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1139 E 82nd, Los Angeles, California 90001, Los Angeles, 90001 - 4 bed, 3 bath

1139 E 82nd, Los Angeles, California 90001 home-pic-0
ACTIVE$695,000
1139 E 82nd, Los Angeles, California 90001
4Beds
3Baths
1,711Sqft
5,207Lot

Price Vs. Estimate

The estimated value ($691,275.89) is $3,724.11 (0%) lower than the list price ($695,000). This property may be overpriced.

Key pros and cons

Top Pros:
Remodeled Kitchen: The kitchen has been recently remodeled with newer lighting fixtures, a large island/eat-in bar, and ample storage, serving as a modern and functional centerpiece.
Top Cons:
Age of Construction: Built in 1931, the property's age may imply potential for older infrastructure and systems that could require future maintenance or upgrades not explicitly mentioned as completed.

Compared to the nearby listings

Price:$695.0K vs avg $575.0K (+$120,000)88%
Size:1,711 sqft vs avg 1,026 sqft85%
Price/sqft:$406 vs avg $55323%

More Insights

Built in 1931 (94 years old).
Condition: The property, built in 1931, presents a mixed condition. The kitchen has been recently remodeled with modern appliances, contemporary dark cabinets, new countertops, and updated lighting, which is a significant strength. The living room also features new vinyl plank flooring. However, the bathrooms are notably outdated with yellowish sinks, older tile, and basic fixtures, requiring substantial renovation. Other areas show signs of age, such as popcorn ceilings and a worn exterior. While some key areas have seen recent updates, the overall condition is pulled down by the very dated bathrooms and general wear, placing it in the 'Fair' category, as it requires more than minor updates but is not in a state of significant structural defect or unlivability.
Year Built
1931
Close
-
List price
$695K
Original List price
$695K
Price/Sqft
$406
HOA
-
Days on market
-
Sold On
-
MLS number
PV25257560
Home ConditionFair
Features
Patio
View-

About this home

Presenting ~ 1139 E. 82nd St. This delightful One - Level 4 bedroom 3 bath 1,711 sqft home is situated on a lovely street. The home features a generous amount of living space along with brilliant natural light throughout. This home has it all from the bright-open floor plan and flow to the timeless contemporary finishes. The home offers a warm family home feel with a remarkable use of space and sophistication perfect for entertaining family / friends indoor and outdoor. The kitchen is stationed as the centerpiece of the home as it masterfully opens to all living areas. The remodeled kitchen features newer lighting fixtures, a large island/eat-in bar area offering plenty of cabinet/storage space and convenient access to the garage. Take notice of the new vinyl plank flooring in the living room. Large storage shed located in the rear of the property has great ADU potential. All four bedrooms are currently leased on a month-to-month basis, and tenants would like to stay. Please call for current rental details. Located in a desirable neighborhood close to shops, schools, and major highways. Great opportunity for an investor or a family. An absolute must see !!!

Condition Rating
Fair
The property, built in 1931, presents a mixed condition. The kitchen has been recently remodeled with modern appliances, contemporary dark cabinets, new countertops, and updated lighting, which is a significant strength. The living room also features new vinyl plank flooring. However, the bathrooms are notably outdated with yellowish sinks, older tile, and basic fixtures, requiring substantial renovation. Other areas show signs of age, such as popcorn ceilings and a worn exterior. While some key areas have seen recent updates, the overall condition is pulled down by the very dated bathrooms and general wear, placing it in the 'Fair' category, as it requires more than minor updates but is not in a state of significant structural defect or unlivability.
Pros & Cons

Pros

Remodeled Kitchen: The kitchen has been recently remodeled with newer lighting fixtures, a large island/eat-in bar, and ample storage, serving as a modern and functional centerpiece.
ADU Potential: A large storage shed in the rear of the property offers significant potential for conversion into an Accessory Dwelling Unit (ADU), adding future value and income possibilities.
Income-Generating Property: All four bedrooms are currently leased on a month-to-month basis with tenants wishing to stay, presenting an immediate income stream for investors.
Strategic Location: Located in a desirable neighborhood with convenient access to shops, schools, and major highways, enhancing its appeal for both residents and investors.
Bright & Open Floor Plan: The home features a bright, open floor plan with brilliant natural light throughout, creating a warm and inviting living environment perfect for entertaining.

Cons

Age of Construction: Built in 1931, the property's age may imply potential for older infrastructure and systems that could require future maintenance or upgrades not explicitly mentioned as completed.
Tenant Occupancy for Owner-Occupants: The current month-to-month tenancy of all four bedrooms could pose a challenge for buyers seeking immediate owner occupancy, requiring negotiation or eviction processes.
Lack of Mentioned Cooling System: The property description does not specify the presence of a cooling system (e.g., air conditioning), which could be a significant drawback during warmer months in Los Angeles.

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