158 S Hoover Street, Los Angeles, California 90004, Los Angeles, 90004 - 5 bed, 3 bath
ACTIVE$949,900
158 S Hoover Street, Los Angeles, California 90004
5Beds
3Baths
2,486Sqft
5,675Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Potential: The property offers multiple investment opportunities, including a complete remodel for resale, conversion into multiple units, or a tear-down for multi-unit development.
Top Cons:
As-Is Condition: The property is being sold in 'AS IS' condition, requiring significant renovation and potential repairs, which may deter some buyers.
Compared to the nearby listings
Price:$949.9K vs avg $2.26M ($-1,313,125)21%
Size:2,486 sqft vs avg 2,382 sqft58%
Price/sqft:$382 vs avg $1.0K3%
More Insights
Built in 1913 (112 years old).
Condition: The property was built in 1913 and the listing description indicates that it requires substantial repairs and rehabilitation. The images confirm this, showing outdated kitchens and bathrooms, and the seller is selling AS IS, implying significant deferred maintenance. It needs major updates.
Year Built
1913
Close
-
List price
$950K
Original List price
$1.1M
Price/Sqft
$382
HOA
-
Days on market
-
Sold On
-
MLS number
DW24223624
Home ConditionPoor
Features
View-
About this home
Great large home in the rampart village area. House has the early 1900 flavor craftsmanship. It's a perfect home to compete and bring back to its earlier glory. Seller has started with the major repairs but decided to sell home AS IS and let somebody else complete the remodel with the owners own vision. Many Possibilities for this home. maybe Tear down and build 6 multi units that are very popular in his area for Investors. Maybe convert into 3-4 units with the same structure or just complete home remodel and resale for a profit. If you are an investor, Builder or a homeowner looking to create you own vision with the completion of this historic home the project is perfect.
Condition Rating
Poor
The property was built in 1913 and the listing description indicates that it requires substantial repairs and rehabilitation. The images confirm this, showing outdated kitchens and bathrooms, and the seller is selling AS IS, implying significant deferred maintenance. It needs major updates.
Pros & Cons
Pros
Investment Potential: The property offers multiple investment opportunities, including a complete remodel for resale, conversion into multiple units, or a tear-down for multi-unit development.
Large Lot Size: The 5,675 sqft lot provides ample space for various development or expansion possibilities.
Historical Charm: The property retains its early 1900s craftsmanship, offering unique architectural details that can be restored and highlighted.
Cons
As-Is Condition: The property is being sold in 'AS IS' condition, requiring significant renovation and potential repairs, which may deter some buyers.
Extensive Remodel Required: The property requires a complete remodel, potentially involving substantial time, effort, and financial investment to bring it to its full potential.