2506 Corinth Avenue, Los Angeles, California 90064, Los Angeles, 90064 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$1,000,000$996/sqft
Est. Value: $1,033,505
3%
BelowEstimate
2506 Corinth Avenue, Los Angeles, California 90064
2Beds
1Bath
996Sqft
7,503Lot
Price Vs. Estimate
The estimated value ($1,033,505.275) is $33,505.275 (3%) higher than the list price ($1,000,000). This property may be underpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7503, living area = 996.
Top Cons:
Fixer-Upper Condition: The property is explicitly described as a 'fixer upper,' indicating it requires significant renovation, repairs, and capital investment to modernize and improve.
Compared to the nearby listings
Price:$1.00M vs avg $2.13M ($-1,129,000)1%
Size:996 sqft vs avg 1,918 sqft5%
Price/sqft:$1.0K vs avg $1.1K32%
More Insights
Built in 1938 (88 years old).
Condition: Built in 1938 and explicitly described as a 'fixer upper,' this property shows extensive signs of age and deferred maintenance. The kitchen features extremely outdated tile countertops, old cabinets, and appliances, while the bathroom has vintage pink and blue tiles and fixtures, indicating no major renovations in over 50 years. The overall interior is worn, with old flooring and paint. The property's condition, combined with its age, suggests that its primary value lies in the land and its potential for redevelopment or a complete rebuild, aligning with the 'tear-down' criteria.
Year Built
1938
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$1,004
HOA
-
Days on market
-
Sold On
-
MLS number
26635635
Home ConditionTear down
Features
View
About this home
This fixer upper is a fantastic opportunity on West LA. Centrally located on a great lot, this house is ready to be reimagined. Plenty of room for extension or a nice ADU. Big upside Potential! The seller is motivated!
B
Brandon Hauer
Listing Agent
Condition Rating
Tear down
Built in 1938 and explicitly described as a 'fixer upper,' this property shows extensive signs of age and deferred maintenance. The kitchen features extremely outdated tile countertops, old cabinets, and appliances, while the bathroom has vintage pink and blue tiles and fixtures, indicating no major renovations in over 50 years. The overall interior is worn, with old flooring and paint. The property's condition, combined with its age, suggests that its primary value lies in the land and its potential for redevelopment or a complete rebuild, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7503, living area = 996.
Prime West LA Location: The property is centrally located in the highly desirable West Los Angeles area (MLS Area: WLA - West Los Angeles), offering excellent access to amenities and a strong real estate market.
Significant Development Potential: There is 'Plenty of room for extension or a nice ADU,' providing substantial opportunity to increase living space and property value.
High Upside Investment Potential: Explicitly noted for 'Big upside Potential!', making it an attractive opportunity for investors or buyers looking to build equity through renovation.
Motivated Seller: The seller is motivated, which can lead to more flexible negotiations and a potentially advantageous purchase for the buyer.
Generous Lot Size: A substantial 7503 sqft lot provides ample space for future expansions, landscaping, or the addition of an Accessory Dwelling Unit (ADU).
Cons
Fixer-Upper Condition: The property is explicitly described as a 'fixer upper,' indicating it requires significant renovation, repairs, and capital investment to modernize and improve.
Older Construction: Built in 1938, the home likely features outdated systems, infrastructure, and finishes that will require comprehensive upgrades to meet current standards and preferences.
Limited Current Living Space & Bathrooms: With only 996 sqft, 2 bedrooms, and 1 bathroom, the current layout is relatively small and may not accommodate larger families or modern living expectations without significant expansion.