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5823 Madden Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 3 bed, 1 bath

5823 Madden Avenue, Los Angeles, California 90043 home-pic-0
ACTIVE$615,000
5823 Madden Avenue, Los Angeles, California 90043
3Beds
1Bath
1,296Sqft
4,808Lot
Year Built
1924
Close
-
List price
$615K
Original List price
$630K
Price/Sqft
$475
HOA
-
Days on market
-
Sold On
-
MLS number
DW25106594
Home ConditionPoor
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 34% below the list price. We found 3 Cons,6 Pros. Rank: price - $615.0K(12th), sqft - 1296(30th), beds - 3(50th), baths - 1(23th).

INVESTORS, FLIPPERS, VISIONARIES. An investment opportunity like no other! Take a look at this incredible 3 bedroom 1 bath Park Hills Heights home, an opportunity to break into one of LA’s desirable neighborhoods. With a garage conversion partially done, adding two bonus rooms to the property as it stands, an ADU would be a simple future addition as well. While the home needs some cosmetic love, the foundation has been reinforced, plumbing to the main line was redone, and a newer electrical panel installed. This home offers the perfect foundation for your vision—whether you're looking to renovate and resell, build equity, or create your dream home. All that’s left is to bring your finishing touches to unlock this property’s full potential. Don’t miss this chance to capitalize on a rare fixer in a sought-after location minutes away from Sofi Stadium, Kia Forum, USC, and some of Los Angeles’ major historical venues and shopping centers. PRICED TO SELL! Don’t miss out.

Nearby schools

2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.4mi
3/10
Angeles Mesa Elementary School
Public,•K-5•0.5mi
2/10
Yes Academy
Public,•K-5•0.5mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.0mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.2mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.3mi
4/10
Centinela Elementary School
Public,•K-6•1.4mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.5mi
3/10
Windsor Hills Math Science
Public,•K-5•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•1.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.3mi
2/10
Audubon Middle School
Public,•6-8•1.5mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.8mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.9mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.4mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.7mi
2/10
Inglewood High School
Public,•9-12•2.5mi
2/10
George Washington Preparatory High School
Public,•9-12•3.7mi
9/10
Middle College High School
Public,•9-12•6.1mi
Condition Rating
Poor
The property, built in 1924, is explicitly marketed as a 'fixer' and 'investment opportunity' requiring 'cosmetic love' and 'finishing touches.' While the foundation has been reinforced, plumbing redone, and a newer electrical panel installed (addressing some major structural/systemic concerns), the interior images reveal extensive disrepair. The kitchen is severely outdated with old cabinets, tiled countertops, and extremely worn flooring, requiring a complete renovation. Ceilings throughout show significant water damage and peeling paint, and walls have exposed lath and peeling paint. The overall condition of living spaces is very poor, making it uncomfortable and potentially unsafe to live in its current state, thus requiring substantial repairs and rehabilitation.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Investment Opportunity: Explicitly marketed as an 'investment opportunity' for 'investors, flippers, visionaries,' indicating strong potential for value appreciation through renovation.
Strategic Location: Situated in a desirable Park Hills Heights neighborhood, minutes away from major attractions like Sofi Stadium, Kia Forum, USC, and key Los Angeles venues and shopping centers.
ADU & Expansion Potential: Features a partially converted garage with two bonus rooms and clear potential for an Accessory Dwelling Unit (ADU), offering significant income or living space expansion opportunities.
Key Infrastructure Updates: Important foundational elements have been addressed, including a reinforced foundation, redone main plumbing line, and a newer electrical panel, reducing major structural concerns for a 1924 build.
Desirable Neighborhood Entry Point: Offers a rare chance to enter a sought-after Los Angeles neighborhood at a price point explicitly stated as 'priced to sell,' appealing to buyers looking to build equity.

Cons

Significant Cosmetic Renovation Required: The property 'needs some cosmetic love' and requires 'finishing touches,' indicating substantial interior and exterior aesthetic updates are necessary.
Limited Bathroom Count: The home features only one bathroom for three bedrooms, which may not meet the needs of modern families or renters and could require an additional investment to upgrade.
Age-Related Maintenance & Modernization: Built in 1924, the property, despite some recent upgrades, may still present ongoing maintenance challenges and require further modernization to meet contemporary living standards.

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