4208 Union Pacific Avenue, Los Angeles, California 90023, Los Angeles, 90023 - 2 bed, 2 bath
ACTIVE$750,000
4208 Union Pacific Avenue, Los Angeles, California 90023
2Beds
2Baths
1,195Sqft
4,764Lot
Price Vs. Estimate
The estimated value ($694,110.86) is $55,889.14 (7%) lower than the list price ($750,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Potential: R3 zoning allows for multi-unit development, increasing potential rental income or resale value.
Top Cons:
Age: Built in 1912, the property may require updates or renovations to meet modern standards.
Compared to the nearby listings
Price:$750.0K vs avg $682.5K (+$67,500)73%
Size:1,195 sqft vs avg 1,206.5 sqft50%
Price/sqft:$628 vs avg $54182%
More Insights
Built in 1912 (113 years old).
Condition: The property was built in 1912 and appears to have had some updates, but the kitchen and bathrooms show their age. While functional, they are outdated and would benefit from modernization. The rest of the house appears to be in fair condition, suggesting it has been maintained but not recently renovated. Therefore, it requires minor updates or repairs.
Year Built
1912
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$628
HOA
-
Days on market
-
Sold On
-
MLS number
IV25048455
Home ConditionFair
Features
View-
About this home
Prime R3-Zoned Investment Opportunity! This 3-bedroom, 2-bath home offers exceptional potential for investment and development. With R3 zoning, this property provides the opportunity to build multi-unit housing, an income-producing rental, or even expand the existing home. Perfect for investors, developers, or buyers looking to maximize value in a sought-after location. Conveniently situated near major freeways, shopping centers, schools, and local amenities, this is a rare find with endless possibilities.
Price History
Date
Event
Price
12/01/09
Sold
$150,000
Condition Rating
Fair
The property was built in 1912 and appears to have had some updates, but the kitchen and bathrooms show their age. While functional, they are outdated and would benefit from modernization. The rest of the house appears to be in fair condition, suggesting it has been maintained but not recently renovated. Therefore, it requires minor updates or repairs.
Pros & Cons
Pros
Investment Potential: R3 zoning allows for multi-unit development, increasing potential rental income or resale value.
Location: Conveniently located near major freeways, shopping centers, schools, and local amenities.
Development Opportunity: Large lot size provides ample space for expansion or new construction.
Cons
Age: Built in 1912, the property may require updates or renovations to meet modern standards.
Unknown Condition: The description does not specify the current condition of the property, which may require further inspection.