1105 E 113th Street, Los Angeles, California 90059, Los Angeles, 90059 - 4 bed, 3 bath
ACTIVE$650,000
1105 E 113th Street, Los Angeles, California 90059
4Beds
3Baths
1,662Sqft
8,683Lot
Year Built
1929
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$391
HOA
-
Days on market
-
Sold On
-
MLS number
IV25058481
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,6 Pros. Rank: price - $650.0K(64th), sqft - 1662(87th), beds - 4(75th), baths - 3(89th).
CHARMING MULTI-UNIT / FIXER-UPPER IN LOS ANGELES , LARGE BACKYARD , CLOSE TO THE SHOPPING CENTER, CLOSE TO THE FREEWAY . THERE ARE PHYSICALLY 4 UNITS TOTAL HOWEVER ASSESSORS OFFICE ONLY SHOWS 2 UNITS. BUYER TO ASSUME CURRENT CONDITION . IT HAS LEASE SOLAR PANELS AND THEY PAY $160 A MONTH.
Price History
Date
Event
Price
03/17/25
Listing
$650,000
11/18/98
Sold
$116,000
Condition Rating
Poor
Built in 1929, this property is explicitly described as a 'FIXER-UPPER' and requires substantial repairs and rehabilitation. The visible exterior images show significant neglect, including a rusty fence and a dilapidated carport structure. While interior photos are not available, the 'fixer-upper' status strongly indicates that the kitchen, bathrooms, and all major systems are outdated and in need of extensive renovation or replacement to meet current living standards. The property's condition aligns with requiring significant investment to address defects and bring it to a livable, comfortable state.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8683, living area = 1662.
Multi-Unit Income Potential: The property is physically configured as four units, offering significant income-generating potential or flexible living arrangements for multiple families, despite assessor records.
Large Lot Size: An expansive 8,683 sqft lot provides ample outdoor space, potential for expansion, gardening, or future development opportunities in an urban setting.
Strategic Location: Conveniently located close to shopping centers and major freeways, ensuring easy access to amenities and transportation for residents.
Value-Add Investment: Described as a 'charming fixer-upper,' it presents a prime opportunity for investors or owner-occupants to add significant value through renovation and modernization.
City Lights View: The property boasts desirable city lights views, enhancing its aesthetic appeal and potential resale value.
Cons
Assessor Discrepancy: A critical issue where the property physically contains four units, but assessor records only show two, posing potential legal, permitting, and financing challenges.
Fixer-Upper Condition: Being sold 'as-is' and described as a 'fixer-upper' indicates a need for substantial renovation and capital investment to bring it to modern standards.
Leased Solar Panels: The presence of leased solar panels incurs a monthly payment of $160, representing an ongoing expense rather than an owned asset, which could impact utility savings and transaction complexity.