10401 S Van Ness Avenue, Inglewood, California 90303, Inglewood, 90303 - 3 bed, 2 bath
ACTIVE$625,000
10401 S Van Ness Avenue, Inglewood, California 90303
3Beds
2Baths
1,532Sqft
5,882Lot
Price Vs. Estimate
The estimated value ($625,000) is $0 (0%) lower than the list price ($625,000). This property may be overpriced.
Key pros and cons
Top Pros:
Strategic Price Adjustment: The property has undergone a significant price reduction from $745,573 to $625,000, indicating a motivated seller and offering a competitive entry point for potential buyers.
Top Cons:
Mature Construction Age: Built in 1955, the property's age suggests that major systems (e.g., electrical, plumbing, HVAC) and interior finishes may be original or dated, potentially requiring significant capital expenditure for modernization.
Compared to the nearby listings
Price:$625.0K vs avg $814.0K ($-189,000)5%
Size:1,532 sqft vs avg 1,469 sqft52%
Price/sqft:$408 vs avg $53210%
More Insights
Built in 1955 (70 years old).
Condition: Built in 1955, this property shows significant age and a lack of modern updates. The visible bathroom features an outdated vanity, sink, and tiling, while the utility area (likely part of the kitchen) also displays old cabinetry and a dated sink. Flooring consists of worn carpets and older linoleum/tile. Light fixtures and the electrical panel appear original or from a very old renovation. The property requires substantial rehabilitation and modernization to meet current standards, aligning with the 'poor' condition criteria.
Year Built
1955
Close
-
List price
$625K
Original List price
$746K
Price/Sqft
$408
HOA
-
Days on market
-
Sold On
-
MLS number
25579249
Home ConditionPoor
Features
View-
About this home
Contact listing agent directly to schedule appointments for showings
Condition Rating
Poor
Built in 1955, this property shows significant age and a lack of modern updates. The visible bathroom features an outdated vanity, sink, and tiling, while the utility area (likely part of the kitchen) also displays old cabinetry and a dated sink. Flooring consists of worn carpets and older linoleum/tile. Light fixtures and the electrical panel appear original or from a very old renovation. The property requires substantial rehabilitation and modernization to meet current standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Strategic Price Adjustment: The property has undergone a significant price reduction from $745,573 to $625,000, indicating a motivated seller and offering a competitive entry point for potential buyers.
Emerging Market Location: Located in Inglewood, a city experiencing substantial revitalization and investment with new sports and entertainment venues, suggesting strong appreciation potential and increasing desirability.
Substantial Lot Size: A generous 5,882 sqft lot provides ample outdoor space for landscaping, potential expansion, or creating private recreational areas.
Favorable Price-to-Value Ratio: The current list price of $625,000 is notably below the estimated property value of $707,568.06, presenting a strong value proposition for buyers.
Practical Layout: The 3-bedroom, 2-bathroom configuration within 1532 sqft offers a functional and comfortable living arrangement suitable for various household sizes.
Cons
Mature Construction Age: Built in 1955, the property's age suggests that major systems (e.g., electrical, plumbing, HVAC) and interior finishes may be original or dated, potentially requiring significant capital expenditure for modernization.
Limited Listing Information: The sparse property description lacks details on recent upgrades, specific features, or overall condition, necessitating a thorough in-person evaluation to assess its true state.
Absence of Scenic Views: The property explicitly states 'view: None,' which could be a drawback for buyers prioritizing scenic or panoramic outlooks.