3775 Ruthelen Street, Los Angeles, California 90018, Los Angeles, 90018 - 4 bed, 2 bath

3775 Ruthelen Street, Los Angeles, California 90018 home-pic-0
ACTIVE$975,000
3775 Ruthelen Street, Los Angeles, California 90018
4Beds
2Baths
1,720Sqft
3,363Lot

Price Vs. Estimate

The estimated value ($927,728.13) is $47,271.87 (4%) lower than the list price ($975,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income & Flexibility Potential: Features a permitted bonus room above the garage and explicit potential for ADU conversion, offering significant income generation or flexible living arrangements.
Top Cons:
Requires Significant Renovation: Built in 1922, the property is described as an 'opportunity to turn into a stunning gem,' indicating a need for substantial updates and investment to modernize and improve its condition.

Compared to the nearby listings

Price:$975.0K vs avg $880.0K (+$95,000)54%
Size:1,720 sqft vs avg 1,508 sqft68%
Price/sqft:$567 vs avg $61537%

More Insights

Built in 1922 (103 years old).
Condition: This property, built in 1922, appears to have undergone a renovation approximately 15-25 years ago, giving it an 'aged but maintained' status. The kitchen features dated wood cabinets, older white appliances (including an electric coil range), and outdated pendant lighting, all of which require significant updating to meet current aesthetic and functional standards. Flooring consists of worn-looking light hardwood/laminate and somewhat worn carpet. While the home is functional and livable, as suggested by the 'open concept' layout, it shows clear signs of being outdated in terms of style and finishes. The description itself hints at this, calling it an 'opportunity to turn this charming home into a stunning gem,' indicating it's not a turn-key modern property. It requires minor to moderate cosmetic updates and repairs, particularly in the kitchen and likely bathrooms (though not pictured), to enhance its appeal and value.
Year Built
1922
Close
-
List price
$975K
Original List price
$975K
Price/Sqft
$567
HOA
-
Days on market
-
Sold On
-
MLS number
25606867
Home ConditionFair
Features
View-

About this home

Opportunity knocks to turn this charming home in the heart of Park Hills Heights into a stunning gem. This 4 bedroom two bath home has a permitted bonus room situated above the garage in the rear, providing additional living space or income potential. The garage could also be converted to an ADU for even more income. The open concept layout seamlessly connects the living room, dining area, and kitchen, creating a perfect space for both daily living and entertaining. The guest room above the garage is a standout feature, offering a private and flexible space that can be used as a guest suite, home office, rental unit, or any other creative use you can imagine. Conveniently located near USC, this property offers a lifestyle of comfort and accessibility. Close to everything. Run don't walk! Special financing to assist buyers to acquire this home including Grants to cover rate buy downs, closing costs, down payment and financing to convert garage into an ADU.

Nearby schools

4/10
Birdielee V. Bright Elementary School
Public,K-50.3mi
2/10
Tom Bradley Global Awareness Magnet School
Public,K-50.6mi
2/10
Martin Luther King Jr. Elementary School
Public,K-50.6mi
3/10
Sixth Avenue Elementary School
Public,K-50.8mi
3/10
Lenicia B. Weemes Elementary School
Public,K-51.0mi
2/10
John W. Mack Elementary School
Public,K-51.2mi
3/10
Normandie Avenue Elementary School
Public,K-51.4mi
5/10
Menlo Avenue Elementary School
Public,K-51.5mi
/10
Maple Primary Center
Public,K-12.4mi
3/10
Trinity Street Elementary School
Public,K-52.5mi
2/10
Audubon Middle School
Public,6-81.1mi
2/10
Barack Obama Global Preparation Academy
Public,6-81.2mi
3/10
William Jefferson Clinton Middle School
Public,6-82.1mi
5/10
Foshay Learning Center
Public,K-120.4mi
3/10
Manual Arts Senior High School
Public,9-121.4mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,9-121.7mi
2/10
Susan Miller Dorsey Senior High School
Public,9-121.9mi
4/10
West Adams Preparatory High School
Public,9-122.0mi
5/10
Santee Education Complex
Public,9-123.0mi
3/10
Nava College Preparatory Academy
Public,9-123.6mi

Price History

Date
Event
Price
10/12/04
Sold
$167,000
Condition Rating
Fair

This property, built in 1922, appears to have undergone a renovation approximately 15-25 years ago, giving it an 'aged but maintained' status. The kitchen features dated wood cabinets, older white appliances (including an electric coil range), and outdated pendant lighting, all of which require significant updating to meet current aesthetic and functional standards. Flooring consists of worn-looking light hardwood/laminate and somewhat worn carpet. While the home is functional and livable, as suggested by the 'open concept' layout, it shows clear signs of being outdated in terms of style and finishes. The description itself hints at this, calling it an 'opportunity to turn this charming home into a stunning gem,' indicating it's not a turn-key modern property. It requires minor to moderate cosmetic updates and repairs, particularly in the kitchen and likely bathrooms (though not pictured), to enhance its appeal and value.
Pros & Cons

Pros

Income & Flexibility Potential: Features a permitted bonus room above the garage and explicit potential for ADU conversion, offering significant income generation or flexible living arrangements.
Strategic Location: Situated in Park Hills Heights with convenient proximity to USC and essential amenities, enhancing desirability and potential rental demand.
Attractive Financing Options: Availability of special financing, including grants for rate buy-downs, closing costs, down payment, and ADU conversion, significantly lowers barriers for buyers.
Modern Open Concept: The interior boasts an open-concept layout connecting living, dining, and kitchen areas, appealing to contemporary lifestyle preferences.
Spacious Living: Offers 4 bedrooms and 2 bathrooms across 1720 sqft, providing ample space for families or multiple occupants.

Cons

Requires Significant Renovation: Built in 1922, the property is described as an 'opportunity to turn into a stunning gem,' indicating a need for substantial updates and investment to modernize and improve its condition.
Potential Overpricing: The current list price of $975,000 is slightly above the estimated value of $948,018.625, suggesting it may be priced at the higher end of its market value.
Limited Lot Size: The 3363 sqft lot is relatively compact for a single-family home, potentially limiting outdoor space or future expansion opportunities.

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