12320 Elva Avenue, Los Angeles, California 90059, Los Angeles, 90059 - 3 bed, 1 bath
ACTIVE$625,000
12320 Elva Avenue, Los Angeles, California 90059
3Beds
1Bath
1,668Sqft
9,502Lot
Price Vs. Estimate
The estimated value ($609,513.475) is $15,486.525 (2%) lower than the list price ($625,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9502, living area = 1668.
Top Cons:
Probate Sale with Court Approval: The sale is subject to probate court approval, which can introduce delays, complexity, and uncertainty into the transaction process.
Compared to the nearby listings
Price:$625.0K vs avg $615.0K (+$10,000)53%
Size:1,668 sqft vs avg 1,169 sqft87%
Price/sqft:$375 vs avg $50613%
More Insights
Built in 1946 (79 years old).
Condition: Built in 1946, this property is 78 years old and shows significant signs of age and neglect on the exterior, including a dry lawn and dated appearance. The listing explicitly targets 'cash buyers' and mentions 'potential for creative updates or expansion,' which strongly indicates substantial deferred maintenance and outdated systems throughout. The presence of only one bathroom for three bedrooms is a major functional deficiency. While not a tear-down, the property requires significant repairs and rehabilitation, particularly in the kitchen and bathroom, to be comfortable and meet modern living standards.
Year Built
1946
Close
-
List price
$625K
Original List price
$625K
Price/Sqft
$375
HOA
-
Days on market
-
Sold On
-
MLS number
DW25036060
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
!!!!!!!!!!!LOOKING FOR CASH BUYER !!!!!!!!!!!!!!!!This spacious home offers 3 bedrooms and 2 bathrooms with 1,668 sq ft of living space. Sitting on an expansive 9,502 sq ft lot, this property presents a fantastic opportunity for a large family or savvy investor. The home is being sold as part of a PROBATE SALE REQUIRING COURT APPROVAL ,SELLER HAS FULL AUTHORITYB TO SELL offering potential for creative updates or expansion. The generous lot size provides the perfect foundation to build an Accessory Dwelling Unit (ADU),and junior ADU adding even more value. Situated in a prime location, this home is just minutes from Downtown LA, major freeways, entertainment, dining, and more. A must-see opportunity with endless potential!
Condition Rating
Poor
Built in 1946, this property is 78 years old and shows significant signs of age and neglect on the exterior, including a dry lawn and dated appearance. The listing explicitly targets 'cash buyers' and mentions 'potential for creative updates or expansion,' which strongly indicates substantial deferred maintenance and outdated systems throughout. The presence of only one bathroom for three bedrooms is a major functional deficiency. While not a tear-down, the property requires significant repairs and rehabilitation, particularly in the kitchen and bathroom, to be comfortable and meet modern living standards.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9502, living area = 1668.
Large Lot Size: The expansive 9,502 sq ft lot offers significant outdoor space and potential for future development or landscaping.
ADU/JADU Potential: The generous lot size provides an excellent foundation for building an Accessory Dwelling Unit (ADU) and Junior ADU, adding substantial value and income potential.
Prime Location & Accessibility: Situated minutes from Downtown LA, major freeways, entertainment, and dining, offering convenient access to urban amenities.
City Lights View: The property boasts desirable city lights views, enhancing its aesthetic appeal and potential market value.
Spacious Living Area: With 1,668 sq ft of living space, the home provides ample room for a 3-bedroom residence, suitable for families.
Cons
Probate Sale with Court Approval: The sale is subject to probate court approval, which can introduce delays, complexity, and uncertainty into the transaction process.
Cash Buyer Requirement: The explicit requirement for a cash buyer significantly narrows the pool of potential purchasers, potentially impacting the sale price and time on market.
Limited Bathrooms: The property features only one bathroom for three bedrooms, which may be considered insufficient by modern standards and could necessitate future renovation.