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8917 Bandera Street, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 2 bath

8917 Bandera Street, Los Angeles, California 90002 home-pic-0
ACTIVE$649,900
8917 Bandera Street, Los Angeles, California 90002
3Beds
2Baths
880Sqft
5,362Lot
Year Built
1908
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$739
HOA
-
Days on market
-
Sold On
-
MLS number
SR25037567
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 39% below the list price. We found 3 Cons,5 Pros. Rank: price - $649.9K(64th), sqft - 880(30th), beds - 3(50th), baths - 2(50th).

THIS HOME QUALIFIES FOR 2 DIFFERENT DOWN PAYMENT ASSISTANT PROGRAMS. YOU MAY QUALIFY FOR $115,000.00 and or$35,000.00 . Recently renovated 3 Bedroom 2 bathrooms and space for an office. The property features quartz counter tops in the kitchen with beautiful cabinets, laminated flooring throughout the house, recently renovated bathrooms, recess lighting and ceiling fans. Big backyard to entertain or with enough room to build and ADU (Buyer to check with city and/or county of LA). Check with city/county about this are not having rent control. You need to see to appreciate all the features and advantages that this property has to offer. RUN BEFORE THIS ONE IS GONE!!!

Price History

Date
Event
Price
02/22/24
Sold
$599,000
08/01/23
Sold
$440,000
Condition Rating
Excellent
Despite being built in 1908, the property has undergone a recent and extensive renovation, as confirmed by the description and images. The kitchen features modern white shaker cabinets, quartz countertops, and stainless steel appliances. Both bathrooms are fully updated with contemporary vanities, tiling, and fixtures. New laminated flooring, recessed lighting, and ceiling fans are present throughout, indicating a high-quality, virtually new interior that meets current standards.
Pros & Cons

Pros

Attractive Financial Incentives: The property qualifies for significant down payment assistance programs ($115,000 and/or $35,000), making it highly accessible for eligible buyers.
Extensive Recent Renovations: The home features a recently updated interior with quartz countertops, new kitchen cabinets, laminated flooring, renovated bathrooms, recessed lighting, and ceiling fans, offering a modern, move-in-ready condition.
ADU Development Potential: A large backyard provides ample space and opportunity for constructing an Accessory Dwelling Unit (ADU), which can enhance property value and potential rental income.
Dedicated Office Space: The inclusion of a dedicated office space caters to modern living needs, particularly for remote work or study.
Investor-Friendly Rent Control Status: The listing suggests the area may not be subject to rent control, offering potential investors greater flexibility and appeal.

Cons

Significant Overpricing: The current listing price of $649,900 is substantially higher than the property's estimated value ($391,618.525) and its last recorded sale price ($599,000 in Feb 2024), indicating a potential overvaluation.
Compact Interior Living Space: At 880 square feet for a 3-bedroom, 2-bathroom layout, the interior living space is relatively small, which may not appeal to buyers seeking more expansive accommodations.
Age-Related Maintenance Concerns: Built in 1908, despite recent renovations, the property's age may still present a higher risk of unforeseen maintenance issues related to original foundational systems.

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