403 Balham, La Puente, California 91744, La Puente, 91744 - 3 bed, 2 bath
ACTIVE$599,999$1,500/sqft
Est. Value: $601,695
%
FairlyEstimate
403 Balham, La Puente, California 91744
3Beds
2Baths
1,500Sqft
6,643Lot
Price Vs. Estimate
The estimated value ($601,694.55) is $1,695.55 (0%) lower than the list price ($599,999). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Potential: Explicitly marketed as a 'fix and flip investment or fix and live' opportunity, appealing to a broad range of buyers including investors and owner-occupants.
Top Cons:
Unpermitted Conversions/Legal Non-Compliance: The description indicates the home has been split into multiple units and the garage converted, which are highly likely unpermitted modifications. This poses significant legal and financial risks, requiring potential buyers to invest in costly remediation or legalization.
Compared to the nearby listings
Price:$600.0K vs avg $760.0K ($-160,001)7%
Size:1,500 sqft vs avg 1,271 sqft73%
Price/sqft:$400 vs avg $5694%
More Insights
Built in 1959 (67 years old).
Condition: This property, built in 1959, is explicitly marketed as a 'fix and flip' and sold 'AS IS,' indicating a need for substantial rehabilitation. The images reveal significant defects, most notably severe ceiling damage in one of the converted units, which impacts safety and structural integrity. Both kitchens are very dated, with one being a basic kitchenette in poor condition and the other featuring old wood cabinets and dated countertops with no modern appliances. Bathrooms are also outdated, though one has a slightly more modern pedestal sink and tiled shower. The property lacks central HVAC, relying on window AC units, and features worn, dated flooring throughout. The unpermitted conversions also pose significant legal and financial risks, requiring major remediation.
Year Built
1959
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$400
HOA
-
Days on market
-
Sold On
-
MLS number
CV25281536
Home ConditionPoor
Features
Patio
View-
About this home
Great opportunity for fix and flip investment or fix and live in the property. Home is centrally located close to 60 freeway about 20 miles from Downtown Los Angeles. This home is 3 bedrooms 2 bathrooms, 1,500 sqft. Home has been split into 2 units (shared wall), plus garage. Front unit has 2 bedrooms, 1 bath and back unit is 2 bedrooms 1 bath. Garage has been converted to 2 bedrooms, 1 bath. Property SOLD AS IS.
M
Mireya Chavarria
Listing Agent
Condition Rating
Poor
This property, built in 1959, is explicitly marketed as a 'fix and flip' and sold 'AS IS,' indicating a need for substantial rehabilitation. The images reveal significant defects, most notably severe ceiling damage in one of the converted units, which impacts safety and structural integrity. Both kitchens are very dated, with one being a basic kitchenette in poor condition and the other featuring old wood cabinets and dated countertops with no modern appliances. Bathrooms are also outdated, though one has a slightly more modern pedestal sink and tiled shower. The property lacks central HVAC, relying on window AC units, and features worn, dated flooring throughout. The unpermitted conversions also pose significant legal and financial risks, requiring major remediation.
Pros & Cons
Pros
Investment Potential: Explicitly marketed as a 'fix and flip investment or fix and live' opportunity, appealing to a broad range of buyers including investors and owner-occupants.
Income-Generating Configuration: The property is configured into multiple units (two main units + converted garage unit), offering significant rental income potential or multi-generational living options.
Strategic Location: Centrally located close to the 60 freeway, providing convenient access to Downtown Los Angeles (approximately 20 miles).
Versatile Use: The property's current setup and 'fix and flip' potential make it suitable for various buyer profiles, from investors seeking rental income to families needing multi-unit living.
Lot Size: A 6,643 sqft lot provides ample space for potential expansion, outdoor amenities, or additional parking, adding to its long-term value.
Cons
Unpermitted Conversions/Legal Non-Compliance: The description indicates the home has been split into multiple units and the garage converted, which are highly likely unpermitted modifications. This poses significant legal and financial risks, requiring potential buyers to invest in costly remediation or legalization.
As-Is Sale Condition: Being sold 'AS IS' implies the seller will not make repairs, placing the burden of all necessary renovations, repairs, and code compliance on the buyer, which could lead to substantial unexpected costs.
Age of Property & System Updates: Built in 1959, the property is over 60 years old, suggesting that major systems (plumbing, electrical, HVAC, roof) may be original or outdated and could require substantial capital expenditure for replacement or upgrades.