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1215 Sanborn Avenue, Los Angeles, California 90029, Los Angeles, 90029 - 2 bed, 1 bath

1215 Sanborn Avenue, Los Angeles, California 90029 home-pic-0
ACTIVE$999,000
1215 Sanborn Avenue, Los Angeles, California 90029
2Beds
1Bath
1,250Sqft
4,999Lot

Price Vs. Estimate

The estimated value ($888,375.04) is $110,624.96 (11%) lower than the list price ($999,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Situated in a highly desirable Silver Lake neighborhood, just one block from Sunset Junction, offering exceptional walkability to shops, bars, and restaurants.
Top Cons:
Age of Property: Built in 1911, despite recent updates, the home's age may still present unforeseen maintenance challenges or require ongoing upkeep typical of historic properties.

Compared to the nearby listings

Price:$999.0K vs avg $990.0K (+$9,000)52%
Size:1,250 sqft vs avg 1,582 sqft24%
Price/sqft:$799 vs avg $67076%

More Insights

Built in 1911 (114 years old).
Condition: Despite being built in 1911, this property has undergone significant and recent renovations, including new copper plumbing, a new roof, foundation repairs, and an upgraded gas system. The kitchen features modern white shaker cabinets and a stainless steel range hood, though the gas range appears older. The description notes 'updated kitchen and bathrooms' and a 'remodeled bathroom,' indicating key areas have been addressed. Hardwood floors and recessed lighting throughout contribute to a move-in ready condition. While not all components are brand new or high-end, the extensive updates to major systems and cosmetic improvements place it firmly in the 'Good' category, requiring no immediate renovations.
Year Built
1911
Close
-
List price
$999K
Original List price
$1.3M
Price/Sqft
$799
HOA
-
Days on market
-
Sold On
-
MLS number
25571713
Home ConditionGood
Features
Good View: City Lights, Mountain(s)
ViewCity Lights,Mountain(s)

About this home

Price Reduced! This charming Silver Lake bungalow is just one block from Sunset Junction. It has 2 bedrooms, 1 bathroom, and about 1,250 sq ft of living space with a warm, open layout. The home features hardwood floors, recessed lighting, and updated kitchen and bathrooms for modern comfort. On a large 4,999 sq ft R2-zoned lot, there's plenty of room to expand or build. Recent updates include new copper plumbing, a new roof, foundation repairs, and an upgraded gas system. The remodeled bathroom and an extra room can serve as a den, office, or third bedroom. Outside, enjoy a spacious backyard with a detached garage turned guest housegreat for visitors or rentals. Experience the best of Silver Lake with easy walking to shops, bars, and restaurants. Whether you want to renovate or build new, this is a rare chance in a top LA neighborhood. Schedule a visit to explore the possibilities!

Condition Rating
Good
Despite being built in 1911, this property has undergone significant and recent renovations, including new copper plumbing, a new roof, foundation repairs, and an upgraded gas system. The kitchen features modern white shaker cabinets and a stainless steel range hood, though the gas range appears older. The description notes 'updated kitchen and bathrooms' and a 'remodeled bathroom,' indicating key areas have been addressed. Hardwood floors and recessed lighting throughout contribute to a move-in ready condition. While not all components are brand new or high-end, the extensive updates to major systems and cosmetic improvements place it firmly in the 'Good' category, requiring no immediate renovations.
Pros & Cons

Pros

Prime Location: Situated in a highly desirable Silver Lake neighborhood, just one block from Sunset Junction, offering exceptional walkability to shops, bars, and restaurants.
Development Potential: A large 4,999 sq ft R2-zoned lot provides significant opportunity for expansion, adding another unit, or even building new, maximizing investment potential.
Recent Major Upgrades: Key infrastructure updates including new copper plumbing, a new roof, foundation repairs, and an upgraded gas system reduce immediate capital expenditures for a buyer.
Income/Flexibility Potential: Features a detached garage converted into a guest house, offering versatile use as a rental unit, guest accommodation, or dedicated office space.
Significant Price Reduction: The property has seen a substantial price drop from its original list price of $1.3M to $999K, presenting a more attractive value proposition.

Cons

Age of Property: Built in 1911, despite recent updates, the home's age may still present unforeseen maintenance challenges or require ongoing upkeep typical of historic properties.
Limited Interior Square Footage: With 1,250 sq ft, 2 bedrooms, and 1 bathroom, the interior living space is relatively modest for its price point, which might not suit buyers seeking larger accommodations.
Potential for Further Investment: While updated, the description suggests options to 'renovate or build new,' indicating that a buyer might still need to invest significantly to fully modernize or capitalize on the R2 zoning.

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