545 E Fairview Boulevard, Inglewood, California 90302, Inglewood, 90302 - 2 bed, 2 bath
ACTIVE$865,000
545 E Fairview Boulevard, Inglewood, California 90302
2Beds
2Baths
1,080Sqft
5,708Lot
Price Vs. Estimate
The estimated value ($803,595.03) is $61,404.97 (7%) lower than the list price ($865,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Potential: The property boasts a large backyard explicitly noted as perfect for an Accessory Dwelling Unit (ADU) project, offering significant value-add and income-generating potential.
Top Cons:
Condition (Needs TLC): The property description explicitly states it 'needs some TLC,' indicating that significant renovation and repair costs will be required by the buyer.
Compared to the nearby listings
Price:$865.0K vs avg $840.0K (+$25,000)60%
Size:1,080 sqft vs avg 1,228 sqft40%
Price/sqft:$801 vs avg $77353%
More Insights
Built in 1923 (102 years old).
Condition: Built in 1923, this property is over 100 years old. The listing description explicitly states it 'needs some TLC' and is an 'opportunity for an investor or a buyer with vision,' indicating significant work is required. The images confirm this, showing a very outdated kitchen with old cabinets, laminate countertops, and dated flooring, along with an equally outdated bathroom. While the structure appears sound, the age of the home combined with the visible lack of modern updates suggests that major systems (electrical, plumbing, HVAC) are likely original or very old and would require substantial repairs and rehabilitation to meet current standards and comfort levels. This aligns with the 'Poor' condition criteria.
Year Built
1923
Close
-
List price
$865K
Original List price
$865K
Price/Sqft
$801
HOA
-
Days on market
-
Sold On
-
MLS number
25578445
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
Welcome to 545 E Fairview Blvd, a 2 bedroom, 2 bath home that need some TLC. Great opportunity for an investor or a buyer with vision. The property has a large back yard that is perfect for an ADU project. This is a standard sale and the property will be delivered vacant.
Price History
Date
Event
Price
04/23/01
Sold
$168,000
Condition Rating
Poor
Built in 1923, this property is over 100 years old. The listing description explicitly states it 'needs some TLC' and is an 'opportunity for an investor or a buyer with vision,' indicating significant work is required. The images confirm this, showing a very outdated kitchen with old cabinets, laminate countertops, and dated flooring, along with an equally outdated bathroom. While the structure appears sound, the age of the home combined with the visible lack of modern updates suggests that major systems (electrical, plumbing, HVAC) are likely original or very old and would require substantial repairs and rehabilitation to meet current standards and comfort levels. This aligns with the 'Poor' condition criteria.
Pros & Cons
Pros
ADU Potential: The property boasts a large backyard explicitly noted as perfect for an Accessory Dwelling Unit (ADU) project, offering significant value-add and income-generating potential.
Investor/Visionary Opportunity: Marketed as a 'great opportunity for an investor or a buyer with vision,' indicating substantial upside potential through renovation and strategic improvements.
City Lights View: The property offers desirable city lights views, enhancing its aesthetic appeal and potential market value.
Vacant Delivery: The home will be delivered vacant, simplifying the acquisition process for immediate occupancy or commencement of renovation without tenant-related complications.
Inglewood Location: Situated in Inglewood, a city experiencing significant revitalization and investment, offering potential for future appreciation and access to local amenities.
Cons
Condition (Needs TLC): The property description explicitly states it 'needs some TLC,' indicating that significant renovation and repair costs will be required by the buyer.
Age of Property: Built in 1923, the home is over 100 years old, suggesting potential for outdated systems, infrastructure, and unforeseen maintenance issues that contribute to the 'TLC' requirement.
Small Square Footage: With only 1080 square feet, the interior living space is relatively small for a single-family home, which may limit its appeal to buyers seeking more expansive living areas.