1816 E 63rd Street, Los Angeles, California 90001, Los Angeles, 90001 - 2 bed, 1 bath
ACTIVE$550,000
1816 E 63rd Street, Los Angeles, California 90001
2Beds
1Bath
628Sqft
2,779Lot
Year Built
1924
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$876
HOA
-
Days on market
-
Sold On
-
MLS number
DW24074111
Home ConditionExcellent
Features
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 26% below the list price. We found 3 Cons,5 Pros. Rank: price - $550.0K(46th), sqft - 628(12th), beds - 2(46th), baths - 1(50th).
Just listed pride of ownership wonderful fully remodel 2 beds 1 bath home great home layout led recessed lighting nice updated kitchen updated bathroom property also has a second structure a 1 bed 1 bath that can be use as living quarters as a 2nd unit or for in laws the property driveway can fit up to 3 cars just a great property over all
Price History
Date
Event
Price
08/06/99
Sold
$40,000
Condition Rating
Excellent
The main house has undergone a recent and extensive renovation, featuring a modern kitchen with white shaker cabinets, quartz countertops, and stainless steel appliances. The main bathroom is also updated with contemporary fixtures and subway tile. New marble-effect tile flooring and LED recessed lighting are present throughout the main living areas, indicating a high standard of recent updates that meet current quality standards. While the property was built in 1924, the primary living spaces are virtually new due to the comprehensive remodel. The second structure is functional but has more basic finishes.
Pros & Cons
Pros
Extensive Remodel: The main home has undergone a wonderful full remodel, featuring an updated kitchen, updated bathroom, and LED recessed lighting, offering a move-in ready condition with modern aesthetics.
Income/Flexibility Potential (Second Unit): The property includes a valuable second structure with 1 bed and 1 bath, suitable for use as living quarters, a secondary unit (ADU potential), or for multi-generational living, providing potential rental income or enhanced flexibility.
Ample Off-Street Parking: The property's driveway can accommodate up to 3 cars, a significant advantage in Los Angeles where parking is often at a premium.
Pride of Ownership: Described as a 'pride of ownership' property, suggesting it has been well-maintained and cared for by the previous owner, potentially reducing immediate maintenance concerns.
Neighborhood View: The property offers a pleasant 'Neighborhood' view, contributing to its overall appeal.
Cons
Significant Overpricing: The list price of $550,000 is substantially higher than the property's estimated value of $402,357.8, which may lead to buyer resistance or require a price adjustment.
Small Main House Square Footage: The main 2-bedroom home is relatively small at 628 sqft, which might limit its appeal to buyers seeking more spacious living areas.
Age of Property: Built in 1924, the property is nearly a century old. While remodeled, older homes can still present potential challenges with underlying infrastructure (e.g., plumbing, electrical, foundation) not always addressed by cosmetic updates.