332 E 79th Street, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$549,999$1,008/sqft
Est. Value: $532,773
-3%
AboveEstimate
332 E 79th Street, Los Angeles, California 90003
2Beds
1Bath
1,008Sqft
5,505Lot
Price Vs. Estimate
The estimated value ($532,773.325) is $17,225.675 (3%) lower than the list price ($549,999). This property may be overpriced.
Key pros and cons
Top Pros:
Strategic Location: The property boasts a highly convenient location, situated close to shops, public transportation, and major freeways, enhancing daily accessibility for residents.
Top Cons:
Age of Property: Built in 1934, the home's age may suggest the presence of older systems (plumbing, electrical) and could lead to higher maintenance requirements or the need for significant updates in the future.
Compared to the nearby listings
Price:$550.0K vs avg $602.5K ($-52,501)33%
Size:1,008 sqft vs avg 1,111 sqft40%
Price/sqft:$546 vs avg $50364%
More Insights
Built in 1934 (92 years old).
Condition: Built in 1934, this property is very old, suggesting underlying systems (electrical, plumbing, HVAC) are likely original or significantly outdated. While cosmetically refreshed with paint and some newer flooring, the kitchen features dated granite countertops and notably lacks visible appliances, rendering it not fully functional. The bathroom has a newer vanity but an older, dated tub surround. Heating is via a wall heater, indicating a lack of central HVAC. The property requires substantial repairs and rehabilitation to major systems and key functional areas to meet modern living standards, despite being described as 'move-in ready'.
Year Built
1934
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$546
HOA
-
Days on market
-
Sold On
-
MLS number
RS25279723
Home ConditionPoor
Features
Patio
View-
About this home
Great opportunity to own this 2 bedroom, 1.5 bath home. The property holds so much potential! This property is move in ready. Located close to shops, transportation, and major freeways.
J
Jasmin Duran
Listing Agent
Condition Rating
Poor
Built in 1934, this property is very old, suggesting underlying systems (electrical, plumbing, HVAC) are likely original or significantly outdated. While cosmetically refreshed with paint and some newer flooring, the kitchen features dated granite countertops and notably lacks visible appliances, rendering it not fully functional. The bathroom has a newer vanity but an older, dated tub surround. Heating is via a wall heater, indicating a lack of central HVAC. The property requires substantial repairs and rehabilitation to major systems and key functional areas to meet modern living standards, despite being described as 'move-in ready'.
Pros & Cons
Pros
Strategic Location: The property boasts a highly convenient location, situated close to shops, public transportation, and major freeways, enhancing daily accessibility for residents.
Move-in Ready: Described as 'move-in ready,' the home allows for immediate occupancy, saving buyers the time and expense of initial renovations.
Investment Potential: The property is highlighted as holding 'so much potential,' indicating opportunities for future value appreciation through customization, upgrades, or expansion.
Accessible Price Point: With a list price of $549,999, this property offers a relatively accessible entry point into the competitive Los Angeles real estate market for a single-family home.
Generous Lot Size: The 5,505 sqft lot provides ample outdoor space, offering possibilities for landscaping, entertaining, or potential future expansion like an Accessory Dwelling Unit (ADU).
Cons
Age of Property: Built in 1934, the home's age may suggest the presence of older systems (plumbing, electrical) and could lead to higher maintenance requirements or the need for significant updates in the future.
Limited Bedroom/Bathroom Count: With only 2 bedrooms and 1.5 bathrooms, the property offers a smaller living footprint, which may not cater to larger families or those desiring more extensive living and private spaces.
Lack of Modern Updates: While 'move-in ready,' the emphasis on 'potential' and the absence of specific details regarding recent renovations suggest the property may lack modern amenities or contemporary aesthetic updates, potentially requiring further investment to meet current buyer preferences.