227 W 52nd Street, Los Angeles, California 90037, Los Angeles, 90037 - 4 bed, 2 bath
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Los Angeles, California 90037
This Craftsman Fixer-Upper Asset represents a strategic opportunity driven by its R2 Zoning and significant development upside. Listed at $500,000, the property aligns with its $496,642 Fair Market Value, offering a competitive entry point compared to higher-priced area comparables. Currently holding a Poor Condition rating, the residence requires a comprehensive overhaul but retains original architectural details and a detached garage. Located within the Los Angeles Unified School District, this Probate Sale is an ideal acquisition for Fix-and-Flip Investors or Contractors focused on forced appreciation.
Property is extensive renovation needed.
Built in 1911, this property is explicitly marketed as a 'fixer-upper' and 'sold as is, no repairs,' indicating a need for substantial rehabilitation. The images confirm this, showing severely worn hardwood floors, outdated and dirty kitchen/bathroom fixtures and tiling, old light fixtures, and generally neglected interiors. The property requires extensive system replacements and significant cosmetic and functional repairs throughout, aligning with the 'poor' condition criteria.
The property sits on an R2 lot, offering endless potential for expansion or additional units, which can significantly increase its value.
A stunning craftsman-style home boasting timeless craftsmanship and classic built-ins, appealing to buyers who appreciate historical character.
Features spacious rooms throughout, including a large living room, dining room, and generously sized bedrooms, providing comfort and flexibility.
The property is a probate sale requiring court confirmation, sold 'as-is' with no repairs, no blind offers, and involves an overbid process, which can lead to a lengthy and complicated transaction.
There is a significant discrepancy between the MLS listing (4 beds/2 baths) and official property records (2 beds/1 bath), requiring extensive buyer verification and potentially impacting financing.
The list price of $500,000 is substantially higher than the estimated property value of approximately $342,000, especially for an 'as-is' fixer-upper requiring significant investment.
+Before contacting agent,Please read Probate information at the bottom+ Endless potential on an R2 lot. Stunning craftsman-style home this charming 4-bedroom, 2-bathroom home boasts timeless craftsmanship and incredible potential. Property profile shows 2 bedrooms 1 bath. Featuring classic built-ins, an expanded kitchen, and spacious rooms throughout, this property is ready to be transformed into your dream home. The large living room and dining room offer plenty of space for entertaining, while the generously sized bedrooms provide comfort and flexibility. With a detached garage and a sizable yard, the possibilities are endless. A fantastic opportunity for a fixer-upper or flip don't miss your chance to bring this beauty back to life! Broker and agents do not represent or guarantee the accuracy of the square footage, income, expenses,condition, development potential, bedroom/ bathroom count, lot size or lot lines, dimensions, permitted or non-permitted spaces, or school eligibility. Zimas shows home as 2 bed 1 bath. Buyer is advised to independently verify the accuracy of all information with appropriate professionals. There are no warranties or guarantees, buyer to rely solely on his/her/their own findings. Probate, court confirmation required. Property sold as is, no repairs, and no BLIND OFFERS will be accepted. ***FINAL SHOWING 5/2/25** PROBATE COURT DATE 5/8/25, 8:30AM- 111 N. HILL St Dept 62, Los Angeles 90012 , FIRST OVERBID AMOUNT IS $579,625.- Hearing continued, will be rescheduled.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 72% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,500 | 1,300.5 | 59% |
| Lot Size | 5,372 | 5,365.5 | 50% |
| Price | $500.0K | $647.5K | 6% |
| Price per sq ft | $333 | $475 | 13% |
| Built year | 1911 | 1911 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 443 | 190 | 94% |
No pricing history data available.