6049 Pennswood Avenue, Lakewood, California 90712, Lakewood, 90712 - 5 bed, 2 bath
ACTIVE$799,000
6049 Pennswood Avenue, Lakewood, California 90712
5Beds
2Baths
2,509Sqft
5,461Lot
Price Vs. Estimate
The estimated value ($799,000) is $0 (0%) lower than the list price ($799,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income/Flexibility Potential (ADU): The property includes a significant ADU addition of 980 sq ft across 3 rooms, offering excellent potential for rental income or multi-generational living arrangements.
Top Cons:
Sold 'As-Is' Condition: The property is being sold in 'as-is' condition, which may necessitate additional buyer investment for potential repairs, upgrades, or unforeseen issues.
Compared to the nearby listings
Price:$799.0K vs avg $865.0K ($-66,000)17%
Size:2,509 sqft vs avg 1,413 sqft92%
Price/sqft:$318 vs avg $6221%
More Insights
Built in 1945 (80 years old).
Condition: The property, built in 1945, shows signs of regular upkeep with recent cosmetic updates like new paint and some new flooring. However, the kitchen and bathrooms are significantly outdated, featuring styles and fixtures from the 1980s or 1990s (e.g., oak cabinets, laminate countertops, dated vanity, shower stall, and light fixtures). Hardwood floors show considerable wear, and popcorn ceilings are present throughout. While functional, major components like the kitchen and bathrooms require substantial updates to meet current standards. The presence of a window AC unit suggests an older or less efficient cooling system. The ADU addition provides extra space but also appears to have basic finishes. The 'as-is' sale condition further indicates that a buyer should anticipate needing to invest in renovations beyond cosmetic fixes.
Year Built
1945
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$318
HOA
-
Days on market
-
Sold On
-
MLS number
CV25231792
Home ConditionFair
Features
Spa
Patio
ViewNeighborhood
About this home
ACCESS TO VIEW THE PROPERTY !!! Dream home! Perfect, perfect, perfect...Single-family residence in the City of Lakewood with 3 bedrooms, 2 bathrooms and ADU added 3 rooms 140 sq/ft , 270 sq/ft and 540 sq/ft all together total sq/ft added is 980 sq/ft , a detached oversized two-car garage. The home features new paint and new flooring , an open living and dining layout, a family room, and a laundry room. Situated on a 5,461 sq ft lot bordering the cities of Artesia, Cerritos, and Bellflower. Property will be delivered vacant at close of escrow. Buyer to independently verify all square footage, bed/bath count, lot size, permits, and other information related to the property. Home is being sold in as-is condition. There is subdivide and added another unit as an ADU in the rear of the home. This great price includes a nice floor plan and spacious living room with an additional family room.
Nearby schools
3/10
Craig Williams Elementary School
Public,•PK-6•0.2mi
3/10
Captain Raymond Collins School
Public,•K-5•0.6mi
7/10
Stephen Foster Elementary School
Public,•PK-6•0.6mi
5/10
Thomas Jefferson Elementary School
Public,•PK-6•1.1mi
6/10
Esther Lindstrom Elementary School
Public,•PK-6•1.5mi
6/10
Gompers K-8
Public,•K-8•1.2mi
7/10
Bancroft Middle School
Public,•6-8•1.8mi
4/10
Leona Jackson School
Public,•4-8•2.5mi
/10
Buena Vista High School
Public,•9-12•0.9mi
6/10
Mayfair High School
Public,•7-12•1.1mi
5/10
Lakewood High School
Public,•9-12•2.1mi
5/10
Paramount High School
Public,•9-12•2.7mi
Price History
Date
Event
Price
10/15/99
Sold
$219,500
Condition Rating
Fair
The property, built in 1945, shows signs of regular upkeep with recent cosmetic updates like new paint and some new flooring. However, the kitchen and bathrooms are significantly outdated, featuring styles and fixtures from the 1980s or 1990s (e.g., oak cabinets, laminate countertops, dated vanity, shower stall, and light fixtures). Hardwood floors show considerable wear, and popcorn ceilings are present throughout. While functional, major components like the kitchen and bathrooms require substantial updates to meet current standards. The presence of a window AC unit suggests an older or less efficient cooling system. The ADU addition provides extra space but also appears to have basic finishes. The 'as-is' sale condition further indicates that a buyer should anticipate needing to invest in renovations beyond cosmetic fixes.
Pros & Cons
Pros
Income/Flexibility Potential (ADU): The property includes a significant ADU addition of 980 sq ft across 3 rooms, offering excellent potential for rental income or multi-generational living arrangements.
Recent Interior Updates: The home features new paint and new flooring, providing a fresh, updated, and move-in ready interior for the new owner.
Spacious & Functional Layout: Boasts an open living and dining layout, an additional family room, and a dedicated laundry room, enhancing overall livability and comfort.
Strategic Location: Situated on a 5,461 sq ft lot bordering the cities of Artesia, Cerritos, and Bellflower, offering convenient access to multiple community amenities and services.
Detached Oversized Garage: Includes a detached oversized two-car garage, providing ample parking, storage, or potential for future conversion possibilities (subject to permits).
Cons
Sold 'As-Is' Condition: The property is being sold in 'as-is' condition, which may necessitate additional buyer investment for potential repairs, upgrades, or unforeseen issues.
Buyer Verification Responsibility: The listing explicitly states the buyer must independently verify all property details, including square footage, bed/bath count, lot size, and permits, particularly concerning the ADU, indicating potential discrepancies or unverified additions.
Age of Property: Built in 1945, the home is older, which could imply potential for aging infrastructure or systems that may require future maintenance or replacement, despite recent cosmetic updates.