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1319 S Downey Road, Los Angeles, California 90023, Los Angeles, 90023 - 3 bed, 2 bath

1319 S Downey Road, Los Angeles, California 90023 home-pic-0
ACTIVE$789,000
1319 S Downey Road, Los Angeles, California 90023
3Beds
2Baths
1,594Sqft
7,825Lot

Price Vs. Estimate

The estimated value ($531,894.67) is $257,105.33 (32%) lower than the list price ($789,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7825, living area = 1594.
Top Cons:
Potential Overpricing: The current list price of $789,000 is significantly higher than the estimated property value of $531,894.67, indicating a potential overvaluation of 32% based on automated market analysis.

Compared to the nearby listings

Price:$789.0K vs avg $682.5K (+$106,500)73%
Size:1,594 sqft vs avg 1,233.5 sqft73%
Price/sqft:$495 vs avg $52632%

More Insights

Built in 1928 (97 years old).
Condition: Built in 1928, this home has undergone significant recent updates, making it move-in ready. The kitchen features newer white shaker-style cabinets, dark countertops, recessed lighting, tile flooring, and modern stainless steel appliances. The main bathroom has been completely remodeled with contemporary tile, a modern vanity, and a stylish walk-in shower (though it lacks a tub). New carpet has been installed in the living room and bedrooms, and the property benefits from A/C and heating throughout. While some light fixtures are not ultra-modern, the critical areas are well-maintained and updated within the last 5-15 years, aligning with a 'Good' condition.
Year Built
1928
Close
-
List price
$789K
Original List price
$789K
Price/Sqft
$495
HOA
-
Days on market
-
Sold On
-
MLS number
PW25123503
Home ConditionGood
Features
View-

About this home

Welcome to this charming Spanish home offering 3 bedrooms, 2 bath. This property offers so much potential with a lot size of 7,825 sq ft. As you enter you are greeted with a large living room, an arched ceiling, build in book shelfs and new carpet. Dinning area leads you down a hall to all 3 spacious bedrooms with walk in closets, ceiling fans, new carpet. Main bath was complete remodeled with beautiful tile throughout. Bath does not offer a tub. Laundry area allows for washer and dryer to go side by side with extra space. Has a newer kitchen with plenty of cabinet space, pantry, an island, recessed lighting and tile ceramic floor. A/C and heating throughout. Spacious back yard offering 2 lemon, lime, 2 avocado, orange, nectarine, pomegranate trees and a young sweet grapefruit tree. Conveniently located close to the 5-fwy, 710-fwy, schools, daycare, Cal State L.A., parks, grocery stores and restaurants.

Condition Rating
Good
Built in 1928, this home has undergone significant recent updates, making it move-in ready. The kitchen features newer white shaker-style cabinets, dark countertops, recessed lighting, tile flooring, and modern stainless steel appliances. The main bathroom has been completely remodeled with contemporary tile, a modern vanity, and a stylish walk-in shower (though it lacks a tub). New carpet has been installed in the living room and bedrooms, and the property benefits from A/C and heating throughout. While some light fixtures are not ultra-modern, the critical areas are well-maintained and updated within the last 5-15 years, aligning with a 'Good' condition.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7825, living area = 1594.
Expansive Lot Size: A generous 7,825 sq ft lot provides ample outdoor space and potential for future development or extensive landscaping.
Updated Interior Features: Recent upgrades include new carpet, a fully remodeled main bathroom with modern tile, and a newer kitchen featuring an island, pantry, and recessed lighting.
Established Fruit Orchard: The spacious backyard boasts a variety of mature fruit trees (lemon, lime, avocado, orange, nectarine, pomegranate, grapefruit), offering a unique and desirable amenity.
Climate Control System: The presence of both A/C and heating throughout the home ensures year-round comfort, a significant advantage for an older property.
Prime Commuter Location: Excellent accessibility due to its proximity to major freeways (5-fwy, 710-fwy) and essential amenities like schools, Cal State L.A., parks, grocery stores, and restaurants.

Cons

Potential Overpricing: The current list price of $789,000 is significantly higher than the estimated property value of $531,894.67, indicating a potential overvaluation of 32% based on automated market analysis.
Absence of Bathtub: The main remodeled bathroom does not include a bathtub, which may limit appeal for certain buyer demographics, particularly families.
Age-Related Maintenance Concerns: Built in 1928, the property, despite recent cosmetic updates, may still have underlying older systems (e.g., plumbing, electrical, foundation) that could require significant maintenance or replacement in the future.

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