1051 5th Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 3 bed, 2 bath
ACTIVE$1,200,000$1,411/sqft
Est. Value: $1,189,935
%
FairlyEstimate
1051 5th Avenue, Los Angeles, California 90019
3Beds
2Baths
1,411Sqft
6,502Lot
Price Vs. Estimate
The estimated value ($1,189,934.88) is $10,065.12 (0%) lower than the list price ($1,200,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Situated in the highly desirable Hancock Park area, offering prestige and strong appreciation potential within a sought-after Los Angeles neighborhood.
Top Cons:
HPOZ Restrictions: Being under a Historic Preservation Overlay Zone (HPOZ) may impose limitations and additional costs on exterior modifications and renovations, requiring specific approvals.
Compared to the nearby listings
Price:$1.20M vs avg $1.35M ($-150,000)40%
Size:1,411 sqft vs avg 1,767 sqft26%
Price/sqft:$850 vs avg $74771%
More Insights
Built in 1919 (107 years old).
Condition: Despite being built in 1919, the listing explicitly states the entire house has been recently renovated, which is strongly supported by the images. The kitchen features new white shaker cabinets, modern light countertops, and new stainless steel appliances (dishwasher, range, hood). Bathrooms are fully updated with contemporary vanities, glass-enclosed showers, modern tiling, and new fixtures. Throughout the home, there is new light-colored laminate/engineered wood flooring, fresh paint, and recessed lighting, indicating a comprehensive and high-quality renovation. The property appears move-in ready with virtually new components.
Year Built
1919
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$850
HOA
-
Days on market
-
Sold On
-
MLS number
26634183
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
This is an incredible opportunity to own a property in Hancock Park, just a stone's throw away. The entire house has been recently renovated. Priced accordingly to sell quickly. The buyer will need to conduct thorough due diligence with the city and their own contractors. The property is under HPOZ.
S
Steven Lee
Listing Agent
Nearby schools
3/10
Wilton Place Elementary School
Public,•K-5•0.6mi
7/10
Queen Anne Place Elementary School
Public,•K-5•0.6mi
3/10
Arlington Heights Elementary School
Public,•K-5•0.8mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•0.8mi
3/10
Los Angeles Elementary School
Public,•K-5•0.9mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.3mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.8mi
5/10
Pio Pico Middle School
Public,•6-8•0.6mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•0.7mi
7/10
John Burroughs Middle School
Public,•6-8•1.2mi
4/10
Los Angeles Senior High School
Public,•9-12•0.8mi
4/10
West Adams Preparatory High School
Public,•9-12•2.0mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.5mi
Price History
Date
Event
Price
05/31/22
Sold
$1,425,000
01/20/22
Sold
$1,200,000
11/21/18
Sold
$840,000
Condition Rating
Excellent
Despite being built in 1919, the listing explicitly states the entire house has been recently renovated, which is strongly supported by the images. The kitchen features new white shaker cabinets, modern light countertops, and new stainless steel appliances (dishwasher, range, hood). Bathrooms are fully updated with contemporary vanities, glass-enclosed showers, modern tiling, and new fixtures. Throughout the home, there is new light-colored laminate/engineered wood flooring, fresh paint, and recessed lighting, indicating a comprehensive and high-quality renovation. The property appears move-in ready with virtually new components.
Pros & Cons
Pros
Prime Location: Situated in the highly desirable Hancock Park area, offering prestige and strong appreciation potential within a sought-after Los Angeles neighborhood.
Recent Renovation: The entire house has been recently renovated, providing a modern, move-in ready living experience for the new owner.
City Lights View: Features desirable city lights views, enhancing the property's aesthetic appeal and overall market value.
Competitive Pricing: Priced strategically at $1.2M, which is below a recent 2022 sale of $1.425M, indicating a strong value proposition aimed for a quick sale.
Access to Highly-Rated Schools: Located within a district offering access to several well-regarded public schools, including John Burroughs Middle School (rating 7) and Queen Anne Place Elementary School (rating 7).
Cons
HPOZ Restrictions: Being under a Historic Preservation Overlay Zone (HPOZ) may impose limitations and additional costs on exterior modifications and renovations, requiring specific approvals.
Extensive Due Diligence Required: The listing explicitly advises thorough due diligence with the city and contractors, suggesting potential complexities or undisclosed issues that buyers must investigate.
Age of Original Structure: Despite recent renovations, the property's 1919 build year means the original infrastructure is over a century old, potentially leading to unforeseen maintenance or upgrade requirements not covered by the renovation.