1601 Steele Avenue, Los Angeles, California 90063, Los Angeles, 90063 - 2 bed, 2 bath
ACTIVE$949,000
1601 Steele Avenue, Los Angeles, California 90063
2Beds
2Baths
954Sqft
7,935Lot
Year Built
1953
Close
-
List price
$949K
Original List price
$949K
Price/Sqft
$995
HOA
-
Days on market
-
Sold On
-
MLS number
25500187
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
Spa
ViewCity Lights
About this home
Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,6 Pros. Rank: price - $949.0K(94th), sqft - 954(35th), beds - 2(37th), baths - 2(50th).
This beautiful hillside retreat offers sweeping views of the Downtown LA skyline from every angle. Expansive windows throughout the home provide stunning vistas, while the spacious deck features a Japanese cedar hot tub and intimate dining area. The cozy living room with a pull-out projector screen is perfect for movie nights. The gourmet kitchen is equipped with top-tier appliances, and two luxurious bedroom suites each have private baths and generous closet space. Adjacent lot is included in the sale, total 7,935sqft with both APNs.
Price History
Date
Event
Price
10/07/22
Sold
$718,000
11/16/15
Sold
$240,000
Condition Rating
Excellent
Despite being built in 1953, the property has undergone an extensive, high-quality renovation. The description highlights a 'gourmet kitchen equipped with top-tier appliances' and 'two luxurious bedroom suites each have private baths.' The images confirm modern, sleek cabinetry, high-end stainless steel appliances, contemporary tiling, updated fixtures, and modern flooring throughout. All visible components appear new or virtually new, meeting current quality standards with no signs of deferred maintenance. The overall aesthetic and features align with a recently renovated, move-in ready home.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7935, living area = 954.
Panoramic City Views: The property offers 'sweeping views of the Downtown LA skyline from every angle' and 'expansive windows,' providing a premium visual experience and enhancing desirability.
Expanded Lot Size & Potential: The inclusion of an 'adjacent lot' brings the total to 7,935 sqft, offering significant outdoor space, privacy, and potential for future expansion or landscaping.
Luxury Outdoor Amenities: A 'spacious deck features a Japanese cedar hot tub and intimate dining area,' significantly enhancing the property's appeal for relaxation and entertaining.
High-End Interior Finishes: The home boasts a 'gourmet kitchen equipped with top-tier appliances' and 'two luxurious bedroom suites each have private baths and generous closet space,' indicating quality and comfort.
Unique Entertainment Feature: The 'cozy living room with a pull-out projector screen' provides a dedicated and modern entertainment experience, adding a unique selling point.
Cons
Significant Price Discrepancy: The list price of $949,000 is substantially higher than the property's estimated value ($589,652.83) and recent comparable sales, indicating a potential overvaluation or aggressive pricing strategy.
Limited Interior Square Footage: With only 954 sqft, the interior living space is relatively compact for its price point, which might deter buyers seeking more spacious accommodations.
Potential for Older Infrastructure: Built in 1953, the property's age suggests that while cosmetic updates are present, major systems (e.g., HVAC, plumbing, electrical) may be original or require significant upgrades not explicitly mentioned as recent improvements.