3977 S Budlong Avenue, Los Angeles, California 90037, Los Angeles, 90037 - 5 bed, 2 bath
ACTIVE$1,000,010$3,996/sqft
Est. Value: $455,389
-54%
AboveEstimate
3977 S Budlong Avenue, Los Angeles, California 90037
5Beds
2Baths
3,996Sqft
9,739Lot
Price Vs. Estimate
The estimated value ($455,389.17) is $544,620.83 (54%) lower than the list price ($1,000,010). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Size: The property boasts a substantial 3,996 sqft of living space and a generous 9,739 sqft lot, offering ample room for extensive renovation, expansion, or potential redevelopment.
Top Cons:
Extensive Renovation Required: The property is explicitly described as 'past its prime and in need of skillful renovation or complete developmental re-imagination,' indicating substantial capital investment and effort will be necessary.
Compared to the nearby listings
Price:$1.00M vs avg $650.0K (+$350,010)91%
Size:3,996 sqft vs avg 1,491 sqft94%
Price/sqft:$250 vs avg $4579%
More Insights
Built in 1905 (121 years old).
Condition: Built in 1905, this property is explicitly described as 'past its prime and in need of skillful renovation or complete developmental re-imagination.' The listing also mentions navigating 'construction and demolition rules,' indicating that demolition is a strong possibility. The exterior images show severe disrepair, peeling paint, and general neglect, suggesting the structure is likely beyond economical repair or that its value is primarily in the land for redevelopment. No interior images are provided, which often implies the interior is in an unpresentable or unlivable state.
Year Built
1905
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$250
HOA
-
Days on market
-
Sold On
-
MLS number
25629805
Home ConditionTear down
Features
View-
About this home
Wonderful early 1900s architecture that is now past its prime and in need of skillful renovation or complete developmental re-imagination. House is not in the local HPOZ, nor is it deemed a historical site by the city. However it is covered by the local CPIO zone and may be governed by the rules thereof. Any interested buyer is encouraged to do considerable due diligence. Looking for an experienced buyer in the area, used to navigating construction and demolition rules. Seller is looking for a quick sale.
L
Lorenzo 'Nick' Cates
Listing Agent
Condition Rating
Tear down
Built in 1905, this property is explicitly described as 'past its prime and in need of skillful renovation or complete developmental re-imagination.' The listing also mentions navigating 'construction and demolition rules,' indicating that demolition is a strong possibility. The exterior images show severe disrepair, peeling paint, and general neglect, suggesting the structure is likely beyond economical repair or that its value is primarily in the land for redevelopment. No interior images are provided, which often implies the interior is in an unpresentable or unlivable state.
Pros & Cons
Pros
Significant Size: The property boasts a substantial 3,996 sqft of living space and a generous 9,739 sqft lot, offering ample room for extensive renovation, expansion, or potential redevelopment.
Architectural Heritage: Featuring 'Wonderful early 1900s architecture,' the property provides a foundation of classic charm and character that can be restored or integrated into a modern design.
Prime Los Angeles Location: Situated in Los Angeles (90037), a highly desirable and appreciating market, offering strong investment potential and access to urban amenities.
Renovation/Redevelopment Flexibility: Not designated as a historical site or within an HPOZ, allowing greater freedom for extensive renovation or complete re-imagination without strict historical preservation constraints.
Motivated Seller: The seller's explicit desire for a 'quick sale' may present an opportunity for a more favorable negotiation for an experienced and prepared buyer.
Cons
Extensive Renovation Required: The property is explicitly described as 'past its prime and in need of skillful renovation or complete developmental re-imagination,' indicating substantial capital investment and effort will be necessary.
Regulatory Hurdles (CPIO Zone): Located within a CPIO zone, the property may be subject to specific rules and regulations, requiring 'considerable due diligence' and potentially complicating construction or demolition plans.
Specialized Buyer Profile: The listing specifically seeks an 'experienced buyer... used to navigating construction and demolition rules,' suggesting the project's complexity and risk level are not suitable for a typical homebuyer or novice investor.