1418 W 93rd, Los Angeles, California 90047, Los Angeles, 90047 - 3 bed, 2 bath
ACTIVE$725,000
1418 W 93rd, Los Angeles, California 90047
3Beds
2Baths
1,322Sqft
5,626Lot
Price Vs. Estimate
The estimated value ($642,342.165) is $82,657.835 (11%) lower than the list price ($725,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Extensive Renovation Required: The property explicitly states it is 'ready for some TLC' and requires 'sweat equity,' implying a need for significant updates, repairs, and modernization throughout.
Compared to the nearby listings
Price:$725.0K vs avg $722.5K (+$2,500)50%
Size:1,322 sqft vs avg 1,328 sqft49%
Price/sqft:$548 vs avg $53455%
More Insights
Built in 1940 (85 years old).
Condition: Built in 1940, this property is explicitly described as 'ready for some TLC' and a 'project with upside,' requiring 'sweat equity.' The images confirm this, showing extremely outdated conditions throughout. The kitchen features old linoleum flooring, worn cabinets, and dated paneling, necessitating a full renovation. Bathrooms exhibit very old-fashioned tiling and fixtures. Carpets are old and patterned, and light fixtures are outdated. While not a tear-down, it requires substantial repairs and rehabilitation to major components and cosmetic areas to be comfortable and meet modern standards.
Year Built
1940
Close
-
List price
$725K
Original List price
$725K
Price/Sqft
$548
HOA
-
Days on market
-
Sold On
-
MLS number
PW25254433
Home ConditionPoor
Features
View-
About this home
Located just minutes from the Kia Forum and SoFi Stadium, this 3-bedroom 2 Bath home in the heart of Gramercy Park offers endless potential in a prime location. The property is ready for some TLC, making it an ideal opportunity for buyers to customize and create value with it’s large open spaces. Large windows bring in natural light, and the large lot provides ample space for parking and outdoor enjoyment. Whether you're looking for a starter home or a project with upside, this property delivers convenience and opportunity for a buyer looking to build some sweat equity. Transform this well-situated home into something truly special and enjoy this growing neighborhood with growing mix of cafes, eateries, and boutique shops.
Nearby schools
3/10
La Salle Avenue Elementary School
Public,•K-5•0.5mi
1/10
Manhattan Place Elementary School
Public,•K-5•0.6mi
1/10
Century Park Elementary School
Public,•K-5•1.5mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.7mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•1.7mi
1/10
Horace Mann Junior High School
Public,•6-8•1.8mi
2/10
George Washington Preparatory High School
Public,•9-12•1.0mi
2/10
Morningside High School
Public,•9-12•2.1mi
2/10
Inglewood High School
Public,•9-12•3.2mi
9/10
Middle College High School
Public,•9-12•3.5mi
Condition Rating
Poor
Built in 1940, this property is explicitly described as 'ready for some TLC' and a 'project with upside,' requiring 'sweat equity.' The images confirm this, showing extremely outdated conditions throughout. The kitchen features old linoleum flooring, worn cabinets, and dated paneling, necessitating a full renovation. Bathrooms exhibit very old-fashioned tiling and fixtures. Carpets are old and patterned, and light fixtures are outdated. While not a tear-down, it requires substantial repairs and rehabilitation to major components and cosmetic areas to be comfortable and meet modern standards.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Strategic Location: Located just minutes from major entertainment venues like the Kia Forum and SoFi Stadium, within the growing Gramercy Park neighborhood, offering convenience and potential for appreciation.
Significant Value-Add Potential: The property is described as 'ready for some TLC' and a 'project with upside,' providing an ideal opportunity for buyers to customize, create value, and build sweat equity.
Generous Lot Size: A large 5,626 sqft lot offers ample space for outdoor enjoyment, potential landscaping, parking, or future expansion possibilities.
Abundant Natural Light: Large windows throughout the home ensure plenty of natural light, contributing to a bright and inviting interior atmosphere.
Emerging Neighborhood Growth: Situated in a 'growing neighborhood with growing mix of cafes, eateries, and boutique shops,' indicating an improving local infrastructure and lifestyle amenities.
Cons
Extensive Renovation Required: The property explicitly states it is 'ready for some TLC' and requires 'sweat equity,' implying a need for significant updates, repairs, and modernization throughout.
Age of Property: Built in 1940, the home likely features outdated systems, finishes, and infrastructure, which could lead to higher immediate and long-term maintenance costs.
Immediate Investment Beyond Purchase Price: Buyers should anticipate a substantial additional financial commitment for renovations and upgrades to bring the property to modern standards and realize its full potential.