139 W 88th Place, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
ACTIVE$565,000$768/sqft
Est. Value: $436,894
-22%
AboveEstimate
139 W 88th Place, Los Angeles, California 90003
2Beds
1Bath
768Sqft
3,775Lot
Price Vs. Estimate
The estimated value ($436,893.555) is $128,106.445 (22%) lower than the list price ($565,000). This property may be overpriced.
Key pros and cons
Top Pros:
Desirable Neighborhood: Located in the 'desirable Avalon Garden neighborhood' and described as 'one of LA’s sought-after communities,' enhancing its appeal.
Top Cons:
Significant Overpricing: The list price of $565,000 is 22% above the estimated market value of $436,893.555, suggesting it may be substantially overpriced.
Compared to the nearby listings
Price:$565.0K vs avg $602.5K ($-37,500)38%
Size:768 sqft vs avg 1,111 sqft12%
Price/sqft:$736 vs avg $50388%
More Insights
Built in 1923 (103 years old).
Condition: Built in 1923, this property shows significant signs of age with no apparent major renovations. The kitchen features dated cabinets and an older range hood, while the bathroom, though tiled, is not modern. Visible electrical wiring running along a wall is a concern. The overall condition indicates a need for substantial repairs and rehabilitation to modernize systems and finishes, aligning with the 'Poor' category.
Year Built
1923
Close
-
List price
$565K
Original List price
$565K
Price/Sqft
$736
HOA
-
Days on market
-
Sold On
-
MLS number
DW25095442
Home ConditionPoor
Features
Patio
View-
About this home
Opportunity Knocks in Avalon Garden! Discover this charming two-bedroom, one-bathroom home located in the desirable Avalon Garden neighborhood of Los Angeles. Perfect for both investors and families seeking city living, this property offers 768 square feet of comfortable interior space on a generous 3,775 square foot lot—ideal for relaxing or entertaining. Enjoy the added bonus of easy freeway access, providing quick and convenient commutes throughout the city. Don’t miss your chance to own in one of LA’s sought-after communities!
D
Daniel Gonzales
Listing Agent
Price History
Date
Event
Price
08/02/24
Sold
$507,000
Condition Rating
Poor
Built in 1923, this property shows significant signs of age with no apparent major renovations. The kitchen features dated cabinets and an older range hood, while the bathroom, though tiled, is not modern. Visible electrical wiring running along a wall is a concern. The overall condition indicates a need for substantial repairs and rehabilitation to modernize systems and finishes, aligning with the 'Poor' category.
Pros & Cons
Pros
Desirable Neighborhood: Located in the 'desirable Avalon Garden neighborhood' and described as 'one of LA’s sought-after communities,' enhancing its appeal.
Generous Lot Size: A 3,775 square foot lot offers ample outdoor space for 'relaxing or entertaining' and potential for future expansion or an Accessory Dwelling Unit (ADU).
Strong Investment Potential: Explicitly marketed as 'Perfect for both investors,' indicating opportunities for rental income or value appreciation through renovation.
Excellent Commuter Accessibility: Benefits from 'easy freeway access, providing quick and convenient commutes throughout the city.'
Versatile Buyer Appeal: Positioned to attract 'both investors and families seeking city living,' broadening its market reach.
Cons
Significant Overpricing: The list price of $565,000 is 22% above the estimated market value of $436,893.555, suggesting it may be substantially overpriced.
Compact Interior Space: With only 768 square feet of interior space, the home offers limited living area, which might not meet the needs of all potential buyers, particularly families.
Potential for Extensive Renovation Needs: Built in 1923 with no mention of recent major updates, the property likely requires significant investment to modernize systems and finishes to compete with recently remodeled comparables.