915 E 80th Street, Los Angeles, California 90001, Los Angeles, 90001 - 4 bed, 4 bath
ACTIVE$699,999
915 E 80th Street, Los Angeles, California 90001
4Beds
4Baths
1,800Sqft
5,334Lot
Year Built
1928
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$389
HOA
-
Days on market
-
Sold On
-
MLS number
SW25137945
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $700.0K(50th), sqft - 1800(86th), beds - 4(64th), baths - 4(86th).
Investor special. All four units need minor cosmetic repairs. SOLD AS-IS. Property addresses included are 915, 915 1/2, 917, 917 1/2 E. 80th St.
Nearby schools
3/10
Mckinley Avenue Elementary School
Public,•K-6•0.2mi
5/10
Wisdom Elementary School
Public,•K-6•0.5mi
5/10
Russell Elementary School
Public,•K-6•0.6mi
3/10
South Park Elementary School
Public,•K-6•0.7mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•0.9mi
4/10
Sixty-Sixth Street Elementary School
Public,•K-6•1.1mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.2mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•1.7mi
3/10
Sixty-First Street Elementary School
Public,•K-6•1.9mi
1/10
Charles Drew Middle School
Public,•6-8•0.7mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.1mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.1mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.7mi
3/10
John C. Fremont Senior High School
Public,•9-12•0.7mi
Price History
Date
Event
Price
11/19/10
Sold
$245,000
04/05/10
Sold
$131,000
11/21/05
Sold
$492,000
01/07/05
Sold
$398,000
Condition Rating
Poor
The property was built in 1928, making it nearly a century old. The listing explicitly states it's an 'Investor special' and 'SOLD AS-IS,' requiring 'minor cosmetic repairs' across all four units. While the exterior images show a weathered stucco finish, the absence of interior photos prevents a direct assessment of kitchen and bathroom conditions, appliances, flooring, or other critical systems. However, given the property's age and 'AS-IS' status, it is highly probable that major systems (plumbing, electrical, HVAC) are original or very outdated and require substantial repairs and rehabilitation, aligning with the 'poor' condition criteria. The term 'minor cosmetic repairs' likely understates the true extent of work needed to bring the property to a modern, comfortable, and safe standard.
Pros & Cons
Pros
Income-Generating Asset: This property is a quadruplex, offering four distinct units for rent, providing multiple income streams and strong potential for cash flow.
Investor Special with Value-Add Potential: Explicitly marketed as an 'Investor special' with 'minor cosmetic repairs' needed, indicating a clear opportunity for value appreciation through renovation and increased rental income.
Desirable City Lights View: The property boasts a 'City Lights' view, which can enhance tenant appeal and potentially command higher rental rates.
Strategic Los Angeles Location: Situated in Los Angeles, California, a major metropolitan area known for high rental demand and long-term property value appreciation.
Proximity to Quality Schools: Located near several highly-rated elementary schools (e.g., Wisdom Elementary and Russell Elementary with 5-star ratings) and John C. Fremont Senior High School within walking distance, appealing to families.
Cons
Sold 'As-Is' Condition: The property is sold 'AS-IS,' meaning the buyer assumes full responsibility for all necessary repairs, inspections, and potential hidden issues without seller contribution.
Required Cosmetic Repairs: While described as 'minor,' the need for cosmetic repairs across all four units will require immediate capital investment and effort from the buyer before optimal rental conditions are achieved.
Age of Property: Built in 1928, the property is nearly a century old, which may indicate potential for significant and costly upgrades to major systems such as plumbing, electrical, and HVAC, beyond just cosmetic fixes.