7513 S Normandie Avenue, Los Angeles, California 90044, Los Angeles, 90044 - 3 bed, 1 bath
ACTIVE$649,999
7513 S Normandie Avenue, Los Angeles, California 90044
3Beds
1Bath
1,252Sqft
5,202Lot
Year Built
1930
Close
-
List price
$650K
Original List price
$685K
Price/Sqft
$519
HOA
-
Days on market
-
Sold On
-
MLS number
25530873
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
Possibly Over-Priced:The estimated price is 36% below the list price. We found 3 Cons,5 Pros. Rank: price - $650.0K(49th), sqft - 1252(50th), beds - 3(50th), baths - 1(38th).
Condition Rating
Poor
Built in 1930, this property shows significant signs of age and neglect. The exterior is unkempt with overgrown vegetation and debris. The interior features severely outdated elements such as bright blue bathroom tiles, an old wall heater, dated light fixtures, and a mix of worn carpet, old patterned tile, and laminate flooring. No kitchen photos are provided, which is often indicative of a very outdated or poor condition kitchen. The property lacks central HVAC and requires substantial repairs and rehabilitation to meet modern living standards and comfort, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
City Lights View: The property boasts a desirable 'City Lights' view, enhancing its aesthetic appeal and potential resale value.
Recent Price Adjustment: The list price has been reduced from $684,999 to $649,999, indicating increased motivation from the seller and potentially better value for buyers.
Generous Lot Size: With a lot size of 5202 sqft, the property offers ample outdoor space for landscaping, entertaining, or potential future expansion.
Los Angeles Location: Situated in Los Angeles, California, the property benefits from being in a major metropolitan area with strong demand and access to amenities.
Renovation Potential: As a 1930-built home, it offers significant renovation and value-add potential for buyers looking to customize and modernize, especially given the common ADU opportunities in the area for similar properties.
Cons
Low Bathroom Count: The property features only 1 bathroom for 3 bedrooms, which is a significant functional drawback and below market standard compared to most 3-bed/2-bath comparables.
Age and Implied Condition: Built in 1930, the property likely requires substantial updates and renovations to meet contemporary buyer expectations and compete with more recently remodeled homes in the area.
Significant Overpricing Relative to Estimation: The current list price of $649,999 is considerably higher than the estimated value of $414,037.33, suggesting it may be overpriced based on automated valuation models and current market conditions for its likely condition.