331 E 119th Street, Los Angeles, California 90061, Los Angeles, 90061 - 4 bed, 2 bath
ACTIVE$650,000
331 E 119th Street, Los Angeles, California 90061
4Beds
2Baths
1,800Sqft
5,666Lot
Price Vs. Estimate
The estimated value ($627,944.8) is $22,055.2 (3%) lower than the list price ($650,000). This property may be overpriced.
Key pros and cons
Top Pros:
Multi-Unit Property / Income Potential: This 'two-on-a-lot' property features a charming 2BR/1BA front house and a separate 2BR/1BA converted garage unit, offering significant rental income potential or flexible multi-generational living arrangements.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1800, other record living area = 860. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Compared to the nearby listings
Price:$650.0K vs avg $650.0K (+$0)50%
Size:1,800 sqft vs avg 1,052 sqft91%
Price/sqft:$361 vs avg $60013%
More Insights
Built in 1949 (76 years old).
Condition: Built in 1949, this property is 75 years old and shows significant signs of age and deferred maintenance. Both kitchens are extremely dated with old cabinets, laminate countertops, and outdated appliances/fixtures, requiring full renovation. The visible bathroom features very dated pink tiles, indicating it's likely original or from a very early renovation. Flooring includes original hardwood in the living area (a positive), but also worn, dated carpet in bedrooms and dated tile throughout the rear unit. Heating is via wall heaters, with no central HVAC. The rear unit is a converted garage with explicit mention of 'BUYER TO VERIFY ALL PERMITS AND PROPERTY INFORMATION,' indicating potential unpermitted work and significant legal/structural issues. As a 'Trust sale,' it's sold 'as-is,' placing the burden of substantial repairs and rehabilitation on the buyer. The overall condition suggests major components and systems are well past their expected lifespan and will require significant investment to meet current standards for safety, comfort, and functionality.
Year Built
1949
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$361
HOA
-
Days on market
-
Sold On
-
MLS number
25600861
Home ConditionPoor
Features
Patio
View
About this home
Welcome to this two-on-a-lot property in Los Angeles! Front house is a charming 2BR, 1BA. Located on a spacious 5,666 sq ft lot, this ~860SF home features original hardwood floors and natural light throughout. The rear unit is a converted garage into separate living space, 2BR, 1BA, ~940SF. BUYER TO VERIFY ALL PERMITS AND PROPERTY INFORMATION. Could be ADU or guest suite. Ample backyard, covered patio, room to entertain, garden or expand. Ideal for investors or anyone needing extra space. Trust sale. Centrally located near the 105 & 110, restaurants, grocery, and nearby parks. Don't miss this opportunity to live in and invest in Los Angeles.
Condition Rating
Poor
Built in 1949, this property is 75 years old and shows significant signs of age and deferred maintenance. Both kitchens are extremely dated with old cabinets, laminate countertops, and outdated appliances/fixtures, requiring full renovation. The visible bathroom features very dated pink tiles, indicating it's likely original or from a very early renovation. Flooring includes original hardwood in the living area (a positive), but also worn, dated carpet in bedrooms and dated tile throughout the rear unit. Heating is via wall heaters, with no central HVAC. The rear unit is a converted garage with explicit mention of 'BUYER TO VERIFY ALL PERMITS AND PROPERTY INFORMATION,' indicating potential unpermitted work and significant legal/structural issues. As a 'Trust sale,' it's sold 'as-is,' placing the burden of substantial repairs and rehabilitation on the buyer. The overall condition suggests major components and systems are well past their expected lifespan and will require significant investment to meet current standards for safety, comfort, and functionality.
Pros & Cons
Pros
Multi-Unit Property / Income Potential: This 'two-on-a-lot' property features a charming 2BR/1BA front house and a separate 2BR/1BA converted garage unit, offering significant rental income potential or flexible multi-generational living arrangements.
Generous Lot Size & Outdoor Space: Situated on a spacious 5,666 sq ft lot, the property boasts an ample backyard with a covered patio, providing excellent opportunities for entertaining, gardening, or future expansion.
Prime Central Location: Centrally located in Los Angeles with convenient access to major freeways (105 & 110), as well as nearby restaurants, grocery stores, and parks, enhancing its appeal for residents and tenants.
Investment Opportunity: Explicitly marketed as 'ideal for investors' and a 'Trust sale,' this property presents a compelling investment opportunity in the Los Angeles market, particularly with its dual-unit configuration.
Charming Original Features: The front house retains desirable original hardwood floors, adding character and a classic aesthetic that can appeal to buyers seeking historic charm.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1800, other record living area = 860. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Unpermitted Conversion Risk: The rear unit is a converted garage, and the listing explicitly states 'BUYER TO VERIFY ALL PERMITS AND PROPERTY INFORMATION,' indicating potential permit issues or non-conforming status that could require remediation.
Age and Potential for Deferred Maintenance: Built in 1949, the property is 75 years old, suggesting a likelihood of outdated systems (e.g., electrical, plumbing, HVAC) and potential deferred maintenance that may require significant capital investment from the buyer.
Trust Sale Implications: As a 'Trust sale,' the property is typically sold 'as-is' with limited seller disclosures, placing a higher burden on the buyer for thorough due diligence and potentially unforeseen repair costs.