10510 Towne, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
ACTIVE$499,000$728/sqft
Est. Value: $334,251
-33%
AboveEstimate
10510 Towne, Los Angeles, California 90003
2Beds
1Bath
728Sqft
2,800Lot
Price Vs. Estimate
The estimated value ($334,250.655) is $164,749.345 (33%) lower than the list price ($499,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Los Angeles Location: The property is situated 'in the heart of Los Angeles,' offering access to a vibrant urban environment and strong market demand.
Top Cons:
Extensive Renovation Required: Explicitly stated as a 'major fixer' and a 'time capsule' with nothing changed since 1946, implying significant and costly renovations are necessary.
Compared to the nearby listings
Price:$499.0K vs avg $602.5K ($-103,500)26%
Size:728 sqft vs avg 1,111 sqft12%
Price/sqft:$685 vs avg $50383%
More Insights
Built in 1946 (80 years old).
Condition: The property was built in 1946, making it over 50 years old. The listing explicitly states, 'nothing has been changed since Truman was president,' indicating no major renovations in over 50 years. The description as a 'major fixer' and 'time capsule' strongly suggests that all systems, including the kitchen and bathroom, are original, severely outdated, and likely beyond practical repair, requiring complete demolition and redevelopment. The exterior images also show significant neglect and disrepair.
Year Built
1946
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$685
HOA
-
Days on market
-
Sold On
-
MLS number
OC26001948
Home ConditionTear down
Features
View-
About this home
Welcome to this 1946 time capsule in the heart of Los Angeles! This major fixer is a dream for investors, flippers and brave souls with great contractors. Because nothing has been changed since Truman was president, original details are abound in this 2 bed/1 bath beauty. If the walls of this one-story fixer could talk, they would ask for a remodel. Bring your Pinterest boards, your toolbox and a hard hat to transform this diamond in the rough to a shiny LA gem!
G
Gaelyn Goldsworthy
Listing Agent
Price History
Date
Event
Price
08/25/00
Sold
$80,000
05/08/98
Sold
$120,000
08/15/03
Sold
$130,000
11/01/01
Sold
$125,000
Condition Rating
Tear down
The property was built in 1946, making it over 50 years old. The listing explicitly states, 'nothing has been changed since Truman was president,' indicating no major renovations in over 50 years. The description as a 'major fixer' and 'time capsule' strongly suggests that all systems, including the kitchen and bathroom, are original, severely outdated, and likely beyond practical repair, requiring complete demolition and redevelopment. The exterior images also show significant neglect and disrepair.
Pros & Cons
Pros
Prime Los Angeles Location: The property is situated 'in the heart of Los Angeles,' offering access to a vibrant urban environment and strong market demand.
Significant Investment/Flip Potential: Explicitly described as a 'dream for investors, flippers,' indicating a substantial opportunity for value appreciation through renovation and modernization.
Customization Opportunity: Being a 'major fixer' allows a new owner to completely remodel and design the home to their exact specifications and modern standards.
Original Architectural Details: The presence of 'original details' from 1946 offers a unique charm and potential for restoration, appealing to buyers who appreciate vintage character.
Single-Family Home in Desirable Market: As a single-family residence in a high-demand city like Los Angeles, it holds inherent long-term value and appeal.
Cons
Extensive Renovation Required: Explicitly stated as a 'major fixer' and a 'time capsule' with nothing changed since 1946, implying significant and costly renovations are necessary.
Outdated Systems and Structure: The 1946 build year and lack of updates suggest original plumbing, electrical, and potentially structural components that will require full replacement or extensive upgrades.
Small Footprint: With only 728 sqft, 2 beds, and 1 bath on a 2800 sqft lot, the property offers limited living space and potential for expansion without major construction.