5505 E 6th, East Los Angeles, California 90022, East Los Angeles, 90022 - 3 bed, 2 bath
ACTIVE$960,000
5505 E 6th, East Los Angeles, California 90022
3Beds
2Baths
1,589Sqft
5,307Lot
Price Vs. Estimate
The estimated value ($932,069.87) is $27,930.13 (2%) lower than the list price ($960,000). This property may be overpriced.
Key pros and cons
Top Pros:
Excellent Maintenance & Upgrades: The property is described as 'very well maintained' with 'many upgrades,' suggesting a high standard of care and recent improvements that enhance its appeal.
Top Cons:
Age of Property: Built in 1929, the property is nearly a century old, which may imply potential for aging infrastructure (e.g., plumbing, electrical) or require specific maintenance considerations despite recent upgrades.
Compared to the nearby listings
Price:$960.0K vs avg $670.0K (+$290,000)97%
Size:1,589 sqft vs avg 1,052 sqft90%
Price/sqft:$604 vs avg $60350%
More Insights
Built in 1929 (96 years old).
Condition: Despite being built in 1929, the property has undergone significant and recent renovations, particularly in the kitchens and at least one bathroom. The kitchens feature modern white shaker cabinets, stainless steel appliances, light countertops, subway tile backsplashes, and recessed lighting, indicating updates within the last 5-15 years. One bathroom showcases contemporary dark large-format tiling. While the exterior and some general areas retain an older charm, the critical living spaces are move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria for extensively renovated properties.
Year Built
1929
Close
-
List price
$960K
Original List price
$960K
Price/Sqft
$604
HOA
-
Days on market
-
Sold On
-
MLS number
CV25234641
Home ConditionGood
Features
Patio
View-
About this home
Very well maintained porperty located near many shops and dining near by. has been family owned for over 30 years. upgraded living quarters recently added with permits. Can be used for seperate living quarters if needed. Many upgrades must see to appreciate.
Price History
Date
Event
Price
11/22/19
Sold
$500,000
Condition Rating
Good
Despite being built in 1929, the property has undergone significant and recent renovations, particularly in the kitchens and at least one bathroom. The kitchens feature modern white shaker cabinets, stainless steel appliances, light countertops, subway tile backsplashes, and recessed lighting, indicating updates within the last 5-15 years. One bathroom showcases contemporary dark large-format tiling. While the exterior and some general areas retain an older charm, the critical living spaces are move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria for extensively renovated properties.
Pros & Cons
Pros
Excellent Maintenance & Upgrades: The property is described as 'very well maintained' with 'many upgrades,' suggesting a high standard of care and recent improvements that enhance its appeal.
Permitted Auxiliary Living Space: The addition of 'upgraded living quarters recently added with permits' provides flexibility for rental income, multi-generational living, or a dedicated home office, adding significant value and utility.
Desirable Location: Situated 'near many shops and dining,' the property benefits from convenient access to amenities, enhancing its lifestyle appeal and potential for appreciation.
Long-Term Ownership Stability: Having been 'family owned for over 30 years' often indicates a well-cared-for home and a stable, established presence within the community.
Legal & Quality Improvements: The explicit mention of 'permits' for the upgraded living quarters assures buyers of the legality and likely quality of the renovations, reducing potential future issues.
Cons
Age of Property: Built in 1929, the property is nearly a century old, which may imply potential for aging infrastructure (e.g., plumbing, electrical) or require specific maintenance considerations despite recent upgrades.
Lack of Specific View: The property description indicates 'None' for views, which could be a drawback for buyers prioritizing scenic outlooks, potentially limiting its market appeal compared to properties with desirable views.
Listing Price vs. Estimated Value: The current listing price of $960,000 is slightly above the estimated value of $931,943.64, which might lead to buyer scrutiny or negotiation challenges.