151 E 92nd Street, Los Angeles, California 90003, Los Angeles, 90003 - 5 bed, 3 bath
ACTIVE$500,000
151 E 92nd Street, Los Angeles, California 90003
5Beds
3Baths
1,844Sqft
4,820Lot
Year Built
1937
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$271
HOA
-
Days on market
-
Sold On
-
MLS number
SB25106530
Home ConditionPoor
Features
Good View: City Lights, Neighborhood
ViewCity Lights,Neighborhood
About this home
We found 3 Cons,5 Pros. Rank: price - $500.0K(33th), sqft - 1844(94th), beds - 5(96th), baths - 3(94th).
Five bedrooms, two bath good for investors.
Price History
Date
Event
Price
05/13/25
Listing
$500,000
06/02/03
Sold
$205,000
06/26/98
Sold
$135,000
04/30/98
Sold
$84,000
Condition Rating
Poor
The property was built in 1937, making it 88 years old. The MLS description 'good for investors' strongly suggests it requires substantial repairs and rehabilitation, rather than being move-in ready. The sole image provided is of the exterior, showing an unkempt front yard, an older fence, and security bars on windows, which further indicates deferred maintenance. Crucially, there are no interior images, especially of the kitchen and bathrooms, which are key assessment areas. This lack of interior visibility, combined with the age and 'investor' marketing, implies these areas are likely outdated and in need of significant renovation or repair, fitting the 'Poor' condition criteria.
Pros & Cons
Pros
High Bedroom & Bathroom Count: With 5 bedrooms and 3 bathrooms, the property offers ample living space and flexibility, appealing to larger families or potential multi-unit conversion for investors.
Investor Potential: Explicitly marketed as 'good for investors,' this property presents a clear opportunity for rental income, value-add renovations, or a fix-and-flip strategy.
Los Angeles Location: Situated in Los Angeles, a high-demand metropolitan area, the property benefits from strong market fundamentals, potential for long-term appreciation, and access to urban amenities.
Desirable Views: The property boasts 'City Lights' and 'Neighborhood' views, adding aesthetic appeal and potentially enhancing its market value.
Generous Square Footage: At 1844 sqft, the property offers substantial interior space for its bedroom count, providing comfortable living areas or room for re-configuration.
Cons
Age of Property: Built in 1937, the property is significantly older, suggesting potential for outdated systems (plumbing, electrical, HVAC) and the need for comprehensive modernization to meet current standards.
Unspecified Condition & Renovation Needs: The brief description lacks details on recent upgrades or the current condition, implying that the property likely requires substantial investment for renovations and repairs.
Potential for High Renovation Costs: Given its age and investor-centric marketing, prospective buyers should anticipate considerable expenses for necessary repairs, system upgrades, and cosmetic improvements to maximize its value.