1017 S Alfred Street, California, Los Angeles, 90035 - 4 bed, 3 bath
1017 S Alfred Street
California
Property Price
SUMMARY
Analysis of 1017 S Alfred Street, California reveals a property with a current list price of $1,990,000, which is 8% above the estimated $1,818,675 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the California Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1017 S Alfred Street Subject | $1,990,000* List Price | 4 | 3 | 3,100 | $587 | - |
A 6512 Olympic Place Sold | $2,180,000 | 4 | 3 | 2,636 | $827 | 0.2 mi |
B 1153 S Alfred Street Sold | $1,625,000 | 3 | 2 | 2,123 | $765 | 0.2 mi |
C 1127 S Oakhurst Drive Active | $1,995,000 List Price | 4 | 2 | 3,118 | $640 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1936, the property has undergone 'substantial building upgrades in the past few years,' making it turn-key and move-in ready. The kitchen features modern stainless steel appliances and a contemporary range hood. Bathrooms are updated with new vanities, modern fixtures, and clean tile work. The 'easy-maintenance vinyl flooring' throughout is consistent and appears well-maintained. While updated, some elements like the kitchen countertops and certain light fixtures are functional and clean but not high-end, preventing an 'Excellent' rating. The property shows minimal wear and tear and is in good overall condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Beverly Hills High School (9/10).
- Prime Location & Walkability
Located in a highly desirable Beverly Hills adjacent area, offering excellent walkability to shopping and restaurants, enhancing lifestyle and property value.
- Significant Income & Value-Add Potential
As a duplex with the potential to add up to two Accessory Dwelling Units (ADUs), this property offers exceptional investment opportunity and multiple income streams.
CONSRISKS & DEFICIENCIES
- HPOZ Restrictions
Being part of the South Cathay HPOZ (Historic Preservation Overlay Zone) may impose limitations and additional requirements on future exterior renovations or modifications.
- Potential Overpricing
The current listing price of $1.99M is 8% higher than the estimated property value, which could indicate it is overpriced relative to market analytics.
- Extended Market Time
The property has been on the market since January 2023, suggesting a longer selling period that might indicate buyer hesitation or perceived value concerns.
About 1017 S Alfred Street
EXCEPTIONAL INVESTMENT OPPORTUNITY. Location, location, location. Beautiful French Normandy duplex located in the Beverly Hills adjacent area.Walking distance to shopping and restaurants. The expansive 7,400 square foot lot provides a luscious backyard with a mature citrus tree, a perfect space for quiet nights or outdoor entertaining. Rare semi-private alley access, and 2 garages that can fit up to 3 cars plus a carport that can fit an RV. The lower unit has 2 bedrooms and 1 bath and the upper unit has 2 bedrooms and 2 bathrooms. The property is well-suited to add up to two ADUs (buyer to verify). Seller has invested in substantial building upgrades in the past few years while retaining the original charm of the house. Each room has been meticulously decorated. Large windows, easy-maintenance vinyl flooring, and plenty of storage throughout the unit. The kitchen is equipped with stainless steel appliances. This is a turn-key property ready for it's next owner. This property is part of the South Cathay HPOZ.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1936
- Lot Size
- 7,429 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
California Unified Schools
Carthay Center Elementary
Grades K-5 • 0.4 mi
Crescent Heights Boulevard Elementary School
Grades K-5 • 0.8 mi
Hancock Park Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 52% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,100 | 2,315 | 63% |
| Lot Size | 7,429 | 6,516 | 78% |
| Price | $1.99M | $2.60M | 41% |
| Price per sq ft | $642 | $1.0K | 11% |
| Built year | 1936 | 1936 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 1149 | 169 | 0% |
Pricing History
Sold
May 5, 2023
$1,843,000
Public Record
Sold
Aug 22, 2019
$1,505,000
Public Record