8725 Elm Street, Los Angeles, California 90002, Los Angeles, 90002 - 4 bed, 3 bath
ACTIVE$830,000
8725 Elm Street, Los Angeles, California 90002
4Beds
3Baths
2,800Sqft
3,363Lot
Price Vs. Estimate
The estimated value ($830,000) is $0 (0%) lower than the list price ($830,000). This property may be overpriced.
Key pros and cons
Top Pros:
New Construction (2023): The property is a newer home built in 2023, suggesting modern construction, updated features, and potentially lower maintenance costs compared to older properties.
Top Cons:
Small Lot Size: The lot size is relatively small (3,363 sqft), which may limit outdoor space and potential for expansion.
Compared to the nearby listings
Price:$830.0K vs avg $605.0K (+$225,000)93%
Size:2,800 sqft vs avg 1,055.5 sqft93%
Price/sqft:$296 vs avg $5329%
More Insights
Built in 1945 (80 years old).
Condition: The property was built in 2023, which is within the 'excellent' condition criteria. The description mentions it's a 'newer home' with solar panels, suggesting modern features and recent construction. The image confirms a recently built home.
Year Built
1945
Close
-
List price
$830K
Original List price
$830K
Price/Sqft
$296
HOA
-
Days on market
-
Sold On
-
MLS number
DW25145155
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights
About this home
Beautiful newer home built in 2023 4-bedroom 3 bath two story 3 bedrooms 2 .5 bath upstairs 1 bedroom/ studio 1 bath downstairs 2800 sqft living solar panels the downstair bedroom was turned into a studio with its own door and bathroom, its generating extra income and also seller has plans for turning the garage into 2 bedroom ADU this house has a great potential for a new buyer. Or investor.
Price History
Date
Event
Price
05/28/19
Sold
$375,000
02/27/19
Sold
$290,000
07/13/11
Sold
$110,000
08/06/04
Sold
$230,000
Condition Rating
Excellent
The property was built in 2023, which is within the 'excellent' condition criteria. The description mentions it's a 'newer home' with solar panels, suggesting modern features and recent construction. The image confirms a recently built home.
Pros & Cons
Pros
New Construction (2023): The property is a newer home built in 2023, suggesting modern construction, updated features, and potentially lower maintenance costs compared to older properties.
Income Potential: The downstairs bedroom has been converted into a studio with a separate entrance and bathroom, generating extra income for the owner.
ADU Potential: The seller has plans for converting the garage into a 2-bedroom ADU, offering significant potential to increase property value and rental income.
Solar Panels: The property is equipped with solar panels, which can significantly reduce electricity costs and appeal to environmentally conscious buyers.
Flexible Layout: The property features a flexible layout with 4 bedrooms and 3 bathrooms, including a downstairs studio, accommodating various living arrangements and potential rental opportunities.
Cons
Small Lot Size: The lot size is relatively small (3,363 sqft), which may limit outdoor space and potential for expansion.
Price Point: At $830,000, the price may be high for the area considering the lot size and potential competition from other properties in Los Angeles.
Description Discrepancy: The description mentions the house was built in 2023 but also states it was built in 1945, which is contradictory and requires clarification to avoid misleading potential buyers.