5025 4th Avenue, Leimert Park, California 90043, Leimert Park, 90043 - 3 bed, 2 bath
ACTIVE$899,000
5025 4th Avenue, Leimert Park, California 90043
3Beds
2Baths
1,638Sqft
5,806Lot
Price Vs. Estimate
The estimated value ($866,555.435) is $32,444.565 (3%) lower than the list price ($899,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Age of Property: Built in 1948, the underlying structure is older, which could lead to potential maintenance issues with original systems (plumbing, electrical, foundation) not explicitly mentioned as fully upgraded.
Compared to the nearby listings
Price:$899.0K vs avg $850.0K (+$49,000)54%
Size:1,638 sqft vs avg 1,496 sqft62%
Price/sqft:$549 vs avg $64726%
More Insights
Built in 1948 (77 years old).
Condition: The property, built in 1948, has undergone significant renovations, particularly in the kitchens, which feature modern white shaker cabinets, quartz countertops, and stainless steel appliances (Whirlpool dishwasher, gas range with modern hood, stainless steel refrigerator). Hardwood floors are present in the main house, and wood-look tile/laminate in the second unit, all appearing in good condition. A mini-split AC unit is visible, indicating a modern cooling system. While the bathrooms are functional and clean, they are more basic in style compared to the kitchens, preventing an 'Excellent' rating. However, the overall updates make the property move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Year Built
1948
Close
-
List price
$899K
Original List price
$899K
Price/Sqft
$549
HOA
-
Days on market
-
Sold On
-
MLS number
DW25161362
Home ConditionGood
Features
View-
About this home
Welcome to 5025 4th Ave- A Rare Investment opportunity! Renovated multi-unit property fantastic opportunity for both investors and homeowners alike. The main house 2 bedrooms 1 bathroom expose ceiling beams, hardwood floors and updated kitchen with quartz countertops. second unit 1 bedroom 1 bathroom open-concept layout with a large, updated kitchen and its own private entrance both units will deliver vacant. Plus a private detached approximately 300 sqft studio/playroom with bathroom. RV parking with sewer connection, plus lots of parking space!! Must see whether you're an investor or a homeowner looking for rental income!!.
Nearby schools
3/10
Angeles Mesa Elementary School
Public,•K-5•0.1mi
2/10
Forty-Second Street Elementary School
Public,•K-5•0.7mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.7mi
2/10
Yes Academy
Public,•K-5•1.2mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.3mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.7mi
3/10
Windsor Hills Math Science
Public,•K-5•1.9mi
4/10
Centinela Elementary School
Public,•K-6•2.0mi
1/10
Lane (Warren) Elementary School
Public,•K-6•2.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.8mi
2/10
Audubon Middle School
Public,•6-8•1.0mi
1/10
Horace Mann Junior High School
Public,•6-8•1.6mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•3.2mi
2/10
Crozier (George W.) Middle School
Public,•7-8•3.5mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•4.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.4mi
2/10
Inglewood High School
Public,•9-12•3.1mi
2/10
George Washington Preparatory High School
Public,•9-12•4.2mi
9/10
Middle College High School
Public,•9-12•6.4mi
Price History
Date
Event
Price
07/20/00
Sold
$139,500
08/21/14
Sold
$395,000
01/28/14
Sold
$212,000
Condition Rating
Good
The property, built in 1948, has undergone significant renovations, particularly in the kitchens, which feature modern white shaker cabinets, quartz countertops, and stainless steel appliances (Whirlpool dishwasher, gas range with modern hood, stainless steel refrigerator). Hardwood floors are present in the main house, and wood-look tile/laminate in the second unit, all appearing in good condition. A mini-split AC unit is visible, indicating a modern cooling system. While the bathrooms are functional and clean, they are more basic in style compared to the kitchens, preventing an 'Excellent' rating. However, the overall updates make the property move-in ready with no immediate renovations required, aligning with the 'Good' condition criteria for a property extensively renovated within the last 5-15 years.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Income-Generating Potential: The property is a renovated multi-unit (main house, second unit, detached studio with bath), explicitly marketed for investors and homeowners seeking rental income.
Recent Renovations & Modern Finishes: Features updated kitchens with quartz countertops, hardwood floors, and exposed ceiling beams, suggesting a move-in ready condition for tenants or owners.
Flexible Living/Rental Options: Comprises a 2B/1B main house, a 1B/1B second unit with a private entrance, and an additional ~300 sqft detached studio/playroom with a bathroom, offering diverse usage possibilities.
Vacant Delivery of Units: Both primary residential units will be delivered vacant, providing immediate flexibility for new owners to select tenants or occupy the property without existing lease obligations.
Ample Parking & RV Hookup: Includes significant parking space and dedicated RV parking with a sewer connection, a valuable and often sought-after amenity in urban environments.
Cons
Age of Property: Built in 1948, the underlying structure is older, which could lead to potential maintenance issues with original systems (plumbing, electrical, foundation) not explicitly mentioned as fully upgraded.
Subpar School Ratings: Several nearby public schools have low ratings (1-3), which may be a deterrent for families prioritizing highly-rated educational institutions and could impact long-term resale value to that demographic.
Listing Price Exceeds Estimated Value: The current listing price of $899,000 is slightly above the property's estimated value of $878,499.97, suggesting it may be priced at the higher end of market expectations and could require justification or negotiation.