12516 Greene Avenue, Los Angeles, California 90066, Los Angeles, 90066 - 3 bed, 2 bath
ACTIVE$1,279,000$1,248/sqft
Est. Value: $1,200,026
-6%
AboveEstimate
12516 Greene Avenue, Los Angeles, California 90066
3Beds
2Baths
1,248Sqft
4,335Lot
Price Vs. Estimate
The estimated value ($1,200,026.195) is $78,973.805 (6%) lower than the list price ($1,279,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Farragut Elementary School (9/10).
Top Cons:
Extensive Renovation/Rebuild Required: The property's age (1944) and the description's emphasis on 'reimagine or rebuild' indicate it is not move-in ready and will require substantial investment for modernization or a complete overhaul.
Compared to the nearby listings
Price:$1.28M vs avg $2.10M ($-820,500)11%
Size:1,248 sqft vs avg 1,810.5 sqft22%
Price/sqft:$1.0K vs avg $1.2K29%
More Insights
Built in 1944 (82 years old).
Condition: Built in 1944, this property is explicitly marketed as an opportunity to 'reimagine or rebuild,' indicating it requires extensive renovation. The images confirm this, showcasing a highly outdated kitchen with original wood cabinets, tile countertops, and older appliances. Both bathrooms feature very dated tile, fixtures, and vanities. The interior throughout has wood paneling, popcorn ceilings, and older light fixtures, suggesting no major renovations have occurred in many decades. While the structure appears intact, the property's systems and finishes are well past their expected lifespan and require substantial rehabilitation to meet modern standards.
Year Built
1944
Close
-
List price
$1.28M
Original List price
$1.28M
Price/Sqft
$1,025
HOA
-
Days on market
-
Sold On
-
MLS number
26638733
Home ConditionPoor
Features
Patio
View-
About this home
Excellent opportunity to reimagine or rebuild in the coveted Del Rey neighborhood! Located just minutes from Marina del Rey and Playa Vista, this 3-bedroom, 2-bathroom home spans 1,248 square feet with endless possibilities. The family room with direct access to the rear yard features a fireplace, bathroom and a versatile bar area. Whether you envision remodeling the existing space or starting fresh with a custom design, the prime location and vibrant community make this property a rare find. Don't miss the chance to create your dream home! Conveniently located within minutes to 405 & 90 freeways.
M
Marco Rodriguez
Listing Agent
Nearby schools
6/10
Short Avenue Elementary School
Public,•K-6•0.4mi
5/10
Braddock Drive Elementary School
Public,•K-5•0.6mi
6/10
Grand View Boulevard Elementary School
Public,•K-5•0.8mi
3/10
Stoner Avenue Elementary School
Public,•K-5•0.8mi
8/10
Playa Del Rey Elementary School
Public,•K-5•1.1mi
7/10
Beethoven Street Elementary School
Public,•K-5•1.3mi
8/10
Coeur D'Alene Avenue Elementary School
Public,•K-5•1.6mi
6/10
La Ballona Elementary School
Public,•K-5•1.8mi
9/10
Farragut Elementary School
Public,•K-5•1.9mi
8/10
El Rincon Elementary School
Public,•K-5•2.0mi
2/10
Marina Del Rey Middle School
Public,•6-8•0.2mi
4/10
Mark Twain Middle School and World Languages Magnet
Public,•6-8•1.5mi
7/10
Culver City Middle School
Public,•6-8•1.8mi
6/10
Venice Senior High School
Public,•9-12•1.2mi
8/10
Culver City High School
Public,•9-12•1.8mi
Condition Rating
Poor
Built in 1944, this property is explicitly marketed as an opportunity to 'reimagine or rebuild,' indicating it requires extensive renovation. The images confirm this, showcasing a highly outdated kitchen with original wood cabinets, tile countertops, and older appliances. Both bathrooms feature very dated tile, fixtures, and vanities. The interior throughout has wood paneling, popcorn ceilings, and older light fixtures, suggesting no major renovations have occurred in many decades. While the structure appears intact, the property's systems and finishes are well past their expected lifespan and require substantial rehabilitation to meet modern standards.
Pros & Cons
Pros
Great Schools: Elementary School: Farragut Elementary School (9/10).
Exceptional Location: Situated in the highly sought-after Del Rey neighborhood, offering prime proximity to Marina del Rey and Playa Vista, enhancing lifestyle and potential appreciation.
Significant Development Opportunity: Presents a rare chance to either extensively remodel the existing structure or completely rebuild a custom dream home, capitalizing on the valuable land.
Excellent Freeway Access: Conveniently located within minutes to the 405 and 90 freeways, providing easy commuting throughout the greater Los Angeles area.
Desirable Lot Size: The 4,335 sqft lot offers ample space for potential expansion, creative landscaping, or a new construction project in a dense urban environment.
Vibrant Community: Located within a vibrant and desirable community, adding to the overall appeal for potential residents seeking an engaging neighborhood.
Cons
Extensive Renovation/Rebuild Required: The property's age (1944) and the description's emphasis on 'reimagine or rebuild' indicate it is not move-in ready and will require substantial investment for modernization or a complete overhaul.
Modest Current Square Footage: At 1,248 sqft, the existing home is relatively small for a 3-bedroom property, which might necessitate expansion for buyers seeking more living space.
Mixed Local School Ratings: While several schools are nearby, the very close Marina Del Rey Middle School has a low rating (2), which could be a significant consideration for families with school-aged children.