440 S Fresno Street, Los Angeles, California 90063, Los Angeles, 90063 - 5 bed, 3 bath
ACTIVE$700,000
440 S Fresno Street, Los Angeles, California 90063
5Beds
3Baths
1,796Sqft
5,494Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income Potential: The property is a duplex, offering immediate income potential from renting out one or both units.
Top Cons:
Court Confirmation Required: The need for court confirmation adds complexity and potential delays to the purchase process.
Compared to the nearby listings
Price:$700.0K vs avg $750.0K ($-50,000)32%
Size:1,796 sqft vs avg 1,826 sqft44%
Price/sqft:$390 vs avg $35352%
More Insights
Built in 1907 (118 years old).
Condition: The property was built in 1907 and the description mentions 'sweat equity,' indicating it requires significant work. The age suggests outdated systems and features, likely requiring substantial repairs and rehabilitation to bring it to a livable standard. The need for court confirmation also hints at potential complications or distress associated with the property.
Year Built
1907
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$390
HOA
-
Days on market
-
Sold On
-
MLS number
IG25109476
Home ConditionPoor
Features
View-
About this home
Great opportunity for first time buyers sweat equity. First home 3 bedrooms 2 baths second home 2 bedrooms 1 bath. Centrally located to shopping centers Downtown La metro stations and schools.Need court conformation.
Nearby schools
5/10
Euclid Avenue Elementary School
Public,•K-5•0.4mi
2/10
First Street Elementary School
Public,•K-6•0.4mi
5/10
Sunrise Elementary School
Public,•K-6•0.6mi
2/10
Lorena Street Elementary School
Public,•K-5•0.6mi
4/10
Malabar Street Elementary School
Public,•K-6•0.8mi
4/10
Breed Street Elementary School
Public,•K-6•0.9mi
3/10
Belvedere Elementary School
Public,•K-5•0.9mi
4/10
Soto Street Elementary School
Public,•K-6•0.9mi
5/10
Rowan Avenue Elementary School
Public,•K-5•0.9mi
4/10
Christopher Dena Elementary School
Public,•K-6•1.0mi
3/10
Sheridan Street Elementary School
Public,•K-6•1.1mi
/10
Amanecer Primary Center
Public,•K-2•1.1mi
4/10
Second Street Elementary School
Public,•K-6•1.2mi
/10
Garza (Carmen Lomas) Primary Center
Public,•K-2•1.2mi
4/10
Evergreen Avenue Elementary School
Public,•K-6•1.3mi
5/10
Eastman Avenue Elementary School
Public,•K-5•1.4mi
4/10
Bridge Street Elementary School
Public,•K-5•1.5mi
3/10
Harrison Street Elementary School
Public,•K-6•1.5mi
2/10
Murchison Street Elementary School
Public,•K-6•1.7mi
4/10
Griffin Avenue Elementary School
Public,•K-5•2.4mi
4/10
Gates Street Elementary School
Public,•K-5•2.6mi
5/10
Ninth Street School
Public,•K-5•2.6mi
3/10
Albion Street Elementary School
Public,•K-6•2.6mi
3/10
Ann Street Elementary School
Public,•K-6•2.7mi
6/10
Hollenbeck Middle School
Public,•6-8•0.6mi
3/10
Robert Louis Stevenson Middle School
Public,•6-8•0.8mi
4/10
Belvedere Middle School
Public,•6-8•1.2mi
4/10
Utah Street Elementary School
Public,•K-8•1.6mi
6/10
Vernon City Elementary School
Public,•K-7•2.7mi
5/10
El Sereno Middle School
Public,•6-8•3.4mi
4/10
Chester W. Nimitz Middle School
Public,•6-8•3.4mi
5/10
Florence Nightingale Middle School
Public,•6-8•3.7mi
3/10
Henry T. Gage Middle School
Public,•6-8•3.8mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•0.5mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•0.6mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•1.8mi
7/10
James A. Garfield Senior High School
Public,•9-12•2.6mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•2.6mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•2.7mi
4/10
Huntington Park Senior High School
Public,•9-12•3.5mi
5/10
Maywood Academy High
Public,•9-12•3.7mi
5/10
Bell Senior High School
Public,•9-12•4.2mi
4/10
Elizabeth Learning Center
Public,•K-12•5.1mi
Condition Rating
Poor
The property was built in 1907 and the description mentions 'sweat equity,' indicating it requires significant work. The age suggests outdated systems and features, likely requiring substantial repairs and rehabilitation to bring it to a livable standard. The need for court confirmation also hints at potential complications or distress associated with the property.
Pros & Cons
Pros
Income Potential: The property is a duplex, offering immediate income potential from renting out one or both units.
Central Location: The property is centrally located near shopping centers, Downtown LA, metro stations, and schools, increasing its desirability for renters and owners.
Large Lot Size: The lot size of 5494 sqft provides ample outdoor space and potential for future expansion or development.
Multiple Bedrooms and Bathrooms: With a total of 5 bedrooms and 3 bathrooms across both units, the property can accommodate larger families or multiple tenants.
First-Time Buyer Opportunity: The listing explicitly mentions a great opportunity for first-time buyers willing to invest sweat equity, suggesting potential for value appreciation through improvements.
Cons
Court Confirmation Required: The need for court confirmation adds complexity and potential delays to the purchase process.
Sweat Equity Needed: The property requires sweat equity, implying that it may need significant repairs or upgrades, which could deter some buyers.
Older Property: Built in 1907, the property may have outdated systems and require significant renovations to meet modern standards.