4354 Verona Street, Los Angeles, California 90023, Los Angeles, 90023 - 3 bed, 1 bath
ACTIVE$590,000$1,130/sqft
Est. Value: $563,537
-4%
AboveEstimate
4354 Verona Street, Los Angeles, California 90023
3Beds
1Bath
1,130Sqft
5,144Lot
Price Vs. Estimate
The estimated value ($563,536.595) is $26,463.405 (4%) lower than the list price ($590,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Potential: Explicitly marketed as a 'fix and flip' or investment opportunity, indicating strong potential for value creation through renovation.
Top Cons:
Extensive Renovation Required: The property is offered 'as-is' and described as a 'fix and flip,' indicating significant necessary work and substantial renovation costs.
Compared to the nearby listings
Price:$590.0K vs avg $665.0K ($-75,000)41%
Size:1,130 sqft vs avg 1,122.5 sqft50%
Price/sqft:$522 vs avg $53345%
More Insights
Built in 1906 (120 years old).
Condition: Built in 1906, this property is explicitly marketed as a 'fix and flip' requiring 'extensive renovation' and is sold 'as-is.' The exterior shows significant deferred maintenance with peeling paint and worn surfaces. With only one bathroom for three bedrooms, the interior is undoubtedly outdated and requires substantial updates to infrastructure, systems, and aesthetics to meet modern living standards. It requires significant rehabilitation.
Year Built
1906
Close
-
List price
$590K
Original List price
$590K
Price/Sqft
$522
HOA
-
Days on market
-
Sold On
-
MLS number
PW26011607
Home ConditionPoor
Features
View-
About this home
CALLING ALL INVESTORS!!Great property to fix and flip, or as an investment opportunity. Motivated seller! This property is in a booming Los Angeles area with recent sales of renovated homes reaching high value, showing strong potential for appreciation. Excellent location near downtown Los Angeles. Seller is offering a fair "as-is" price, taking into account the necessary work and renovations costs. Come explore this excellent investment opportunity. Seller does not guarantee accuracy of information provided. Buyer to conduct own due diligence and verification of all information provided.
L
Lucia Acuna
Listing Agent
Price History
Date
Event
Price
10/02/13
Sold
$110,000
Condition Rating
Poor
Built in 1906, this property is explicitly marketed as a 'fix and flip' requiring 'extensive renovation' and is sold 'as-is.' The exterior shows significant deferred maintenance with peeling paint and worn surfaces. With only one bathroom for three bedrooms, the interior is undoubtedly outdated and requires substantial updates to infrastructure, systems, and aesthetics to meet modern living standards. It requires significant rehabilitation.
Pros & Cons
Pros
Investment Potential: Explicitly marketed as a 'fix and flip' or investment opportunity, indicating strong potential for value creation through renovation.
High Appreciation Potential: Located in a 'booming Los Angeles area' with 'recent sales of renovated homes reaching high value,' suggesting significant future appreciation.
Strategic Location: Offers an 'excellent location near downtown Los Angeles,' providing desirable proximity to urban amenities and employment centers.
Motivated Seller: The seller is 'motivated,' which may present an opportunity for more favorable negotiation terms for potential buyers.
Generous Lot Size: A 5,144 sqft lot provides ample space for potential expansion, landscaping, or creating desirable outdoor living areas in an urban setting.
Cons
Extensive Renovation Required: The property is offered 'as-is' and described as a 'fix and flip,' indicating significant necessary work and substantial renovation costs.
Historic Age: Built in 1906, the property likely requires substantial updates to its infrastructure, systems, and aesthetics to meet modern living standards and codes.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property's functionality is limited for modern family living and will likely necessitate an addition during renovation.