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944 Hollins Street, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath

944 Hollins Street, Los Angeles, California 90023 home-pic-0
ACTIVE$675,000
944 Hollins Street, Los Angeles, California 90023
0Bed
0Bath
1,171Sqft
3,974Lot
Year Built
1956
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$576
HOA
-
Days on market
-
Sold On
-
MLS number
DW24218914
Home ConditionFair
Features
Patio
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $675.0K(62th), sqft - 1171(23th), beds - undefined(50th), baths - undefined(50th).

Fantastic opportunity for a first-time buyer or investor. This property Qualifies for a first-time buyer $50,000 grant to be used as down payment or closing cost. This property is very well taken care of. The Property consists of 2 units. 2Bedroom 1bath and a 1bedroom 1bath. Plenty of parking with an extra-long driveway and a detached garage that can be converted into a small Batchlor. The property is located in a great location, walking distance to the new 6th st bridge. Centrally located to 5,101,60 fwy. Just a short drive to Downtown LA. and en even shorter Drive to Art's district. Enjoy the nice restaurants, shops and Breweries just minutes from your home, this duplex is located walking distance to Elementary and high school.

Price History

Date
Event
Price
06/11/13
Sold
$250,000
Condition Rating
Fair
The property was built in 1956. The images show that the property has been maintained, but the kitchen and bathrooms appear dated. While functional, they would benefit from updates. The overall condition suggests it's been maintained through regular upkeep, but no major renovations have been done recently. Therefore, a 'Fair' rating is appropriate.
Pros & Cons

Pros

Income Potential: The property is a duplex, offering immediate rental income from two separate units (2 bed/1 bath and 1 bed/1 bath).
First-Time Buyer Incentive: Qualifies for a $50,000 grant for first-time buyers, significantly reducing down payment or closing costs.
Prime Location: Located near the 6th St bridge, with easy access to major freeways (5, 101, 60) and close proximity to Downtown LA and the Arts District, offering convenient access to amenities and attractions.

Cons

Year Built: Built in 1956, the property may require updates to meet modern standards and preferences.
Garage Conversion Potential: While the detached garage offers conversion potential, this would require additional investment and permitting.

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