14620 Biola Ave, La Mirada, California 90638, La Mirada, 90638 - 5 bed, 3 bath

14620 Biola Ave, La Mirada, California 90638 home-pic-0
ACTIVE$1,185,000
14620 Biola Ave, La Mirada, California 90638
5Beds
3Baths
1,700Sqft
7,000Lot
Year Built
1959
Close
-
List price
$1.19M
Original List price
$1.25M
Price/Sqft
$697
HOA
-
Days on market
-
Sold On
-
MLS number
DW24246836
Home ConditionGood
Features
Patio
ViewPeek-A-Boo, Pasture

About this home

Possibly Over-Priced:The estimated price is 46% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.19M(89th), sqft - 1700(61th), beds - 5(92th), baths - 3(72th).

RARE FIND – SINGLE FAMILY RESIDENCE (SFR) with ACCESSORY DWELLING UNIT (ADU) possibility of converting garage to ADU. Home is located in La Mirada. SFR and ADU beautifully maintained and updated; This home offers endless possibilities … In-Law Suite, Extended Family, Casita, Income-Producing Rental? The SFR and ADU offer a combined total of 1700 sq fT. 5-bedrooms, 3-full bathrooms,upgraded kitchen with Stainless Steel appliances, backsplash, granite counters, In-kitchen Dining and Breakfast Bar, brand new flooring, , central AC & Heating, yard, 2-car garage. ADU includes private separate entrance, 1 Bed, 1 Bath, Kitchen, Living Room and Separate AC and Heating. Located in a friendly & safe neighborhood with a great school district for bringing up a whole family. This home is conveniently located within a short walking distance to shopping, Biola University, Theatre, and Splash! DON’T MISS OUT ON YOUR OPPORTNITY TO MAKE THIS YOUR HOME ….MUST SEE TO APPRECIATE!

Price History

Date
Event
Price
03/06/18
Sold
$512,500
Condition Rating
Good

Despite being built in 1959, the property is described as 'beautifully maintained and updated' with an 'upgraded kitchen' featuring Stainless Steel appliances, granite counters, backsplash, and 'brand new flooring'. It also includes central AC & Heating for both the main house and the ADU. These extensive updates, particularly the 'brand new flooring', suggest a recent renovation (likely within the last 5-15 years), making it move-in ready with no immediate renovations required, aligning with a 'Good' condition score. While the underlying structure is older, the visible and functional components have been significantly modernized.
Pros & Cons

Pros

Income-Generating Potential / Multi-Generational Living: The property features an existing, updated Accessory Dwelling Unit (ADU) with a private entrance, 1 bed, 1 bath, kitchen, living room, and separate HVAC, offering excellent potential for rental income, an in-law suite, or extended family living.
Extensively Updated Interior: The home boasts a beautifully maintained and updated interior, including an upgraded kitchen with Stainless Steel appliances, granite counters, backsplash, and brand new flooring throughout.
High Bedroom/Bathroom Count: With a combined total of 5 bedrooms and 3 full bathrooms across the SFR and ADU, the property offers ample space and flexibility for larger families or diverse living arrangements.
Modern Comforts: Both the main residence and the ADU are equipped with central AC & Heating, ensuring year-round comfort for all occupants.
Prime Location & Walkability: Located in a friendly and safe neighborhood with a great school district, the property offers convenient walking access to shopping, Biola University, theatre, and Splash!.

Cons

Significant Overpricing: The current list price of $1,185,000 is substantially higher than the estimated property value of $639,694.01, indicating a significant overpricing (estimation ratio of -46%) that may deter potential buyers.
Older Property Age: Built in 1959, despite recent updates, the underlying age of the property could lead to concerns about original infrastructure (e.g., plumbing, electrical, foundation) that may require future attention or investment.
Ambiguous ADU Status: The description initially mentions 'ADU possibility of converting garage to ADU' but then details an existing ADU. This ambiguity could raise questions about the ADU's permitting status or full legality, potentially requiring further buyer due diligence.

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