133 W 119th Street, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 1 bath
ACTIVE$699,900
133 W 119th Street, Los Angeles, California 90061
3Beds
1Bath
1,045Sqft
6,504Lot
Year Built
1927
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$670
HOA
-
Days on market
-
Sold On
-
MLS number
DW25033508
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,5 Pros. Rank: price - $699.9K(70th), sqft - 1045(50th), beds - 3(50th), baths - 1(48th).
R1 zoning single family home 3 beds 1 bath 2 car garage potencial to build ADU lot size 6,502 sq,ft close to freways 105 and 110 freeway perfect for started first time home or investment
Price History
Date
Event
Price
06/21/22
Sold
$650,000
03/07/07
Sold
$300,000
Condition Rating
Poor
Built in 1927, this property is nearly a century old with no mention of significant recent renovations. The property analysis explicitly notes 'potential for deferred maintenance, outdated systems, and higher renovation costs.' The single bathroom for three bedrooms also indicates an outdated layout and functional limitation. These factors suggest the property requires substantial repairs and rehabilitation to meet modern living standards.
Pros & Cons
Pros
ADU Development Potential: R1 zoning and a substantial 6,502 sq ft lot offer excellent potential for adding an Accessory Dwelling Unit, enhancing value and rental income.
Strategic Freeway Access: Proximity to the 105 and 110 freeways provides convenient commuting options and connectivity across Los Angeles.
Versatile Market Appeal: The property is explicitly marketed as suitable for both first-time homebuyers and investors, indicating broad market appeal.
Ample Lot Size: The 6,502 sq ft lot provides significant outdoor space for landscaping, recreation, or future expansion.
Detached Two-Car Garage: Offers valuable off-street parking and potential for conversion or additional storage.
Cons
Significant Overpricing: The current list price of $699,900 is substantially above the estimated market value of approximately $438,000, indicating a considerable pricing discrepancy.
Limited Bathroom Count: The 3-bedroom, 1-bathroom configuration may be a functional limitation for families or multiple occupants, potentially impacting market desirability.
Age of Property & Potential Maintenance: A 1927 build year suggests potential for deferred maintenance, outdated systems, and higher renovation costs compared to newer constructions.