1821 E 107th Street, Los Angeles, California 90002, Los Angeles, 90002 - 2 bed, 1 bath

1821 E 107th Street, Los Angeles, California 90002 home-pic-0
ACTIVE$540,000
1821 E 107th Street, Los Angeles, California 90002
2Beds
1Bath
1,088Sqft
3,120Lot
Year Built
1985
Close
-
List price
$540K
Original List price
$540K
Price/Sqft
$496
HOA
-
Days on market
-
Sold On
-
MLS number
RS25056823
Home ConditionFair
Features
View-

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,5 Pros. Rank: price - $540.0K(37th), sqft - 1088(54th), beds - 2(35th), baths - 1(48th).

Charming 3 bedroom 2 bathroom currently registered as a 2 bed 1 bath home ideally located near top rated schools, shopping centers, parks, and major freeways (105 and 110) offering great potential. This cozy home offers plenty of parking space and is perfect for easy access to local amenities. A fantastic opportunity for home ownership in a convenient location.

Condition Rating
Fair

Built in 1985, this property is 39 years old, aligning with the 'Fair' category for age. The single exterior image shows a dated appearance with a temporary-looking shade structure and a security gate, suggesting a lack of recent aesthetic upgrades. Crucially, the listing mentions the home is a '3 bedroom 2 bathroom currently registered as a 2 bed 1 bath,' indicating unpermitted work. This is a significant issue that would require substantial attention to bring the property into compliance, impacting its overall quality and potentially requiring significant repairs or legalization. Without interior photos, especially of the kitchen and bathrooms, it's reasonable to assume these key areas are either original or have not been recently updated to modern standards, further supporting a 'Fair' assessment where major components are functional but show signs of being outdated and requiring updates.
Pros & Cons

Pros

Prime Location & Accessibility: Strategically located near top-rated schools, shopping centers, parks, and major freeways (105 & 110), offering excellent convenience and connectivity.
Value-Add Potential: Described as a 3-bedroom, 2-bathroom home currently registered as 2-bed, 1-bath, presenting a clear opportunity for buyers to formalize the additional bedroom/bathroom, potentially increasing market value.
Ample Parking: The property offers 'plenty of parking space,' a valuable amenity in urban Los Angeles where parking can be scarce.
Relatively Modern Construction: Built in 1985, it is newer than many homes in the surrounding area, potentially offering more contemporary construction standards and fewer age-related issues.
Affordable Entry Point: With a list price of $540,000, it represents a relatively accessible entry point into the Los Angeles single-family home market, especially for first-time buyers or investors.

Cons

Significant Overpricing Indication: The list price of $540,000 is substantially higher than the estimated property value of $370,794.09, indicating potential overpricing or a need for strong justification.
Unpermitted/Unregistered Configuration: The discrepancy between the described 3 beds/2 baths and the registered 2 beds/1 bath could lead to appraisal issues, financing challenges, and require costly permitting or remediation.
Smaller Lot Size: The 3,120 sqft lot is relatively small, which may limit outdoor living space, privacy, or future expansion opportunities for some buyers.

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