1277 W West Boulevard, Los Angeles, California 90019, Los Angeles, 90019 - 4 bed, 2 bath
ACTIVE$997,000
1277 W West Boulevard, Los Angeles, California 90019
4Beds
2Baths
1,400Sqft
5,229Lot
Price Vs. Estimate
The estimated value ($1,100,785.255) is $103,785.255 (10%) higher than the list price ($997,000). This property may be underpriced.
Key pros and cons
Top Pros:
Significant Development Potential: R3 Zoning allows for the construction of '2 extra units' on the current lot, with potential for up to '37 units under SB 79' if a larger 11,110 sqft parcel is assembled, offering substantial future value and investment opportunity.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1400, other record living area = 1310. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Compared to the nearby listings
Price:$997.0K vs avg $1.38M ($-385,500)24%
Size:1,400 sqft vs avg 1,761.5 sqft30%
Price/sqft:$712 vs avg $79733%
More Insights
Built in 1917 (108 years old).
Condition: Despite being built in 1917, the property has been 'newly remodeled' as stated in the description, which is strongly supported by the images. The kitchen features modern white shaker cabinets, stainless steel appliances, and clean tile flooring. Living areas boast well-maintained hardwood floors and modern mini-split AC units. The overall aesthetic is fresh, updated, and shows no signs of deferred maintenance, indicating a recent, extensive renovation that brings it to current quality standards.
Year Built
1917
Close
-
List price
$997K
Original List price
$997K
Price/Sqft
$712
HOA
-
Days on market
-
Sold On
-
MLS number
25607989
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights
About this home
Newly remodeled 4 bed + loft, 2 bath bungalow style furnished home in the heart of Mid-City. Upstairs loft is perfect for home office or playroom. Full basement with washer/dryer. Front patio is perfect for indoor/outdoor living. Ample parking. Auto Gated, R3 Zoning. 2 extra units possible to built . Possible 2 lots, 11,110 s/f R3-1 , 37units possible under SB 79, Price to be $2.3 M. It can be delivered vacant for owner use. The Buyer is advised to independently verify the accuracy of all information "as it is" Buyer's sole responsibility. solar will be installed and payment will be $359.41 a month. (Negotiable)
Price History
Date
Event
Price
07/29/21
Sold
$805,000
Condition Rating
Excellent
Despite being built in 1917, the property has been 'newly remodeled' as stated in the description, which is strongly supported by the images. The kitchen features modern white shaker cabinets, stainless steel appliances, and clean tile flooring. Living areas boast well-maintained hardwood floors and modern mini-split AC units. The overall aesthetic is fresh, updated, and shows no signs of deferred maintenance, indicating a recent, extensive renovation that brings it to current quality standards.
Pros & Cons
Pros
Significant Development Potential: R3 Zoning allows for the construction of '2 extra units' on the current lot, with potential for up to '37 units under SB 79' if a larger 11,110 sqft parcel is assembled, offering substantial future value and investment opportunity.
Prime Mid-City Location: Strategically located in the 'heart of Mid-City' within the desirable Hancock Park-Wilshire area, providing excellent access to urban amenities and a strong rental market.
Modern & Versatile Living Space: Newly remodeled bungalow with a '4 bed + loft, 2 bath' layout, including a versatile loft for a home office or playroom, catering to contemporary family or professional needs.
Enhanced Security & Lifestyle Amenities: Features an 'Auto Gated' entrance for privacy and security, 'ample parking,' and a 'front patio perfect for indoor/outdoor living,' improving quality of life.
Future Energy Savings & Aesthetic Appeal: Solar will be installed promising reduced utility costs, complemented by desirable 'City Lights' views.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1400, other record living area = 1310. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Ongoing Solar Lease/Loan Payment: The 'solar will be installed and payment will be $359.41 a month' introduces a fixed, non-negotiable monthly expense that adds to the buyer's carrying costs.
As-Is Sale & Due Diligence Burden: The property is sold 'as it is,' placing the onus on the buyer for extensive due diligence and potential unforeseen repair or upgrade costs.
High Entry Price Point: The current list price of $997,000 represents a substantial investment, especially given the property's age (1917) and the significant appreciation since its last sale in 2021.