4032 Elsa Street, Lakewood, California 90712, Lakewood, 90712 - 6 bed, 5 bath

4032 Elsa Street, Lakewood, California 90712 home-pic-0
ACTIVE$1,399,999
4032 Elsa Street, Lakewood, California 90712
6Beds
5Baths
2,507Sqft
5,367Lot

Price Vs. Estimate

The estimated value ($1,321,395.78) is $78,603.22 (5%) lower than the list price ($1,399,999). This property may be overpriced.

Key pros and cons

Top Pros:
Versatile Dual-Unit Property: This rare 2-on-1 lot features two separate homes (main house + newly built ADU), providing exceptional flexibility for multi-generational living or significant income potential.
Top Cons:
Age of Main House: The main house was built in 1951, suggesting potential for older infrastructure or systems that may require future maintenance or updates, despite having central AC.

Compared to the nearby listings

Price:$1.40M vs avg $865.0K (+$534,999)94%
Size:2,507 sqft vs avg 1,413 sqft92%
Price/sqft:$558 vs avg $62228%

More Insights

Built in 1951 (74 years old).
Condition: This property features a 'newly built ADU' which comprises a significant portion of the total living space (3 beds, 3 baths). The images and description confirm the ADU's kitchen and bathrooms are brand new with modern finishes, including shaker cabinets, quartz countertops, new stainless steel appliances, recessed lighting, new vinyl flooring, and contemporary tile work. The ADU also boasts a modern mini-split HVAC system. While the main house was built in 1951, the listing states it is 'move-in ready' with 'modern kitchen and laundry appliances,' central air conditioning, and solar panels, indicating substantial recent upgrades. The overall condition, driven by the new construction and significant renovations, aligns with the 'Excellent' criteria of being virtually new or extensively renovated within the last 5 years, meeting current quality standards.
Year Built
1951
Close
-
List price
$1.4M
Original List price
$1.6M
Price/Sqft
$558
HOA
-
Days on market
-
Sold On
-
MLS number
PW25125781
Home ConditionExcellent
Features
Good View: Trees/Woods
Deck
ViewTrees/Woods

About this home

Located in a desirable Lakewood neighborhood, this rare 2-on-1 lot property offers 2,507 sqft of total living space across two separate homes—ideal for multigenerational living or income potential. The main house features 3 bedrooms, 2 bathrooms, an enclosed patio, and comes equipped with solar panels for energy efficiency. The newly built ADU includes 3 bedrooms, 3 bathrooms, recessed lighting throughout, new vinyl flooring, quartz countertops, shaker cabinets, two walk-in closets, a private balcony, and its own enclosed patio. Each home is serviced by separate water, gas, and electricity meters, offering greater independence and flexibility for owners and tenants alike. Both homes come with individual heating and cooling systems—the main house features central air conditioning, while the ADU is equipped with a modern mini-split system for energy-efficient, customizable comfort. Move-in ready and complete with a full suite of modern kitchen and laundry appliances, this property is conveniently located near shopping, dining, top-rated schools, and just minutes from a scenic golf course and major commuter routes—making it the perfect blend of comfort, functionality, and long-term value.

Nearby schools

7/10
Twain Elementary School
Public,K-50.5mi
3/10
Captain Raymond Collins School
Public,K-51.7mi
6/10
Hoover Middle School
Public,6-80.3mi
7/10
Bancroft Middle School
Public,6-80.8mi
4/10
Leona Jackson School
Public,4-83.4mi
/10
Buena Vista High School
Public,9-121.1mi
5/10
Lakewood High School
Public,9-121.2mi
5/10
Paramount High School
Public,9-124.2mi

Price History

Date
Event
Price
08/15/23
Sold
$940,000
07/14/21
Sold
$850,000
Condition Rating
Excellent

This property features a 'newly built ADU' which comprises a significant portion of the total living space (3 beds, 3 baths). The images and description confirm the ADU's kitchen and bathrooms are brand new with modern finishes, including shaker cabinets, quartz countertops, new stainless steel appliances, recessed lighting, new vinyl flooring, and contemporary tile work. The ADU also boasts a modern mini-split HVAC system. While the main house was built in 1951, the listing states it is 'move-in ready' with 'modern kitchen and laundry appliances,' central air conditioning, and solar panels, indicating substantial recent upgrades. The overall condition, driven by the new construction and significant renovations, aligns with the 'Excellent' criteria of being virtually new or extensively renovated within the last 5 years, meeting current quality standards.
Pros & Cons

Pros

Versatile Dual-Unit Property: This rare 2-on-1 lot features two separate homes (main house + newly built ADU), providing exceptional flexibility for multi-generational living or significant income potential.
Modern & Well-Appointed ADU: The newly constructed ADU offers 3 beds/3 baths, recessed lighting, new vinyl flooring, quartz countertops, shaker cabinets, walk-in closets, and a private balcony, appealing to modern tenants or family members.
Independent Utilities & Comfort Systems: Both residences have separate water, gas, and electricity meters, plus individual heating and cooling systems (central AC in main, mini-split in ADU), ensuring autonomy and energy efficiency.
Energy Efficiency (Solar): The main house is equipped with solar panels, contributing to lower utility costs and environmental benefits.
Prime Lakewood Location: Situated in a desirable neighborhood with convenient access to shopping, dining, top-rated schools, a golf course, and major commuter routes, enhancing its long-term value.

Cons

Age of Main House: The main house was built in 1951, suggesting potential for older infrastructure or systems that may require future maintenance or updates, despite having central AC.
Recent Price Reduction: A notable price drop from $1.599M to $1.399M could raise buyer questions regarding initial pricing strategy or market perception.
Potentially Limited Outdoor Space: While featuring two homes, the 5,367 sqft lot size might result in smaller individual outdoor areas for each unit, which could be a consideration for buyers seeking ample yard space.

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