5146 Chesley Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 2 bed, 1 bath
ACTIVE$850,000
5146 Chesley Avenue, Los Angeles, California 90043
2Beds
1Bath
1,020Sqft
7,000Lot
Price Vs. Estimate
The estimated value ($774,516.22) is $75,483.78 (8%) lower than the list price ($850,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Extensive Renovation Required: Built in 1923, the property's description implies a need for substantial cosmetic and potentially structural updates beyond the recently redone core systems to meet modern standards and maximize its value.
Compared to the nearby listings
Price:$850.0K vs avg $850.0K (+$0)50%
Size:1,020 sqft vs avg 1,490 sqft11%
Price/sqft:$833 vs avg $64895%
More Insights
Built in 1923 (102 years old).
Condition: Built in 1923, this property is aged but benefits significantly from recently redone water, sewer, and electrical panels, which are crucial system updates. The bathroom appears to have been recently updated with modern fixtures and tiling. However, other areas, including the living space with dated carpet, light fixtures, and a wall heater, show signs of being outdated. The absence of kitchen images, coupled with the description 'ready for someone to bring their own vision' and 'extensive renovation required' (from AI analysis), strongly suggests the kitchen is outdated and needs substantial renovation. While the core infrastructure is sound, the property requires significant cosmetic updates and rehabilitation in key areas to meet modern standards.
Year Built
1923
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$833
HOA
-
Days on market
-
Sold On
-
MLS number
DW25273035
Home ConditionFair
Features
Good View: None
Patio
View-
About this home
Welcome to this well-loved home offering great potential and a functional layout. The property features a completed redone water, sewer and electrical panel, a comfortable living space, a straightforward floor plan, and a generous lot that provides room to personalize. Inside, the home offers bright light and is ready for someone to bring their own vision. The backyard offers space for outdoor use and future improvements. Conveniently located near everyday amenities and major transportation routes, this home presents a great opportunity for buyers looking for value and the ability to make a property their own.
Nearby schools
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•0.6mi
3/10
Angeles Mesa Elementary School
Public,•K-5•0.7mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•1.0mi
2/10
Forty-Second 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•1.2mi
4/10
Centinela Elementary School
Public,•K-6•1.4mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.9mi
1/10
Lane (Warren) Elementary School
Public,•K-6•2.1mi
2/10
Audubon Middle School
Public,•6-8•1.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.5mi
1/10
Horace Mann Junior High School
Public,•6-8•1.9mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.5mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.9mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.9mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.3mi
2/10
Inglewood High School
Public,•9-12•2.6mi
2/10
George Washington Preparatory High School
Public,•9-12•4.3mi
9/10
Middle College High School
Public,•9-12•6.8mi
Condition Rating
Fair
Built in 1923, this property is aged but benefits significantly from recently redone water, sewer, and electrical panels, which are crucial system updates. The bathroom appears to have been recently updated with modern fixtures and tiling. However, other areas, including the living space with dated carpet, light fixtures, and a wall heater, show signs of being outdated. The absence of kitchen images, coupled with the description 'ready for someone to bring their own vision' and 'extensive renovation required' (from AI analysis), strongly suggests the kitchen is outdated and needs substantial renovation. While the core infrastructure is sound, the property requires significant cosmetic updates and rehabilitation in key areas to meet modern standards.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Updated Essential Infrastructure: The property benefits from recently redone water, sewer, and electrical panels, mitigating common concerns and significant costs associated with older homes.
Generous Lot Size: A substantial 7,000 sqft lot provides ample space for potential expansion, extensive landscaping, or creating diverse outdoor living and entertainment areas.
Prime Location & Accessibility: Conveniently situated near everyday amenities and major transportation routes, enhancing daily living and commute efficiency for residents.
Significant Value-Add Potential: Described as a 'well-loved home' with 'great potential' and 'ready for someone to bring their own vision,' it offers an excellent opportunity for buyers to customize and build equity.
Abundant Natural Light: The interior is noted for its 'bright light,' contributing to a more inviting and pleasant living environment throughout the home.
Cons
Extensive Renovation Required: Built in 1923, the property's description implies a need for substantial cosmetic and potentially structural updates beyond the recently redone core systems to meet modern standards and maximize its value.
Limited Interior Space: With only 1,020 sqft, 2 bedrooms, and 1 bathroom, the interior living space is relatively small, which may not suit larger families or those desiring more expansive rooms.
Subpar Local School Ratings: Several nearby public schools have low ratings (e.g., 1-3 out of 10), which could be a significant deterrent for families with school-aged children.