5846 Madden Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 3 bed, 1 bath
ACTIVE$750,000
5846 Madden Avenue, Los Angeles, California 90043
3Beds
1Bath
1,151Sqft
4,800Lot
Year Built
1922
Close
-
List price
$750K
Original List price
$795K
Price/Sqft
$652
HOA
-
Days on market
-
Sold On
-
MLS number
PW24154240
Home ConditionExcellent
Features
Patio
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 34% below the list price. We found 3 Cons,6 Pros. Rank: price - $750.0K(32th), sqft - 1151(23th), beds - 3(50th), baths - 1(23th).
Presenting a well maintained home boasting charm, character and great curb appeal. Upon entering this rare gem, you are greeted with an updated open concept floorplan. This property has a brand new kitchen that is ready for a gourmet cook. The flooring is also new with wide moldings. The property is very well maintained and ready for you to move in. The rear yard completes this magnificent home with a deep and wide detached 2 car garage and low maintenance yard. This home has ADU potential and is ready for your buyers to come and be creative!
Nearby schools
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.3mi
2/10
Yes Academy
Public,•K-5•0.5mi
3/10
Angeles Mesa Elementary School
Public,•K-5•0.5mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.1mi
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•1.4mi
3/10
Windsor Hills Math Science
Public,•K-5•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•1.1mi
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•2.9mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.9mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•3.3mi
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•3.6mi
9/10
Middle College High School
Public,•9-12•6.1mi
Price History
Date
Event
Price
10/06/15
Sold
$365,000
05/22/15
Sold
$271,000
Condition Rating
Excellent
Despite being built in 1922, the property has undergone extensive recent renovations, including a 'brand new kitchen' with modern stainless steel appliances, white shaker cabinets, and recessed lighting. New flooring with wide moldings and an updated open concept floorplan are also highlighted, indicating a comprehensive and recent overhaul of key living areas. The property is described as 'very well maintained and ready for you to move in,' suggesting all components are in excellent, functional condition, meeting current quality standards with no deferred maintenance. While the bathroom condition isn't explicitly detailed, the overall description and visual evidence of high-quality, recent updates in other areas support an 'excellent' rating for its current move-in ready state.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Extensive Recent Renovations: The property boasts a brand new kitchen, new flooring with wide moldings, and an updated open concept floorplan, offering a modern and appealing interior.
Move-in Ready Condition: Described as 'very well maintained and ready for you to move in,' this minimizes immediate renovation needs for a buyer.
ADU Potential with Detached Garage: The 'deep and wide detached 2 car garage' presents a significant opportunity for conversion into an Accessory Dwelling Unit (ADU), adding potential rental income or expanded living space.
Strong Curb Appeal & Character: The home is highlighted for its 'charm, character and great curb appeal,' which can attract buyers looking for a distinctive property.
Low Maintenance Yard: The 'low maintenance yard' is an attractive feature for buyers seeking convenience and less upkeep.
Cons
Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may be a limiting factor for some buyers, especially compared to several 3-bed, 2-bath comparables in the area.
Age of Core Systems: Built in 1922, while cosmetic updates are noted (kitchen, flooring), the description does not specify updates to major systems like plumbing, electrical, or HVAC, which could lead to future maintenance or upgrade costs for a buyer.
Price Point vs. Market Value: The current list price of $750,000 is significantly higher than the property's estimated value ($492,179.58) and some recent sales of similar or better-equipped properties in the immediate vicinity, potentially impacting buyer perception of value.