5038 Inadale Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 2 bed, 2 bath

5038 Inadale Avenue, Los Angeles, California 90043 home-pic-0
ACTIVE UNDER CONTRACT$900,000
5038 Inadale Avenue, Los Angeles, California 90043
2Beds
2Baths
1,373Sqft
5,069Lot
Year Built
1939
Close
-
List price
$900K
Original List price
$1.05M
Price/Sqft
$655
HOA
-
Days on market
-
Sold On
-
MLS number
24401935
Home ConditionPoor
Features
Pool
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 25% below the list price. We found 4 Cons,5 Pros. Rank: price - $900.0K(54th), sqft - 1373(40th), beds - 2(26th), baths - 2(50th).

COURT CONFIRMATION HEARING (see docs for Report of Sale) to be held FEBRUARY 7, 2025 at 8:30am IN DEPARTMENT 9 of Los Angeles Superior Court located at 111 North Hill Street. MINIMUM OVER-BID IS $929,750. ALL CASH OFFERS ONLY DUE TO CONDITION. No Contingencies allowed in court. This 2 bedroom 1 1/2 bath residence boasts timeless features and modern updates, making it the perfect place to call home. You can enjoy a cozy fireplace in both the living room and the family room where you have a view of the backyard through large French doors. The kitchen has been updated with new cabinets, countertops and stainless-steel appliances. The swimming pool, after repair, makes this a great back yard for entertaining. With some TLC this home is perfect for your buyer that wants it all. Windsor Hills is known for its tree-lined streets, friendly community, and convenient proximity to amenities. You'll find local parks, shopping centers, and excellent schools just a short drive away. Buyer to verify square footage (lot and structure) and all MLS information. Broker and broker's agents do not represent or guarantee the accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/ dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, or other information concerning the condition or features of the property. The buyer is advised to independently verify the accuracy of all information. Pool is empty and will not be filled.

Nearby schools

3/10
Windsor Hills Math Science
Public,K-50.3mi
2/10
Fifty-Fourth Street Elementary School
Public,K-50.5mi
3/10
Hillcrest Drive Elementary School
Public,K-51.2mi
6/10
Baldwin Hills Elementary School
Public,K-51.9mi
2/10
Audubon Middle School
Public,6-81.5mi
3/10
Parent (Frank D.) Elementary School
Public,K-81.6mi
1/10
Horace Mann Junior High School
Public,6-82.7mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,9-121.2mi
2/10
Susan Miller Dorsey Senior High School
Public,9-121.9mi
2/10
Inglewood High School
Public,9-122.4mi

Price History

Date
Event
Price
03/06/25
Sold
$885,000
Condition Rating
Poor

Built in 1939, this property is explicitly listed as 'ALL CASH OFFERS ONLY DUE TO CONDITION' and requires 'some TLC,' indicating substantial repairs are needed. The bathroom is severely outdated with original-era pink and green tiling and fixtures, necessitating a complete renovation. The swimming pool is empty and requires significant repair. While the kitchen is described as updated, the overall condition and the 'all cash' requirement suggest deeper issues beyond cosmetic, making it uncomfortable and requiring substantial investment to bring it to modern standards.
Pros & Cons

Pros

Updated Kitchen: The kitchen has been recently updated with new cabinets, countertops, and stainless-steel appliances, offering a modern and functional space.
Desirable Location: Situated in the sought-after Windsor Hills neighborhood, known for its tree-lined streets, friendly community, and convenient access to local amenities and schools.
Classic Charm with Dual Fireplaces: The residence boasts timeless architectural features, including cozy fireplaces in both the living room and the family room, adding character and warmth.
Backyard Entertainment Potential: The property includes a swimming pool, which, once repaired, offers significant potential for a great backyard entertaining space.
French Doors & Natural Light: Large French doors in the family room provide a pleasant view of the backyard and enhance natural light within the home.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-03-06. The sold price is $885,000.00.
Court Confirmation & All-Cash Requirement: The property is subject to a court confirmation hearing, requiring all-cash offers and disallowing contingencies, significantly limiting the buyer pool.
Requires Significant Investment/TLC: The property is explicitly stated to need 'some TLC' and the swimming pool requires repair, indicating additional investment will be necessary post-purchase.
Minimum Over-Bid & Price Dynamics: The sale involves a minimum over-bid of $929,750, which is higher than the current list price of $900,000, potentially creating a higher effective entry cost and complexity for buyers.

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