathroom - perfect for Living or as a rental opportunity. Both units have their own Electric and Gas Meter. Both units have their own washer and dryer hookups. Each unit provides ample living space with modern finishes that are sure to impress. With a Long Drive way and a Large two car Garage for ample Parking. Just around the corner from daily conveniences and public transit, living here means you're always connected. Ideal for anyone looking for a smart property investment or a lovely home with an extra unit for extended family or additional income, this charming property awaits to welcome you with open arms and endless possibilities. Come and see why life at this delightful residence is not just a living space, but a place to truly live!

Price History

Date
Event
Price
10/20/23
Sold
$934,000
08/21/15
Sold
$267,000
Condition Rating
Good
This property offers a unique blend of new construction and a recently remodeled unit. The newly built (2023) ADU is essentially brand new, featuring modern finishes, appliances, and systems, qualifying it for an 'Excellent' rating on its own. The front unit, though originally built in 1928, underwent a significant remodel in 2015 (9 years ago) and received a new roof in 2024. While the 2015 remodel is approaching the 10-year mark, the description states 'modern living standards' and the images confirm updated kitchens and bathrooms with contemporary styles and features (e.g., shaker cabinets, stainless steel appliances, modern fixtures, LVP flooring). The overall condition is move-in ready with no immediate renovations required, and major systems (like the roof) are new or well-maintained. The combination of a brand-new unit and a recently updated older unit averages out to a 'Good' score, leaning towards 'Excellent' due to the ADU's newness and the recent roof replacement on the main unit.
Pros & Cons

Pros

Strong Income Potential: The property features two distinct living units, including a newly built (2023) 4-bedroom, 3-bathroom ADU, making it ideal for rental income or multi-generational living.
Modern & Updated Units: The second unit is a fresh, two-story ADU built in 2023, offering contemporary finishes, while the front unit was remodeled in 2015, ensuring modern living standards.
Recent Major Capital Improvement: The front unit benefits from a newer roof installed in 2024, significantly reducing immediate maintenance concerns and adding long-term value.
Independent Utilities & Amenities: Both units have their own electric and gas meters, along with separate washer and dryer hookups, providing complete independence for tenants or extended family.
Ample Parking: The property includes a long driveway and a large two-car garage, offering valuable and convenient parking solutions in a dense urban area like Los Angeles.

Cons

Age of Original Structure: The front unit was originally built in 1928. While remodeled, potential buyers may have concerns about the underlying infrastructure (e.g., plumbing, electrical, foundation) not explicitly updated in the 2015 renovation.
Price Reduction Indication: The current list price is lower than the original list price, which could suggest the property has been on the market for some time or that the initial pricing was ambitious, potentially impacting buyer perception.
Limited Specifics on Front Unit Remodel: While the front unit was remodeled in 2015, the description lacks details on the extent of the renovation, leaving questions about which systems or components were updated beyond cosmetic finishes.

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