5747 Omaha Street, Los Angeles, California 90042, Los Angeles, 90042 - 1 bed, 1 bath
ACTIVE$565,000
5747 Omaha Street, Los Angeles, California 90042
1Bed
1Bath
592Sqft
3,202Lot
Year Built
1921
Close
-
List price
$565K
Original List price
$599K
Price/Sqft
$954
HOA
-
Days on market
-
Sold On
-
MLS number
RS25132655
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $565.0K(2th), sqft - 592(2th), beds - 1(4th), baths - 1(31th).
Great condo alternative in the trendy Highland Park community. Single-family residence with one bedroom, one bathroom, plus an additional room that could be an office space or a children's bedroom. Plenty of off-street parking in the front yard. Located within close driving distance from downtown Los Angeles, Pasadena, Glendale, and many more points of public interest. Great opportunity to remodel and make it your own!
Price History
Date
Event
Price
10/11/25
Price Change
$565,000-1.7%
08/27/25
Price Change
$575,000-2.5%
08/08/25
Price Change
$589,900-1.5%
06/12/25
$599,000
05/21/09
Sold
$109,000
09/29/06
Sold
$375,000
02/01/06
Sold
$320,000
Condition Rating
Poor
Built in 1921, this property is over 100 years old and shows significant signs of age and deferred maintenance. The listing description itself states it's a 'Great opportunity to remodel and make it your own,' indicating a need for substantial work. The bathroom is in particularly poor condition, with visible damage to the flooring and peeling paint on the walls, suggesting potential water damage or severe wear and tear that requires immediate and extensive repair. The kitchen appears dated with older cabinetry, though it has a modern stainless steel refrigerator. The exterior also looks neglected. Overall, the property requires substantial repairs and rehabilitation to be comfortably livable, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Desirable Highland Park Location: Situated in the 'trendy Highland Park community,' this property offers excellent proximity to major Los Angeles hubs like Downtown, Pasadena, and Glendale, enhancing its appeal and potential for appreciation.
Single-Family Home Advantage: As a 'single-family residence,' it provides the benefits of homeownership, such as privacy and no HOA fees, making it an attractive 'condo alternative' for many buyers.
Value-Add & Customization Potential: Described as a 'Great opportunity to remodel and make it your own,' this property appeals to buyers looking to personalize their living space and potentially increase its market value through renovations.
Ample Off-Street Parking: The availability of 'Plenty of off-street parking in the front yard' is a significant and highly desirable amenity in a dense urban area like Los Angeles.
Competitive Price Point: With a current list price of $565,000, following several reductions from the original $599,000 and being below the estimated value, the property is positioned as a potentially attractive investment for buyers.
Cons
Limited Living Space & Bedrooms: With only 'one bedroom, one bathroom' and a compact '592 sqft,' the property's small size significantly restricts its appeal to a narrow buyer demographic, primarily singles or couples.
Age and Renovation Requirements: Built in '1921,' the property is likely to require substantial renovation and updates, as suggested by the 'opportunity to remodel' description, which could entail significant additional costs and effort for a buyer.
History of Price Reductions: Multiple price drops from the original $599,000 to $565,000 indicate potential market resistance or initial overpricing, which might raise buyer concerns about its true market value or condition.