, Los Angeles, California 90011, Los Angeles, 90011 - 2 bed, 2 bath
ACTIVE$569,000
, Los Angeles, California 90011
2Beds
2Baths
630Sqft
1,747Lot
Price Vs. Estimate
The estimated value ($419,993.595) is $149,006.405 (26%) lower than the list price ($569,000). This property may be overpriced.
Key pros and cons
Top Pros:
Recent Major Upgrades: The property boasts a brand new roof and freshly painted interior and exterior, reducing immediate maintenance concerns for a buyer.
Top Cons:
Title Discrepancy: There is a significant discrepancy between the advertised 2 bedrooms/2 bathrooms and the 1 bed/1 bath stated on the title, which could lead to legal and financing complications.
Compared to the nearby listings
Price:$569.0K vs avg $560.0K (+$9,000)52%
Size:630 sqft vs avg 1,157 sqft10%
Price/sqft:$903 vs avg $51397%
More Insights
Built in 1924 (101 years old).
Condition: The property, built in 1924, has undergone significant recent upgrades including a brand new roof, fresh interior and exterior paint, and new tile flooring in the living room. The kitchen features modern white shaker cabinets, quartz countertops, and stainless steel appliances, appearing virtually new. The bathroom is also updated with contemporary tiling and fixtures. These renovations make the property move-in ready with no immediate renovation required. However, the 'as-is' sale condition and the discrepancy between the advertised bedrooms/bathrooms and the title record suggest potential underlying issues or unpermitted work, preventing an 'Excellent' rating despite the high quality of the visible renovations.
Year Built
1924
Close
-
List price
$569K
Original List price
$569K
Price/Sqft
$903
HOA
-
Days on market
-
Sold On
-
MLS number
24452389
Home ConditionGood
Features
Patio
View-
About this home
Good for first time Home buyers!!! Recent upgrades including brand NEW roof and Freshly painted interior and exterior. Features include: 2 Bedrooms / 2 Bathrooms, Beautiful kitchen with beautiful counter tops, tile flooring in Living room, and uncovered driveway parking. On the Title subject is 1 Bed/1 Bath. This is a must see! Nearest Cross Streets are E Vernon Ave and Compton Ave. This is a single family residence, in a well populated area of Los Angeles! Priced to sell! Property sits on a lot of 1,747 sqft, with a living area of 630 sqft which means there is plenty of room for expansions an ADU! , price is to sell as-is, Public transit, parks, schools, and shopping/entertainment near! Come take a tour of this property and all the potential it has
Condition Rating
Good
The property, built in 1924, has undergone significant recent upgrades including a brand new roof, fresh interior and exterior paint, and new tile flooring in the living room. The kitchen features modern white shaker cabinets, quartz countertops, and stainless steel appliances, appearing virtually new. The bathroom is also updated with contemporary tiling and fixtures. These renovations make the property move-in ready with no immediate renovation required. However, the 'as-is' sale condition and the discrepancy between the advertised bedrooms/bathrooms and the title record suggest potential underlying issues or unpermitted work, preventing an 'Excellent' rating despite the high quality of the visible renovations.
Pros & Cons
Pros
Recent Major Upgrades: The property boasts a brand new roof and freshly painted interior and exterior, reducing immediate maintenance concerns for a buyer.
Modernized Interior Features: Includes a beautiful kitchen with updated countertops and tile flooring in the living room, enhancing aesthetic appeal and functionality.
ADU/Expansion Potential: Despite its current size, the lot offers sufficient space for future expansions or the addition of an Accessory Dwelling Unit (ADU), adding potential value.
Convenient Location: Situated in a well-populated area with close proximity to public transit, parks, schools, and various shopping/entertainment options.
First-Time Homebuyer Target: Explicitly marketed towards first-time homebuyers, suggesting an accessible entry point into the Los Angeles market.
Cons
Title Discrepancy: There is a significant discrepancy between the advertised 2 bedrooms/2 bathrooms and the 1 bed/1 bath stated on the title, which could lead to legal and financing complications.
As-Is Sale Condition: The property is being sold 'as-is,' meaning the seller will not make repairs, placing the burden of any unforeseen issues or necessary upgrades entirely on the buyer.
Significant Overpricing: The list price is 26% higher than the estimated property value, indicating potential overvaluation and possibly a longer time on the market or a need for price reduction.