632 Mariposa Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 4 bed, 2 bath
ACTIVE$1,250,000
632 Mariposa Avenue, Los Angeles, California 90004
4Beds
2Baths
1,864Sqft
6,272Lot
Price Vs. Estimate
The estimated value ($819,035.81) is $430,964.19 (34%) lower than the list price ($1,250,000). This property may be overpriced.
Key pros and cons
Top Pros:
Comprehensive Modern Renovation: The property has undergone a 'perfect' and extensive remodel, featuring new flooring, lighting, an open kitchen with brand new appliances, and updated bathrooms and bedrooms, ensuring a move-in ready condition.
Top Cons:
Significant Discrepancy in Estimated Value: The current listing price of $1.25M is substantially higher than the estimated property value of $819,035.81, indicating potential overpricing according to automated valuation models.
Compared to the nearby listings
Price:$1.25M vs avg $2.26M ($-1,013,025)24%
Size:1,864 sqft vs avg 2,367 sqft42%
Price/sqft:$671 vs avg $1.0K19%
More Insights
Built in 1921 (104 years old).
Condition: Despite being built in 1921, the property has undergone a 'perfectly remodeled throughout' renovation, as stated in the description. The images confirm a modern, open-concept kitchen with brand new stainless steel appliances (range, refrigerator, stacked washer/dryer), light-colored new flooring, and updated lighting. While one bedroom image shows older windows and a light fixture, the overall impression from the description and key areas like the kitchen suggests a comprehensive and recent overhaul, meeting current quality standards with minimal physical depreciation. The mention of 'all new flooring, lighting, open kitchen with brand new appliances, bathrooms, bedrooms' strongly supports an excellent rating.
Year Built
1921
Close
-
List price
$1.25M
Original List price
$1.5M
Price/Sqft
$671
HOA
-
Days on market
-
Sold On
-
MLS number
P1-19731
Home ConditionExcellent
Features
Good View: City Lights
Deck
Patio
ViewCity Lights
About this home
The most meticulously designed home in lovely Los Angeles! This chic and modern; yet generously kept classic Spanish home boasts an open floor plan for all! Perfectly remodeled throughout with all new flooring, lighting, open kitchen with brand new appliances, bathrooms, bedrooms, and much more! Beautiful city views in your upper bedrooms! Ready to be presented to world renown interior magazines. Did we mention a gardener's paradise? Enjoy spacious front and back yards filled with flowers and matured fruit trees, such as lemon and avocado trees. Don't miss the garage almost ready to go for a potential ADU! There is just so much to mention! Come see the 632 Mariposa today!
Price History
Date
Event
Price
07/26/23
Sold
$1,100,000
Condition Rating
Excellent
Despite being built in 1921, the property has undergone a 'perfectly remodeled throughout' renovation, as stated in the description. The images confirm a modern, open-concept kitchen with brand new stainless steel appliances (range, refrigerator, stacked washer/dryer), light-colored new flooring, and updated lighting. While one bedroom image shows older windows and a light fixture, the overall impression from the description and key areas like the kitchen suggests a comprehensive and recent overhaul, meeting current quality standards with minimal physical depreciation. The mention of 'all new flooring, lighting, open kitchen with brand new appliances, bathrooms, bedrooms' strongly supports an excellent rating.
Pros & Cons
Pros
Comprehensive Modern Renovation: The property has undergone a 'perfect' and extensive remodel, featuring new flooring, lighting, an open kitchen with brand new appliances, and updated bathrooms and bedrooms, ensuring a move-in ready condition.
ADU Conversion Potential: The garage is 'almost ready to go for a potential ADU,' offering a significant opportunity for additional income, guest quarters, or multi-generational living.
Attractive Outdoor Living: Features spacious front and back yards described as a 'gardener's paradise,' complete with flowers and mature fruit trees (lemon, avocado), enhancing curb appeal and lifestyle.
Desirable City Views: Upper bedrooms offer 'beautiful city views,' providing an appealing aesthetic and potentially increasing property value.
Magazine-Worthy Design & Style: Described as 'chic and modern; yet generously kept classic Spanish home' and 'ready to be presented to world renown interior magazines,' highlighting its exceptional aesthetic appeal and meticulous design.
Cons
Significant Discrepancy in Estimated Value: The current listing price of $1.25M is substantially higher than the estimated property value of $819,035.81, indicating potential overpricing according to automated valuation models.
Substantial Price Reduction from Original List: The property has seen a significant price drop from its original list price of $1.499M to $1.25M, which might raise questions among potential buyers regarding its initial valuation or market reception.
Absence of Central Cooling System Mention: Despite extensive modern renovations, the description does not explicitly mention the presence of a central cooling system (e.g., A/C), which could be a drawback for buyers in Los Angeles' climate.