1257 S Mcbride, Los Angeles, California 90022, Los Angeles, 90022 - 3 bed, 1 bath
ACTIVE$399,999$840/sqft
Est. Value: $407,408
1%
FairlyEstimate
1257 S Mcbride, Los Angeles, California 90022
3Beds
1Bath
840Sqft
5,547Lot
Price Vs. Estimate
The estimated value ($407,408.04) is $7,409.04 (1%) lower than the list price ($399,999). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location & Accessibility: Situated in an established East Los Angeles neighborhood, offering convenient access to major freeways, schools, shopping, and dining, enhancing its desirability.
Top Cons:
Extensive Renovation Required: The property is explicitly positioned as a 'renovation project,' indicating a need for substantial time, effort, and financial investment to modernize and improve its condition.
Compared to the nearby listings
Price:$400.0K vs avg $647.5K ($-247,501)4%
Size:840 sqft vs avg 963.5 sqft21%
Price/sqft:$476 vs avg $60918%
More Insights
Built in 1922 (104 years old).
Condition: Built in 1922, this property is explicitly marketed as a 'renovation project' and 'value-add property,' sold 'as-is.' The images reveal severe exterior deterioration, including a visibly compromised roof and a dilapidated shed, indicating significant structural and safety concerns. All major systems (electrical, plumbing, HVAC, roof) are undoubtedly at or past their expected lifespan and require substantial replacement. While no interior photos are provided, the age and overall condition strongly suggest the kitchen and bathroom are original or very outdated, necessitating a complete overhaul. This property requires substantial repairs and rehabilitation, aligning with the 'poor' condition criteria.
Year Built
1922
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$476
HOA
-
Days on market
-
Sold On
-
MLS number
OC26005656
Home ConditionPoor
Features
View-
About this home
First time on the market! Opportunity awaits at this value-add property located in an established East Los Angeles neighborhood. Ideal for an investor, contractor, or buyer ready to take on a renovation project. The property is being sold as-is and offers strong potential to customize and create equity. Conveniently located near major freeways, schools, shopping, and dining. Buyer to verify condition, permits, and potential use.
R
Regina Cuervo
Listing Agent
Condition Rating
Poor
Built in 1922, this property is explicitly marketed as a 'renovation project' and 'value-add property,' sold 'as-is.' The images reveal severe exterior deterioration, including a visibly compromised roof and a dilapidated shed, indicating significant structural and safety concerns. All major systems (electrical, plumbing, HVAC, roof) are undoubtedly at or past their expected lifespan and require substantial replacement. While no interior photos are provided, the age and overall condition strongly suggest the kitchen and bathroom are original or very outdated, necessitating a complete overhaul. This property requires substantial repairs and rehabilitation, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Prime Location & Accessibility: Situated in an established East Los Angeles neighborhood, offering convenient access to major freeways, schools, shopping, and dining, enhancing its desirability.
Significant Value-Add Opportunity: Explicitly identified as a 'value-add property' with strong potential for customization and equity creation, making it ideal for investors, contractors, or renovation-minded buyers.
Competitive Entry Price Point: Listed at $399,999, presenting an attractive and relatively affordable opportunity for a single-family home in the Los Angeles market, especially for a renovation project.
First-Time Market Offering: Being offered for the first time, this property represents a unique and fresh opportunity for buyers without prior market exposure or multiple offer scenarios.
Substantial Lot Size: Features a generous 5,547 sqft lot, providing ample outdoor space for landscaping, potential expansion, or the addition of an accessory dwelling unit (ADU), subject to local regulations.
Cons
Extensive Renovation Required: The property is explicitly positioned as a 'renovation project,' indicating a need for substantial time, effort, and financial investment to modernize and improve its condition.
Sold in As-Is Condition: Offered 'as-is,' meaning the seller will not undertake any repairs, placing the responsibility and cost of all necessary improvements and potential unforeseen issues squarely on the buyer.
Age and Limited Living Space: Built in 1922, the home likely requires significant updates to its systems and finishes. Additionally, the 840 sqft living area is relatively compact for a 3-bedroom layout, which may not suit all buyer needs.