Realkey.ai
RealKey
‪(213) 433-7766‬

4905 Morgan Avenue, Los Angeles, California 90011, Los Angeles, 90011 - 2 bed, 2 bath

4905 Morgan Avenue, Los Angeles, California 90011 home-pic-0
ACTIVE$515,000$985/sqft
Est. Value: $474,500
-7%
AboveEstimate
4905 Morgan Avenue, Los Angeles, California 90011
2Beds
2Baths
985Sqft
2,347Lot

Price Vs. Estimate

The estimated value ($474,499.515) is $40,500.485 (7%) lower than the list price ($515,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income Potential & Versatility: The converted garage offers significant income potential or flexible living arrangements (guest, office, in-law suite), appealing to investors, multigenerational families, or those seeking added value.
Top Cons:
Overpriced Relative to Market Estimation: The current listing price of $515,000 is notably higher than the property's estimated value of approximately $474,500, suggesting it may be overpriced based on current market analytics.

Compared to the nearby listings

Price:$515.0K vs avg $562.5K ($-47,500)28%
Size:985 sqft vs avg 1,138.5 sqft28%
Price/sqft:$523 vs avg $52250%

More Insights

Built in 1924 (102 years old).
Condition: Despite being built in 1924, this property has undergone significant and thoughtful modern upgrades, making it move-in ready. The kitchen features contemporary white shaker cabinets, stainless steel appliances, modern countertops, and wood-look flooring. The bathroom showcases updated wood-look wall tiles and hexagonal floor tiles, along with modern fixtures. Key system updates include central heating and air conditioning, newer windows, and fresh interior/exterior paint. While extensively renovated and well-maintained, it doesn't quite meet the 'virtually new' standard of an 'Excellent' score, as some elements like the exterior concrete show minor wear, and it's not a brand-new construction or a full gut renovation within the last 5 years.
Year Built
1924
Close
-
List price
$515K
Original List price
$525K
Price/Sqft
$523
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2509054
Home ConditionGood
Features
Patio
View-

About this home

Welcome to 4905 Morgan Avenue — a move-in-ready Los Angeles home with income potential in the heart of ZIP code 90011. This rare opportunity blends classic 1920s character with modern upgrades and a versatile layout perfect for investors, multigenerational living, or first-time buyers seeking added value. Built in 1924 and thoughtfully updated, the main home offers approximately 735 sq. ft. with 2 bedrooms, 1 full bathroom, an open-concept living space, and an updated kitchen with stainless steel appliances. Enjoy the convenience of indoor laundry, newer windows, central heating and air conditioning, and fresh interior and exterior paint. A converted garage adds approximately 250 sq. ft. of bonus living space, functioning as a 1-bedroom, ¾-bathroom unit complete with a tiled shower—ideal for rental income, guest accommodations, home office, or private in-law suite. The property is securely gated and set back from the street, offering privacy, peace, and enhanced curb appeal in a vibrant urban community. With flexible use options—live in one and rent the other, create a dedicated workspace, or expand your lifestyle—this home provides outstanding value and long-term upside in the Los Angeles real estate market. Located within the Los Angeles Unified School District, close to local shopping, major transit routes, parks, and all the energy of Southeast LA, this property is positioned for both convenience and future growth. Buyer to verify all information prior to close of escrow. Don’t miss your chance to own a charming, updated income-producing property in one of Los Angeles' most dynamic neighborhoods. Schedule your private tour of 4905 Morgan Avenue today and discover comfort, opportunity, and smart investment potential in the heart of Los Angeles.

D
David Nevin
Listing Agent

Nearby schools

2/10
Holmes Avenue Elementary School
Public,•K-6•0.3mi
4/10
Ascot Avenue Elementary School
Public,•K-5•0.4mi
2/10
Hooper Avenue Elementary School
Public,•1-5•0.5mi
2/10
Aurora Elementary School
Public,•K-5•0.7mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.8mi
5/10
Lillian Street Elementary School
Public,•K-6•0.8mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.0mi
4/10
Nevin Avenue Elementary School
Public,•K-5•1.0mi
2/10
Harmony Elementary School
Public,•K-5•1.1mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•1.1mi
5/10
Pacific Boulevard School
Public,•K-5•1.3mi
4/10
Quincy Jones Elementary School
Public,•K-5•1.5mi
5/10
Estrella Elementary School
Public,•K-5•1.7mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•1.7mi
5/10
Twentieth Street Elementary School
Public,•K-5•1.7mi
6/10
Vernon City Elementary School
Public,•K-7•0.9mi
3/10
George Washington Carver Middle School
Public,•6-8•1.0mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.1mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.2mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•1.2mi
3/10
Henry T. Gage Middle School
Public,•6-8•2.0mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.9mi
4/10
Huntington Park Senior High School
Public,•9-12•1.7mi
5/10
Santee Education Complex
Public,•9-12•2.3mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.4mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•3.4mi
5/10
Felicitas And Gonzalo Mendez High
Public,•9-12•3.6mi

Price History

Date
Event
Price
02/23/18
Sold
$361,000
11/02/10
Sold
$107,000
05/03/02
Sold
$83,500
Condition Rating
Good
Despite being built in 1924, this property has undergone significant and thoughtful modern upgrades, making it move-in ready. The kitchen features contemporary white shaker cabinets, stainless steel appliances, modern countertops, and wood-look flooring. The bathroom showcases updated wood-look wall tiles and hexagonal floor tiles, along with modern fixtures. Key system updates include central heating and air conditioning, newer windows, and fresh interior/exterior paint. While extensively renovated and well-maintained, it doesn't quite meet the 'virtually new' standard of an 'Excellent' score, as some elements like the exterior concrete show minor wear, and it's not a brand-new construction or a full gut renovation within the last 5 years.
Pros & Cons

Pros

Income Potential & Versatility: The converted garage offers significant income potential or flexible living arrangements (guest, office, in-law suite), appealing to investors, multigenerational families, or those seeking added value.
Modern Upgrades & Move-in Ready: The main home has been thoughtfully updated with an updated kitchen, stainless steel appliances, indoor laundry, newer windows, central heating and air conditioning, and fresh paint, making it move-in ready.
Privacy & Enhanced Curb Appeal: The property is securely gated and set back from the street, providing privacy and contributing to enhanced curb appeal.
Central Heating and Air Conditioning: A key modern amenity explicitly mentioned, ensuring comfort year-round, which is a significant upgrade for a 1924-built home.
Strategic Urban Location: Situated in a vibrant urban community in Los Angeles (ZIP code 90011), close to local shopping, major transit routes, and parks, offering convenience and potential for future growth.

Cons

Overpriced Relative to Market Estimation: The current listing price of $515,000 is notably higher than the property's estimated value of approximately $474,500, suggesting it may be overpriced based on current market analytics.
Small Overall Square Footage: With a main home of 735 sq ft and a bonus space of 250 sq ft, the total living area of 985 sq ft is relatively compact, which might limit appeal for buyers seeking more spacious accommodations.
Uncertain Permitting for Bonus Unit: While the converted garage functions as a separate unit for income, the description does not explicitly confirm it is a fully permitted Accessory Dwelling Unit (ADU), which could present compliance risks or require further investment for full legalization.
Browse Properties by State Browse housing market trends by state