247 E 97th, Los Angeles, California 90003, Los Angeles, 90003 - 5 bed, 2 bath
ACTIVE$549,000$852/sqft
Est. Value: $549,000
%
FairlyEstimate
247 E 97th, Los Angeles, California 90003
5Beds
2Baths
852Sqft
5,513Lot
Price Vs. Estimate
The estimated value ($549,000) is $0 (0%) lower than the list price ($549,000). This property may be overpriced.
Key pros and cons
Top Pros:
Flexible Living Space: The garage has been converted into an additional room and bathroom, providing versatile space perfect for extended family, guests, or potential rental income (ADU potential).
Top Cons:
Age of Property: Built in 1924, the home is nearly a century old, which may imply the need for significant updates to systems, infrastructure, or aesthetics to meet modern standards.
Compared to the nearby listings
Price:$549.0K vs avg $602.5K ($-53,500)33%
Size:852 sqft vs avg 1,111 sqft17%
Price/sqft:$644 vs avg $50374%
More Insights
Built in 1924 (102 years old).
Condition: Built in 1924, this property is 100 years old. While some areas, particularly the converted garage unit, show more recent updates with gray cabinets and tiled floors, the main house kitchen features dated maroon cabinets and blue countertops, and the main bathroom is functional but basic. Popcorn ceilings and window AC units are visible, indicating older systems and aesthetics. The property is livable but shows its age and would require significant updates to meet modern standards, aligning with the 'Fair' condition criteria.
Year Built
1924
Close
-
List price
$549K
Original List price
$549K
Price/Sqft
$644
HOA
-
Days on market
-
Sold On
-
MLS number
PW25240195
Home ConditionFair
Features
Patio
View-
About this home
Welcome to this charming 4-bedroom, 1-bath home with a garage converted into an 1 room and 1 bathroom, perfect for extended family or guests. Situated on a large R2-zoned lot, this property offers incredible potential to expand or Enjoy plenty of outdoor space for entertaining or future development. Conveniently located near schools, shops, and major freeways, this home combines comfort, functionality, and investment opportunity
N
Noe Ramirez
Listing Agent
Price History
Date
Event
Price
12/29/97
Sold
$134,000
07/18/94
Sold
$119,500
Condition Rating
Fair
Built in 1924, this property is 100 years old. While some areas, particularly the converted garage unit, show more recent updates with gray cabinets and tiled floors, the main house kitchen features dated maroon cabinets and blue countertops, and the main bathroom is functional but basic. Popcorn ceilings and window AC units are visible, indicating older systems and aesthetics. The property is livable but shows its age and would require significant updates to meet modern standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Flexible Living Space: The garage has been converted into an additional room and bathroom, providing versatile space perfect for extended family, guests, or potential rental income (ADU potential).
Development Potential (R2 Zoning): Situated on a large R2-zoned lot, this property offers significant potential for expansion, adding another unit, or future development, enhancing its long-term value.
Ample Outdoor Space: The property boasts plenty of outdoor space, ideal for entertaining, gardening, or creating a private recreational area.
Convenient Location: Strategically located near schools, shops, and major freeways, offering excellent accessibility and daily convenience for residents.
Investment Opportunity: Combining R2 zoning, expansion potential, and flexible living arrangements, this property presents a compelling investment opportunity in the Los Angeles market.
Cons
Age of Property: Built in 1924, the home is nearly a century old, which may imply the need for significant updates to systems, infrastructure, or aesthetics to meet modern standards.
Compact Main House Square Footage: With only 852 sqft for the main 4-bedroom house, the living spaces are likely quite compact, which might be a limitation for buyers seeking more spacious interiors.
Lack of Desirable Views: The property explicitly states 'view: None', which could be a drawback for buyers who prioritize scenic outlooks or panoramic vistas.