1222 E 103rd Street, Los Angeles, California 90002, Los Angeles, 90002 - 4 bed, 3 bath

1222 E 103rd Street, Los Angeles, California 90002 home-pic-0
ACTIVE$799,900
1222 E 103rd Street, Los Angeles, California 90002
4Beds
3Baths
2,188Sqft
6,007Lot
Year Built
1944
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$366
HOA
-
Days on market
-
Sold On
-
MLS number
RS25000154
Home ConditionGood
Features
Good View: Park/Greenbelt
Patio
ViewPark/Greenbelt

About this home

Possibly Over-Priced:The estimated price is 47% below the list price. We found 3 Cons,5 Pros. Rank: price - $799.9K(89th), sqft - 2188(93th), beds - 4(79th), baths - 3(84th).

This exceptional property offers the perfect blend of modern comfort, versatility, and convenience. Featuring a permitted ADU, this single-family home provides endless possibilities for homeowners, investors, or multigenerational living. The front unit is a spacious 3-bedroom, 2-bathroom residence spanning 1,575 sq. ft. Its open floor plan is perfect for entertaining, with elegant hardwood floors, double-pane windows, and recessed lighting creating a bright and inviting atmosphere. The kitchen has granite countertops and ample space for meal preparation. The main bedroom is a private retreat, complete with an en suite bathroom and walk-in closet. With newer plumbing, a newer roof, and an in-home laundry area with washer and dryer, this home is move-in ready. The ADU (Accessory Dwelling Unit), built in 2018 with permits, adds an additional 613 sq. ft. of living space. This 1-bedroom, 1-bathroom unit has been fully remodeled and includes a spacious bedroom, modern finishes, a separate entrance, and its own carport. Ideal for rental income or extended family living, it offers flexibility and independence. Both units will be delivered vacant at the close of escrow, allowing you to create your vision for this property without delay. Conveniently located near Ted Watkins Memorial Park, Kaiser Hospital, and a variety of shopping centers, this home also provides easy access to freeways 105 and 110, making commutes a breeze. For entertainment and travel, you’ll love being close to Sofi Stadium and LAX. Don’t miss this incredible opportunity to own a versatile and beautifully maintained property in a prime Los Angeles location. Schedule your private tour today and discover the endless potential of 1222 E. 103rd St! Live, invest, and thrive in your dream home!

Price History

Date
Event
Price
08/08/01
Sold
$110,000
Condition Rating
Good

The property consists of two units: a main house built in 1944 and an ADU built in 2018. The ADU, being built in 2018 and described as 'fully remodeled' with 'modern finishes,' is in excellent condition. The main house, despite its 1944 build year, has undergone significant renovations, including 'newer plumbing,' a 'newer roof,' 'elegant hardwood floors,' 'double-pane windows,' 'recessed lighting,' and a kitchen with 'granite countertops.' These updates, particularly the 'newer' systems, suggest extensive renovation within the last 5-15 years, making the main unit move-in ready. While the main house's kitchen and bathrooms are not explicitly detailed as 'new' or 'virtually new' in all aspects (e.g., specific appliance age, full bathroom remodels beyond 'en suite'), the overall description and the presence of a recently built ADU elevate the property's condition to 'Good'. It is move-in ready with no immediate renovations required, and major systems appear to be updated or well-maintained.
Pros & Cons

Pros

Permitted ADU for Versatile Use: The property includes a permitted, fully remodeled ADU (built 2018) with a separate entrance and carport, offering excellent flexibility for rental income or multi-generational living.
Extensive Modern Upgrades: The main residence features significant updates including elegant hardwood floors, double-pane windows, recessed lighting, granite countertops, newer plumbing, and a newer roof, contributing to a move-in ready condition.
Strategic Location & Accessibility: The property boasts a convenient location near major freeways (105, 110), essential amenities like Ted Watkins Memorial Park and Kaiser Hospital, and entertainment hubs such as Sofi Stadium and LAX.
Open Concept Living & Desirable Master Suite: The main unit offers an open floor plan ideal for entertaining, complemented by a private master bedroom featuring an en suite bathroom and walk-in closet.
Vacant Delivery: Both units will be delivered vacant at the close of escrow, providing immediate occupancy for the owner or allowing for prompt tenant placement.

Cons

Significant Overpricing: The listing price of $799,900 is substantially higher (47% above) the property's estimated market value of $419,545, potentially deterring buyers and prolonging market time.
Age of Main Residence: The primary home, built in 1944, is an older structure which, despite recent updates, may raise concerns for some buyers regarding long-term maintenance or efficiency compared to newer constructions.
Limited ADU Income Information: While the ADU offers income potential, the listing does not provide any specific rental history or projected income figures, making it challenging for investors to accurately assess its financial viability.

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