647 E 50th Street, Los Angeles, California 90011, Los Angeles, 90011 - 3 bed, 2 bath
ACTIVE$600,000$1,536/sqft
Est. Value: $509,400
-15%
AboveEstimate
647 E 50th Street, Los Angeles, California 90011
3Beds
2Baths
1,536Sqft
8,261Lot
Price Vs. Estimate
The estimated value ($509,399.855) is $90,600.145 (15%) lower than the list price ($600,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8261, living area = 1536.
Top Cons:
Severe Fire Damage: The property has sustained significant fire damage, necessitating extensive and costly remediation, structural repairs, and reconstruction.
Compared to the nearby listings
Price:$600.0K vs avg $572.5K (+$27,500)63%
Size:1,536 sqft vs avg 1,162.5 sqft91%
Price/sqft:$391 vs avg $51819%
More Insights
Built in 1905 (121 years old).
Condition: Built in 1905, this property has sustained severe fire damage, rendering it unlivable. The seller explicitly states no evaluation or remediation has been done, and advises protective gear for viewing due to potential toxic materials. The listing highlights it as an 'investor/builder opportunity' on a 'large lot,' indicating the value is primarily in the land for redevelopment, as the existing structure is likely beyond economical repair or requires demolition.
Year Built
1905
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$391
HOA
-
Days on market
-
Sold On
-
MLS number
P1-25361
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
Possible investor / builder opportunity. Fire-damaged two-story California Bungalow situated on a large lot. Property features 3 bedrooms, 2 bathrooms, den, fireplace, and 2-car garage.
 This home has recently been in a fire and no evaluation or remediation has been or will be done by Seller. Prospective Buyers are welcome to bring contractor when previewing. Buyer to investigate to their own satisfaction any and all concerns as to the intended use and insurability of the property, including but not limited to zoning, permits, and fire damage.When previewing, Agents, Prospective Buyer's and any third party are advised to please wear masks, gloves and shoe covers - Seller has not done any remediation work, debris removal or toxic material analysis.
S
Sheila Ananeh-Firempong
Listing Agent
Nearby schools
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.1mi
2/10
Aurora Elementary School
Public,•K-5•0.4mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.5mi
2/10
Main Street Elementary School
Public,•K-5•0.6mi
2/10
Harmony Elementary School
Public,•K-5•0.7mi
5/10
Estrella Elementary School
Public,•K-5•0.7mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.9mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.1mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.4mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.5mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.6mi
3/10
George Washington Carver Middle School
Public,•6-8•0.4mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.4mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.6mi
2/10
John Muir Middle School
Public,•6-8•1.8mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.1mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.1mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.6mi
3/10
Manual Arts Senior High School
Public,•9-12•1.7mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.9mi
5/10
Santee Education Complex
Public,•9-12•2.1mi
Condition Rating
Tear down
Built in 1905, this property has sustained severe fire damage, rendering it unlivable. The seller explicitly states no evaluation or remediation has been done, and advises protective gear for viewing due to potential toxic materials. The listing highlights it as an 'investor/builder opportunity' on a 'large lot,' indicating the value is primarily in the land for redevelopment, as the existing structure is likely beyond economical repair or requires demolition.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8261, living area = 1536.
Generous Lot Size: At 8,261 sqft, the large lot offers significant potential for expansion, landscaping, or future development (e.g., ADU), a rare asset in urban Los Angeles.
Investor/Developer Potential: Clearly positioned as an opportunity for investors or builders to add substantial value through comprehensive renovation or redevelopment.
Mountain Views: The property benefits from mountain views, enhancing its aesthetic appeal and potential resale value.
Functional Layout & Features: Despite the damage, the original layout includes 3 bedrooms, 2 bathrooms, a den, a fireplace, and a 2-car garage, providing a solid foundation for a desirable family home.
Strategic Location: Situated in Los Angeles (MLS Area C42 - Downtown L.A.) with access to several highly-rated schools, offering urban convenience and educational advantages.
Cons
Severe Fire Damage: The property has sustained significant fire damage, necessitating extensive and costly remediation, structural repairs, and reconstruction.
As-Is Sale with No Seller Remediation: The seller's explicit stance of no evaluation, remediation, or debris removal transfers all associated risks, costs, and unknown liabilities directly to the buyer.
High Due Diligence & Safety Concerns: The requirement for protective gear during visits and the buyer's responsibility for comprehensive investigation (zoning, permits, toxic materials) highlight substantial due diligence, safety risks, and potential unforeseen expenses.