1726 E 47th Street, Los Angeles, California 90058, Los Angeles, 90058 - 2 bed, 2 bath
ACTIVE$399,000
1726 E 47th Street, Los Angeles, California 90058
2Beds
2Baths
777Sqft
1,740Lot
Year Built
1926
Close
-
List price
$399K
Original List price
$450K
Price/Sqft
$514
HOA
-
Days on market
-
Sold On
-
MLS number
DW25043871
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,5 Pros. Rank: price - $399.0K(50th), sqft - 777(50th), beds - 2(50th), baths - 2(50th).
Great opportunity for first time home buyer. This home is 777 sq ft and features 1 bedroom (currently split into 2), a loft and 2 baths. Title shows differently. Buyer to verify condition, area, sq ft, and permits to satisfy themselves.
Price History
Date
Event
Price
04/13/12
Sold
$50,000
08/26/96
Sold
$46,000
Condition Rating
Poor
Built in 1926, this property shows significant signs of age and deferred maintenance. The kitchen and bathrooms are extremely dated with old fixtures, basic vanities, and worn ceramic tile flooring throughout. There is no evidence of recent renovations; instead, the property appears to have ad-hoc modifications (e.g., 'bedroom split into 2', 'loft') and is heavily cluttered, making a full assessment difficult. Major systems (electrical, plumbing, HVAC) are likely original or very old, requiring substantial repairs and rehabilitation. The overall condition suggests it is uncomfortable to live in its current state and requires extensive updates.
Pros & Cons
Pros
First-Time Home Buyer Appeal: Explicitly marketed as a 'Great opportunity for first time home buyer,' suggesting an accessible entry point into the Los Angeles market.
Price Reduction: A significant reduction from the original list price of $450,000 to $399,000 makes it more attractive to budget-conscious buyers.
Two Bathrooms: The presence of two bathrooms in a compact home (777 sq ft) offers enhanced convenience and functionality.
Potential for Value Addition: The mention of a 'loft' and a bedroom 'currently split into 2' suggests opportunities for a buyer to optimize the layout or legalize existing structures, potentially increasing future value.
Los Angeles Location: Being located in Los Angeles, California, provides access to a large job market, amenities, and potential for long-term appreciation.
Cons
Significant Overpricing: The current listing price of $399,000 is 29% higher than the estimated property value of $279,963.88, indicating a substantial disconnect with market valuation.
Discrepancies in Property Information: The description notes 'Title shows differently' regarding bedroom count and requires the 'Buyer to verify condition, area, sq ft, and permits,' creating uncertainty and potential legal/financial risks for the buyer.
Small Size and Age: With only 777 sq ft and built in 1926, the property is very compact and likely requires significant updates or maintenance due to its age, which could deter many buyers.