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3130 Hutchison Avenue, Los Angeles, California 90034, Los Angeles, 90034 - 4 bed, 3 bath

3130 Hutchison Avenue, Los Angeles, California 90034 home-pic-0
ACTIVE$1,865,000
3130 Hutchison Avenue, Los Angeles, California 90034
4Beds
3Baths
2,239Sqft
5,042Lot
Year Built
1926
Close
-
List price
$1.86M
Original List price
$2.08M
Price/Sqft
$833
HOA
-
Days on market
-
Sold On
-
MLS number
25500939
Home ConditionFair
Features
View-

About this home

Possibly Over-Priced:The estimated price is 25% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.86M(59th), sqft - 2239(65th), beds - 4(62th), baths - 3(54th).

First Time on the Market Since 2003 A Rare Opportunity!Charming Spanish-Style Front Unit with Modern Back Unit!This unique property features a charming 3-bedroom, 2-bathroom Spanish-style front unit with 1,166 sqft of classic character, including arched doorways and terracotta tiles. The back unit offers a sleek, modern design with 1 bedroom, 1 bathroom, and 1,073 sqft of versatile space, perfect for guests or rental income.Located near local shops, restaurants, and amenities, this home offers the perfect blend of timeless Spanish charm and modern convenience. Front unit is tenant-occupied.(Month to month) Back unit is vacant.

Price History

Date
Event
Price
09/30/03
Sold
$450,000
Condition Rating
Fair
The property consists of two units with differing conditions. The front unit, built in 1926, retains 'classic character' with visible older elements such as the dated bathroom vanity and fixtures, suggesting it has been maintained but not extensively renovated recently. The dining area also appears clean but not modern. While the back unit is described as having a 'sleek, modern design' and images show newer laundry appliances and contemporary windows, the overall property's condition is pulled down by the older, less updated front unit. It requires minor updates, particularly in the front unit's kitchen and bathrooms, to meet current aesthetic standards, aligning with a 'Fair' condition score.
Pros & Cons

Pros

Dual Income Potential: The property features two distinct units (Spanish-style front, modern back), offering significant flexibility for rental income or multi-generational living.
Unique Architectural Charm: The front unit boasts classic Spanish-style character with arched doorways and terracotta tiles, appealing to buyers seeking historical aesthetics.
Modern Secondary Unit: The back unit provides a sleek, modern design, offering contemporary living space or a desirable rental option.
Desirable Location: Situated in Los Angeles, near local shops, restaurants, and amenities, enhancing convenience and lifestyle appeal.
Long-Term Ownership: Being on the market for the first time since 2003 suggests stable ownership and a rare opportunity for buyers.

Cons

Significant Overpricing: The current list price of $1,865,000 is 25% above the estimated property value of $1,392,610, indicating a potential pricing issue that could deter buyers.
Tenant-Occupied Front Unit: The front unit is tenant-occupied on a month-to-month lease, which could complicate immediate owner occupancy or extensive renovations for a new buyer.
Age of Primary Structure: Built in 1926, the Spanish-style front unit may require updates to systems (e.g., plumbing, electrical, HVAC) or maintenance typical of older homes, which are not explicitly mentioned as having been addressed.

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