5134 Veronica Street, Los Angeles, California 90008, Los Angeles, 90008 - 3 bed, 2 bath
ACTIVE$1,250,000
5134 Veronica Street, Los Angeles, California 90008
3Beds
2Baths
2,256Sqft
9,844Lot
Price Vs. Estimate
The estimated value ($723,520.93) is $526,479.07 (42%) lower than the list price ($1,250,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9844, living area = 2256.
Top Cons:
Significant Overpricing: The current list price of $1,250,000 is substantially higher than the property's estimated value of $723,520.93, indicating a potential overvaluation relative to market data.
Compared to the nearby listings
Price:$1.25M vs avg $1.32M ($-75,000)45%
Size:2,256 sqft vs avg 1,972 sqft65%
Price/sqft:$554 vs avg $65630%
More Insights
Built in 1955 (70 years old).
Condition: The property, built in 1955, is described as 'beautifully maintained' but shows significant signs of being outdated in key areas. The kitchen features original-style wood cabinets, dated countertops, acoustic ceiling tiles, and fluorescent lighting, requiring a full renovation. Both bathrooms are highly dated with 1950s/60s-style pink and turquoise tiles, old vanities, and fixtures, also necessitating major updates. While some areas have newer laminate flooring and recessed lighting, the presence of popcorn ceilings throughout and the absence of central air conditioning (as noted in the AI analysis) indicate that major systems and finishes are functional but show their age. The home is livable and appears well-kept, but substantial cosmetic and functional updates are needed to meet modern standards, aligning with the 'fair' condition criteria.
Year Built
1955
Close
-
List price
$1.25M
Original List price
$1.5M
Price/Sqft
$554
HOA
-
Days on market
-
Sold On
-
MLS number
IV25099259
Home ConditionFair
Features
Excellent View: City Lights, Hills, Mountain(s)
ViewCity Lights,Hills,Mountain(s)
About this home
Price Reduction…Standard SALE!!!! Welcome to 5134 Veronica Street — A Hidden Gem in the Hills of Los Angeles! Nestled in one of the most sought-after neighborhoods of Los Angeles, this beautifully maintained 3-bedroom, 2-bathroom home offers breathtaking panoramic views of the city skyline. With a bonus room that’s perfect for a home office, gym, or guest space, this residence combines comfort, functionality, and endless potential. Step into a light-filled interior featuring an open-concept layout, spacious living areas, and large windows that frame sweeping views of downtown L.A. Whether you’re entertaining guests or enjoying a quiet evening, the city lights create an unforgettable backdrop. Ideally located just minutes from major freeways, shopping centers, trendy dining spots, and LAX, this home offers both convenience and tranquility. Homes in this area rarely come on the market — don’t miss your opportunity to own a piece of Los Angeles with a view that truly speaks for itself. Copy this link for virtual tour. https://my.matterport.com/show/?m=zz8GtufbRb2
Nearby schools
3/10
Hillcrest Drive Elementary School
Public,•K-5•0.5mi
6/10
Baldwin Hills Elementary School
Public,•K-5•0.8mi
2/10
Coliseum Street Elementary School
Public,•K-5•0.8mi
3/10
Windsor Hills Math Science
Public,•K-5•1.2mi
5/10
Cienega Elementary School
Public,•K-5•1.4mi
5/10
Virginia Road Elementary School
Public,•K-5•1.5mi
6/10
Marvin Elementary School
Public,•K-5•1.5mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.6mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.0mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.1mi
6/10
Linwood E. Howe Elementary School
Public,•K-5•2.1mi
9/10
Farragut Elementary School
Public,•K-5•2.5mi
2/10
Audubon Middle School
Public,•6-8•1.6mi
7/10
Culver City Middle School
Public,•6-8•2.6mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.7mi
3/10
Daniel Webster Middle School
Public,•6-8•4.6mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.9mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.9mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•2.4mi
8/10
Culver City High School
Public,•9-12•2.6mi
Condition Rating
Fair
The property, built in 1955, is described as 'beautifully maintained' but shows significant signs of being outdated in key areas. The kitchen features original-style wood cabinets, dated countertops, acoustic ceiling tiles, and fluorescent lighting, requiring a full renovation. Both bathrooms are highly dated with 1950s/60s-style pink and turquoise tiles, old vanities, and fixtures, also necessitating major updates. While some areas have newer laminate flooring and recessed lighting, the presence of popcorn ceilings throughout and the absence of central air conditioning (as noted in the AI analysis) indicate that major systems and finishes are functional but show their age. The home is livable and appears well-kept, but substantial cosmetic and functional updates are needed to meet modern standards, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9844, living area = 2256.
Great Schools: Elementary School: Farragut Elementary School (9/10).
Panoramic City Views: The property offers breathtaking panoramic views of the city skyline and downtown L.A., creating an unforgettable backdrop and enhancing its desirability.
Desirable Location: Nestled in a sought-after neighborhood in the Hills of Los Angeles, providing both exclusivity and convenient access to major freeways, shopping, dining, and LAX.
Versatile Bonus Room: Includes a bonus room perfect for a home office, gym, or guest space, adding significant functional flexibility to the living area.
Open Concept & Natural Light: Features a light-filled interior with an open-concept layout and large windows, promoting a spacious and inviting atmosphere.
Well-Maintained Condition: Described as a 'beautifully maintained' home, suggesting a good state of repair and potentially fewer immediate maintenance concerns for a buyer.
Cons
Significant Overpricing: The current list price of $1,250,000 is substantially higher than the property's estimated value of $723,520.93, indicating a potential overvaluation relative to market data.
Potential for Dated Systems/Finishes: Built in 1955, and while 'beautifully maintained,' the description lacks specific mentions of recent major upgrades (e.g., kitchen, bathrooms, HVAC), suggesting key systems or finishes may be original or require modernization to compete with updated comparables.
Absence of Central Air Conditioning: The property description does not mention a cooling system, which could be a significant drawback and an additional cost for buyers in the Los Angeles climate, especially when comparable properties offer central AC.