5962 W 74th Street, Los Angeles, California 90045, Los Angeles, 90045 - 5 bed, 5 bath
5962 W 74th Street
Los Angeles, California 90045
Property Price
SUMMARY
Analysis of 5962 W 74th Street, Los Angeles, California 90045 reveals a property with a current list price of $3,195,000, which is 32% above the estimated $2,161,201 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5962 W 74th Street Subject | $3,195,000* List Price | 5 | 5 | 2,800 | $772 | - |
A 8049 Kentwood Avenue Sold | $3,210,000 | 5 | 5 | 2,628 | $1,221 | 0.9 mi |
B 7219 Dunfield Avenue Sold | $2,775,000 | 4 | 4 | 2,994 | $927 | 0.6 mi |
C 6534 Kentwood Bluffs Drive Sold | $2,975,000 | 5 | 4 | 3,340 | $891 | 0.9 mi |
D 6017 W 75th Street Sold | $2,375,000 | 4 | 3 | 2,510 | $946 | 0.1 mi |
E 7608 Truxton Avenue Sold | $2,700,000 | 5 | 5 | 2,317 | $1,165 | 0.2 mi |
F 6356 W 83rd Street Sold | $2,699,000 | 4 | 5 | 2,841 | $950 | 0.9 mi |
G 6144 W 76th Street Active | $2,975,000 List Price | 6 | 5 | 3,189 | $933 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property is undergoing a complete, down-to-the-studs renovation, with all new systems (roof, HVAC, plumbing, electrical), a reconfigured floorplan, new kitchen, baths, and a new pool/spa. The description highlights custom white oak cabinetry, designer finishes, and vaulted ceilings, indicating high-quality, modern aesthetics and functionality. Although built in 1947, the extensive renovation means all components will be new or virtually new upon its March 2025 completion, meeting the criteria for an 'Excellent' condition score.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Center Street Elementary (9/10). Middle School: Richard Henry Dana Middle School (9/10).
- Comprehensive Renovation
The property is undergoing a complete reconfiguration with all new systems, including roof, central heat and AC, plumbing, and electrical, offering a virtually new home experience.
- High-End Design & Finishes
Features custom white oak cabinetry, designer finishes throughout, and vaulted ceilings in the great room and primary bedroom, appealing to modern luxury tastes.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-03-19. The sold price is $3,000,000.00.
- Presale Status & Delayed Occupancy
The property is available for presale with a March 2025 move-in date, requiring buyers to commit to a purchase without immediate occupancy and based on future completion.
- Significant Discrepancy with Automated Valuation
The listing price of $3.195M is 32% higher than the automated property estimation of $2.161M, which may raise questions for some buyers or lenders regarding market value.
About 5962 W 74th Street
Large single-story home undergoing renovation from local developer Alison White Homes LLC. Available for presale now with March 2025 move in. 4 Bedrooms + office and 4.5 baths in 2800 SF on an oversized 7802 SF pool lot. House was completely reconfigured with all new systems including roof, central heat and AC, plumbing, electrical, kitchen, baths, laundry. Highly desirable open floorplan with huge kitchen and great room, central hallway and all en-suite bedrooms. Custom white oak cabinetry and interior doors, designer finishes throughout, and vaulted ceilings in great room and primary bedroom. New pool and spa. This house has everything! Located on a desirable, quiet part of 74th St. Do not enter construction site without listing agent present!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 7,802 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Westport Heights Elementary School
Grades K-5 • 0.5 mi
Cowan Avenue Elementary School
Grades K-6 • 0.9 mi
Kentwood Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 84% |
| Baths | 5.0 | 2.0 | 90% |
| Square foot | 2,800 | 1,825.5 | 81% |
| Lot Size | 7,802 | 6,121 | 87% |
| Price | $3.19M | $1.65M | 92% |
| Price per sq ft | $1.1K | $926 | 83% |
| Built year | 1947 | 1947 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 420 | 177 | 99% |
Pricing History
Sold
Mar 19, 2025
$3,000,000
Public Record
Sold
Oct 9, 2024
$1,435,000
Public Record