1423 S Spaulding Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$1,299,000$1,765/sqft
Est. Value: $1,230,713
-5%
AboveEstimate
1423 S Spaulding Avenue, Los Angeles, California 90019
3Beds
2Baths
1,765Sqft
6,256Lot
Price Vs. Estimate
The estimated value ($1,230,712.97) is $68,287.03 (5%) lower than the list price ($1,299,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Located in a highly desirable and walkable Picfair Village neighborhood, offering close proximity to local amenities, schools, and transportation.
Top Cons:
As-Is Condition & Renovation Required: Described as a 'light fixer' and sold 'as-is,' indicating the property requires significant renovation, updates, and investment from the buyer.
Compared to the nearby listings
Price:$1.30M vs avg $1.35M ($-51,000)45%
Size:1,765 sqft vs avg 1,767 sqft49%
Price/sqft:$736 vs avg $74648%
More Insights
Built in 1952 (74 years old).
Condition: Built in 1952, this property is explicitly marketed as a 'light fixer' and 'diamond in the rough,' sold 'as-is,' indicating substantial renovation is required. The kitchen features original, severely outdated wood cabinets, worn linoleum flooring, and older appliances, including a window AC unit. Both bathrooms are extremely dated, with one showcasing pink and maroon tile throughout, and the other with yellow tile in the shower, all requiring full replacement. Flooring in other areas consists of worn carpet and dated linoleum, with some hardwood that needs refinishing. The overall condition points to a property needing significant rehabilitation to meet modern standards.
Year Built
1952
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$736
HOA
-
Days on market
-
Sold On
-
MLS number
26633101
Home ConditionPoor
Features
Patio
View-
About this home
This Picfair Village traditional home awaits your transformation! Light fixer on Prime Rectangular Lot. Calling all investors, contractors, and visionaries! Located within close proximity to local amenities, schools, and transportation, this property offers a fantastic opportunity in a highly desirable and walkable neighborhood. Whether you're looking to renovate and resell, hold as a rental property, or create your dream home, this property presents multiple possibilities for the savvy buyer. This home is situated on a spacious lot and has a detached 2 car garage (ADU potential?). Don't miss this chance to transform this diamond in the rough into a profitable investment or your personalized residence. Trust sale. Property sold as-is.
C
Collin St Johns
Listing Agent
Nearby schools
4/10
Saturn Street Elementary School
Public,•K-5•0.5mi
4/10
Crescent Heights Boulevard Elementary School
Public,•K-5•0.7mi
3/10
Daniel Webster Middle School
Public,•6-8•4.4mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•1.9mi
7/10
Fairfax Senior High School
Public,•9-12•2.3mi
Condition Rating
Poor
Built in 1952, this property is explicitly marketed as a 'light fixer' and 'diamond in the rough,' sold 'as-is,' indicating substantial renovation is required. The kitchen features original, severely outdated wood cabinets, worn linoleum flooring, and older appliances, including a window AC unit. Both bathrooms are extremely dated, with one showcasing pink and maroon tile throughout, and the other with yellow tile in the shower, all requiring full replacement. Flooring in other areas consists of worn carpet and dated linoleum, with some hardwood that needs refinishing. The overall condition points to a property needing significant rehabilitation to meet modern standards.
Pros & Cons
Pros
Prime Location: Located in a highly desirable and walkable Picfair Village neighborhood, offering close proximity to local amenities, schools, and transportation.
Significant Investment Potential: Explicitly marketed as a 'fantastic opportunity' for investors, contractors, and visionaries, suitable for renovation, resale, or rental property.
ADU Potential: Features a detached 2-car garage, presenting a clear opportunity for an Accessory Dwelling Unit (ADU) conversion to enhance property value and generate additional income.
Spacious Rectangular Lot: Situated on a prime, spacious 6,256 sqft rectangular lot, providing ample space for potential expansion, landscaping, or outdoor living improvements.
Versatile Buyer Appeal: The property's potential for transformation makes it appealing to a broad range of buyers, from those looking to create a personalized dream home to savvy investors seeking profitable ventures.
Cons
As-Is Condition & Renovation Required: Described as a 'light fixer' and sold 'as-is,' indicating the property requires significant renovation, updates, and investment from the buyer.
Trust Sale Implications: Being a trust sale often means limited disclosures from the seller regarding the property's history and condition, potentially increasing buyer risk and due diligence requirements.
Age of Construction: Built in 1952, the property likely has original systems and finishes, necessitating updates to meet modern standards and address potential deferred maintenance issues.