1978 S Sherbourne Drive, Los Angeles, California 90034, Los Angeles, 90034 - 3 bed, 3 bath
ACTIVE$1,595,000
1978 S Sherbourne Drive, Los Angeles, California 90034
3Beds
3Baths
1,653Sqft
5,055Lot
Price Vs. Estimate
The estimated value ($1,208,231.03) is $386,768.97 (24%) lower than the list price ($1,595,000). This property may be overpriced.
Key pros and cons
Top Pros:
Development Potential: The LARD2 zoning designation offers significant potential for future development, expansion, or increased density, appealing to investors and developers.
Top Cons:
Significant Overpricing: The current list price is considerably above the property's estimated value and recent comparable sales, indicating it may be overpriced for its current condition and market.
Compared to the nearby listings
Price:$1.59M vs avg $1.62M ($-30,000)45%
Size:1,653 sqft vs avg 1,742 sqft46%
Price/sqft:$965 vs avg $98845%
More Insights
Built in 1938 (87 years old).
Condition: Built in 1938, this home is aged but appears to be maintained. The kitchen features dated white cabinetry, older speckled countertops, and an older white gas range, along with outdated light fixtures. The bathrooms also show signs of age, with one having a partially updated but still dated vanity and tile, and another appearing very basic and largely original. While functional, these areas require significant cosmetic updates to meet modern standards. The property description and AI analysis also highlight a 'Lack of Modern System Updates' (e.g., central AC) and 'Potential for Outdated Interior/Infrastructure', indicating that major components are functional but show signs of being outdated, aligning with the 'Fair' condition.
Year Built
1938
Close
-
List price
$1.59M
Original List price
$1.59M
Price/Sqft
$965
HOA
-
Days on market
-
Sold On
-
MLS number
25504617
Home ConditionFair
Features
Patio
View-
About this home
Welcome to Beverlywood Vicinity, La Cienega Heights. Attention First Time Buyers or Developers and Investors for LARD2 Lot. This affordable westside Traditional home offers 3 bedrooms, 2-1/2 bathrooms in the main house and a detached guest room with bath at the rear. The floor plan offers privacy in between all bedrooms and living space. Private corner Lot with tall hedge surrounds the entire property with 2 large patio areas, one is utilized as BBQ area for dining al fresco or entertaining, and the other separates the main house and the detached guest room with outdoor laundry. Formal living room, dining room, and bonus room, all light and bright. The primary bedroom has its own bath and closet space, plus 2 additional generous size guest bedrooms with bath. Nice open kitchen with quaint breakfast area directly behind formal dining room. 2-car garage with 2 additional side-by-side parking spaces in driveway. This great starter home will not last.
Nearby schools
4/10
Shenandoah Street Elementary School
Public,•K-5•0.2mi
4/10
Mark Twain Middle School and World Languages Magnet
Public,•6-8•4.8mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•0.7mi
Condition Rating
Fair
Built in 1938, this home is aged but appears to be maintained. The kitchen features dated white cabinetry, older speckled countertops, and an older white gas range, along with outdated light fixtures. The bathrooms also show signs of age, with one having a partially updated but still dated vanity and tile, and another appearing very basic and largely original. While functional, these areas require significant cosmetic updates to meet modern standards. The property description and AI analysis also highlight a 'Lack of Modern System Updates' (e.g., central AC) and 'Potential for Outdated Interior/Infrastructure', indicating that major components are functional but show signs of being outdated, aligning with the 'Fair' condition.
Pros & Cons
Pros
Development Potential: The LARD2 zoning designation offers significant potential for future development, expansion, or increased density, appealing to investors and developers.
Detached Guest Room: A detached guest room with a bath provides versatile space for an Accessory Dwelling Unit (ADU), home office, rental income, or multi-generational living, adding considerable value and flexibility.
Private Corner Lot & Outdoor Space: The property boasts a private corner lot with tall hedges for seclusion and two large patio areas, ideal for outdoor entertaining and dining al fresco.
Ample Parking: Offers a 2-car garage plus two additional side-by-side parking spaces in the driveway, a highly desirable amenity in a dense urban environment like Los Angeles.
Desirable Westside Location: Situated in the sought-after Beverlywood Vicinity, providing access to good schools and proximity to key amenities, contributing to strong long-term appreciation and demand.
Cons
Significant Overpricing: The current list price is considerably above the property's estimated value and recent comparable sales, indicating it may be overpriced for its current condition and market.
Lack of Modern System Updates: The description does not mention crucial modern updates like central air conditioning or recent major system overhauls (e.g., electrical, plumbing, roof), which are common in renovated homes of this age and may require future investment.
Potential for Outdated Interior/Infrastructure: Built in 1938, and without explicit mention of comprehensive modern renovations (beyond a 'nice open kitchen'), the property likely retains older infrastructure and interior finishes that may not align with current buyer expectations or could necessitate significant upgrades.