808 Record, Los Angeles, California 90063, Los Angeles, 90063 - 1 bed, 1 bath
ACTIVE$410,000$902/sqft
Est. Value: $425,182
3%
BelowEstimate
808 Record, Los Angeles, California 90063
1Bed
1Bath
902Sqft
2,425Lot
Price Vs. Estimate
The estimated value ($425,181.81) is $15,181.81 (3%) higher than the list price ($410,000). This property may be underpriced.
Key pros and cons
Top Pros:
High Investment Potential: Explicitly marketed to 'INVESTORS! DEVELOPERS!' and described as a 'FIXER,' indicating significant value-add opportunity through renovation and redevelopment.
Top Cons:
Extensive Renovation Required: Described as a 'FIXER,' implying substantial capital investment and effort will be needed for comprehensive repairs, upgrades, and modernization.
Compared to the nearby listings
Price:$410.0K vs avg $680.0K ($-270,000)8%
Size:902 sqft vs avg 1,005 sqft25%
Price/sqft:$455 vs avg $62014%
More Insights
Built in 1924 (102 years old).
Condition: Built in 1924 and explicitly described as a 'FIXER,' this property requires substantial repairs and rehabilitation. The images reveal an extremely outdated kitchen with worn cabinets, old countertops, and basic appliances, along with a bathroom featuring very old fixtures, tiling, and peeling paint. Throughout the property, there is visible deferred maintenance including worn flooring, damaged walls, and outdated light fixtures. The lower level appears to be in even worse condition, suggesting significant defects and the need for extensive system replacements, making it uncomfortable or potentially unsafe to live in its current state.
Year Built
1924
Close
-
List price
$410K
Original List price
$410K
Price/Sqft
$455
HOA
-
Days on market
-
Sold On
-
MLS number
DW26009528
Home ConditionPoor
Features
Good View: None
Patio
View-
About this home
INVESTORS! DEVELOPERS! FIXER in CITY TERRACE area. Assessor information shows 1 bedroom and 1 bath. Additional rooms at lower level. Looking for a cash buyer. Probate Sale. May not need court confirmation.
P
Pam Lee
Listing Agent
Condition Rating
Poor
Built in 1924 and explicitly described as a 'FIXER,' this property requires substantial repairs and rehabilitation. The images reveal an extremely outdated kitchen with worn cabinets, old countertops, and basic appliances, along with a bathroom featuring very old fixtures, tiling, and peeling paint. Throughout the property, there is visible deferred maintenance including worn flooring, damaged walls, and outdated light fixtures. The lower level appears to be in even worse condition, suggesting significant defects and the need for extensive system replacements, making it uncomfortable or potentially unsafe to live in its current state.
Pros & Cons
Pros
High Investment Potential: Explicitly marketed to 'INVESTORS! DEVELOPERS!' and described as a 'FIXER,' indicating significant value-add opportunity through renovation and redevelopment.
Desirable Location: Situated in Los Angeles, specifically the City Terrace area, which generally offers strong market demand and potential for appreciation.
Streamlined Probate Sale: The 'May not need court confirmation' aspect can significantly streamline the sale process, making it more attractive to buyers seeking a quicker transaction compared to typical probate sales.
Expansion Potential: The presence of 'additional rooms at lower level' suggests possibilities for increasing habitable square footage or reconfiguring the layout to add significant value.
Cash Buyer Advantage: The preference for a 'cash buyer' can lead to a faster, more secure closing for the seller, and potentially a more competitive acquisition for a well-positioned buyer.
Cons
Extensive Renovation Required: Described as a 'FIXER,' implying substantial capital investment and effort will be needed for comprehensive repairs, upgrades, and modernization.
Limited Official Records: The note 'Assessor information shows 1 bedroom and 1 bath' suggests potential discrepancies with the actual layout or additional rooms, which could impact financing, permitting, or future resale.
Age of Property: Built in 1924, the property is nearly 100 years old, likely necessitating updates to major systems (plumbing, electrical, roof, foundation) to meet modern standards and safety codes.