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1200 W 39th Place, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath

1200 W 39th Place, Los Angeles, California 90037 home-pic-0
ACTIVE$725,000$1,400/sqft
Est. Value: $664,400
-8%
AboveEstimate
1200 W 39th Place, Los Angeles, California 90037
2Beds
1Bath
1,400Sqft
6,756Lot

Price Vs. Estimate

The estimated value ($664,400.4) is $60,599.6 (8%) lower than the list price ($725,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Accessibility: Centrally located in Los Angeles, the property offers excellent access to USC, Exposition Park, Downtown LA, major transit corridors, and freeways, driving strong rental demand and long-term appreciation.
Top Cons:
Unpermitted Structural Changes: The property includes an unpermitted second bathroom and an unapproved garage conversion not reflected in official records or square footage, posing potential legal and financial liabilities for the buyer.

Compared to the nearby listings

Price:$725.0K vs avg $650.0K (+$75,000)67%
Size:1,400 sqft vs avg 1,422 sqft48%
Price/sqft:$518 vs avg $46467%

More Insights

Built in 1914 (112 years old).
Condition: Built in 1914, this property shows significant signs of age and deferred maintenance. The kitchen features very old, dirty appliances (stove) and cabinets that appear to be painted over, showing considerable wear and chipping. The white tile flooring is basic and worn. Bathrooms are also very dated, with one featuring a basic pedestal sink and white tiled tub surround, and the other with brown tiling and a simple vanity, both showing heavy wear and discoloration on walls. Flooring throughout includes worn hardwood with visible damage and stained, matted carpets in bedrooms. The exterior needs extensive work, including paint and landscaping. The presence of unpermitted additions (bathroom, garage conversion) and the 'as-is' sale condition indicate substantial repairs and rehabilitation are required, aligning with the 'poor' classification.
Year Built
1914
Close
-
List price
$725K
Original List price
$750K
Price/Sqft
$518
HOA
-
Days on market
-
Sold On
-
MLS number
SR25278926
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

Now attractively priced and ready for renewed interest, this centrally located Los Angeles property offers a compelling blend of immediate livability and long term potential. Set on a generous lot in a rapidly evolving neighborhood, this classic Craftsman presents an excellent opportunity for owner users, investors, or developers seeking flexibility and future upside. The home showcases architectural details that Craftsman enthusiasts appreciate, including a welcoming front entry, beautiful built in dining room cabinetry, crown molding and wainscoting in the living and dining rooms, large windows, and French doors opening from the living room to the patio. The functional layout is complemented by outdoor space suitable for expansion. The home is configured as a two bedroom, two bathroom residence. Public records reflect one bathroom, with an additional bathroom added by the owner. Buyer to verify permits and square footage. The garage was converted to living space at some point, the conversion was not approved by the City of Los Angeles and is not included in the official square footage. Under current California and City of Los Angeles guidelines, the lot may offer potential for additional units, including an ADU or possible SB 8 development. Buyer to independently verify zoning, eligibility, and requirements with the City of Los Angeles. Conveniently located near USC, Exposition Park, Downtown Los Angeles, major transit corridors, and freeways, the property benefits from strong rental demand and long term appreciation. Whether you plan to move in, renovate, hold, or explore future development options, this property offers multiple paths forward. Property is sold as is. Buyers to verify all information including zoning, permits, square footage, and development potential.

D
Dawn Hicks
Listing Agent

Price History

Date
Event
Price
08/04/06
Sold
$492,700
07/02/03
Sold
$228,000
Condition Rating
Poor
Built in 1914, this property shows significant signs of age and deferred maintenance. The kitchen features very old, dirty appliances (stove) and cabinets that appear to be painted over, showing considerable wear and chipping. The white tile flooring is basic and worn. Bathrooms are also very dated, with one featuring a basic pedestal sink and white tiled tub surround, and the other with brown tiling and a simple vanity, both showing heavy wear and discoloration on walls. Flooring throughout includes worn hardwood with visible damage and stained, matted carpets in bedrooms. The exterior needs extensive work, including paint and landscaping. The presence of unpermitted additions (bathroom, garage conversion) and the 'as-is' sale condition indicate substantial repairs and rehabilitation are required, aligning with the 'poor' classification.
Pros & Cons

Pros

Prime Location & Accessibility: Centrally located in Los Angeles, the property offers excellent access to USC, Exposition Park, Downtown LA, major transit corridors, and freeways, driving strong rental demand and long-term appreciation.
Development & Expansion Potential: Situated on a generous 6,756 sqft lot, the property offers significant potential for additional units, including an ADU or SB 8 development, and outdoor space suitable for home expansion.
Classic Craftsman Charm: The home retains desirable architectural details such as built-in dining room cabinetry, crown molding, wainscoting, large windows, and French doors, appealing to Craftsman enthusiasts.
Versatile Investment Opportunity: This property presents an excellent opportunity for owner-users, investors, or developers, offering multiple paths forward (move-in, renovate, hold, develop) in a rapidly evolving neighborhood.
Recent Price Adjustment: The property has been attractively priced with a recent reduction from $750,000 to $725,000, indicating renewed interest and potentially better value for prospective buyers.

Cons

Unpermitted Structural Changes: The property includes an unpermitted second bathroom and an unapproved garage conversion not reflected in official records or square footage, posing potential legal and financial liabilities for the buyer.
As-Is Sale & Extensive Due Diligence: Sold strictly 'as-is,' the property requires extensive buyer verification of zoning, permits, square footage, and development potential, which could lead to unforeseen costs and complexities.
Age of Property & Systems: Built in 1914, the home likely features original systems and infrastructure that may require significant updates or maintenance in the near future, adding to potential buyer expenses beyond the purchase price.
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