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701 W 112th Street, Los Angeles, California 90044, Los Angeles, 90044 - 2 bed, 2 bath

701 W 112th Street, Los Angeles, California 90044 home-pic-0
ACTIVE$775,000
701 W 112th Street, Los Angeles, California 90044
2Beds
2Baths
1,218Sqft
10,643Lot
Year Built
1938
Close
-
List price
$775K
Original List price
$850K
Price/Sqft
$636
HOA
-
Days on market
-
Sold On
-
MLS number
25550527
Home ConditionFair
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 34% below the list price. We found 3 Cons,7 Pros. Rank: price - $775.0K(79th), sqft - 1218(45th), beds - 2(35th), baths - 2(50th).

The possibilities of this Westmont property are seemingly endless, ideal for owner/occupants, income property potential, and development opportunities, with an almost-quarter-acre lot. Northwest of the intersection of the 110 and 105 Freeways, this well-positioned site is close to both private and public transportation corridors. Centrally located, a fifteen-minute drive in any direction will get you a lot of places: Dockweiler Beach, SoFi Stadium, Intuit Dome, USC, The Memorial Coliseum, downtown LA, or downtown Long Beach, and any number of entertainment venues, retail centers, and employment hubs throughout the city. The Harbor Transitway is less than of a mile away, providing easy access to all destinations north and south, from El Monte to San Pedro, with Union Station in between. The Metro C Line is a half-mile away, with east/west train service from Norwalk to the new LAX/Metro Transit Center, and easy access to the airport. A perfect place for an aspirational owner/occupant to start, this charming, well-maintained 1930s bungalow has many original details intact: custom built-ins, vintage tile, wood-burning fireplace, and mature landscaping cultivated by the current owner. From there, Senate Bill 9 (SB 9) allows for many options to increase density on this single-family residential lot, including up to four units now (and undoubtedly more units later), with various combinations of single-family homes, duplexes, accessory dwelling units, and junior ADUs, in addition to legal lot split. This potential allows for both slow growth on the site over time, or immediate speculative development, making this property a highly attractive asset to both the small-scale homeowner and the large-scale investor.

Nearby schools

5/10
Figueroa Street Elementary School
Public,•K-5•0.2mi
5/10
Woodcrest Elementary School
Public,•K-5•0.6mi
3/10
West Athens Elementary School
Public,•K-5•0.7mi
5/10
One Hundred Eighteenth Street School
Public,•K-5•1.0mi
4/10
Charles W. Barrett Elementary School
Public,•K-5•1.0mi
3/10
Ninety-Fifth Street Elementary School
Public,•K-5•1.2mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.6mi
4/10
Manchester Avenue Elementary School
Public,•1-6•1.7mi
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•1.8mi
2/10
Samuel Gompers Middle School
Public,•6-8•0.6mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•1.3mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•3.1mi
9/10
Middle College High School
Public,•9-12•2.4mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.7mi

Price History

Date
Event
Price
12/21/15
Sold
$300,000
02/15/13
Sold
$200,000
Condition Rating
Fair
Built in 1938, this property is described as a 'well-maintained 1930s bungalow' with 'many original details intact' and 'vintage tile.' While the exterior appears well-kept, the lack of interior images and the emphasis on original features strongly suggest that the kitchen and bathrooms are outdated and would require minor to moderate updates to meet current aesthetic and functional standards. There's no indication of recent extensive renovations, placing it in the 'Fair' category where major components are functional but show signs of being outdated.
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 = 10643, living area = 1218.
Great Schools: High School: Middle College High School (9/10).
Exceptional Development Potential: The property offers significant development opportunities under Senate Bill 9 (SB 9), allowing for up to four units, including duplexes, ADUs, and JADUs, plus potential legal lot splits, making it highly attractive for investors and owner-occupants seeking to maximize density.
Generous Lot Size: With an almost-quarter-acre lot (10,643 sqft), there is ample space for expansion, additional units, or creating a substantial outdoor living area, a rare find in this urban setting.
Prime Transportation Access: Strategically located near the 110 and 105 Freeways, the Harbor Transitway (less than 0.5 miles), and the Metro C Line (0.5 miles), ensuring excellent connectivity across Los Angeles and beyond.
Central Location to Key Destinations: A fifteen-minute drive provides access to major attractions and employment hubs including Dockweiler Beach, SoFi Stadium, Intuit Dome, USC, downtown LA, and downtown Long Beach.
Historic Charm & Maintained Condition: The charming 1930s bungalow retains many original details like custom built-ins, vintage tile, and a wood-burning fireplace, and has been well-maintained, appealing to buyers seeking character.

Cons

Significant Valuation Discrepancy: The current list price of $775,000 is considerably higher than the automated property estimation of $510,867.94, which may require strong justification or a more detailed appraisal to align with market expectations.
Age-Related System Updates: As a 1938-built home, despite being well-maintained, potential buyers should anticipate future investments in updating older systems such as plumbing, electrical, or HVAC to meet modern standards and efficiency.
Inconsistent School Performance: While some nearby elementary schools are highly rated, the presence of lower-rated middle schools (e.g., Samuel Gompers Middle School and Mary Mcleod Bethune Middle School with ratings of 2) could be a concern for families prioritizing consistent high-performing educational options.

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