332 E 79th Street, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
ACTIVE$610,000
332 E 79th Street, Los Angeles, California 90003
2Beds
1Bath
1,008Sqft
5,505Lot
Price Vs. Estimate
The estimated value ($584,131.435) is $25,868.565 (4%) lower than the list price ($610,000). This property may be overpriced.
Key pros and cons
Top Pros:
Desirable Location: Situated in Los Angeles, a highly sought-after metropolitan area, offering strong market demand and potential for appreciation.
Top Cons:
Age and Condition: Built in 1934, the property likely requires substantial updates to systems (e.g., plumbing, electrical) and aesthetics, indicating potential for deferred maintenance.
Compared to the nearby listings
Price:$610.0K vs avg $595.0K (+$15,000)57%
Size:1,008 sqft vs avg 1,096 sqft43%
Price/sqft:$605 vs avg $51669%
More Insights
Built in 1934 (91 years old).
Condition: Built in 1934, this property is significantly aged and requires substantial repairs and rehabilitation. The kitchen features dated white cabinets, older granite-style countertops, and a basic range hood, with no visible modern appliances. The bathroom has an outdated tiled surround and basic fixtures. Heating is provided by a wall heater, indicating a lack of modern central HVAC. The living areas and bedrooms have old carpeting. While the property appears clean, the description explicitly states it's an 'opportunity for investors or buyers looking to customize their dream space' and to 'reimagine this home,' which, combined with the property's age and visible condition of major components, suggests extensive system updates (plumbing, electrical, HVAC) and aesthetic renovations are necessary beyond minor repairs.
Year Built
1934
Close
-
List price
$610K
Original List price
$610K
Price/Sqft
$605
HOA
-
Days on market
-
Sold On
-
MLS number
TR25270297
Home ConditionPoor
Features
View-
About this home
Charming home in Los Angeles. Located north of Manchester and south of Florence, this 2 bedroom, 1.5 bath home offers a great opportunity for investors or buyers looking to customize their dream space. With approximately 1,008 sq ft of living space, the property holds a ton of potential. Situated in a convenient Los Angeles neighborhood close to shops, transportation, and major freeways. Don’t miss the chance to reimagine this home.
Condition Rating
Poor
Built in 1934, this property is significantly aged and requires substantial repairs and rehabilitation. The kitchen features dated white cabinets, older granite-style countertops, and a basic range hood, with no visible modern appliances. The bathroom has an outdated tiled surround and basic fixtures. Heating is provided by a wall heater, indicating a lack of modern central HVAC. The living areas and bedrooms have old carpeting. While the property appears clean, the description explicitly states it's an 'opportunity for investors or buyers looking to customize their dream space' and to 'reimagine this home,' which, combined with the property's age and visible condition of major components, suggests extensive system updates (plumbing, electrical, HVAC) and aesthetic renovations are necessary beyond minor repairs.
Pros & Cons
Pros
Desirable Location: Situated in Los Angeles, a highly sought-after metropolitan area, offering strong market demand and potential for appreciation.
Excellent Accessibility: Conveniently located near shops, public transportation, and major freeways, enhancing daily convenience and commute options.
Investment Potential: Presents a significant opportunity for investors or buyers seeking to add value through customization and renovation.
Ample Lot Size: Features a generous 5,505 sq ft lot, providing potential for outdoor living space, landscaping, or future expansion (subject to zoning).
Property Type: As a single-family residence, it represents a highly desirable and appreciating asset class in the Los Angeles market.
Cons
Age and Condition: Built in 1934, the property likely requires substantial updates to systems (e.g., plumbing, electrical) and aesthetics, indicating potential for deferred maintenance.
Compact Living Space: With 1,008 sq ft, the living area is relatively small for a 2-bedroom home, which may limit appeal for buyers seeking more spacious accommodations.
Renovation Required: The description suggests the home is not move-in ready and requires significant customization and renovation, implying additional time and financial investment for the buyer.