13028 S Main Street, Los Angeles, California 90061, Los Angeles, 90061 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$325,000$614/sqft
Est. Value: $325,000
%
FairlyEstimate
13028 S Main Street, Los Angeles, California 90061
2Beds
1Bath
614Sqft
2,950Lot
Price Vs. Estimate
The estimated value ($325,000) is $0 (0%) lower than the list price ($325,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Potential: Explicitly marketed as a 'VALUABLE OPPORTUNITY' for investors, suggesting potential for significant appreciation and return on investment post-renovation.
Top Cons:
Extensive Renovation Required: The property description explicitly states it 'REQUIRES SIGNIFICANT RENOVATION AND IMPROVEMENT,' indicating substantial capital expenditure and effort will be necessary.
Compared to the nearby listings
Price:$325.0K vs avg $642.5K ($-317,500)4%
Size:614 sqft vs avg 1,023 sqft4%
Price/sqft:$529 vs avg $59333%
More Insights
Built in 1947 (79 years old).
Condition: Built in 1947, this property is 77 years old and explicitly stated in the MLS description to 'REQUIRE SIGNIFICANT RENOVATION AND IMPROVEMENT.' The property analysis further confirms 'Extensive Renovation Required' and 'Advanced Age' necessitating updates to major systems and potentially structural repairs. The exterior image shows clear signs of neglect and age, including worn stucco, security bars, and an unkempt yard. While interior images are not provided, the age and description strongly indicate that the kitchen and bathroom are severely outdated and in poor condition, requiring full replacement. This aligns with the 'Poor' condition criteria, signifying substantial repairs and rehabilitation are needed for major components.
Year Built
1947
Close
-
List price
$325K
Original List price
$325K
Price/Sqft
$529
HOA
-
Days on market
-
Sold On
-
MLS number
SB25190657
Home ConditionPoor
Features
View-
About this home
INVESTORS!! DO NOT MISS OUT ON THIS VALUABLE OPPORTUNITY. THE PROPERTY REQUIRES SIGNIFICANT RENOVATION AND IMPROVEMENT.
S
Sandra Ramirez
Listing Agent
Condition Rating
Poor
Built in 1947, this property is 77 years old and explicitly stated in the MLS description to 'REQUIRE SIGNIFICANT RENOVATION AND IMPROVEMENT.' The property analysis further confirms 'Extensive Renovation Required' and 'Advanced Age' necessitating updates to major systems and potentially structural repairs. The exterior image shows clear signs of neglect and age, including worn stucco, security bars, and an unkempt yard. While interior images are not provided, the age and description strongly indicate that the kitchen and bathroom are severely outdated and in poor condition, requiring full replacement. This aligns with the 'Poor' condition criteria, signifying substantial repairs and rehabilitation are needed for major components.
Pros & Cons
Pros
Investment Potential: Explicitly marketed as a 'VALUABLE OPPORTUNITY' for investors, suggesting potential for significant appreciation and return on investment post-renovation.
Desirable Location: Situated in Los Angeles, a major metropolitan area known for strong real estate demand and potential for long-term value growth.
Attractive Price Point: A list price of $325,000 for a single-family home in Los Angeles presents a relatively accessible entry point for investors or buyers seeking a renovation project.
Detached Single-Family Home: Offers the privacy and independence of a standalone residence, generally preferred over attached housing types and holding strong market appeal.
Lot Size for Expansion: The 2950 sqft lot provides potential for future expansion of the existing small structure, adding square footage, or enhancing outdoor living space.
Cons
Extensive Renovation Required: The property description explicitly states it 'REQUIRES SIGNIFICANT RENOVATION AND IMPROVEMENT,' indicating substantial capital expenditure and effort will be necessary.
Small Living Space: With only 614 sqft, the interior living area is very compact, which may limit its appeal to families or those desiring more spacious accommodations.
Advanced Age: Built in 1947, the property is 77 years old, likely necessitating updates to major systems (plumbing, electrical, HVAC) and potentially structural repairs, adding to renovation costs.