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1424 W 94th Place, Los Angeles, California 90047, Los Angeles, 90047 - 2 bed, 1 bath

1424 W 94th Place, Los Angeles, California 90047 home-pic-0
ACTIVE$699,900
1424 W 94th Place, Los Angeles, California 90047
2Beds
1Bath
1,030Sqft
5,629Lot

Price Vs. Estimate

The estimated value ($663,413.535) is $36,486.465 (5%) lower than the list price ($699,900). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Accessibility: Centrally located in the desirable Gramercy Park area, minutes from major hubs like LAX, Sofi/Intuit Stadiums, and Downtown LA, offering excellent convenience and potential for appreciation.
Top Cons:
Limited Bedroom/Bathroom Count: With only 2 bedrooms and 1 bathroom, the property may not accommodate larger families or those requiring additional space for guests or a home office, potentially limiting the buyer pool.

Compared to the nearby listings

Price:$699.9K vs avg $720.0K ($-20,100)43%
Size:1,030 sqft vs avg 1,328 sqft11%
Price/sqft:$680 vs avg $53489%

More Insights

Built in 1929 (96 years old).
Condition: Despite being built in 1929, this property has undergone significant recent updates, making it move-in ready. The description highlights a 'brand new heating and cooling system,' 'freshly painted inside and out,' 'new carpet,' and 'new LVP flooring' in the kitchen and bathrooms. The kitchen is described as 'updated' with 'like new countertops and appliances,' and images confirm a clean, functional space with white cabinets and modern LVP. The bathroom also features new LVP and appears clean and well-maintained. While the overall aesthetic is functional rather than high-end, the extensive recent upgrades to major systems and finishes place it firmly in the 'Good' category, requiring no immediate renovations.
Year Built
1929
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$680
HOA
-
Days on market
-
Sold On
-
MLS number
25613175
Home ConditionGood
Features
Good View: City Lights, Mountain(s)
Patio
ViewCity Lights,Mountain(s)

About this home

Just Listed!! This charming 2-bedroom, 1-bathroom Spanish-style home offers a perfect blend of historic character and modern upgrades in the desirable Gramercy Park area of Los Angeles. Freshly painted inside and out. This residence features new carpet in the living room area. There is new LVP flooring in the kitchen, kitchen nook and bathrooms. Has hardwood flooring in the dining room and hallway that complements the home's style. The updated kitchen boasts like new countertops and appliances, while the adjacent kitchen nook provides a cozy space with plenty of windows and light. A brand new heating and cooling system has been installed that ensures year-round comfort. There are ceiling fans with lights in the kitchen nook, dining room, and bedrooms. Enter the private backyard through a large iron security gate which accesses the large RV parking space and two-car detached garage. A storage shed is also included for your convenience or to provide more room for your hobbies. This beautiful home is a must see. Centrally located just minutes from LAX, Sofi/Intuit Stadiums and Downtown LA.

Condition Rating
Good
Despite being built in 1929, this property has undergone significant recent updates, making it move-in ready. The description highlights a 'brand new heating and cooling system,' 'freshly painted inside and out,' 'new carpet,' and 'new LVP flooring' in the kitchen and bathrooms. The kitchen is described as 'updated' with 'like new countertops and appliances,' and images confirm a clean, functional space with white cabinets and modern LVP. The bathroom also features new LVP and appears clean and well-maintained. While the overall aesthetic is functional rather than high-end, the extensive recent upgrades to major systems and finishes place it firmly in the 'Good' category, requiring no immediate renovations.
Pros & Cons

Pros

Prime Location & Accessibility: Centrally located in the desirable Gramercy Park area, minutes from major hubs like LAX, Sofi/Intuit Stadiums, and Downtown LA, offering excellent convenience and potential for appreciation.
Extensive Modern Upgrades: Features a brand new heating and cooling system, freshly painted interior/exterior, new LVP flooring, new carpet, and an updated kitchen with like-new countertops and appliances, ensuring move-in readiness and comfort.
Historic Charm with Modern Comforts: A charming Spanish-style home from 1929 that successfully blends historic character with significant modern updates, appealing to buyers seeking unique aesthetics without sacrificing contemporary amenities.
Valuable Outdoor & Parking Amenities: Includes a private backyard with a large iron security gate, ample RV parking, a two-car detached garage, and a storage shed, providing significant utility, storage, and secure parking options.
Views & Natural Light: The property benefits from city lights and mountain views, and the kitchen nook offers 'plenty of windows and light,' enhancing the living experience.

Cons

Limited Bedroom/Bathroom Count: With only 2 bedrooms and 1 bathroom, the property may not accommodate larger families or those requiring additional space for guests or a home office, potentially limiting the buyer pool.
Older Construction: Despite recent updates, the 1929 build year could imply potential for unseen or future maintenance issues typical of older homes, which may require ongoing attention.
Potential Overpricing Relative to Estimate: The listing price of $699,900 is approximately 6% higher than the estimated value of $655,521.35, which might be perceived as a slight overvaluation by some buyers or appraisers.

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