1500 W 107th, Los Angeles, California 90047, Los Angeles, 90047 - 4 bed, 3 bath
ACTIVE$850,000
1500 W 107th, Los Angeles, California 90047
4Beds
3Baths
1,620Sqft
8,326Lot
Price Vs. Estimate
The estimated value ($825,339.525) is $24,660.475 (2%) lower than the list price ($850,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Potential & Large Lot: The expansive 8,326 sqft lot offers significant potential for an Accessory Dwelling Unit (ADU), providing future income generation or expanded living space, a highly sought-after feature in the Los Angeles market.
Top Cons:
As-Is Sale Condition: The property is being sold 'as-is,' indicating that the seller will not make repairs, which may necessitate immediate investment for necessary upgrades or maintenance.
Compared to the nearby listings
Price:$850.0K vs avg $722.5K (+$127,500)84%
Size:1,620 sqft vs avg 1,333 sqft79%
Price/sqft:$525 vs avg $53247%
More Insights
Built in 1978 (47 years old).
Condition: The property was built in 1978, making it 46 years old. The listing explicitly states 'Seller selling it as is,' which strongly suggests that the home requires substantial repairs and rehabilitation. Without interior photos, it's highly probable that the kitchen and bathrooms are original or very outdated, needing full renovation. Major systems are likely at or past their expected lifespan. The exterior, while functional, shows security bars and a driveway with some wear, further indicating a lack of recent significant updates or modern aesthetic improvements.
Year Built
1978
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$525
HOA
-
Days on market
-
Sold On
-
MLS number
DW25239977
Home ConditionPoor
Features
View-
About this home
This 2 story home comes with 4 bedroom and 3 bath, surrounded by a gated iron fence with two long driveway suited for RV parking. The huge backyard can be turn into an ADU, it has a grotto, and it used to be a pond with some fruit trees and planted vegetables. The upstairs unit has 3 bedroom and 2 bathroom while downstairs has a bedroom and a bathroom. Seller selling it as is.
Condition Rating
Poor
The property was built in 1978, making it 46 years old. The listing explicitly states 'Seller selling it as is,' which strongly suggests that the home requires substantial repairs and rehabilitation. Without interior photos, it's highly probable that the kitchen and bathrooms are original or very outdated, needing full renovation. Major systems are likely at or past their expected lifespan. The exterior, while functional, shows security bars and a driveway with some wear, further indicating a lack of recent significant updates or modern aesthetic improvements.
Pros & Cons
Pros
ADU Potential & Large Lot: The expansive 8,326 sqft lot offers significant potential for an Accessory Dwelling Unit (ADU), providing future income generation or expanded living space, a highly sought-after feature in the Los Angeles market.
Flexible Floor Plan: The two-story layout with 3 beds/2 baths upstairs and 1 bed/1 bath downstairs provides versatility for multi-generational living, guest quarters, or potential rental income streams.
Enhanced Security & Parking: A gated iron fence surrounds the property, offering increased security, complemented by two long driveways capable of accommodating RV parking, a valuable amenity for vehicle owners.
Established Outdoor Amenities: The backyard features a grotto, former pond area, fruit trees, and planted vegetables, offering a foundation for a lush, productive, and private outdoor oasis.
Desirable Location: Situated in Los Angeles, the property benefits from a strong real estate market, access to urban amenities, and consistent demand, contributing to its long-term value.
Cons
As-Is Sale Condition: The property is being sold 'as-is,' indicating that the seller will not make repairs, which may necessitate immediate investment for necessary upgrades or maintenance.
Potential Overpricing: The current list price of $850,000 is above the estimated property value of $828,099.98, suggesting it may be priced at the higher end of market expectations.
Age and Condition: Built in 1978, the home is over 45 years old, and without specific mention of recent renovations, it likely requires modernization and updates to meet contemporary buyer preferences.