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807 N Dillon Street, Los Angeles, California 90026, Los Angeles, 90026 - 3 bed, 2 bath

807 N Dillon Street, Los Angeles, California 90026 home-pic-0
ACTIVE$1,545,888
807 N Dillon Street, Los Angeles, California 90026
3Beds
2Baths
1,559Sqft
7,293Lot

Price Vs. Estimate

The estimated value ($1,250,263.415) is $295,624.585 (19%) lower than the list price ($1,545,888). 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 = 7293, living area = 1559.
Top Cons:
Requires Renovation/TLC: The property is sold 'as-is' and 'needs TLC,' indicating a necessary investment in renovation and upgrades to maximize its value and appeal.

Compared to the nearby listings

Price:$1.55M vs avg $1.54M (+$2,944)50%
Size:1,559 sqft vs avg 1,590 sqft49%
Price/sqft:$992 vs avg $99150%

More Insights

Built in 1925 (100 years old).
Condition: Built in 1925, the property's kitchen and bathrooms are significantly outdated, featuring older cabinets, laminate/tile countertops, and white appliances, requiring a full renovation to meet modern standards. While the listing states it 'needs TLC' and a 'rehab budget' to reach its full potential, it also notes it 'can be occupied & enjoyed without any major capital improvements,' indicating functional but aged systems. This aligns with the 'Fair' category, where major components are functional but show signs of being outdated, and significant cosmetic updates are needed.
Year Built
1925
Close
-
List price
$1.55M
Original List price
$1.2M
Price/Sqft
$992
HOA
-
Days on market
-
Sold On
-
MLS number
24465252
Home ConditionFair
Features
Patio
View-

About this home

Quaint 1920s Storybook on a tranquil tree-lined street with a 7,293 sq ft LARD3 lot within walking distance to the beating heart of Silver Lake. Single family homes on large flat lots in Silver Lake with no external obsolescence are rare finds. Upon initial entry, the house illuminates with exterior light from a 2x story wall of windows in living room. Formal dining room with coved ceilings. Kitchen opens to voluminous den area accentuated by 2x story ceilings with exposed beams. The finished attic space with skylight is accessible via a spiral staircase, offering bonus space not included in MLS square footage. 2x bedrooms and guest bath tucked away and separated from living space by a hallway. Primary suite includes large closet and ensuite bath at rear of property. Den space leads to rear patio in backyard via French doors. Detached 2x car garage with ADU conversion potential. Long driveway offers ample off-street parking even if you convert garage to ADU. Property sold as-is and needs TLC but can be occupied & enjoyed without any major capital improvements. LARD3 lot offers intriguing development potential. With proper design chops and rehab budget this could be a $2M+ property.

Nearby schools

5/10
Micheltorena Street Elementary School
Public,•K-5•0.5mi
6/10
Dayton Heights Elementary School
Public,•K-5•0.6mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•0.7mi
2/10
Mayberry Street Elementary School
Public,•K-6•0.7mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•0.8mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•0.8mi
/10
Lexington Avenue Primary Center
Public,•K-2•1.0mi
/10
Lake Street Primary School
Public,•K-1•1.0mi
8/10
Clifford Street Elementary School
Public,•K-6•1.2mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.7mi
8/10
Franklin Avenue Elementary School
Public,•K-6•1.7mi
9/10
Ivanhoe Elementary School
Public,•K-5•2.0mi
8/10
Allesandro Elementary School
Public,•K-6•2.0mi
5/10
Virgil Middle School
Public,•6-8•1.0mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.0mi
6/10
Irving STEAM Magnet
Public,•6-8•3.2mi
3/10
Belmont Senior High School
Public,•9-12•1.6mi
8/10
John Marshall Senior High School
Public,•9-12•1.8mi

Price History

Date
Event
Price
02/22/00
Sold
$279,000
02/24/95
Sold
$179,000
11/30/93
Sold
$241,154
11/01/04
Sold
$599,000
Condition Rating
Fair
Built in 1925, the property's kitchen and bathrooms are significantly outdated, featuring older cabinets, laminate/tile countertops, and white appliances, requiring a full renovation to meet modern standards. While the listing states it 'needs TLC' and a 'rehab budget' to reach its full potential, it also notes it 'can be occupied & enjoyed without any major capital improvements,' indicating functional but aged systems. This aligns with the 'Fair' category, where major components are functional but show signs of being outdated, and significant cosmetic updates are needed.
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 = 7293, living area = 1559.
Great Schools: Elementary School: Ivanhoe Elementary School (9/10).
Prime Silver Lake Location: Situated on a tranquil, tree-lined street within walking distance to the vibrant heart of Silver Lake, a highly sought-after neighborhood known for its desirability and amenities.
Significant Development Potential: Features a large 7,293 sq ft LARD3 zoned lot, offering intriguing development opportunities, including potential for additional units or expansion.
ADU Conversion Potential & Ample Parking: The detached two-car garage presents a clear opportunity for ADU conversion, complemented by a long driveway providing ample off-street parking.
Unique Architectural Charm: A quaint 1920s Storybook home boasting distinctive features like a two-story wall of windows, coved ceilings, exposed beams, and a finished attic bonus space.
Strong Upside Investment: Identified as a property with significant appreciation potential, capable of becoming a $2M+ asset with a proper rehab budget and design.

Cons

Requires Renovation/TLC: The property is sold 'as-is' and 'needs TLC,' indicating a necessary investment in renovation and upgrades to maximize its value and appeal.
Aggressive Pricing: The current list price of $1.54M is notably higher than the estimated value of $1.25M, suggesting a potentially aggressive pricing strategy for its current condition.
Age-Related System Concerns: Built in 1925, the property may have original or outdated systems (e.g., plumbing, electrical, HVAC) that will likely require future attention and investment, despite being occupiable.

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