1948 Monon, Los Angeles, California 90027, Los Angeles, 90027 - 2 bed, 1 bath

1948 Monon, Los Angeles, California 90027 home-pic-0
ACTIVE$999,000$1,402/sqft
Est. Value: $1,052,762
5%
BelowEstimate
1948 Monon, Los Angeles, California 90027
2Beds
1Bath
1,402Sqft
6,825Lot

Price Vs. Estimate

The estimated value ($1,052,762.325) is $53,762.325 (5%) higher than the list price ($999,000). This property may be underpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Top Cons:
Outdated Interior Finishes: The kitchen, with its wood cabinetry, tiled countertops, and built-in banquette, along with only one bathroom for a two-bedroom home, suggests a need for significant modernization to meet contemporary buyer expectations.

Compared to the nearby listings

Price:$999.0K vs avg $2.27M ($-1,276,000)5%
Size:1,402 sqft vs avg 2,417 sqft12%
Price/sqft:$713 vs avg $97811%

More Insights

Built in 1941 (85 years old).
Condition: Built in 1941, this property features significantly outdated and worn interiors, particularly in the kitchen and bathrooms. The kitchen has original-style wood cabinetry, tiled countertops, and a dated built-in banquette, while the bathrooms exhibit very old pink and blue tiling, fixtures, and wallpaper, indicating no major renovations in several decades. Hardwood floors are present but show considerable wear. The presence of wall heaters and the 'as-is' sale condition, coupled with the listing's own admission of 'older home systems' and 'outdated interior finishes,' suggest the property requires substantial rehabilitation to meet modern living standards, rather than just minor updates.
Year Built
1941
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$713
HOA
-
Days on market
-
Sold On
-
MLS number
AR26012245
Home ConditionPoor
Features
Patio
View-

About this home

This one-story single-family home sits in the desirable Los Feliz neighborhood of Los Angeles. The property features an irregular lot configuration with defined front, side, and backyard areas, offering multiple outdoor spaces for everyday use and privacy. A vibrant front yard creates a welcoming entry and leads to a lovely porch. The home also provides access to top-rated schools. Ideally located near schools, restaurants, shops, supermarkets, cinemas, and a golf course, the property also offers convenient access to several notable landmarks, including Dodger Stadium, Lincoln Park, Griffith Observatory, Griffith Park, and The Greek Theatre. The spacious living room features a fireplace, hardwood flooring, and plenty of windows that illuminate the interior with abundant natural light. The kitchen includes an eat-in area with a built-in curved banquette, wood cabinetry, tiled countertops, and tile flooring. The formal dining room features a chandelier and wood paneling, ideal for gatherings. The large side yard and backyard provide additional outdoor space suitable for a variety of uses, offering a comfortable setting for activities and leisure time. These areas are well suited for everyday enjoyment as well as future improvements and enhancements. The property requires minor renovation and is offered in its current as-is condition, offering an opportunity to revitalize the space and make it your own.

J
Jerry Sun
Listing Agent

Nearby schools

8/10
Franklin Avenue Elementary School
Public,K-60.4mi
9/10
Ivanhoe Elementary School
Public,K-50.7mi
7/10
Los Feliz STEMM Magnet
Public,K-60.9mi
/10
Lexington Avenue Primary Center
Public,K-21.1mi
5/10
Micheltorena Street Elementary School
Public,K-51.3mi
4/10
Lockwood Avenue Elementary School
Public,K-61.3mi
4/10
Grant Elementary School
Public,K-62.0mi
6/10
Cheremoya Avenue Elementary School
Public,K-62.4mi
6/10
Thomas Starr King Middle School
Public,6-80.8mi
3/10
Joseph Le Conte Middle School
Public,6-82.4mi
8/10
John Marshall Senior High School
Public,9-120.1mi
6/10
Hollywood Senior High School
Public,9-123.5mi
Condition Rating
Poor

Built in 1941, this property features significantly outdated and worn interiors, particularly in the kitchen and bathrooms. The kitchen has original-style wood cabinetry, tiled countertops, and a dated built-in banquette, while the bathrooms exhibit very old pink and blue tiling, fixtures, and wallpaper, indicating no major renovations in several decades. Hardwood floors are present but show considerable wear. The presence of wall heaters and the 'as-is' sale condition, coupled with the listing's own admission of 'older home systems' and 'outdated interior finishes,' suggest the property requires substantial rehabilitation to meet modern living standards, rather than just minor updates.
Pros & Cons

Pros

Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Prime Los Feliz Location: Situated in the highly desirable Los Feliz neighborhood, offering convenient access to a wealth of amenities including restaurants, shops, supermarkets, cinemas, a golf course, and iconic landmarks like Griffith Park and Dodger Stadium.
Excellent School Access: The property benefits from proximity to multiple top-rated public schools, including Ivanhoe Elementary (9/10) and John Marshall Senior High (8/10), making it highly attractive for families.
Generous & Versatile Outdoor Space: Features an irregular lot with distinct front, side, and backyard areas, providing ample private outdoor living space for everyday enjoyment and significant potential for future landscaping or expansion.
Classic Architectural Charm: Retains original character with a welcoming front yard and porch, a spacious living room featuring a fireplace, hardwood flooring, and abundant natural light, offering a charming foundation.
Significant Value-Add Potential: Offered 'as-is' and requiring minor renovation, this property presents a clear opportunity for buyers to customize, modernize, and significantly increase its market value.

Cons

Outdated Interior Finishes: The kitchen, with its wood cabinetry, tiled countertops, and built-in banquette, along with only one bathroom for a two-bedroom home, suggests a need for significant modernization to meet contemporary buyer expectations.
Required Renovation & As-Is Sale: The property is explicitly noted as needing 'minor renovation' and being sold in 'as-is' condition, implying immediate and potentially substantial capital expenditure for the buyer post-purchase.
Older Home Systems: Built in 1941, the property likely has original or older infrastructure (e.g., plumbing, electrical, and no mention of a central cooling system), which could lead to unforeseen maintenance or upgrade costs.
Browse Properties by State Browse housing market trends by state