433 E 74th Street, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
ACTIVE$500,000
433 E 74th Street, Los Angeles, California 90003
2Beds
1Bath
854Sqft
5,291Lot
Year Built
1940
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$585
HOA
-
Days on market
-
Sold On
-
MLS number
SB25114139
Home ConditionPoor
Features
View
About this home
Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $500.0K(33th), sqft - 854(20th), beds - 2(41th), baths - 1(47th).
Charming single family residence with a huge potential! Welcome to this 2-bedroom, 1-bathroom house nestled on a generous lot-offering endless possibilities for expansion or customization. Whether you are a first-time buyer ready to create your dream home or an investor looking for your next project, this property is a hidden gem waiting to shine. Bring your imagination- this won't last long!
Price History
Date
Event
Price
05/23/25
Listing
$500,000
Condition Rating
Poor
The property was built in 1940, making it 85 years old. The MLS description explicitly states it has 'huge potential' and is for an 'investor looking for your next project,' requiring buyers to 'bring your imagination.' These phrases are strong indicators that the home needs substantial repairs, rehabilitation, and significant updates to all major components, including the kitchen and bathroom. The absence of interior photos further suggests these areas are likely original or very dated and not a selling point. While not explicitly a 'tear-down,' it aligns with the 'poor' category due to the implied need for extensive renovation and likely outdated or non-functional systems.
Pros & Cons
Pros
Generous Lot Size: The substantial 5,291 sqft lot offers significant potential for expansion, adding an Accessory Dwelling Unit (ADU), or creating extensive outdoor living spaces, a rare find in Los Angeles.
Prime Los Angeles Location: Situated in Los Angeles, specifically the Mid Los Angeles area, the property benefits from strong market demand, proximity to urban amenities, and potential for long-term value appreciation.
Investment & Customization Potential: Described as a 'hidden gem waiting to shine,' this property offers immense potential for investors or owner-occupants to customize, expand, or redevelop, maximizing its value.
First-Time Buyer Opportunity: Priced competitively for the Los Angeles market, this property presents an excellent opportunity for first-time buyers to enter homeownership and build equity through renovation and customization.
Existing View: The property benefits from an existing view, enhancing its appeal and potentially increasing its market value.
Cons
Limited Interior Space: With only 854 sqft, the interior living space is relatively small for a single-family home, which may require expansion to accommodate larger households or modern living preferences.
Single Bathroom: The property features only one bathroom, which can be a functional limitation for multiple occupants and may necessitate an addition during renovation.
Age and Renovation Needs: Built in 1940, the property likely requires significant updates to its systems (electrical, plumbing, HVAC) and finishes to meet modern standards and preferences, implying a need for substantial renovation.