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
Price Vs. Estimate
The estimated value ($490,195.265) is $9,804.735 (1%) lower than the list price ($500,000). This property may be overpriced.
Key pros and cons
Top Pros:
Affordable Price Point: Listed at $500,000, this property offers a relatively accessible entry point into the Los Angeles real estate market, particularly appealing to first-time homebuyers.
Top Cons:
Requires Significant Repairs: The property is explicitly stated to be 'in need of repairs' and requires 'updates and a personal touch,' implying immediate and potentially substantial renovation costs for the buyer.
Compared to the nearby listings
Price:$500.0K vs avg $593.0K ($-93,000)33%
Size:854 sqft vs avg 1,096 sqft20%
Price/sqft:$585 vs avg $51667%
More Insights
Built in 1940 (85 years old).
Condition: Built in 1940, this property is over 80 years old. The listing explicitly states it is 'in need of repairs' and requires 'updates and a personal touch,' indicating substantial work is needed. The AI analysis further highlights 'Requires Significant Repairs' and 'Older Construction' with potential 'aging infrastructure' issues. While the 'solid layout' suggests it's not a tear-down, the extensive repairs and likely outdated/deteriorated kitchen and bathroom (given the age and lack of renovation history) align with the 'Poor' condition criteria, requiring substantial rehabilitation.
Year Built
1940
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$585
HOA
-
Days on market
-
Sold On
-
MLS number
SB25262200
Home ConditionPoor
Features
View
About this home
Perfect Started Home with Room to Make It Your Own! This hidden GEM waiting to shine consists on 2bed, 1bath and offers cozy living space and a large backyard. If you are a first time buyer looking for a home with affordable potential, this is a great opportunity!. The property is in need of repairs but with updates and a personal touch, it can easily become the perfect place to start your homeownership journey. Solid layout and a generous lot make this a home worth investing in.
Condition Rating
Poor
Built in 1940, this property is over 80 years old. The listing explicitly states it is 'in need of repairs' and requires 'updates and a personal touch,' indicating substantial work is needed. The AI analysis further highlights 'Requires Significant Repairs' and 'Older Construction' with potential 'aging infrastructure' issues. While the 'solid layout' suggests it's not a tear-down, the extensive repairs and likely outdated/deteriorated kitchen and bathroom (given the age and lack of renovation history) align with the 'Poor' condition criteria, requiring substantial rehabilitation.
Pros & Cons
Pros
Affordable Price Point: Listed at $500,000, this property offers a relatively accessible entry point into the Los Angeles real estate market, particularly appealing to first-time homebuyers.
Generous Lot Size: The property boasts a substantial 5,291 sqft lot, providing ample outdoor space for potential expansion, landscaping, or creating a private backyard oasis.
Investment & Renovation Potential: Described as a 'hidden GEM waiting to shine' with 'Room to Make It Your Own!', it presents a significant opportunity for value appreciation through repairs and personalized updates.
Solid Layout: The description highlights a 'Solid layout,' suggesting a good foundational structure that can support future renovations and improvements without major structural overhauls.
First-Time Buyer Opportunity: Explicitly marketed as a 'Perfect Started Home' and a 'great opportunity!' for first-time buyers, indicating its suitability for those entering homeownership.
Cons
Requires Significant Repairs: The property is explicitly stated to be 'in need of repairs' and requires 'updates and a personal touch,' implying immediate and potentially substantial renovation costs for the buyer.
Small Square Footage: With only 854 sqft of living space, the property offers a relatively 'cozy' and limited interior, which may not suit buyers seeking more spacious accommodations or room for a growing family.
Older Construction: Built in 1940, the home is an older property, which may come with aging infrastructure such as plumbing, electrical systems, and roofing that could require costly upgrades or replacements in the near future.