130 E Lanzit Avenue, Los Angeles, California 90061, Los Angeles, 90061 - 4 bed, 2 bath
ACTIVE$360,000
130 E Lanzit Avenue, Los Angeles, California 90061
4Beds
2Baths
1,348Sqft
3,187Lot
Price Vs. Estimate
The estimated value ($360,000) is $0 (0%) lower than the list price ($360,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Value Proposition: The list price of $360,000 for a 4-bedroom, 2-bathroom single-family home in Los Angeles represents a highly competitive and attractive entry point into the market.
Top Cons:
Age of Property: Built in 1947, the home is likely to require significant updates to major systems (plumbing, electrical, HVAC) and cosmetic renovations, incurring additional costs for the buyer.
Compared to the nearby listings
Price:$360.0K vs avg $645.0K ($-285,000)9%
Size:1,348 sqft vs avg 1,052 sqft65%
Price/sqft:$267 vs avg $6004%
More Insights
Built in 1947 (78 years old).
Condition: Built in 1947, this property's exterior shows significant wear with dated stucco, a neglected porch area, and an unkempt yard. The MLS listing explicitly notes the 'Age of Property' as a weakness, indicating it 'is likely to require significant updates to major systems (plumbing, electrical, HVAC) and cosmetic renovations.' Without interior photos, it's highly probable that the kitchen and bathrooms are original or last updated decades ago, requiring substantial rehabilitation to meet current standards. The overall condition suggests the property needs extensive repairs and modernization.
Year Built
1947
Close
-
List price
$360K
Original List price
$360K
Price/Sqft
$267
HOA
-
Days on market
-
Sold On
-
MLS number
DW25194498
Home ConditionPoor
Features
View-
About this home
Condition Rating
Poor
Built in 1947, this property's exterior shows significant wear with dated stucco, a neglected porch area, and an unkempt yard. The MLS listing explicitly notes the 'Age of Property' as a weakness, indicating it 'is likely to require significant updates to major systems (plumbing, electrical, HVAC) and cosmetic renovations.' Without interior photos, it's highly probable that the kitchen and bathrooms are original or last updated decades ago, requiring substantial rehabilitation to meet current standards. The overall condition suggests the property needs extensive repairs and modernization.
Pros & Cons
Pros
Exceptional Value Proposition: The list price of $360,000 for a 4-bedroom, 2-bathroom single-family home in Los Angeles represents a highly competitive and attractive entry point into the market.
Immediate Equity Potential: Priced below the estimated market value of $373,856.99, the property offers potential for immediate equity gain for the buyer.
Desirable Bedroom Count: With 4 bedrooms, the property caters well to families, offering ample space for living, working, or potential rental configurations.
Single-Family Home in Los Angeles: Ownership of a detached residence in a major metropolitan area like Los Angeles provides long-term asset appreciation potential and privacy.
Investment Opportunity: The attractive price point and location within Los Angeles make this property a strong candidate for investors seeking rental income or future capital growth.
Cons
Age of Property: Built in 1947, the home is likely to require significant updates to major systems (plumbing, electrical, HVAC) and cosmetic renovations, incurring additional costs for the buyer.
Limited Lot Size: The relatively small lot size of 3187 sqft offers restricted outdoor space, which may be a drawback for buyers desiring larger yards or expansion potential.
Neighborhood Perception: While located in Los Angeles, the Watts area (MLS Area WATT) may carry specific perceptions that could influence buyer interest and future appreciation compared to other LA neighborhoods.