1223 E 124th, Los Angeles, California 90059, Los Angeles, 90059 - 2 bed, 1 bath
ACTIVE$605,000$820/sqft
Est. Value: $503,556
-16%
AboveEstimate
1223 E 124th, Los Angeles, California 90059
2Beds
1Bath
820Sqft
5,002Lot
Price Vs. Estimate
The estimated value ($503,556.04) is $101,443.96 (16%) lower than the list price ($605,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Los Angeles Location: Situated in the highly desirable Los Angeles market, the property benefits from strong demand, potential for appreciation, and access to urban amenities.
Top Cons:
Compact Living Area: With only 820 sqft, the interior living space is relatively small, which may limit comfort and functionality for some households.
Compared to the nearby listings
Price:$605.0K vs avg $617.5K ($-12,500)46%
Size:820 sqft vs avg 1,117 sqft13%
Price/sqft:$738 vs avg $52087%
More Insights
Built in 1945 (81 years old).
Condition: Built in 1945, this property is over 75 years old and shows clear signs of age, including dated exterior features like awnings. The listing explicitly states it requires 'substantial updates to systems, finishes, and overall aesthetics to meet modern standards,' indicating that major components are likely outdated and require significant rehabilitation. Without interior photos, a detailed assessment of the kitchen and bathrooms is impossible, but given the property's age and the explicit need for modernization, they are presumed to be in poor, outdated condition, necessitating substantial repairs and rehabilitation.
Year Built
1945
Close
-
List price
$605K
Original List price
$605K
Price/Sqft
$738
HOA
-
Days on market
-
Sold On
-
MLS number
SW25282109
Home ConditionPoor
Features
View-
About this home
D
Denise Holloway
Listing Agent
Condition Rating
Poor
Built in 1945, this property is over 75 years old and shows clear signs of age, including dated exterior features like awnings. The listing explicitly states it requires 'substantial updates to systems, finishes, and overall aesthetics to meet modern standards,' indicating that major components are likely outdated and require significant rehabilitation. Without interior photos, a detailed assessment of the kitchen and bathrooms is impossible, but given the property's age and the explicit need for modernization, they are presumed to be in poor, outdated condition, necessitating substantial repairs and rehabilitation.
Pros & Cons
Pros
Prime Los Angeles Location: Situated in the highly desirable Los Angeles market, the property benefits from strong demand, potential for appreciation, and access to urban amenities.
Generous Lot Size: The 5,002 sqft lot offers ample outdoor space for recreation, gardening, or potential future expansion of the existing structure.
Single-Family Residence: As a detached single-family home, it appeals to a broad buyer demographic seeking privacy and independent living.
New Market Entry: Recently listed, the property benefits from being fresh on the market, attracting immediate attention from active buyers.
Value-Add Potential: Built in 1945, the home presents a significant opportunity for renovation and modernization, allowing buyers to customize and increase its value.
Cons
Compact Living Area: With only 820 sqft, the interior living space is relatively small, which may limit comfort and functionality for some households.
Age and Required Updates: Constructed in 1945, the property likely requires substantial updates to systems, finishes, and overall aesthetics to meet modern standards.
Lack of Premium Views: The absence of notable views (e.g., city, ocean, hills) means the property misses a key value-adding feature often sought in the Los Angeles market.