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573 Belden Avenue, Los Angeles, California 90022, Los Angeles, 90022 - 2 bed, 2 bath

573 Belden Avenue, Los Angeles, California 90022 home-pic-0
ACTIVE UNDER CONTRACT$650,000
573 Belden Avenue, Los Angeles, California 90022
2Beds
2Baths
884Sqft
4,313Lot

Price Vs. Estimate

The estimated value ($597,433.45) is $52,566.55 (8%) lower than the list price ($650,000). This property may be overpriced.

Key pros and cons

Top Pros:
Development Potential: The property's LCR3YY zoning offers significant development potential, appealing to investors or those looking to expand in the future.
Top Cons:
Age of Property: Built in 1924, the home's age suggests potential for outdated systems (plumbing, electrical, HVAC) and higher maintenance costs compared to newer constructions.

Compared to the nearby listings

Price:$650.0K vs avg $660.0K ($-10,000)47%
Size:884 sqft vs avg 1,034.5 sqft27%
Price/sqft:$735 vs avg $61573%

More Insights

Built in 1924 (101 years old).
Condition: Built in 1924, this property shows signs of being well-maintained but features significantly outdated elements. The kitchen, with its wood cabinetry and tiled countertops, and the bathrooms, with their dated tile patterns and fixtures, appear to have been renovated 20-30 years ago. While functional, these areas require substantial cosmetic updates to meet current market standards. The tile flooring throughout the living areas is also dated. The property is livable but needs minor to moderate updates and potential system checks due to its age, aligning with the 'Fair' condition criteria.
Year Built
1924
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$735
HOA
-
Days on market
-
Sold On
-
MLS number
25607145
Home ConditionFair
Features
View-

About this home

Welcome to 573 Belden Avenue, a charming single-story home in the heart of East Los Angeles, offering classic character, functional space, and room to make it your own. This gated property greets you with a spacious driveway, detached garage, and mature fruit trees that provide both shade and charm. The inviting front porch with its arched entry columns leads into a light-filled interior designed for comfort and versatility. Inside, you'll find a bright living and dining area with tile flooring and multiple windows that bring in natural light. The kitchen is thoughtfully laid out with wood cabinetry, tiled countertops, and plenty of storage, making it both practical and full of potential. Two generously sized bedrooms feature large windows and ample closet space, while two bathrooms offer convenience for family and guests alike. Additional highlights include a bonus space with its own bathroom, perfect for guests, a home office, or creative studio. The detached garage, long driveway, and gated front yard provide abundant parking and flexibility for future use. The backyard is a true blank canvas ideal for outdoor dining, gardening, or simply relaxing under the shade of your very own fruit trees. The lot is zoned LCR3YY and has development potential.

Price History

Date
Event
Price
07/26/95
Sold
$146,000
03/30/21
Sold
$510,000
10/22/08
Sold
$295,000
Condition Rating
Fair
Built in 1924, this property shows signs of being well-maintained but features significantly outdated elements. The kitchen, with its wood cabinetry and tiled countertops, and the bathrooms, with their dated tile patterns and fixtures, appear to have been renovated 20-30 years ago. While functional, these areas require substantial cosmetic updates to meet current market standards. The tile flooring throughout the living areas is also dated. The property is livable but needs minor to moderate updates and potential system checks due to its age, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Development Potential: The property's LCR3YY zoning offers significant development potential, appealing to investors or those looking to expand in the future.
Versatile Bonus Space: An additional bonus space with its own bathroom provides flexibility for use as a guest suite, home office, or creative studio, adding functional value.
Ample Parking & Security: A gated front yard, long driveway, and detached garage offer abundant parking options and enhanced security for residents.
Charming Character & Customization: The home boasts classic character with an inviting front porch and arched entry, providing a solid foundation for buyers to personalize and update.
Outdoor Space with Fruit Trees: The backyard is a true blank canvas with mature fruit trees, ideal for outdoor dining, gardening, or creating a private oasis.

Cons

Age of Property: Built in 1924, the home's age suggests potential for outdated systems (plumbing, electrical, HVAC) and higher maintenance costs compared to newer constructions.
Smaller Interior Square Footage: With 884 sqft, the interior living space is relatively compact, which may limit appeal for larger families or those desiring more expansive living areas.
Requires Updates/Renovations: Descriptions like 'room to make it your own' and 'full of potential' imply that significant modernization and investment may be needed to bring the property to current market standards.

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