2000 W 68th Street, Los Angeles, California 90047, Los Angeles, 90047 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$599,000
2000 W 68th Street, Los Angeles, California 90047
3Beds
2Baths
1,537Sqft
5,573Lot
Price Vs. Estimate
The estimated value ($599,000) is $0 (0%) lower than the list price ($599,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Extensive Repair Needs: Requires significant capital investment for repairs, including a new roof, and repairs to the garage and attached living space, indicating substantial deferred maintenance.
Compared to the nearby listings
Price:$599.0K vs avg $720.0K ($-121,000)15%
Size:1,537 sqft vs avg 1,333 sqft71%
Price/sqft:$390 vs avg $53210%
More Insights
Built in 1929 (96 years old).
Condition: Built in 1929, this property requires substantial repairs and rehabilitation. While some positive updates include an updated electrical box, copper plumbing, and one tastefully remodeled bathroom, the listing explicitly states a new roof is required, the kitchen ceiling shows significant water damage/peeling, and the garage and attached living space need repair. The property's condition prevents it from qualifying for regular financing, indicating major defects that affect its immediate livability and soundness, aligning with the 'poor' category.
Year Built
1929
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$390
HOA
-
Days on market
-
Sold On
-
MLS number
25595391
Home ConditionPoor
Features
View-
About this home
INVESTORS THIS IS IT! Spanish-style 3 bedroom, 1 3/4 bath home with over 1,500 sq. ft. on a 5,576 corner lot, offering outstanding potential to add an ADU. A FANTASTIC OPPORTUNITY also exists for an FHA 203K buyer to create their dream home. This property comes WITH BUILT-IN EQUITY. The step-down living room features dramatic high, beamed cathedral-vaulted ceilings and a fireplace. The full bath has been tastefully remodeled. Formal dining room, breakfast area, granite countertops, dishwasher, and laundry area with washer/dryer hookups are all in place. The electrical box has been updated and some pipes under the house have been replaced with copper plumbing. This home has great bones but needs updating. A new roof is required, along with additional repairs. The garage and attached living space area also in need of repair. Due to condition, this property will not qualify for regular financing. Property Sold As-Is.
Nearby schools
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•0.4mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.7mi
3/10
Raymond Avenue Elementary School
Public,•K-5•1.0mi
2/10
Western Avenue Elementary School
Public,•K-5•1.2mi
3/10
Budlong Avenue Elementary School
Public,•K-5•1.2mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.3mi
1/10
Horace Mann Junior High School
Public,•6-8•0.2mi
2/10
John Muir Middle School
Public,•6-8•1.4mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.7mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.6mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.6mi
9/10
Middle College High School
Public,•9-12•5.1mi
Price History
Date
Event
Price
09/23/08
Sold
$350,000
Condition Rating
Poor
Built in 1929, this property requires substantial repairs and rehabilitation. While some positive updates include an updated electrical box, copper plumbing, and one tastefully remodeled bathroom, the listing explicitly states a new roof is required, the kitchen ceiling shows significant water damage/peeling, and the garage and attached living space need repair. The property's condition prevents it from qualifying for regular financing, indicating major defects that affect its immediate livability and soundness, aligning with the 'poor' category.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
ADU Potential: The property offers outstanding potential to add an Accessory Dwelling Unit (ADU), providing a significant value-add opportunity for investors or homeowners.
Built-in Equity & FHA 203K Eligibility: Advertised with 'built-in equity' and eligible for FHA 203K financing, making it an attractive financial opportunity for buyers willing to undertake renovations.
Architectural Character: Features desirable Spanish-style architecture with a step-down living room, dramatic high, beamed cathedral-vaulted ceilings, and a fireplace, adding unique charm.
Essential System Upgrades: Key infrastructure updates include an updated electrical box and replaced copper plumbing under the house, addressing common concerns in older properties.
Corner Lot & Functional Layout: Situated on a desirable 5,576 sq. ft. corner lot with a functional interior layout including a formal dining room, breakfast area, and laundry hookups.
Cons
Extensive Repair Needs: Requires significant capital investment for repairs, including a new roof, and repairs to the garage and attached living space, indicating substantial deferred maintenance.
Limited Financing Options: Due to its condition, the property will not qualify for regular financing, severely limiting the buyer pool to cash offers or specialized FHA 203K loans.
As-Is Sale Condition: The property is sold 'As-Is,' meaning the buyer assumes full responsibility for all current and future repairs, upgrades, and potential unforeseen issues.