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155 S Alvarado St
Score
0
Los Angeles, CA

155 S Alvarado St

1.2M
8 bd • 4 ba • 5,440 sf

This analysis was generated on 3/10/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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0:00 / 0:00
List Price

$1,200,000

Price/Sq.Ft

$221

Year Built

1923

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Price Position: At $220.59 per square foot, the property's pricing is difficult to assess without comparable sales data in the immediate area. Further research is needed to determine if this price is competitive. • Appreciation Trend: Insufficient market data is available to determine historical appreciation rates for this specific property or neighborhood. Further research is needed to assess long-term value trends. • Investment Opportunity: After $45,000 in renovations, potential $30,000 equity gain (66.7% ROI) • Rental Income: $11,880/month with 95% occupancy (0.1% cap rate) • Safety: Violent crime rates are significantly lower than state and national averages (-52.5% and -56.5% respectively). Property crime is slightly higher than the national average (3.3%) but lower than the state (-13.9%). • Future Development: The property's C2-1 zoning and TOC Tier 2 eligibility allow for potential ADU additions or redevelopment, increasing density and property value. The Executive Directive 1 (ED 1) program further supports sustainable development initiatives.

The Bad

• Exterior Painting and Repairs (MEDIUM priority): $25,000 • Roof Inspection and Repairs (MEDIUM priority): $15,000 • Landscaping and Curb Appeal Improvement (LOW priority): $5,000 • The property's age (built in 1923) may require significant renovation and maintenance costs. • Air quality risk is major (5/10) with 8 bad air days per year, potentially impacting tenant health and property value. • The surrounding schools have low ratings (2-5/10), which may deter families with children from renting or buying in the area. • Crime statistics indicate a high total crime rate (4920.0 per 100,000 residents), although violent and property crime rates are lower than state averages. Recent crime trends show an increase in both violent and property crimes from 2022 to 2023, which could negatively impact property value and tenant safety. • School Quality Issue: Below-average school ratings may negatively impact property values, particularly for families with children. Proximity to downtown and other amenities may offset this impact to some extent. Consider the availability of private school options.

The Ugly

No critical issues identified
Exterior Condition

Exterior Condition

The building's exterior shows signs of aging and could benefit from updates.

Roof Condition

Roof Condition

The roof appears to have a flat design, which can be prone to water accumulation and leaks if not properly maintained.

Billboard Attachment

Billboard Attachment

Billboard attached to the building could present structural concerns or maintenance issues.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $142,560 with 95% occupancy rate Value Investors: Projected 20.0% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $45,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$43,796

Property History

Price History
Ownership Timeline
$0Cash Purchase
Dec 27, 2008
Maria L Vargas, Norma Baca NovelloMaria L Vargas, The Maria L Vargas Revocable Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Nov 6, 1996
Norma B NovelloNorma Baca Novello, Norma Baca Novello Trust
Intrafamily Transfer
Non-Arm's Length Transactions

Property Taxes

$7,668
2024 Tax Assessment
1.7%from previous year
Assessed Value$567,753
Tax Rate1.35%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 90°F

airMODERATE

8 bad air quality days per year

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Safety Analysis

81/100
Excellent

Based on data from Glendale Police Department

Total Crime Rate
4920.0
per 100,000 residents
Violent Crime Rate
1089.5
per 100,000 residents
Property Crime Rate
3799.0
per 100,000 residents

Crime Rate Comparison

Recent Crime Trends

2022
Violent Crimes
955
Property Crimes
3,471
2023
Violent Crimes
1,224
28.2%
Property Crimes
4,190
20.7%

Risk Analysis

• The property's age (built in 1923) may require significant renovation and maintenance costs. • Air quality risk is major (5/10) with 8 bad air days per year, potentially impacting tenant health and property value. • The surrounding schools have low ratings (2-5/10), which may deter families with children from renting or buying in the area. • Crime statistics indicate a high total crime rate (4920.0 per 100,000 residents), although violent and property crime rates are lower than state averages. Recent crime trends show an increase in both violent and property crimes from 2022 to 2023, which could negatively impact property value and tenant safety. • Climate & Insurance: Installing high-efficiency air filters and a whole-house fan could cost $1,500-$3,000 to mitigate air quality concerns; consider cool roof coating ($4,000-$6,000) to reduce heat absorption. • Exterior Condition: The building's exterior shows signs of aging and could benefit from updates. • Roof Condition: The roof appears to have a flat design, which can be prone to water accumulation and leaks if not properly maintained. • Billboard Attachment: Billboard attached to the building could present structural concerns or maintenance issues.

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Schools

Showing top 5 of 40 schools

Kipp Promesa Prep

CharterGrades K-4
9/10
Elementary
456 students

John Marshall Senior High School

PublicGrades 9-12
8/10
High
2,381 students

Hoover Street Elementary School

PublicGrades K-5
8/10
Elementary
744 students

Dr. Sammy Lee Medical And Health Science Magnet Elementary

PublicGrades K-5
7/10
Elementary
644 students

Alliance 6-12 College-Ready Academy 21

CharterGrades 6, 9
7/10
Middle
300 students

Financials

Monthly Costs
Market Rent (8 bed)

$3,170

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,200,000
Price/sqft
$221
Layout
8 bd4 ba
Days on market
374 daysat time of analysis

Stats in the Area

Based on 1 comparable properties nearby

Average Price

$1,200,000

0.0%

Your price is 0.0% below average

Median Price

$1,200,000

0.0%

Based on 1 recent sales

Price per Sq.Ft

N/A

No price per sq.ft data available

Comparable Properties

3019 W 6th St, Los Angeles, CA 90020
Price: $1,200,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 12/31/2024

Frequently Asked Questions

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