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4903 Barstow, Los Angeles, California 90032, Los Angeles, 90032 - 2 bed, 1 bath

4903 Barstow, Los Angeles, California 90032 home-pic-0
ACTIVE$599,000$704/sqft
Est. Value: $544,024
-9%
AboveEstimate
4903 Barstow, Los Angeles, California 90032
2Beds
1Bath
704Sqft
3,054Lot

Price Vs. Estimate

The estimated value ($544,024.355) is $54,975.645 (9%) lower than the list price ($599,000). This property may be overpriced.

Key pros and cons

Top Pros:
Immediate Income Stream: The property is tenant-occupied with a reliable month-to-month tenant, providing immediate rental income and flexibility for future investment strategies or owner-occupancy plans.
Top Cons:
Restricted Access for Due Diligence: The 'drive-by only' and 'do not disturb tenant' restrictions severely limit a buyer's ability to conduct thorough interior inspections and assessments, posing a risk for due diligence.

Compared to the nearby listings

Price:$599.0K vs avg $860.0K ($-261,000)10%
Size:704 sqft vs avg 1,258 sqft4%
Price/sqft:$851 vs avg $68777%

More Insights

Built in 1924 (102 years old).
Condition: Built in 1924, this property shows significant signs of age and deferred maintenance. The kitchen features very outdated yellow laminate countertops, old white appliances, and basic, worn cabinets. The bathroom has dated tile and fixtures. Flooring consists of old, worn carpet and heavily distressed hardwood that requires refinishing. There is no central HVAC, relying on a window AC unit. Overall, the property requires substantial repairs and rehabilitation to bring it to modern living standards, aligning with the 'Poor' condition criteria.
Year Built
1924
Close
-
List price
$599K
Original List price
$599K
Price/Sqft
$851
HOA
-
Days on market
-
Sold On
-
MLS number
GD25276288
Home ConditionPoor
Features
Patio
ViewTrees/Woods

About this home

Excellent investment opportunity located at 4903 Barstow, Los Angeles, in the El Sereno neighborhood—one of Northeast L.A.’s most desirable and well-established areas. This 2-bedroom bungalow is tenant-occupied with a reliable month-to-month tenant who pays rent on time, providing immediate income with flexibility for future plans. The property sits on a generous lot and offers strong long-term appreciation potential in a high-demand rental area. Conveniently located near shopping, dining, schools, public transportation, and major freeways, making it attractive to both tenants and future owner-users. Enjoy the best of Northeast L.A. with quick access to local coffee shops and cafés, trails at Ernest E. Debs Regional Park, the South Pasadena Farmers Market, and all the happenings in Highland Park and South Pasadena. A great opportunity to own in one of Los Angeles’ most creative and evolving pockets. With limited inventory of bungalows in this area, this is an excellent opportunity for investors looking to expand their portfolio, secure a low-maintenance rental, or reposition the property in the future. A solid, income-producing asset with upside potential in a growing Los Angeles market. Buyer to verify all information. Drive-by only—please do not disturb tenant.

V
Vartan Achabahian
Listing Agent

Price History

Date
Event
Price
04/16/24
Sold
$465,000
Condition Rating
Poor
Built in 1924, this property shows significant signs of age and deferred maintenance. The kitchen features very outdated yellow laminate countertops, old white appliances, and basic, worn cabinets. The bathroom has dated tile and fixtures. Flooring consists of old, worn carpet and heavily distressed hardwood that requires refinishing. There is no central HVAC, relying on a window AC unit. Overall, the property requires substantial repairs and rehabilitation to bring it to modern living standards, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Immediate Income Stream: The property is tenant-occupied with a reliable month-to-month tenant, providing immediate rental income and flexibility for future investment strategies or owner-occupancy plans.
Desirable Northeast LA Location: Situated in El Sereno, a well-established and evolving neighborhood in Northeast Los Angeles, known for strong long-term appreciation potential and high rental demand.
Excellent Connectivity & Local Amenities: Conveniently located with quick access to major freeways, public transportation, shopping, dining, and vibrant local attractions including parks, coffee shops, and markets.
Upside Potential on Generous Lot: The generous lot size offers significant potential for future expansion, landscaping improvements, or the addition of an Accessory Dwelling Unit (ADU), enhancing long-term value.
Scarcity in Market: Positioned as a limited inventory bungalow in a high-demand area, making it a unique and attractive asset for investors looking to expand their portfolio.

Cons

Restricted Access for Due Diligence: The 'drive-by only' and 'do not disturb tenant' restrictions severely limit a buyer's ability to conduct thorough interior inspections and assessments, posing a risk for due diligence.
Age of Property & Condition Uncertainty: Built in 1924, the property's age suggests potential for significant deferred maintenance, outdated systems, or necessary renovations, especially given the lack of interior access for evaluation.
Compact Living Space: With only 704 sqft, the 2-bedroom, 1-bath layout is relatively small, which may limit its appeal to certain buyer segments or families seeking more spacious accommodations.
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