2633 Medlow Avenue, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$730,000
2633 Medlow Avenue, Los Angeles, California 90065
2Beds
1Bath
768Sqft
7,620Lot
Price Vs. Estimate
The estimated value ($653,651.465) is $76,348.535 (10%) lower than the list price ($730,000). This property may be overpriced.
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 = 7620, living area = 768.
Top Cons:
Extensive Renovation Required: Explicitly stated as a 'fixer-upper' and sold 'as-is condition. No contingencies. No repairs, no termite or retrofitting,' implying substantial immediate investment for repairs and upgrades.
Compared to the nearby listings
Price:$730.0K vs avg $1.24M ($-511,405)7%
Size:768 sqft vs avg 1,519 sqft7%
Price/sqft:$951 vs avg $81671%
More Insights
Built in 1948 (77 years old).
Condition: The property, built in 1948, is explicitly described as a 'fixer-upper' and is being sold 'as-is condition. No contingencies. No repairs, no termite or retrofitting.' This indicates a need for substantial repairs and rehabilitation, including potential issues with structural integrity or safety (implied by 'no termite or retrofitting'). While the single exterior image doesn't show interior conditions, the overall description strongly suggests that major components, including the kitchen and bathroom, are likely in original or very poor condition and require extensive renovation. It is not considered a 'tear-down' as the description mentions 'tremendous potential' for additions to the main house, implying the structure is salvageable, but it is far from move-in ready.
Year Built
1948
Close
-
List price
$730K
Original List price
$730K
Price/Sqft
$951
HOA
-
Days on market
-
Sold On
-
MLS number
24397831
Home ConditionPoor
Features
Good View: Hills, Peek-A-Boo
ViewHills, Peek-A-Boo
About this home
Amazing opportunity on the market for the first time in one of LA's hottest neighborhoods. Tucked away down a private driveway and hidden from the street, this charming fixer-upper in the hills of Glassell Park truly is a diamond in the rough with tremendous potential. You will enjoy Peek-A-Boo views from both levels and a large 7618 sq ft lot which offers endless options for additions on the main house, an ADU, etc. The 2 car garage has a workspace down stairs and offers more creative options. Property is sold as-is condition. No contingencies. No repairs, no termite or retrofitting.
Condition Rating
Poor
The property, built in 1948, is explicitly described as a 'fixer-upper' and is being sold 'as-is condition. No contingencies. No repairs, no termite or retrofitting.' This indicates a need for substantial repairs and rehabilitation, including potential issues with structural integrity or safety (implied by 'no termite or retrofitting'). While the single exterior image doesn't show interior conditions, the overall description strongly suggests that major components, including the kitchen and bathroom, are likely in original or very poor condition and require extensive renovation. It is not considered a 'tear-down' as the description mentions 'tremendous potential' for additions to the main house, implying the structure is salvageable, but it is far from move-in ready.
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 = 7620, living area = 768.
Prime Location: Situated in Glassell Park, described as 'one of LA's hottest neighborhoods,' offering strong market appeal and potential for appreciation.
Significant Development Potential: A large 7,618 sq ft lot provides ample space for additions to the main house or the construction of an Accessory Dwelling Unit (ADU), enhancing future value.
Scenic Views: The property offers 'Peek-A-Boo views from both levels' and hills views, adding to its aesthetic appeal and desirability.
Enhanced Privacy: Benefits from being 'tucked away down a private driveway and hidden from the street,' offering a secluded and quiet living environment.
Rare Market Opportunity: Described as 'on the market for the first time' and a 'diamond in the rough,' indicating a unique investment or customization opportunity for the right buyer.
Cons
Extensive Renovation Required: Explicitly stated as a 'fixer-upper' and sold 'as-is condition. No contingencies. No repairs, no termite or retrofitting,' implying substantial immediate investment for repairs and upgrades.
Limited Living Space: With only 768 sqft, the current living area is relatively small for a 2-bedroom home, which may not suit all buyer needs without significant expansion.
Above Market Price: The listing price of $730,000 is 10% higher than the estimated property value of $653,651, potentially making it less competitive given its 'as-is' condition and required renovations.