227 W 52nd Street, Los Angeles, California 90037, Los Angeles, 90037 - 4 bed, 2 bath
227 W 52nd Street
Los Angeles, California 90037
Property Price
SUMMARY
Analysis of 227 W 52nd Street, Los Angeles, California 90037 reveals a property with a current list price of $500,000, which is 31% above the estimated $341,959 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 227 W 52nd Street Subject | $500,000* List Price | 4 | 2 | 1,500 | $228 | - |
A 417 W 52nd Place Sold | $525,000 | 4 | 2 | 1,696 | $310 | 0.2 mi |
B 227 W 41st Street Sold | $530,000 | 3 | 1 | 1,491 | $355 | 0.9 mi |
C 328 W 45th Street Active | $549,000 List Price | 3 | 2 | 1,476 | $372 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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 The images confirm this, showing severely worn hardwood floors, outdated and dirty kitchen/bathroom fixtures and tiling, old light fixtures, and generally neglected interiors.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.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The property sits on an R2 lot, offering endless potential for expansion or additional units, which can significantly increase its value.
- Architectural Charm
A stunning craftsman-style home boasting timeless craftsmanship and classic built-ins, appealing to buyers who appreciate historical character.
- Spacious Interiors
Features spacious rooms throughout, including a large living room, dining room, and generously sized bedrooms, providing comfort and flexibility.
CONSRISKS & DEFICIENCIES
- Probate Sale Complexity
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.
- Discrepancy in Property Details
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.
- High List Price Relative to Condition
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.
About 227 W 52nd Street
+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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1911
- Lot Size
- 5,372 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 69% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,500 | 1,384 | 55% |
| Lot Size | 5,372 | 5,443 | 45% |
| Price | $500.0K | $650.0K | 7% |
| Price per sq ft | $333 | $464 | 21% |
| Built year | 1911 | 1911 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 396 | 186 | 93% |
Pricing History
No pricing history data available.