124 E 76th Street, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 2 bath
ACTIVE$625,000$1,140/sqft
Est. Value: $593,279
-5%
AboveEstimate
124 E 76th Street, Los Angeles, California 90003
3Beds
2Baths
1,140Sqft
6,973Lot
Price Vs. Estimate
The estimated value ($593,279.19) is $31,720.81 (5%) lower than the list price ($625,000). This property may be overpriced.
Key pros and cons
Top Pros:
Generous Lot Size & ADU Potential: The property features a large 6,973 sqft lot, providing ample space for expansion and the significant potential to add an Accessory Dwelling Unit (ADU), enhancing future value and income opportunities.
Top Cons:
Extensive Renovation Required: The property 'requires some TLC' and significant updates to the kitchen, baths, and living areas, necessitating a substantial investment in time and resources for a comprehensive renovation.
Compared to the nearby listings
Price:$625.0K vs avg $605.0K (+$20,000)62%
Size:1,140 sqft vs avg 1,131 sqft50%
Price/sqft:$548 vs avg $50364%
More Insights
Built in 1971 (55 years old).
Condition: Built in 1971, this property is over 50 years old. The listing explicitly states it 'requires some TLC,' is 'ready for renovation,' and needs updates to the 'kitchen, baths, and living areas.' The property analysis confirms 'Extensive Renovation Required' and 'Older Infrastructure.' While the structure appears to be a candidate for renovation, the need for substantial rehabilitation of major systems and all living areas, including kitchen and bathrooms, aligns with a 'Poor' condition. The exterior images also show a dated and unkempt appearance, reinforcing the need for significant work.
Year Built
1971
Close
-
List price
$625K
Original List price
$625K
Price/Sqft
$548
HOA
-
Days on market
-
Sold On
-
MLS number
25622985
Home ConditionPoor
Features
View-
About this home
Motivated Seller ! Discover the potential. This residence sits on a larges Lot and offers an excellent opportunity to customize and create your dream home with space to possibly add an ADU. Featuring classic prewar character including high ceilings, hardwood floors, and has a flexible layout ready for renovation.The home requires some TLC, making it perfect for buyers or investors seeking a value-add opportunity in a prime location. Bring your vision and your hard-hat to update the kitchen, baths, and living areas to suit your personal style and modern preferences. Generous bedroom proportions and ample closet space allow for a functional and comfortable design once refreshed. With strong upside potential, this is a rare chance to create a beautifully customized residence. Near Downtown LA, freeway access and more!
D
Deeaudrey Barrow
Listing Agent
Condition Rating
Poor
Built in 1971, this property is over 50 years old. The listing explicitly states it 'requires some TLC,' is 'ready for renovation,' and needs updates to the 'kitchen, baths, and living areas.' The property analysis confirms 'Extensive Renovation Required' and 'Older Infrastructure.' While the structure appears to be a candidate for renovation, the need for substantial rehabilitation of major systems and all living areas, including kitchen and bathrooms, aligns with a 'Poor' condition. The exterior images also show a dated and unkempt appearance, reinforcing the need for significant work.
Pros & Cons
Pros
Generous Lot Size & ADU Potential: The property features a large 6,973 sqft lot, providing ample space for expansion and the significant potential to add an Accessory Dwelling Unit (ADU), enhancing future value and income opportunities.
Prime Los Angeles Location: Strategically located in a prime Los Angeles area, offering convenient access to Downtown LA and major freeways, which is highly attractive for commuters and those seeking urban connectivity.
Significant Value-Add Opportunity: Presented as an excellent 'value-add' opportunity for both owner-occupants and investors, with strong upside potential driven by a motivated seller and extensive customization possibilities.
Desirable Architectural Character: The residence boasts classic architectural elements, including high ceilings and hardwood floors, providing a charming foundation for a personalized and stylish renovation.
Flexible Layout for Customization: The home offers a flexible layout that is ready for renovation, allowing buyers to fully customize and create their dream living space to suit modern preferences and personal style.
Cons
Extensive Renovation Required: The property 'requires some TLC' and significant updates to the kitchen, baths, and living areas, necessitating a substantial investment in time and resources for a comprehensive renovation.
Older Infrastructure (Year Built 1971): Built in 1971, the home's age suggests potential for outdated systems (e.g., plumbing, electrical, HVAC) that will likely require modernization as part of the renovation process.
Lack of Modern Amenities: The current condition implies a lack of contemporary kitchen and bathroom amenities, requiring a complete overhaul to meet modern living standards and expectations.