220 W 101st Street, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 2 bath
ACTIVE$500,000
220 W 101st Street, Los Angeles, California 90003
2Beds
2Baths
796Sqft
4,054Lot
Year Built
1924
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$628
HOA
-
Days on market
-
Sold On
-
MLS number
CV25103036
Home ConditionPoor
Features
View-
About this home
Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $500.0K(33th), sqft - 796(14th), beds - 2(41th), baths - 2(50th).
WELCOME TO THIS GOOD STARTER HOME 2BEDROOM/ 1 BATHCENTRALLY LOCATED IN THE LOS ANGELES AREA. IT HAS A GOOD POTENTIAL FOR AN ADDITIONAL DWELLING UNIT..
Price History
Date
Event
Price
05/08/25
Listing
$500,000
06/14/11
Sold
$115,000
04/20/06
Sold
$385,000
09/05/00
Sold
$103,000
Condition Rating
Poor
This property was built in 1924, making it 100 years old. The single provided image, an exterior shot, reveals a neglected appearance with faded paint, an unkempt front yard, an old fence, and visible clutter. Without any interior images, particularly of the kitchen and bathrooms, it's impossible to assess their specific condition. However, given the age of the home and the visible deferred maintenance on the exterior, it is highly probable that the interior, including major systems, kitchen, and bathrooms, would be significantly outdated and require substantial repairs and rehabilitation to meet current standards and comfort. The property likely needs significant investment beyond minor updates.
Pros & Cons
Pros
ADU Potential: The property description explicitly highlights 'GOOD POTENTIAL FOR AN ADDITIONAL DWELLING UNIT,' which is a significant value-add in the Los Angeles market, supported by the decent lot size of 4054 sqft.
Central Location: Described as 'CENTRALLY LOCATED IN THE LOS ANGELES AREA,' offering convenient access to amenities, transportation, and employment centers.
Affordable Entry Point: With a list price of $500,000, this property presents a relatively accessible opportunity for a single-family home in the competitive Los Angeles real estate market, appealing to first-time buyers.
Generous Lot Size: The 4054 sqft lot provides ample outdoor space, potential for landscaping, expansion, or the aforementioned ADU, enhancing its long-term value.
Two Full Bathrooms: The property features 2 bathrooms for 2 bedrooms, which is a favorable ratio and a strong amenity for a home of this size, enhancing comfort and functionality.
Cons
Compact Interior Space: At 796 sqft, the interior living space is quite small for a 2-bedroom home, which may limit appeal for buyers seeking more spacious accommodations.
Age and Potential for Updates: Built in 1924, the property is nearly a century old, suggesting it may require significant updates to systems, finishes, and overall condition to meet modern standards and preferences.
Listing Price Above Estimated Value: The current list price of $500,000 is slightly above the property's estimated market value of $481,933.72, which could impact buyer perception and negotiation leverage.