416 W 108th, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 2 bath
ACTIVE$550,000$1,269/sqft
Est. Value: $364,330
-33%
AboveEstimate
416 W 108th, Los Angeles, California 90061
3Beds
2Baths
1,269Sqft
5,246Lot
Price Vs. Estimate
The estimated value ($364,330.18) is $185,669.82 (33%) lower than the list price ($550,000). This property may be overpriced.
Key pros and cons
Top Pros:
R-4 Zoning for Multi-Unit Development: The property's R-4 zoning designation presents a significant opportunity for investors to redevelop it into a multi-unit property, maximizing land use and potential rental income.
Top Cons:
Sold 'As Is' Condition: The property is sold strictly 'As Is,' meaning the seller will not make any repairs, placing the full burden of renovation costs and potential unforeseen issues on the buyer.
Compared to the nearby listings
Price:$550.0K vs avg $642.5K ($-92,500)25%
Size:1,269 sqft vs avg 1,092.5 sqft63%
Price/sqft:$433 vs avg $59321%
More Insights
Built in 1941 (85 years old).
Condition: Built in 1941, this property is explicitly marketed to 'INVESTORS-FLIPPERS' and sold 'As Is,' indicating extensive work is required. The images reveal an extremely neglected interior with significant clutter and dirt. The kitchen features very old, worn cabinets and countertops, and outdated appliances, requiring a complete gut renovation. The bathrooms are severely outdated, particularly the pink tiled bathroom, suggesting no major renovations in over 50 years, and are in a state of disrepair and filth. The exterior is overgrown and unkempt. Given the property's age, condition, and the R-4 zoning for multi-unit redevelopment, its value is primarily in the land, and the existing structure is likely beyond economical repair for anything other than demolition or a complete rebuild.
Year Built
1941
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$433
HOA
-
Days on market
-
Sold On
-
MLS number
SR26006455
Home ConditionTear down
Features
ViewNeighborhood
About this home
CALL FOR INVESTORS-FLIPPERS Subject property is ZONED R-4 and it can be redevelop it into a multiunit. Property is Sold "As Is" in its present condition. Seller cannot make any repairs. Per assessor this is a 3 bedroom and 2 bathroom house.
G
Gilmer Pozo
Listing Agent
Condition Rating
Tear down
Built in 1941, this property is explicitly marketed to 'INVESTORS-FLIPPERS' and sold 'As Is,' indicating extensive work is required. The images reveal an extremely neglected interior with significant clutter and dirt. The kitchen features very old, worn cabinets and countertops, and outdated appliances, requiring a complete gut renovation. The bathrooms are severely outdated, particularly the pink tiled bathroom, suggesting no major renovations in over 50 years, and are in a state of disrepair and filth. The exterior is overgrown and unkempt. Given the property's age, condition, and the R-4 zoning for multi-unit redevelopment, its value is primarily in the land, and the existing structure is likely beyond economical repair for anything other than demolition or a complete rebuild.
Pros & Cons
Pros
R-4 Zoning for Multi-Unit Development: The property's R-4 zoning designation presents a significant opportunity for investors to redevelop it into a multi-unit property, maximizing land use and potential rental income.
Prime Investor/Developer Opportunity: Explicitly marketed towards 'INVESTORS-FLIPPERS,' this property is ideally positioned for those seeking high-yield renovation or ground-up development projects.
Desirable Los Angeles Market: Located in Los Angeles, the property benefits from a strong real estate market with consistent demand and potential for appreciation.
Substantial Lot Size: The generous 5,246 sqft lot provides ample space for potential expansion, multi-unit construction, or creative landscaping, enhancing development flexibility.
Existing 3 Bed/2 Bath Footprint: The current 3-bedroom, 2-bathroom configuration offers a foundational structure that could be renovated for immediate resale or rental, or serve as a base for a larger redevelopment project.
Cons
Sold 'As Is' Condition: The property is sold strictly 'As Is,' meaning the seller will not make any repairs, placing the full burden of renovation costs and potential unforeseen issues on the buyer.
Extensive Renovation/Redevelopment Required: Given its age and 'As Is' status, the property demands significant capital investment for either a comprehensive renovation or complete redevelopment, which may deter buyers seeking a move-in ready home.
Advanced Age of Property: Constructed in 1941, the home likely features outdated systems and infrastructure, necessitating costly upgrades to meet modern standards and building codes.