2128 N Marianna Avenue, Los Angeles, California 90032, Los Angeles, 90032 - 2 bed, 1 bath
ACTIVE$445,000$1,065/sqft
Est. Value: $443,310
%
FairlyEstimate
2128 N Marianna Avenue, Los Angeles, California 90032
2Beds
1Bath
1,065Sqft
4,754Lot
Price Vs. Estimate
The estimated value ($443,309.81) is $1,690.19 (0%) lower than the list price ($445,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Potential: Described as a 'diamond in the rough' with significant appreciation potential for a savvy investor willing to undertake transformation.
Top Cons:
Renovation Required: The property is explicitly presented as needing transformation, implying significant renovation and financial investment to unlock its full potential.
Compared to the nearby listings
Price:$445.0K vs avg $860.0K ($-415,000)2%
Size:1,065 sqft vs avg 1,258 sqft29%
Price/sqft:$418 vs avg $6745%
More Insights
Built in 1929 (97 years old).
Condition: Built in 1929, this property is in an extremely dilapidated state, requiring substantial repairs and rehabilitation throughout. The images reveal severe neglect, including extensive peeling paint on the exterior and interior, heavily damaged and outdated flooring, and significant deterioration in the kitchen and bathroom. The kitchen is missing cabinet doors, has damaged countertops, and shows clear signs of water damage under the sink, with no visible modern appliances. The bathroom features a stained, old bathtub, a basic and damaged vanity, and cracked, dirty floor tiles. Ceilings have holes, and exposed wiring is visible in multiple areas, including the crawl space. The presence of window AC units suggests a lack of central cooling/heating. While the listing describes it as a 'diamond in the rough' with 'potential for transformation,' implying the structure might be salvageable, its current condition is unlivable and necessitates a complete gut renovation, including major system replacements (plumbing, electrical, HVAC) and likely structural repairs, aligning with the 'poor' classification.
Year Built
1929
Close
-
List price
$445K
Original List price
$515K
Price/Sqft
$418
HOA
-
Days on market
-
Sold On
-
MLS number
MB25157997
Home ConditionPoor
Features
Deck
View-
About this home
Don't miss this incredible opportunity to transform a diamond in the rough into a sparkling gem. Located in a Highly sought after area near University Hills of Cal State University Los Angeles, this probate property is brimming with potential for the savvy investor. This Spanish Style Spacious home features two bedrooms, one bathroom, a large living room, and a formal dining room, perfect for entertaining. The spacious kitchen includes a charming kitchen nook ideal for casual meals. Situated on a gradual slope, the backyard offers ample room for creating your special outdoor gathering space or expanding the existing footprint. With the right vision and a strategic plan, this property is poised for significant appreciation.
J
JORGE AMEZCUA
Listing Agent
Condition Rating
Poor
Built in 1929, this property is in an extremely dilapidated state, requiring substantial repairs and rehabilitation throughout. The images reveal severe neglect, including extensive peeling paint on the exterior and interior, heavily damaged and outdated flooring, and significant deterioration in the kitchen and bathroom. The kitchen is missing cabinet doors, has damaged countertops, and shows clear signs of water damage under the sink, with no visible modern appliances. The bathroom features a stained, old bathtub, a basic and damaged vanity, and cracked, dirty floor tiles. Ceilings have holes, and exposed wiring is visible in multiple areas, including the crawl space. The presence of window AC units suggests a lack of central cooling/heating. While the listing describes it as a 'diamond in the rough' with 'potential for transformation,' implying the structure might be salvageable, its current condition is unlivable and necessitates a complete gut renovation, including major system replacements (plumbing, electrical, HVAC) and likely structural repairs, aligning with the 'poor' classification.
Pros & Cons
Pros
Investment Potential: Described as a 'diamond in the rough' with significant appreciation potential for a savvy investor willing to undertake transformation.
Desirable Location: Situated in a highly sought-after area near University Hills of Cal State University Los Angeles, enhancing its appeal and potential for rental or resale.
Architectural Charm: Features a Spanish Style design, offering a classic aesthetic that is often desirable in the Southern California market.
Outdoor Space Potential: The gradual slope backyard provides ample room for creating a special outdoor gathering space or expanding the existing footprint.
Price Adjustment: Multiple price reductions from the original list price indicate a motivated seller and potentially a more attractive entry point for buyers.
Cons
Renovation Required: The property is explicitly presented as needing transformation, implying significant renovation and financial investment to unlock its full potential.
Age of Property: Built in 1929, the home likely features older systems and may require substantial updates to plumbing, electrical, and other infrastructure to meet modern standards.
Probate Sale Implications: As a probate property, it may involve specific legal processes, potentially longer closing periods, and is typically sold in 'as-is' condition without seller-funded repairs.