519 W Elm Avenue, Inglewood, California 90301, Inglewood, 90301 - 3 bed, 2 bath

519 W Elm Avenue, Inglewood, California 90301 home-pic-0
ACTIVE$1,399,999
519 W Elm Avenue, Inglewood, California 90301
3Beds
2Baths
1,928Sqft
8,866Lot
Year Built
1913
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$726
HOA
-
Days on market
-
Sold On
-
MLS number
25591197
Home ConditionFair
Features
Good View: City Lights
Spa
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.40M(93th), sqft - 1928(57th), beds - 3(50th), baths - 2(50th).

Rich historic character meets an abundance of private outdoor space at this 1913 Craftsman home on an extra-large, double-gated lot with two separate bonus units for extended family or extra income opportunity. Exposed beams, original hardwood floors, and a vintage wood-burning fireplace with built-in mantle lend style and warmth to the main living area. The large living and formal dining rooms open to a full kitchen, sunny breakfast nook, and an elongated wet bar or butler's pantry. There are two large bedrooms with walk-in closets, plus a third bedroom and dedicated bathroom at the rear of the home that can be separated into a private guest suite. The massive 8,866-sq-ft lot, kept private behind walls and two remote security gates, features a variety of different spaces: dedicated parking for six large vehicles, two grassy gated yards for the main home, a rear spa and sitting area for the main home, two storage structures, an outdoor laundry closet, and dedicated outdoor space for each of the two bonus units. The studio with high ceilings closest to the home is vacant, and an occupied one-bedroom unit can be vacated before the end of the year.

Price History

Date
Event
Price
09/11/25
Listing
$1,399,999
Condition Rating
Fair

Built in 1913, this Craftsman home retains original character like hardwood floors and exposed beams. The kitchen features updated stainless steel appliances, granite countertops, and wood cabinets, which appear functional and well-maintained but reflect a renovation likely 10-20 years old rather than brand new. One bathroom shows a more recent, modern tile shower, while another vanity area appears older but clean. Despite these updates and good cosmetic condition, the property's age (111 years) strongly suggests that major systems (plumbing, electrical, HVAC) are likely outdated and may require substantial investment for modernization, as highlighted in the property analysis. This aligns with the 'Fair' category, indicating an aged but maintained home with functional components that show signs of being outdated.
Pros & Cons

Pros

Income-Generating Potential: The property includes two separate bonus units (one vacant, one can be vacated), offering significant opportunities for rental income or multi-generational living arrangements.
Historic Craftsman Charm: Built in 1913, the home boasts rich historic character with original hardwood floors, exposed beams, and a vintage wood-burning fireplace, appealing to buyers seeking classic architectural style.
Exceptional Privacy & Security: Situated on an extra-large, double-gated lot (8,866 sq-ft) with perimeter walls, providing superior privacy and security for residents and vehicles.
Abundant Outdoor Space & Amenities: The massive lot features a variety of distinct outdoor areas, including two grassy yards, a rear spa and sitting area, storage structures, and dedicated outdoor space for each bonus unit.
Ample Parking & Flexible Living: Dedicated parking for six large vehicles is a significant advantage, complemented by a flexible interior layout that includes a third bedroom/bathroom convertible into a private guest suite.

Cons

Age-Related Maintenance/Upgrades: As a 1913 build, the property likely has original systems (plumbing, electrical, HVAC) that may require significant investment for modernization or repair to meet contemporary standards and efficiency.
Pricing Discrepancy: The current listing price is 5% above the estimated property value, which could impact buyer perception and potentially lead to a longer time on market or negotiation challenges.
Occupied Bonus Unit: While an income opportunity, one bonus unit is currently occupied and 'can be vacated before the end of the year,' which might introduce a delay or logistical challenge for a buyer wanting immediate full control or renovation.

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