1514 W 55th Street, Los Angeles, California 90062, Los Angeles, 90062 - 3 bed, 1 bath
ACTIVE$529,400
1514 W 55th Street, Los Angeles, California 90062
3Beds
1Bath
1,497Sqft
4,960Lot
Year Built
1911
Close
-
List price
$529K
Original List price
$737K
Price/Sqft
$354
HOA
-
Days on market
-
Sold On
-
MLS number
IV25188221
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $529.4K(5th), sqft - 1497(57th), beds - 3(50th), baths - 1(38th).
Opportunity knocks in Los Angeles, CA. Affordable opportunity awaits you on this home. Appears to have three bedrooms and one bath with a detached garage. Sits on lot of approximately 4,960 square feet. Home was built records show approximately in 1911. If you blink this will be SOLD at this price. Buyers check City, County, Zoning, Tax, and other records to their satisfaction. AS-IS SALE property.
Price History
Date
Event
Price
11/25/25
Price Change
$529,400-8.6%
11/07/25
Price Change
$579,000-6.4%
10/24/25
Price Change
$618,800-10.5%
10/09/25
Price Change
$691,500-2.8%
09/19/25
Price Change
$711,500-0.6%
09/05/25
Price Change
$715,900-2.8%
08/20/25
Listing
$736,700
01/02/03
Sold
$199,000
Condition Rating
Poor
Built in 1911 and explicitly sold 'AS-IS,' this property is over a century old with no indication of recent major renovations. The listing description highlights 'Advanced Age & Potential for Extensive Repairs' for major systems (plumbing, electrical, HVAC, roof, foundation), suggesting significant defects and the need for substantial rehabilitation. The single exterior image shows an aged home with an older roof and worn siding, consistent with a property requiring extensive work. Without interior photos, especially of the kitchen and bathroom, and given the 'AS-IS' nature, it's highly probable these areas are severely outdated and require full replacement.
Pros & Cons
Pros
Prime Los Angeles Location: Situated in Los Angeles, CA, a highly desirable and appreciating real estate market, offering strong long-term investment potential.
Significant Price Reduction: The property has undergone substantial price drops from its original listing of $736,700 to the current $529,400, indicating strong seller motivation and potential for a competitive offer.
Value Proposition: The current list price of $529,400 is notably below the estimated property value of $574,332.95, offering an attractive investment opportunity for buyers seeking equity.
Generous Lot Size & Detached Garage: A 4,960 sqft lot provides ample outdoor space for urban Los Angeles, and the detached garage offers valuable parking, storage, or potential for an Accessory Dwelling Unit (ADU).
Affordable Entry Point: Positioned as an 'affordable opportunity' in a high-cost market like Los Angeles, appealing to first-time buyers or investors seeking a project with significant upside.
Cons
As-Is Sale Condition: The property is explicitly sold 'AS-IS,' placing the burden of all necessary repairs, renovations, and potential code compliance issues entirely on the buyer, which could lead to significant unforeseen costs.
Advanced Age & Potential for Extensive Repairs: Built in 1911, the home is over a century old, suggesting a high likelihood of requiring extensive and costly updates to major systems (plumbing, electrical, HVAC, roof, foundation) and general modernization.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property presents a functional limitation for families or multiple occupants, potentially impacting daily convenience and resale appeal without further investment.