322 N Avenue 56, Los Angeles, California 90042, Los Angeles, 90042 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$650,000
322 N Avenue 56, Los Angeles, California 90042
2Beds
1Bath
936Sqft
4,352Lot
Price Vs. Estimate
The estimated value ($690,684.71) is $40,684.71 (6%) higher than the list price ($650,000). This property may be underpriced.
Key pros and cons
Top Pros:
Prime Highland Park Location: Located moments from the vibrant Figueroa corridor, York Blvd, local coffee shops, parks, eateries, and the Metro Gold Line, offering excellent walkability and connectivity.
Top Cons:
Extensive Renovation Required: The property explicitly needs restoration and a 'personal touch,' implying significant financial and time investment for modernization and repairs beyond the purchase price.
Compared to the nearby listings
Price:$650.0K vs avg $1.23M ($-577,500)3%
Size:936 sqft vs avg 1,286.5 sqft14%
Price/sqft:$694 vs avg $92115%
More Insights
Built in 1914 (111 years old).
Condition: Built in 1914 and on the market for the first time in 50 years, this property explicitly requires 'extensive renovation' and 'age-related maintenance & system updates' for major components like plumbing, electrical, and HVAC. The images confirm a highly dated interior with worn green carpets, an old-fashioned bathroom vanity, and outdated fixtures. While the description suggests restoration potential, the current condition necessitates substantial repairs and rehabilitation to meet modern living standards, making it very uncomfortable in its present state.
Year Built
1914
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$694
HOA
-
Days on market
-
Sold On
-
MLS number
OC25267953
Home ConditionPoor
Features
Good View: Neighborhood
Patio
ViewNeighborhood
About this home
First time on the market in 50 years! This classic Highland Park home is filled with original character and timeless details, offering a rare opportunity for buyers, investors, or anyone looking to restore a vintage property with their own personal touch. Outside, the property features a detached garage, gated driveway, and a private rear yard with mature vines and ample room for outdoor projects, gardening, or expansion. The lot provides an excellent canvas for those looking to create their ideal outdoor space. Located just moments from the vibrant Figueroa corridor, York Blvd, local coffee shops, parks, eateries, and the Metro Gold Line, this home combines convenience with endless potential.
Condition Rating
Poor
Built in 1914 and on the market for the first time in 50 years, this property explicitly requires 'extensive renovation' and 'age-related maintenance & system updates' for major components like plumbing, electrical, and HVAC. The images confirm a highly dated interior with worn green carpets, an old-fashioned bathroom vanity, and outdated fixtures. While the description suggests restoration potential, the current condition necessitates substantial repairs and rehabilitation to meet modern living standards, making it very uncomfortable in its present state.
Pros & Cons
Pros
Prime Highland Park Location: Located moments from the vibrant Figueroa corridor, York Blvd, local coffee shops, parks, eateries, and the Metro Gold Line, offering excellent walkability and connectivity.
Significant Renovation & Investment Potential: Described as a 'rare opportunity for buyers, investors, or anyone looking to restore a vintage property,' indicating strong upside for value addition and customization.
Original Character & Vintage Appeal: The home is 'filled with original character and timeless details,' appealing to buyers seeking historical charm and unique aesthetics.
Generous Outdoor Space & Practical Amenities: Features a private rear yard with mature vines and ample room for outdoor projects, gardening, or expansion, complemented by a detached garage and gated driveway.
Rare Market Opportunity: Being 'First time on the market in 50 years' suggests a unique offering in a sought-after area, often indicating a stable asset with long-term ownership.
Cons
Extensive Renovation Required: The property explicitly needs restoration and a 'personal touch,' implying significant financial and time investment for modernization and repairs beyond the purchase price.
Limited Interior Square Footage: With only 936 sqft, the interior living area is relatively small for a single-family home, which may not suit all buyer needs or family sizes.
Age-Related Maintenance & System Updates: Built in 1914, the property is likely to require updates to major systems (e.g., plumbing, electrical, HVAC) and general maintenance typical of a century-old home.