1143 1143 S Grande Vista, Los Angeles, California 90023, Los Angeles, 90023 - 3 bed, 2 bath
ACTIVE$585,000
1143 1143 S Grande Vista, Los Angeles, California 90023
3Beds
2Baths
1,102Sqft
5,959Lot
Price Vs. Estimate
The estimated value ($569,433.355) is $15,566.645 (2%) lower than the list price ($585,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Potential: The property explicitly offers the potential to build an Accessory Dwelling Unit (ADU), providing significant value addition and potential for rental income or multi-generational living.
Top Cons:
Age of Property & Required Updates: Built in 1914, the home is likely to require substantial modernization and updates to systems and aesthetics to meet contemporary standards, implying significant renovation costs.
Compared to the nearby listings
Price:$585.0K vs avg $677.5K ($-92,500)32%
Size:1,102 sqft vs avg 1,188.5 sqft41%
Price/sqft:$531 vs avg $53050%
More Insights
Built in 1914 (111 years old).
Condition: Built in 1914, this property requires substantial repairs and rehabilitation. The kitchen is severely outdated with damaged flooring, old cabinets, and dated fixtures, indicating a need for a complete renovation. Other interior flooring also shows significant wear and damage. The property description explicitly states it needs updating and is a 'value-add opportunity,' reinforcing the need for extensive modernization.
Year Built
1914
Close
-
List price
$585K
Original List price
$620K
Price/Sqft
$531
HOA
-
Days on market
-
Sold On
-
MLS number
PW25230740
Home ConditionPoor
Features
Patio
View-
About this home
Charming Los Angeles Home with ADU Potential Welcome to this 3-bedroom, 1.5-bath home offering 1,102 sq. ft. of living space on a generous nearly 6,000 sq. ft. lot. This property is filled with potential—whether you’re looking to update, expand, or take advantage of the option to build an ADU. Features include a long driveway with ample parking and convenient alley access. The spacious lot provides plenty of outdoor possibilities, from creating a private backyard retreat to adding additional living space. Centrally located with easy freeway access and close to schools, shopping, dining, and all of Los Angeles’ best entertainment. A great opportunity for investors or buyers looking to add value!
Condition Rating
Poor
Built in 1914, this property requires substantial repairs and rehabilitation. The kitchen is severely outdated with damaged flooring, old cabinets, and dated fixtures, indicating a need for a complete renovation. Other interior flooring also shows significant wear and damage. The property description explicitly states it needs updating and is a 'value-add opportunity,' reinforcing the need for extensive modernization.
Pros & Cons
Pros
ADU Potential: The property explicitly offers the potential to build an Accessory Dwelling Unit (ADU), providing significant value addition and potential for rental income or multi-generational living.
Generous Lot Size: A nearly 6,000 sq. ft. lot provides ample space for outdoor possibilities, expansion, and the development of additional living spaces.
Strategic Location: Centrally located with easy freeway access, the property offers convenient proximity to schools, shopping, dining, and various entertainment options in Los Angeles.
Value-Add Opportunity: Described as a great opportunity for investors or buyers looking to add value, indicating significant potential for customization, renovation, and appreciation.
Ample Parking & Alley Access: Features a long driveway with ample parking and convenient alley access, enhancing practicality and potential for future development or use.
Cons
Age of Property & Required Updates: Built in 1914, the home is likely to require substantial modernization and updates to systems and aesthetics to meet contemporary standards, implying significant renovation costs.
Limited Bathrooms: With only 1.5 bathrooms for a 3-bedroom home, the property may not meet the needs or expectations of many modern families, potentially limiting its appeal to a broader buyer pool.
Recent Price Reduction: The property has undergone a recent price reduction from $620,000 to $585,000, which could suggest initial overpricing or challenges in attracting buyers at its original market value.