917 E 49th Place, Los Angeles, California 90011, Los Angeles, 90011 - 3 bed, 1 bath
ACTIVE$300,000$1,780/sqft
917 E 49th Place, Los Angeles, California 90011
3Beds
1Bath
1,780Sqft
6,240Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Los Angeles Location: Situated in Los Angeles, near the Downtown area (MLS area C42), offering access to urban amenities, employment centers, and a high-demand real estate market.
Top Cons:
Extensive Renovation Required: The property description explicitly states 'House needs a lot of work,' indicating significant capital investment will be necessary for repairs, upgrades, and modernization.
Compared to the nearby listings
Price:$300.0K vs avg $562.5K ($-262,500)3%
Size:1,780 sqft vs avg 1,162.5 sqft91%
Price/sqft:$169 vs avg $5183%
More Insights
Built in 1885 (141 years old).
Condition: Built in 1885, this property explicitly states it 'needs a lot of work' and is an 'opportunity for an experienced investor,' indicating substantial repairs and rehabilitation are required. The property analysis confirms 'Outdated Systems and Layout' and 'Extensive Renovation Required.' The exterior image shows a very dated and somewhat neglected appearance with security bars. With only one bathroom for three bedrooms and no indication of recent major renovations, the home likely has significant defects affecting major components and is uncomfortable or unsafe in its current state, aligning with the 'poor' condition criteria.
Year Built
1885
Close
-
List price
$300K
Original List price
$300K
Price/Sqft
$169
HOA
-
Days on market
-
Sold On
-
MLS number
OC25249429
Home ConditionPoor
Features
Deck
View-
About this home
3 bed, 1 bath single family. House needs a lot of work. Good opportunity for an experienced investor.
C
Chris Milonakis
Listing Agent
Nearby schools
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.1mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.2mi
2/10
Aurora Elementary School
Public,•K-5•0.3mi
2/10
Harmony Elementary School
Public,•K-5•0.6mi
2/10
Main Street Elementary School
Public,•K-5•0.8mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.9mi
5/10
Estrella Elementary School
Public,•K-5•1.0mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.3mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.6mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.7mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.9mi
3/10
George Washington Carver Middle School
Public,•6-8•0.3mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.5mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.6mi
2/10
John Muir Middle School
Public,•6-8•2.0mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.9mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.9mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.9mi
3/10
Manual Arts Senior High School
Public,•9-12•2.0mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.1mi
5/10
Santee Education Complex
Public,•9-12•2.1mi
Price History
Date
Event
Price
08/12/20
Sold
$595,000
06/27/13
Sold
$290,000
10/15/03
Sold
$220,000
04/01/03
Sold
$150,000
10/08/02
Sold
$129,000
Condition Rating
Poor
Built in 1885, this property explicitly states it 'needs a lot of work' and is an 'opportunity for an experienced investor,' indicating substantial repairs and rehabilitation are required. The property analysis confirms 'Outdated Systems and Layout' and 'Extensive Renovation Required.' The exterior image shows a very dated and somewhat neglected appearance with security bars. With only one bathroom for three bedrooms and no indication of recent major renovations, the home likely has significant defects affecting major components and is uncomfortable or unsafe in its current state, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Prime Los Angeles Location: Situated in Los Angeles, near the Downtown area (MLS area C42), offering access to urban amenities, employment centers, and a high-demand real estate market.
Significant Investment Opportunity: Priced well below its last sale price (2020: $595,000 vs. current: $300,000), explicitly marketed as a 'good opportunity for an experienced investor,' suggesting substantial equity potential post-renovation.
Generous Lot Size: A 6,240 sqft lot provides ample outdoor space, potential for landscaping, expansion, or the addition of an Accessory Dwelling Unit (ADU), enhancing future value.
Spacious Interior Footprint: With 1,780 sqft, the 3-bedroom layout offers a substantial interior space that can be reconfigured and modernized to meet contemporary living standards.
Proximity to Highly-Rated Schools: Located near several well-regarded schools, including Estrella Elementary (Rating 5), West Vernon Avenue Elementary (Rating 5), and Santee Education Complex (Rating 5), making it attractive to families.
Cons
Extensive Renovation Required: The property description explicitly states 'House needs a lot of work,' indicating significant capital investment will be necessary for repairs, upgrades, and modernization.
Outdated Systems and Layout: Built in 1885, the home likely features outdated infrastructure (electrical, plumbing, HVAC) and a layout that may not align with modern preferences, requiring comprehensive overhauls.
Limited Bathroom Count: With only one bathroom for a three-bedroom house, this property falls short of contemporary family needs and will almost certainly require the addition of at least one more bathroom during renovation.