3304 W 63rd Street, Los Angeles, California 90043, Los Angeles, 90043 - 2 bed, 1 bath
ACTIVE$650,000
3304 W 63rd Street, Los Angeles, California 90043
2Beds
1Bath
780Sqft
5,400Lot
Year Built
1922
Close
-
List price
$650K
Original List price
$772K
Price/Sqft
$833
HOA
-
Days on market
-
Sold On
-
MLS number
25511211
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 27% below the list price. We found 3 Cons,6 Pros. Rank: price - $650.0K(15th), sqft - 780(1th), beds - 2(26th), baths - 1(23th).
Great opportunity for home owners, investors & developers! This property has a large lot and is zoned LAR3 (for 3 units). Upgrades include new roof, newer windows and a tankless water heater. Close to Metro K line.
Nearby schools
2/10
Yes Academy
Public,•K-5•0.2mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.6mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.0mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.0mi
4/10
Centinela Elementary School
Public,•K-6•1.0mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.1mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.1mi
3/10
Windsor Hills Math Science
Public,•K-5•1.7mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.7mi
1/10
Horace Mann Junior High School
Public,•6-8•1.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.8mi
2/10
Audubon Middle School
Public,•6-8•1.9mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.5mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.6mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.0mi
2/10
Inglewood High School
Public,•9-12•2.1mi
2/10
George Washington Preparatory High School
Public,•9-12•3.4mi
9/10
Middle College High School
Public,•9-12•6.0mi
Price History
Date
Event
Price
03/12/01
Sold
$105,000
06/03/98
Sold
$120,000
Condition Rating
Poor
Built in 1922, this property is explicitly described as a 'Small & Aging Structure' that 'likely requires extensive renovation or demolition' to capitalize on its development potential. While it benefits from a new roof, newer windows, and a tankless water heater, these are system upgrades and do not constitute a full or recent renovation of the entire property, especially the interior. The lack of interior photos, particularly for the kitchen and bathroom, combined with the general description, strongly suggests these areas are outdated and in need of substantial rehabilitation. The property lacks modern amenities like a cooling system, further indicating a need for significant investment beyond minor repairs.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Development Potential: Zoned LAR3, this property offers significant development potential for up to three units, making it highly attractive to investors and developers.
Generous Lot Size: The large 5400 sqft lot provides ample space for expansion, an Accessory Dwelling Unit (ADU), or multi-unit development, complementing the favorable zoning.
Recent Key Upgrades: The property benefits from a new roof, newer windows, and a tankless water heater, reducing immediate maintenance concerns for a buyer.
Excellent Transit Accessibility: Proximity to the Metro K line enhances convenience for commuters and adds to the property's long-term value and appeal.
Significant Price Adjustment: A substantial reduction from the original list price of $772,000 to $650,000 indicates a more competitive offering and potential for a motivated seller.
Cons
High List Price Relative to Value: The current list price of $650,000 is considerably higher than the property's estimated value of $470,131 and recent comparable sales, suggesting it may be overpriced for its current condition.
Small & Aging Structure: The existing 780 sqft home, built in 1922, is small and likely requires extensive renovation or demolition to fully capitalize on the development potential, adding significant costs.
Lack of Modern Amenities: There is no mention of a cooling system, which is a notable drawback for comfort in the Los Angeles climate and would require additional investment.