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947 W 81st Street, Los Angeles, California 90044, Los Angeles, 90044 - 6 bed, 6 bath

947 W 81st Street, Los Angeles, California 90044 home-pic-0
ACTIVE$1,149,000
947 W 81st Street, Los Angeles, California 90044
6Beds
6Baths
1,502Sqft
9,458Lot
Year Built
1923
Close
-
List price
$1.15M
Original List price
$1.2M
Price/Sqft
$765
HOA
-
Days on market
-
Sold On
-
MLS number
OC25000084
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights

About this home

We found 2 Cons,3 Pros. Rank: price - $1.15M(91th), sqft - 1502(19th), beds - 6(88th), baths - 6(97th).

RTI PLANS ARE ALMOST APPROVED NOW, calling for all Investors and Builders, value in the land Zone LAR3, the plans are for 7 units which 6 units has 2 stories 3 bedrooms and 2 bathrooms with 2 car garages and a unit has 2 bedrooms and 1 bathroom. Back house is delivered VACANT one of the best thing in LOS ANGELES. Furthermore, Sofi Stadium and the USC campus are both within 4-miles radius, and the Crypto Arena is a mere 5 miles away. A perfect option for astute investors seeking to seize opportunities in the thriving LOS ANGELES rental market. The property's exceptional location further enhances its attractiveness, offering convenient access to major roads, highway and public transportation, making it a highly sought-after spot for potential tenants. Check it out and do not miss this opportunity to own it. Thank You!!!

Nearby schools

/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.5mi
4/10
Manchester Avenue Elementary School
Public,•1-6•0.6mi
3/10
Raymond Avenue Elementary School
Public,•K-5•0.6mi
2/10
Gerald A. Lawson Academy Of The Arts, Mathematics And Science
Public,•K-6•0.8mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•0.9mi
3/10
La Salle Avenue Elementary School
Public,•K-5•1.0mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•1.1mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.2mi
3/10
Loren Miller Elementary School
Public,•K-6•1.8mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.0mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.3mi
1/10
Horace Mann Junior High School
Public,•6-8•1.4mi
2/10
John Muir Middle School
Public,•6-8•1.4mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.3mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.4mi
2/10
George Washington Preparatory High School
Public,•9-12•2.1mi
9/10
Middle College High School
Public,•9-12•3.6mi

Price History

Date
Event
Price
07/05/22
Sold
$735,000
Condition Rating
Poor
The property was built in 1923 and the images show a very outdated interior. The kitchen and bathrooms appear to be in poor condition, with old fixtures and finishes. Given the age and apparent lack of recent renovation, the property requires substantial repairs and rehabilitation.
Pros & Cons

Pros

Development Opportunity: RTI plans are almost approved for 7 units, presenting a significant development opportunity for investors and builders.
Prime Location: Located within a 4-mile radius of SoFi Stadium and USC, and 5 miles from Crypto Arena, making it attractive to potential tenants.
Vacant Back House: The back house is delivered vacant, offering immediate rental income potential or flexibility for development.

Cons

Property Age: Built in 1923, the existing structure may require significant renovation or upgrades.
Price Reduction: The property has experienced a price reduction, which may indicate underlying issues or market concerns.

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