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1518 W 56th Street, Los Angeles, California 90062, Los Angeles, 90062 - 3 bed, 2 bath

1518 W 56th Street, Los Angeles, California 90062 home-pic-0
ACTIVE$799,000
1518 W 56th Street, Los Angeles, California 90062
3Beds
2Baths
1,194Sqft
4,992Lot
Year Built
1912
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$669
HOA
-
Days on market
-
Sold On
-
MLS number
RS25032526
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 35% below the list price. We found 3 Cons,5 Pros. Rank: price - $799.0K(51th), sqft - 1194(41th), beds - 3(50th), baths - 2(50th).

This delightful Craftsman home offers the perfect blend of classic charm and modern comfort. As you approach, the welcoming covered front porch invites you to relax and unwind. Inside, an open floor plan creates a warm, spacious atmosphere, enhanced by an abundance of natural light from the many windows and recessed lighting throughout. The cozy living room, complete with a charming fireplace, flows seamlessly into the large dining area—ideal for hosting family gatherings. The updated kitchen is a true highlight, featuring gleaming stainless steel appliances, beautiful granite countertops, custom inset cabinets, and a stylish remodeled tile backsplash. For added convenience, there's a spacious hallway laundry room with plenty of storage. This home has been thoughtfully updated, including a newer water heater, central A/C, and heating units for year-round comfort. Both bathrooms have been tastefully remodeled with glass shower doors and elegant tiles. Step outside to discover a large, private backyard, perfect for relaxing or entertaining. The gated front yard and long driveway offer plenty of space for parking, with room additional cars or possibly an RV. A detached 2-car garage with tile floors provides even more space for storage or projects. Though the title shows as 2 bedrooms and 1 bath, this property has 3 bedrooms and 2 baths. Buyers are encouraged to perform their due diligence with the City. Property is selling as is. This home exudes character and warmth—a true gem waiting for you to make it your own!

Price History

Date
Event
Price
12/24/15
Sold
$390,000
08/14/15
Sold
$283,500
Condition Rating
Good
This 1912 Craftsman home has undergone significant and thoughtful updates, making it move-in ready. The kitchen features modern stainless steel appliances, granite countertops, custom inset cabinets, and a stylish tile backsplash. Both bathrooms are tastefully remodeled with glass shower doors and elegant tiles. Major systems, including the water heater, central A/C, and heating units, are newer, and recessed lighting is present throughout. While extensively renovated, the property's age and the 'as is' sale condition, along with a discrepancy in the bed/bath count requiring buyer due diligence, prevent it from achieving an 'Excellent' rating, which typically implies a full, very recent renovation with all components virtually new and no outstanding concerns.
Pros & Cons

Pros

Extensive Modern Renovations: The property boasts significant recent updates, including an updated kitchen with stainless steel appliances, granite countertops, and custom cabinets, tastefully remodeled bathrooms, and newer central A/C and heating units, providing modern comfort and reducing immediate maintenance needs.
Classic Craftsman Appeal: Built in 1912, this delightful Craftsman home retains its desirable historical character with a welcoming covered front porch and a charming fireplace, blending period charm with contemporary living.
Functional & Bright Interior: An open floor plan creates a warm and spacious atmosphere, enhanced by an abundance of natural light from numerous windows and recessed lighting throughout, offering a bright and inviting living space.
Ample Parking & Detached Garage: The gated front yard and long driveway provide generous parking space for multiple vehicles or an RV, complemented by a detached 2-car garage with tile floors, offering excellent utility for storage or projects.
Private Outdoor Living Space: A large, private backyard offers an ideal setting for relaxation, entertaining, and outdoor activities, adding valuable exterior living space to the property.

Cons

Unverified Bedroom/Bathroom Count: The property is marketed as 3 bedrooms and 2 baths, but public records indicate 2 bedrooms and 1 bath, necessitating buyer due diligence to verify the legal count and potential impact on appraisal or financing.
As-Is Sale Condition: Being sold 'as is' implies the seller will not make repairs, placing the responsibility for any unforeseen issues or necessary upgrades on the buyer, which could deter some interested parties.
Significant Valuation Discrepancy: The listing price of $799,000 is considerably higher than the estimated property value of $514,958.595, indicating a potential overpricing issue that could lead to appraisal challenges and extended market time.

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