407 S Vancouver Avenue, Los Angeles, California 90022, Los Angeles, 90022 - 4 bed, 2 bath
ACTIVE$675,000
407 S Vancouver Avenue, Los Angeles, California 90022
4Beds
2Baths
1,328Sqft
4,800Lot
Price Vs. Estimate
The estimated value ($643,792.28) is $31,207.72 (4%) lower than the list price ($675,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Conversion Potential: The property features a 2-car attached garage explicitly noted as perfect for an ADU conversion, offering significant income potential or multi-generational living options.
Top Cons:
Age of Property & Potential for Updates: Built in 1927, the home is nearly a century old, which often implies the need for significant investment in updating systems (plumbing, electrical) and addressing deferred maintenance.
Compared to the nearby listings
Price:$675.0K vs avg $667.5K (+$7,500)50%
Size:1,328 sqft vs avg 1,052 sqft73%
Price/sqft:$508 vs avg $59220%
More Insights
Built in 1927 (98 years old).
Condition: Built in 1927, this property is nearly a century old and requires substantial rehabilitation. The kitchen is highly outdated with old tile countertops, dated dark wood cabinets, and very old yellow/white floor tiles, indicating a need for a complete renovation. While one bathroom appears to have been recently updated with modern fixtures and tiling, the overall condition of the property, including the exterior and the implied need for major system updates (plumbing, electrical) typical for a home of this age, points to significant deferred maintenance. The description itself suggests buyers will 'make it their own,' reinforcing the need for extensive work.
Year Built
1927
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$508
HOA
-
Days on market
-
Sold On
-
MLS number
PW25257194
Home ConditionPoor
Features
Patio
View-
About this home
Spanish-Style Home with ADU Potential in East Los Angeles! Welcome to 407 S. Vancouver Ave a 4-bedroom, 2-bath single-family residence offering 1,328 sqft of living space on a 4,800 sqft corner lot. This 1927-built gem features classic Spanish architecture, a 2-car attached garage perfect for an ADU conversion and a driveway with room for 2–3 additional vehicles. Ideal for investors or buyers looking to make it their own, this property sits just one block from Garfield High School and minutes from East LA College, the 710 & 60 freeways and Downtown Los Angeles. With its central location and strong rental demand, this is a prime opportunity to build equity and maximize investment potential.
Price History
Date
Event
Price
08/13/04
Sold
$310,000
Condition Rating
Poor
Built in 1927, this property is nearly a century old and requires substantial rehabilitation. The kitchen is highly outdated with old tile countertops, dated dark wood cabinets, and very old yellow/white floor tiles, indicating a need for a complete renovation. While one bathroom appears to have been recently updated with modern fixtures and tiling, the overall condition of the property, including the exterior and the implied need for major system updates (plumbing, electrical) typical for a home of this age, points to significant deferred maintenance. The description itself suggests buyers will 'make it their own,' reinforcing the need for extensive work.
Pros & Cons
Pros
ADU Conversion Potential: The property features a 2-car attached garage explicitly noted as perfect for an ADU conversion, offering significant income potential or multi-generational living options.
Prime Corner Lot: Situated on a 4,800 sqft corner lot, providing enhanced privacy, greater curb appeal, and potential for more flexible use of outdoor space.
Strategic Location & Accessibility: Centrally located just one block from Garfield High School and minutes from East LA College, major freeways (710 & 60), and Downtown Los Angeles, ensuring excellent connectivity and convenience.
Strong Investment & Equity Building Potential: Highlighted as a prime opportunity for investors due to its central location, strong rental demand, and potential for equity growth.
Charming Spanish Architecture: The 1927-built residence boasts classic Spanish architecture, offering unique character and aesthetic appeal that can be highly desirable.
Cons
Age of Property & Potential for Updates: Built in 1927, the home is nearly a century old, which often implies the need for significant investment in updating systems (plumbing, electrical) and addressing deferred maintenance.
Implied Renovation Needs: The description suggests buyers will 'make it their own,' indicating that the property likely requires substantial renovation or upgrades to meet modern living standards and preferences.
Proximity to High School: Being just one block from Garfield High School could result in increased traffic, noise, and congestion during school hours, which may be a drawback for some residents seeking a quieter environment.