420 N Bixel Street, Los Angeles, California 90026, Los Angeles, 90026 - 2 bed, 1 bath
ACTIVE$775,000
420 N Bixel Street, Los Angeles, California 90026
2Beds
1Bath
746Sqft
3,736Lot
Year Built
1890
Close
-
List price
$775K
Original List price
$800K
Price/Sqft
$1,039
HOA
-
Days on market
-
Sold On
-
MLS number
GD25015121
Home ConditionGood
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 32% below the list price. We found 3 Cons,5 Pros. Rank: price - $775.0K(9th), sqft - 746(9th), beds - 2(38th), baths - 1(24th).
This gem is in the center of LA. It is next to Downtown LA, minutes away from Dodger Stadium and Koreatown You are in prime location. You have access to 110, 10 and 101 freeways. This property is bigger than it represents because it has a basement almost the size of the house. The basement can be used as bedroom/office/shop and have extra bathroom. You have to come and see it. You will not regret it. The property itself is in great condition and it also has 13 solar panels that will be paid through escrow. The seller has pride in his humble home. Negotiable in reason.
Nearby schools
4/10
Betty Plasencia Elementary School
Public,•K-6•0.2mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•0.6mi
6/10
Castelar Street Elementary School
Public,•K-5•0.8mi
/10
Lake Street Primary School
Public,•K-1•1.0mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•1.0mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.5mi
2/10
Mayberry Street Elementary School
Public,•K-6•1.5mi
3/10
Elysian Heights Elementary School
Public,•K-6•1.7mi
8/10
Clifford Street Elementary School
Public,•K-6•1.7mi
7/10
Dorris Place Elementary School
Public,•K-6•2.0mi
5/10
Micheltorena Street Elementary School
Public,•K-5•2.0mi
8/10
Allesandro Elementary School
Public,•K-6•2.5mi
3/10
Sal Castro Middle School
Public,•6-8•0.6mi
2/10
Logan Street Elementary School
Public,•K-8•1.0mi
5/10
Virgil Middle School
Public,•6-8•2.2mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.5mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.6mi
6/10
Irving STEAM Magnet
Public,•6-8•3.7mi
3/10
Belmont Senior High School
Public,•9-12•0.6mi
8/10
John Marshall Senior High School
Public,•9-12•3.2mi
Condition Rating
Good
Despite being built in 1890, this property has undergone significant and tasteful renovations, particularly in the kitchen and main bathroom, which appear to be updated within the last 5-15 years. The kitchen features modern white shaker cabinets, stainless steel appliances, dark countertops, and subway tile backsplash. The main bathroom boasts a contemporary vanity, modern fixtures, and subway tile in the shower. Hardwood floors are well-maintained throughout the main living areas. The finished basement, offering additional functional space and an extra bathroom, further enhances its appeal. The inclusion of 13 paid-off solar panels is a significant upgrade, contributing to energy efficiency. The property is move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
Pros & Cons
Pros
Exceptional Central Location: Positioned in the heart of LA, adjacent to Downtown, and minutes from major cultural hubs like Dodger Stadium and Koreatown, offering unparalleled urban convenience.
Excellent Freeway Access: Direct access to 110, 10, and 101 freeways provides superior connectivity throughout the greater Los Angeles area.
Significant Expansion Potential: The large basement, nearly the size of the main house and including an extra bathroom, offers versatile space for additional bedrooms, an office, or a workshop, greatly enhancing functional square footage.
Cost-Saving Solar Energy System: Equipped with 13 paid-off solar panels, ensuring lower utility costs and a reduced environmental footprint for the new owner.
Well-Maintained Condition: Described as being in 'great condition' with evident 'pride of ownership,' suggesting a property that has been cared for and requires minimal immediate repairs.
Cons
Substantial Overpricing Relative to Market Value: The current list price of $775,000 is considerably higher than the estimated value of $520,353.11 and recent comparable sales, indicating a potential challenge in attracting buyers at this price point.
Limited Main Living Square Footage: The primary living space of 746 sqft is relatively small for a 2-bedroom home in this market, potentially limiting appeal for buyers seeking more spacious accommodations, despite the basement.
Potential for Age-Related Maintenance: As a property built in 1890, there's an inherent risk of needing future updates or repairs to older systems (e.g., plumbing, electrical, foundation) that may not be immediately apparent, even if currently in good condition.