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12029 2nd Avenue, Lynwood, California 90262, Lynwood, 90262 - 3 bed, 1 bath

12029 2nd Avenue, Lynwood, California 90262 home-pic-0
ACTIVE$659,999
12029 2nd Avenue, Lynwood, California 90262
3Beds
1Bath
1,213Sqft
3,944Lot

Price Vs. Estimate

The estimated value ($659,999) is $0 (0%) lower than the list price ($659,999). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Remodel: The property boasts a comprehensive remodel including fresh paint, laminate flooring, recessed lighting, an upgraded kitchen with quartz countertops, and an updated bathroom, offering a move-in ready modern living experience.
Top Cons:
Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may be a functional limitation for families or multiple occupants and could deter some potential buyers.

Compared to the nearby listings

Price:$660.0K vs avg $675.0K ($-15,001)43%
Size:1,213 sqft vs avg 1,182 sqft53%
Price/sqft:$544 vs avg $55945%

More Insights

Built in 1947 (78 years old).
Condition: Despite being built in 1947, this property has undergone an extensive and recent modern renovation. The listing explicitly states it's a 'REMOLDED' home with a 'Modern Touch,' featuring a brand-new electrical panel, new mini-split system for climate control, and new privacy fence. The kitchen showcases crisp white cabinetry, modern quartz countertops, a clean tile backsplash, and stainless steel appliances, appearing virtually new. The bathroom is updated with a contemporary vanity and fixtures. Throughout the home, there's fresh paint, sleek recessed lighting, and stylish laminate flooring. These comprehensive updates bring the property to current quality standards, making it feel like a newly renovated home with all components appearing new or virtually new.
Year Built
1947
Close
-
List price
$660K
Original List price
$700K
Price/Sqft
$544
HOA
-
Days on market
-
Sold On
-
MLS number
DW25166417
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

BEST PRICED HOME IN THE CITY OF LYNWOOD BASED ON LOCATION!!! At $659,999, this home is competitively priced compared to nearby Lynwood listings!! PROPERTY WITH PLENTY OF PARKING SPACES (8 PARKING SPACES)****PROPERTY CAN BE EASILY DIVIDED INTO 2 UNITS PLUS 2 CAR GARAGE**** A Modern Touch in a Classic Neighborhood! This REMODELED 3-bedroom home WITH FORMAL DINING ROOM offers an inviting layout and thoughtful upgrades perfect for comfortable everyday living. Step into a bright and open living room featuring sleek recessed lighting, fresh paint, stylish laminate flooring throughout and a stone fireplace—perfect for relaxing evenings or entertaining guests. The upgraded kitchen showcases crisp white cabinetry, modern quartz countertops, and a clean tile backsplash—ideal for home cooks and entertainers alike. Each bedroom is generously sized, with ample closet space and ceiling fans for added comfort. The updated bathroom features a contemporary vanity, updated fixtures, and a clean, neutral design. Featuring A brand-new electrical panel providing peace of mind, new mini-split system for efficient year-round climate control, and new privacy fence offering enhanced security and curb appeal The long driveway accommodates multiple vehicles and leads to a spacious front yard and 2-car garage. Located near schools, shopping, and the 105 freeway, this move-in-ready gem is perfect for first-time buyers, investors, or anyone seeking a quality home with modern touches. Walking distance to Mark Twain Elementary and a short drive to Lynwood High, with easy freeway access for commuters. Don’t miss your chance to own a stylish home in the heart of Lynwood!

Price History

Date
Event
Price
03/14/22
Sold
$650,000
11/09/21
Sold
$488,500
Condition Rating
Excellent
Despite being built in 1947, this property has undergone an extensive and recent modern renovation. The listing explicitly states it's a 'REMOLDED' home with a 'Modern Touch,' featuring a brand-new electrical panel, new mini-split system for climate control, and new privacy fence. The kitchen showcases crisp white cabinetry, modern quartz countertops, a clean tile backsplash, and stainless steel appliances, appearing virtually new. The bathroom is updated with a contemporary vanity and fixtures. Throughout the home, there's fresh paint, sleek recessed lighting, and stylish laminate flooring. These comprehensive updates bring the property to current quality standards, making it feel like a newly renovated home with all components appearing new or virtually new.
Pros & Cons

Pros

Extensive Modern Remodel: The property boasts a comprehensive remodel including fresh paint, laminate flooring, recessed lighting, an upgraded kitchen with quartz countertops, and an updated bathroom, offering a move-in ready modern living experience.
Major System Upgrades: Recent significant investments include a brand-new electrical panel, a new mini-split HVAC system for efficient climate control, and a new privacy fence, reducing immediate maintenance concerns for buyers.
High Income/ADU Potential: With ample parking (8 spaces) and the stated potential to be 'easily divided into 2 units plus 2 car garage,' the property offers significant flexibility for rental income or multi-generational living.
Prime Location & Accessibility: Strategically located within walking distance to Mark Twain Elementary, a short drive to Lynwood High, and offering easy access to the 105 freeway and shopping, making it ideal for families and commuters.
Competitive Market Pricing: Positioned as 'BEST PRICED HOME IN THE CITY OF LYNWOOD' at $659,999, it offers strong value compared to other listings in the area, appealing to first-time buyers and investors.

Cons

Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may be a functional limitation for families or multiple occupants and could deter some potential buyers.
Age of Original Structure: Built in 1947, the home's original foundation and underlying infrastructure are older, which, despite extensive remodels, could present long-term maintenance considerations not immediately apparent.
History of Price Reductions: The listing has undergone multiple price reductions from its original asking price, which might suggest initial overpricing or a slower-than-expected market response, potentially impacting buyer perception.

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