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867 N Alexandria Avenue N 3, Los Angeles, California 90029, Los Angeles, 90029 - bed, bath

867 N Alexandria Avenue N 3, Los Angeles, California 90029 home-pic-0
ACTIVE$1,998,000
867 N Alexandria Avenue N 3, Los Angeles, California 90029
0Bed
0Bath
4,040Sqft
5,132Lot
Year Built
1937
Close
-
List price
$2M
Original List price
$2.4M
Price/Sqft
$495
HOA
-
Days on market
-
Sold On
-
MLS number
SR24213919
Home ConditionPoor
Features
Patio
ViewCity Lights,Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $2.00M(50th), sqft - 4040(67th), beds - undefined(50th), baths - undefined(50th).

MOTIVATED SELLER!!! : Exceptional French Normandie Triplex in East Hollywood Huge two bedrooms with two closets each that can easily be converted into 4 bedrooms EACH UNIT. Welcome to an exquisite triplex masterpiece located at 867 N Alexandria Avenue, Los Angeles, CA 90029. This remarkable property features three separate two-story homes, each offering two spacious bedrooms and one and a half bathrooms, designed for both comfort and functionality. Highlights of this stunning triplex include: ? Elegant Interiors: Each unit boasts a blend of hardwood floors, carpet, tile, and stone finishes, creating a sophisticated living environment. ? Independent Utilities: Each home is equipped with its own gas and electric meters, ensuring privacy and convenience for residents. ? Basement Access: The triplex features a well-maintained basement showcasing upgraded copper plumbing, a raised and reinforced foundation, and ample bonus storage space. ? Ample Parking: The property includes a fully paved driveway with multiple covered parking spaces, along with a detached two-car garage. ? On-site Laundry: Convenient laundry facilities for all three units are located in the garage. Situated in a prime location, this triplex offers easy access to major freeways and is nestled within a vibrant community filled with local amenities. Don?t miss this opportunity to own a versatile investment property in one of Los Angeles? most desirable neighborhoods. Schedule your private tour today and make this exceptional triplex your own!

Condition Rating
Poor
Built in 1937, this triplex features significantly outdated interiors, particularly in the kitchens and bathrooms, which appear to be from the 1970s or 80s. Appliances are older white models, countertops are laminate, and lighting is fluorescent strip style. While the property benefits from upgraded copper plumbing and a reinforced foundation, and hardwood floors are present, the lack of central AC (window units visible) and the very dated finishes throughout the living spaces indicate a need for substantial rehabilitation to meet modern standards and comfort expectations. The property is functional but requires major renovation to its aesthetic and core systems beyond structural.
Pros & Cons

Pros

Investment Property: This triplex offers three separate two-story homes with independent gas and electric meters and on-site laundry, making it a robust income-generating asset.
Significant Value-Add Potential: Each 2-bedroom unit is described as easily convertible into 4 bedrooms, presenting a clear opportunity to substantially increase rental income and property value.
Key Structural & Utility Upgrades: The property benefits from a raised and reinforced foundation and upgraded copper plumbing in the basement, addressing common concerns associated with older buildings.
Prime East Hollywood Location: Situated in a vibrant community with easy access to major freeways and local amenities, enhancing its appeal to potential tenants and long-term value.
Ample Parking: The property includes a fully paved driveway with multiple covered parking spaces and a detached two-car garage, a highly desirable amenity in Los Angeles.

Cons

Age of Property: Built in 1937, the property may incur higher ongoing maintenance costs and potential future capital expenditures despite recent upgrades.
Lack of Specified HVAC/Cooling: The description does not mention a cooling system, which could be a significant drawback for tenant comfort during Los Angeles' warmer months.
Renovation Costs for Full Potential: While the units can be converted to 4 bedrooms, realizing this full value-add potential will likely require substantial renovation costs and time, which are not detailed.

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