1120 N Van Ness Avenue, Los Angeles, California 90038, Los Angeles, 90038 - 7 bed, 4 bath
ACTIVE$1,490,000
1120 N Van Ness Avenue, Los Angeles, California 90038
7Beds
4Baths
3,663Sqft
7,337Lot
Price Vs. Estimate
The estimated value ($1,374,335.18) is $115,664.82 (7%) lower than the list price ($1,490,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Situated in the highly desirable Hollywood area (90038, C20 - Hollywood), offering excellent access to amenities, entertainment, and strong potential for appreciation.
Top Cons:
Advanced Age & Potential for Extensive Renovation: Constructed in 1909, the property is over a century old, likely requiring significant investment in updates to plumbing, electrical, HVAC, and general modernization to meet contemporary standards.
Compared to the nearby listings
Price:$1.49M vs avg $1.07M (+$424,000)93%
Size:3,663 sqft vs avg 1,798 sqft93%
Price/sqft:$407 vs avg $5767%
More Insights
Built in 1909 (116 years old).
Condition: Built in 1909, this property is over a century old and the exterior image clearly shows significant weathering, unpainted wood siding, and aged windows, indicating a severe lack of maintenance. The property analysis explicitly states 'Advanced Age & Potential for Extensive Renovation,' requiring 'significant investment in updates to plumbing, electrical, HVAC, and general modernization to meet contemporary standards.' Without interior images, it's safe to assume the kitchen, bathrooms, and all major systems are original or very outdated, requiring complete overhaul. This property requires substantial repairs and rehabilitation to be brought to a livable, modern standard.
Year Built
1909
Close
-
List price
$1.49M
Original List price
$1.49M
Price/Sqft
$407
HOA
-
Days on market
-
Sold On
-
MLS number
25542635
Home ConditionPoor
Features
View-
About this home
Don't let the price stop you from making an offer. Seller wants to make a move!
Price History
Date
Event
Price
04/30/18
Sold
$1,200,000
04/01/04
Sold
$525,000
07/30/03
Sold
$410,000
Condition Rating
Poor
Built in 1909, this property is over a century old and the exterior image clearly shows significant weathering, unpainted wood siding, and aged windows, indicating a severe lack of maintenance. The property analysis explicitly states 'Advanced Age & Potential for Extensive Renovation,' requiring 'significant investment in updates to plumbing, electrical, HVAC, and general modernization to meet contemporary standards.' Without interior images, it's safe to assume the kitchen, bathrooms, and all major systems are original or very outdated, requiring complete overhaul. This property requires substantial repairs and rehabilitation to be brought to a livable, modern standard.
Pros & Cons
Pros
Prime Location: Situated in the highly desirable Hollywood area (90038, C20 - Hollywood), offering excellent access to amenities, entertainment, and strong potential for appreciation.
Substantial Size: A large single-family residence with 7 bedrooms and 4 bathrooms across 3663 sqft, providing ample living space for a large family or potential for various configurations.
Generous Lot Size: The 7337 sqft lot offers significant outdoor space, potential for expansion, landscaping, or the addition of amenities.
Seller Motivation: The explicit statement 'Seller wants to make a move!' suggests a high degree of flexibility for negotiation, potentially allowing buyers to secure a favorable deal.
Historic Character & Renovation Potential: Built in 1909, the property possesses inherent historic charm and offers a unique opportunity for a buyer to restore and modernize a classic Los Angeles home to their taste.
Cons
Advanced Age & Potential for Extensive Renovation: Constructed in 1909, the property is over a century old, likely requiring significant investment in updates to plumbing, electrical, HVAC, and general modernization to meet contemporary standards.
No Desirable Views: The property explicitly states 'view: None,' which can be a drawback in a market where desirable views often command a premium.
Overpriced Relative to Market Estimation: The current list price is 7% above the property's estimated value, potentially making it less competitive in the market and requiring a price adjustment or strong justification.