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329 E 109th Street, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 2 bath

329 E 109th Street, Los Angeles, California 90061 home-pic-0
ACTIVE$599,988
329 E 109th Street, Los Angeles, California 90061
3Beds
2Baths
1,142Sqft
5,403Lot

Price Vs. Estimate

The estimated value ($581,257.155) is $18,730.845 (3%) lower than the list price ($599,988). This property may be overpriced.

Key pros and cons

Top Pros:
LAR2 Zoning & Development Potential: The generous 5,403 sq. ft. lot is zoned LAR2, offering fantastic potential for multi-unit or ADU development, significantly enhancing its value for investors or future expansion.
Top Cons:
Age of Property & Potential System Updates: Built in 1970, the property may require updates to major systems such as plumbing, electrical, or roofing, which are not explicitly mentioned as having been recently renovated.

Compared to the nearby listings

Price:$600.0K vs avg $645.0K ($-45,012)35%
Size:1,142 sqft vs avg 1,052 sqft61%
Price/sqft:$525 vs avg $60030%

More Insights

Built in 1970 (55 years old).
Condition: Built in 1970, this property is over 50 years old and shows significant signs of age and deferred maintenance. The kitchen features dated wood cabinets, an old gas range, and linoleum flooring, with the 'granite countertops' being the only mentioned update, which appears to be an older installation. The living areas have worn, dated carpet and popcorn ceilings, with visible water stains or damage on the ceiling in one bedroom. The presence of a wall-mounted AC unit instead of central air is a major system deficiency. The property requires substantial repairs and rehabilitation to bring it to modern living standards.
Year Built
1970
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$525
HOA
-
Days on market
-
Sold On
-
MLS number
PW25196404
Home ConditionPoor
Features
View-

About this home

Welcome to this charming 3 bedroom, 2 bathroom home built in 1970 offering 1,142 sq ft. of comfortable living space on a generous 5,403 sq. ft. Zoned LAR2 lot allowing for fantastic multi-unit or ADU development potential. Inside, you’ll find an open functional layout featuring a spacious living area with ceiling fans, an inside laundry room in the hallway, and a kitchen with granite countertops and gas range. The bedrooms are well-sized, and the primary suite includes its own ¾ bath for added convenience. Outside, the home features a gated driveway leading to a 2-car garage, providing both privacy and ample parking. The backyard offers plenty of potential for outdoor living, gardening, or future expansion thanks to the R2 zoning. This property is a fantastic opportunity for homeowners or investors alike. Centrally located near everything Los Angeles has to offer with great 110 and 105 freeway access. Don’t miss your chance to make it yours!

Price History

Date
Event
Price
04/04/23
Sold
$580,000
Condition Rating
Poor
Built in 1970, this property is over 50 years old and shows significant signs of age and deferred maintenance. The kitchen features dated wood cabinets, an old gas range, and linoleum flooring, with the 'granite countertops' being the only mentioned update, which appears to be an older installation. The living areas have worn, dated carpet and popcorn ceilings, with visible water stains or damage on the ceiling in one bedroom. The presence of a wall-mounted AC unit instead of central air is a major system deficiency. The property requires substantial repairs and rehabilitation to bring it to modern living standards.
Pros & Cons

Pros

LAR2 Zoning & Development Potential: The generous 5,403 sq. ft. lot is zoned LAR2, offering fantastic potential for multi-unit or ADU development, significantly enhancing its value for investors or future expansion.
Strategic Los Angeles Location: Centrally located near various Los Angeles amenities with excellent access to the 110 and 105 freeways, providing convenience for commuting and city access.
Secure & Ample Parking: Features a gated driveway leading to a 2-car garage, ensuring privacy, security, and valuable off-street parking in an urban environment.
Functional Interior Layout: The home boasts an open and functional layout, including a spacious living area with ceiling fans, an inside laundry room, and a primary suite with its own ¾ bath for comfortable living.
Versatile Investment Opportunity: Positioned as a fantastic opportunity for both homeowners and investors, appealing to a broad market due to its development potential and desirable location.

Cons

Age of Property & Potential System Updates: Built in 1970, the property may require updates to major systems such as plumbing, electrical, or roofing, which are not explicitly mentioned as having been recently renovated.
Basic Backyard Condition: The backyard is described as having 'plenty of potential,' implying it is currently undeveloped or basic and would require significant investment to create a finished outdoor living space.
Absence of Central Air Conditioning: While ceiling fans are mentioned, there is no indication of a central air conditioning system, which could be a significant comfort drawback during Los Angeles's warmer months.

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