5648 Corbett Street, Los Angeles, California 90016, Los Angeles, 90016 - 2 bed, 1 bath
ACTIVE$487,999
5648 Corbett Street, Los Angeles, California 90016
2Beds
1Bath
773Sqft
30,055Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Financial Incentive: The property is located in a census tract that qualifies for a $20,000 grant, offering a substantial financial benefit to eligible buyers.
Top Cons:
High Monthly Association Fee: A $400 monthly association fee for a 773 sqft condo is relatively high and can significantly impact the overall cost of ownership.
Compared to the nearby listings
Price:$488.0K vs avg $557.0K ($-69,001)25%
Size:773 sqft vs avg 898 sqft10%
Price/sqft:$631 vs avg $62550%
More Insights
Built in 1948 (77 years old).
Condition: The condo unit has been recently updated with modern finishes, including sleek laminate flooring throughout, brand-new quartz countertops, and stainless steel appliances in the kitchen. The bathroom also features contemporary updates with a new vanity and wood-look tile in the shower. The property is described as 'move-in ready' and the images support a clean, updated interior. While the building was constructed in 1948, the unit's interior renovations appear recent and extensive enough to qualify it as being in 'Good' condition, requiring no immediate updates.
Year Built
1948
Close
-
List price
$488K
Original List price
$488K
Price/Sqft
$631
HOA
$400
Days on market
-
Sold On
-
MLS number
25510671
Home ConditionGood
Features
View-
About this home
Welcome to this Stylish Condo located between Baldwin Vista and Mid-City. Discover this updated 2-bedroom, 1-bathroom unit on Corbett Street, offering a perfect blend of modern style and comfort. The interior boasts sleek laminate flooring, complemented by stainless steel appliances and brand-new quartz countertops in the kitchen, creating a contemporary feel with an inviting atmosphere. Located in a vibrant neighborhood with easy access to Metroline, shopping, dining, and entertainment, this home is ideal for those seeking convenience and style. Whether you're a first-time buyer or looking to downsize, this condo is move-in ready and waiting for you to call it home. This condo is located in a census tract which qualifies it for a $20,000 Grant. Contact us for more information.
Price History
Date
Event
Price
08/11/97
Sold
$24,000
Condition Rating
Good
The condo unit has been recently updated with modern finishes, including sleek laminate flooring throughout, brand-new quartz countertops, and stainless steel appliances in the kitchen. The bathroom also features contemporary updates with a new vanity and wood-look tile in the shower. The property is described as 'move-in ready' and the images support a clean, updated interior. While the building was constructed in 1948, the unit's interior renovations appear recent and extensive enough to qualify it as being in 'Good' condition, requiring no immediate updates.
Pros & Cons
Pros
Significant Financial Incentive: The property is located in a census tract that qualifies for a $20,000 grant, offering a substantial financial benefit to eligible buyers.
Modern & Updated Interior: The unit boasts sleek laminate flooring, stainless steel appliances, and brand-new quartz countertops in the kitchen, providing a contemporary and inviting living space.
Move-in Ready Condition: Explicitly described as 'move-in ready,' this condo minimizes immediate renovation costs and allows for a smooth transition for new owners.
Prime Location & Accessibility: Situated in a vibrant neighborhood between Baldwin Vista and Mid-City, offering easy access to Metroline, shopping, dining, and entertainment.
Targeted Buyer Appeal: The property is ideal for first-time buyers or those looking to downsize, indicating a strong market fit for specific demographic segments.
Cons
High Monthly Association Fee: A $400 monthly association fee for a 773 sqft condo is relatively high and can significantly impact the overall cost of ownership.
Limited Square Footage: With 773 sqft, the unit offers limited living space, which may not be suitable for buyers seeking more room or those with growing families.
Age of Building: Built in 1948, the building is over 75 years old. While the interior is updated, the age of the overall structure and common systems could lead to potential future maintenance issues or special assessments.