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738 S Norton Avenue, Los Angeles, California 90005, Los Angeles, 90005 - 3 bed, 3 bath

738 S Norton Avenue, Los Angeles, California 90005 home-pic-0
ACTIVE UNDER CONTRACT$1,295,000$2,030/sqft
Est. Value: $1,258,176
-2%
FairlyEstimate
738 S Norton Avenue, Los Angeles, California 90005
3Beds
3Baths
2,030Sqft
5,281Lot

Price Vs. Estimate

The estimated value ($1,258,176.06) is $36,823.94 (2%) lower than the list price ($1,295,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Located in the desirable Wilshire Park neighborhood, adjacent to prestigious Hancock Park and Windsor Square, offering excellent community and access.
Top Cons:
Requires Significant Renovation: The property explicitly states the kitchen offers 'great potential for updating/remodeling' and the home 'is waiting for buyer to update/renovate' to restore its full character.

Compared to the nearby listings

Price:$1.29M vs avg $2.45M ($-1,155,000)11%
Size:2,030 sqft vs avg 3,142 sqft22%
Price/sqft:$638 vs avg $79133%

More Insights

Built in 1920 (106 years old).
Condition: Built in 1920, this home has 'great bones' and appears well-maintained with hardwood floors, recessed lighting, and fresh paint in many areas. However, the kitchen is significantly outdated with tile countertops, mixed appliances, and older lighting, explicitly noted in the description as needing 'updating/remodeling.' The primary bathroom also features a dated 80s/90s style with a black spa tub and pedestal sink. While other bathrooms and the ADU kitchenette show more recent updates, the core kitchen and primary bath require substantial renovation to meet modern standards, placing it in the 'Fair' category where major components are functional but show signs of being outdated.
Year Built
1920
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$638
HOA
-
Days on market
-
Sold On
-
MLS number
SR25132545
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

TRUST SALE SUBJECT TO COURT APPROVAL. You have another opportunity. Previous Buyer didn't perform. Hurry to this enchanting 2-Story Colonial Revival on private gated lot in desirable Wilshire Park neighborhood, adjacent to Hancock Park and Windsor Square. Property is located in an Historical Preservation Overlay Zone (HPOZ) and enjoys distinctive character and architecture both inside and out. Enter the property through gated/walled entry to this delightful home set back from street. This home combines the best of a traditional bed and breakfast feel with grand room sizes fit for entertaining. Light and bright throughout, buyers will love the comfortable vibe of this home. Hardwood and tiled floors throughout. Living room enjoys recessed lights, crown moldings, fireplace and built in bookcases. True formal dining room fit for large parties. Galley style kitchen with adjacent breakfast room/office offers great potential for updating/remodeling. Enjoy three bedrooms upstairs including primary suite that features recessed lights, crown moldings and private full bath with spa tub and pedestal sink. Secondary bedrooms share a 3/4 tiled bathroom. Bedroom 3 is being used as an office and includes built-in cabinets and separate closet. Large basement allows for plenty of storage or turn into wine room. Detached garage has been converted to a studio (not included in square footage/bedroom/bath count) with kitchenette and 3/4 bath and has great potential for ADU or home office/guest quarters. Ample off-street parking. Outdoor grounds have the feel of a tree-shaded park waiting for your landscape touches. This home has great bones and is waiting for buyer to update/renovate to bring back the love and character this fabulous home deserves. Hurry...Priced to sell and won't last!

A
Anngel Benoun
Listing Agent
Condition Rating
Fair
Built in 1920, this home has 'great bones' and appears well-maintained with hardwood floors, recessed lighting, and fresh paint in many areas. However, the kitchen is significantly outdated with tile countertops, mixed appliances, and older lighting, explicitly noted in the description as needing 'updating/remodeling.' The primary bathroom also features a dated 80s/90s style with a black spa tub and pedestal sink. While other bathrooms and the ADU kitchenette show more recent updates, the core kitchen and primary bath require substantial renovation to meet modern standards, placing it in the 'Fair' category where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Prime Location: Located in the desirable Wilshire Park neighborhood, adjacent to prestigious Hancock Park and Windsor Square, offering excellent community and access.
Architectural Charm & Character: An enchanting 2-Story Colonial Revival with distinctive architecture, hardwood and tiled floors, crown moldings, fireplace, and built-in bookcases, preserving its historic appeal.
ADU Potential / Versatile Space: A detached garage converted into a studio with a kitchenette and 3/4 bath presents significant potential for an Accessory Dwelling Unit (ADU), home office, or guest quarters.
Privacy & Security: The property features a private gated and walled entry, set back from the street, providing enhanced privacy and security.
Spacious & Functional Layout: Boasts grand room sizes ideal for entertaining, a true formal dining room, a large basement for storage or conversion, and ample off-street parking.

Cons

Requires Significant Renovation: The property explicitly states the kitchen offers 'great potential for updating/remodeling' and the home 'is waiting for buyer to update/renovate' to restore its full character.
HPOZ Renovation Restrictions: Being in a Historical Preservation Overlay Zone (HPOZ) may impose limitations and require specific approvals for exterior modifications, potentially increasing renovation complexity and costs.
Landscaping Needs Investment: The outdoor grounds are described as 'waiting for your landscape touches,' indicating a need for significant investment and effort to develop the exterior aesthetics.
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