5100 8th Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 2 bed, 1 bath
ACTIVE$600,000
5100 8th Avenue, Los Angeles, California 90043
2Beds
1Bath
934Sqft
6,468Lot
Year Built
1921
Close
-
List price
$600K
Original List price
$650K
Price/Sqft
$642
HOA
-
Days on market
-
Sold On
-
MLS number
TR25017837
Home ConditionPoor
Features
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,6 Pros. Rank: price - $600.0K(11th), sqft - 934(5th), beds - 2(26th), baths - 1(23th).
Nearby schools
3/10
Angeles Mesa Elementary School
Public,•K-5•0.3mi
2/10
Forty-Second Street Elementary School
Public,•K-5•0.7mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.8mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.1mi
2/10
Yes Academy
Public,•K-5•1.1mi
3/10
Windsor Hills Math Science
Public,•K-5•1.7mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.8mi
4/10
Centinela Elementary School
Public,•K-6•1.8mi
1/10
Lane (Warren) Elementary School
Public,•K-6•2.1mi
2/10
Audubon Middle School
Public,•6-8•0.9mi
2/10
Barack Obama Global Preparation Academy
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•3.0mi
2/10
Crozier (George W.) Middle School
Public,•7-8•3.3mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•4.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.2mi
2/10
Inglewood High School
Public,•9-12•3.0mi
2/10
George Washington Preparatory High School
Public,•9-12•4.3mi
9/10
Middle College High School
Public,•9-12•6.5mi
Condition Rating
Poor
Built in 1921, this property shows significant age and a clear lack of modern updates, as indicated by the property analysis stating 'substantial renovation and modernization' is required. The exterior image reveals a faded facade, an unlandscaped yard, and general wear and tear consistent with a home that has not undergone recent maintenance or renovation. Without interior photos, it's highly probable that the kitchen and bathroom are severely outdated and require complete overhauls, along with other major systems. The property is not move-in ready and demands extensive rehabilitation.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Prime Location: Situated in the desirable Park Hills Heights, offering convenient access to major freeways (10, 110, 405, 105), USC, SoFi Stadium, and LAX, enhancing its long-term appeal and potential for appreciation.
Generous Lot Size: The 6,468 sqft lot provides ample space for potential expansion, creative landscaping, or the addition of an Accessory Dwelling Unit (ADU), which is a significant value-add in the Los Angeles market.
Price Adjustment: The recent price reduction from $650,000 to $600,000 demonstrates seller flexibility and makes the property more competitive and attractive to value-conscious buyers.
Historic Charm: Built in 1921, the property likely possesses original architectural details and character, appealing to buyers who appreciate period homes and the potential for restoration.
Investment Opportunity: With its solid location and large lot, the property presents a strong opportunity for investors or owner-occupants willing to undertake renovations to significantly increase its equity and rental potential.
Cons
Significant Renovation Needs: The property's age (1921) and the absence of described modern updates suggest it requires substantial renovation and modernization to meet current buyer expectations and compete with recently updated comparables.
Overpriced Relative to Valuation: The current list price of $600,000 is considerably higher (24% difference) than the estimated property value of $455,281.915, indicating potential overpricing in its current condition.
Extended Days on Market: Having been active since February 5, 2025 (approximately 5 months), the property has a longer market tenure compared to recent sales, which could signal buyer hesitation due to price or condition.