151 W 110th Street, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 2 bath
151 W 110th Street
Los Angeles, California 90061
Property Price
SUMMARY
Analysis of 151 W 110th Street, Los Angeles, California 90061 reveals a property with a current list price of $699,000, which is 36% above the estimated $442,610 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 151 W 110th Street Subject | $699,000* List Price | 3 | 2 | 1,376 | $322 | - |
A 237 W 118th Place Sold | $710,000 | 5 | 3 | 1,350 | $526 | 0.7 mi |
B 332 W 119th Street Sold | $500,000 | 3 | 2 | 1,131 | $442 | 0.8 mi |
C 443 W 118th Place Sold | $653,000 | 3 | 2 | 1,036 | $630 | 0.8 mi |
D 142 W 110th Street Active | $699,000 List Price | 3 | 2 | 1,440 | $485 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1924, this property features a recently updated kitchen with modern white shaker cabinets, dark countertops, stainless steel appliances, and subway tile backsplash. Both bathrooms have also been updated with contemporary vanities, fixtures, and subway tile. The interior benefits from fresh paint and updated laminate flooring, making it cosmetically move-in ready. However, given the property's age, and without explicit mention or visual evidence of comprehensive updates to major systems like plumbing, electrical, or HVAC, it does not qualify as 'Excellent' despite the significant cosmetic improvements.
PROSSTRENGTHS & OPPORTUNITIES
- R2 Zoning & ADU Potential
The R2 zoning allows for the addition of a second unit and an Accessory Dwelling Unit (ADU), offering significant potential for increased property value and rental income.
- Strategic Location
Situated close to major Los Angeles attractions, employment hubs (LAX, Downtown LA), and essential amenities like freeways, schools, and restaurants, enhancing desirability and convenience.
- Income Generation Opportunity
Explicitly marketed for its potential for income through a second unit, ADU, and Airbnb, appealing strongly to investors.
CONSRISKS & DEFICIENCIES
- Significant Overvaluation
The current listing price of $699,000 is substantially higher than the estimated property value of $442,610, suggesting a potential overvaluation of approximately 36%.
- Unrealized ADU/Second Unit Potential
While the R2 zoning is a strength, the ADU and second unit are not yet built, requiring considerable additional investment, time, and effort from the buyer to realize the income potential.
- Age of Property & Potential Maintenance
Built in 1924, the property, despite an updated kitchen, may entail higher maintenance costs or require further system upgrades (e.g., plumbing, electrical, HVAC) typical of older homes.
About 151 W 110th Street
R2 LOT ADD A SECOND UNIT AND ADU PLENTY OF ROOM FOR A FOR BUILD OUT, LARGE 3 BEDROOM 2 BATH HOME, OPEN FLOOR PLAN, UPDATED KITCHEN, LONG DRIVEWAY TO FIT 6 CARS, LARGE OPEN BACKYARD FOR ENTERTAINMENT, GREAT OPPORTUNITY TO BUILD A SECOND UNIT AND A ADU GREAT INCOME POTENTIAL. LOCATED SHORT DISTANCE TO LOS ANGELES DOWNTOWN, SOFI STADIUM, LAX, CRYPTO STADIUM, CLIPPER ARENA, LOCATED CLOSE TO FREEWAYS, ENTERTAINMENT, SCHOOLS, RESTAURANTS, GREAT LOCATION FOR BEING CLOSE TO ALL THE LOS ANGELES AREA ATTRACTIONS. GREAT OPPORTUNITY FOR INVESTMENT LOCATION FOR AIRBNB. ZERO DOWN AND CLOSING COSTS ASSISTANCE LOAN PROGRAM AVAILABLE
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1924
- Lot Size
- 5,322 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,376 | 1,147 | 73% |
| Lot Size | 5,322 | 5,522 | 38% |
| Price | $699.0K | $654.5K | 69% |
| Price per sq ft | $508 | $567 | 35% |
| Built year | 1924 | 1948 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 460 | 164 | 0% |
Pricing History
No pricing history data available.