1830 Copper Lantern Drive, Hacienda Heights, California 91745, Hacienda Heights, 91745 - 4 bed, 2 bath
ACTIVE UNDER CONTRACT$799,000
1830 Copper Lantern Drive, Hacienda Heights, California 91745
4Beds
2Baths
2,100Sqft
10,869Lot
Year Built
1963
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$380
HOA
-
Days on market
-
Sold On
-
MLS number
CV23067535
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,6 Pros. Rank: price - $799.0K(22th), sqft - 2100(56th), beds - 4(50th), baths - 2(50th).
BEST PRICE MAJOR FIXER-UPER, SOLD IN "AS-IS" CONDITION. GOOD SIZED 4 BEDROOMS / 2 BATHS, LOCATED IN HIGHLY DESIRED HACIENDA HEIGHTS AREA. MAY NOT QUALIFY FOR FINANCING. SALE SUBJET TO PROBATE COURT APPROVAL. COURT DATE IS SET FOR OCT 2ND 2023 AT 8:30 AM AT 111 N. HILL ST. LOS ANGELES CA. 90012 FIRST OVERBID AMOUNT WILL BE $911,900.00 CASHIER CHECK REQUIRE AT 10% OF THE BIDDING AMOUNT PAYABLE TO "CONSERVATORSHIP OF MARY A. O'CONNOR Case Number 22STPB05992"
Price History
Date
Event
Price
04/21/23
Listing
$799,000
Condition Rating
Poor
This property, built in 1963, is explicitly described as a 'MAJOR FIXER-UPER' and sold 'AS-IS,' which is strongly supported by the images. The kitchen is essentially gutted, missing most cabinetry, and features an old refrigerator and damaged flooring, rendering it non-functional. The bathroom is also non-functional, with a missing vanity top, old toilet, and damaged walls/flooring. Other areas show old, stained carpets, unkempt landscaping, and general disrepair. The property's condition is so severe that the listing states it 'may not qualify for financing,' indicating significant defects and a need for substantial repairs and rehabilitation to make it livable. While not explicitly 'beyond repair' for demolition, it is certainly unsafe and uncomfortable in its current state, aligning with the 'poor' condition criteria.
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 = 10869, living area = 2100.
Desirable Location: The property is situated in a highly desired Hacienda Heights area, known for its community appeal and potential for appreciation.
Spacious Layout: It offers a good-sized 4 bedrooms and 2 bathrooms within 2100 square feet of living space, providing ample room for a family.
Generous Lot Size: The property boasts a substantial 10,869 sqft lot, offering significant outdoor space for landscaping, expansion, or recreational use.
Mountain Views: The home benefits from desirable mountain views, enhancing its aesthetic appeal and potential resale value.
Investment Opportunity: Described as a 'major fixer-upper' at a 'best price,' it presents a significant value-add opportunity for investors or owner-occupants willing to undertake renovations.
Cons
Major Fixer-Upper & As-Is Condition: The property requires extensive renovations and is sold in 'as-is' condition, indicating substantial immediate investment and potential for unforeseen repair costs.
Financing Challenges: It 'may not qualify for financing,' which severely restricts the buyer pool primarily to cash buyers or those with specialized loan products.
Probate Sale & Overbid Process: The sale is subject to probate court approval and involves an overbid process with a significant initial overbid amount ($911,900.00) and a 10% cashier's check requirement, adding complexity, potential delays, and financial hurdles for prospective buyers.