12844 Greene Avenue, Los Angeles, California 90066, Los Angeles, 90066 - 3 bed, 2 bath
12844 Greene Avenue
Los Angeles, California 90066
Property Price
SUMMARY
Analysis of 12844 Greene Avenue, Los Angeles, California 90066 reveals a property with a current list price of $1,360,000, which is 13% above the estimated $1,170,305 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12844 Greene Avenue Subject | $1,360,000* List Price | 3 | 2 | 1,458 | $803 | - |
A 4224 Lyceum Avenue Sold | $1,358,000 | 3 | 2 | 1,478 | $919 | 0.4 mi |
B 12939 Greene Avenue Sold | $1,415,000 | 3 | 2 | 1,544 | $916 | 0.1 mi |
C 4157 Tivoli Avenue Sold | $1,600,000 | 3 | 2 | 1,384 | $1,156 | 0.5 mi |
D 12821 Greene Avenue Sold | $1,676,150 | 3 | 3 | 1,422 | $1,179 | 0.1 mi |
E 12871 Rubens Avenue Sold | $1,417,000 | 4 | 2 | 1,418 | $999 | 0.2 mi |
F 12462 Short Avenue Sold | $1,268,000 | 3 | 1 | 1,188 | $1,067 | 0.4 mi |
G 12821 Greene Avenue Active | $1,599,000 List Price | 3 | 3 | 1,422 | $1,124 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The kitchen features modern stainless steel appliances, updated light wood cabinetry, white countertops, and a contemporary glass subway tile backsplash, suggesting a renovation within the last 5-15 years. However, the property was built in 1952, and the listing's property analysis explicitly mentions 'Dated Condition/Need for Updates' and an 'Extended Market Duration.' This indicates that while the kitchen is a strong point, other areas of the home, particularly the bathrooms (which are not pictured), likely require minor to substantial updates or repairs to meet current standards. The overall condition is aged but maintained, with some outdated components outside of the kitchen.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Farragut Elementary School (9/10).
- Desirable Location
Located in a very safe and quiet neighborhood adjacent to Marina Del Rey/Silicon Beach, a highly sought-after area.
- Excellent School Access
Walking distance to Short Elementary School and the New Ocean Charter School, appealing to families.
CONSRISKS & DEFICIENCIES
- Significant Overpricing
The list price of $1.36M is considerably higher than the estimated value of $1.17M and only marginally above its 2021 sale price, suggesting it may be overpriced for its current condition or market value.
- Extended Market Duration
The property has been on the market since August 2021 (over three years), indicating persistent challenges in attracting buyers, likely due to pricing or condition.
- Dated Condition/Need for Updates
Built in 1952, and without explicit mention of significant recent renovations, the property likely requires substantial investment to modernize and compete with updated homes in the area.
About 12844 Greene Avenue
Marina Del Rey/Silicon Beach- adjacent single family home located in a very safe and quiet neighborhood. Walking distance to Short Elementary School and the New Ocean Charter School, shopping/entertainment, and Glenn Alla park. Just minutes away from the beach, Ballona Creek Bike Path, and Venice Abbot Kinney.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 4,563 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Short Avenue Elementary School
Grades K-6 • 0.2 mi
Grand View Boulevard Elementary School
Grades K-5 • 0.9 mi
Braddock Drive Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,458 | 1,826 | 30% |
| Lot Size | 4,563 | 5,742.5 | 11% |
| Price | $1.36M | $2.10M | 16% |
| Price per sq ft | $933 | $1.2K | 17% |
| Built year | 1952 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 1678 | 175 | 0% |
Pricing History
Sold
Nov 12, 2021
$1,350,000
Public Record
Sold
Oct 13, 2010
$525,000
Public Record
Sold
Jun 1, 2007
$655,000
Public Record