956 E 33rd Street, Los Angeles, California 90011, Los Angeles, 90011 - 3 bed, 1 bath
ACTIVE$510,000
956 E 33rd Street, Los Angeles, California 90011
3Beds
1Bath
1,046Sqft
4,996Lot
Price Vs. Estimate
The estimated value ($418,253.86) is $91,746.14 (17%) lower than the list price ($510,000). This property may be overpriced.
Key pros and cons
Top Pros:
Strategic Location: The property boasts a highly desirable location near Downtown LA, USC, and major transportation hubs, offering excellent convenience and potential for appreciation.
Top Cons:
Historic Age & Condition: Built in 1905, the property is likely to require significant renovation, modernization, and potential repairs to outdated systems, incurring additional costs.
Compared to the nearby listings
Price:$510.0K vs avg $551.0K ($-41,000)32%
Size:1,046 sqft vs avg 1,157 sqft32%
Price/sqft:$488 vs avg $50945%
More Insights
Built in 1905 (120 years old).
Condition: Built in 1905, this property's exterior shows significant age and wear, consistent with a structure that has not undergone major renovations in many decades. Crucially, there are no interior images provided, especially of the kitchen and bathroom, which strongly suggests these critical areas are in extremely poor, outdated, or potentially unlivable condition. The listing description itself focuses on the 'R2-zoned lot' and 'potential to build an Accessory Dwelling Unit (ADU) or pursue other density-maximizing projects,' indicating that the value lies primarily in the land for redevelopment rather than the existing structure. The property is likely beyond repair for comfortable living and would require demolition or a complete rebuild.
Year Built
1905
Close
-
List price
$510K
Original List price
$510K
Price/Sqft
$488
HOA
-
Days on market
-
Sold On
-
MLS number
25599581
Home ConditionTear down
Features
Pool
Patio
View-
About this home
Attention investors and savvy buyers!! Seize this chance to acquire a home with a great layout near Downtown LA, USC, and major transportation. The property sits on a desirable R2-zoned lot, offering immediate potential to build an Accessory Dwelling Unit (ADU) or pursue other density-maximizing projects.
Nearby schools
4/10
Quincy Jones Elementary School
Public,•K-5•0.1mi
3/10
Wadsworth Avenue Elementary School
Public,•K-5•0.3mi
3/10
Twenty-Eighth Street Elementary School
Public,•K-5•0.4mi
2/10
Harmony Elementary School
Public,•K-5•0.4mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.6mi
3/10
Trinity Street Elementary School
Public,•K-5•0.6mi
/10
Maple Primary Center
Public,•K-1•0.7mi
5/10
Dolores Huerta Elementary School
Public,•K-5•0.7mi
4/10
Nevin Avenue Elementary School
Public,•K-5•0.8mi
5/10
Twentieth Street Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.8mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•1.1mi
5/10
San Pedro Street Elementary School
Public,•K-5•1.1mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•1.4mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.8mi
4/10
Norwood Street Elementary School
Public,•K-5•1.9mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.9mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•2.1mi
2/10
John W. Mack Elementary School
Public,•K-5•2.2mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,•6-8•0.6mi
3/10
George Washington Carver Middle School
Public,•6-8•0.7mi
4/10
John Adams Middle School
Public,•6-8•1.0mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.0mi
2/10
John Muir Middle School
Public,•6-8•2.6mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•3.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•0.5mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•0.6mi
5/10
Santee Education Complex
Public,•9-12•1.1mi
3/10
Manual Arts Senior High School
Public,•9-12•1.9mi
4/10
West Adams Preparatory High School
Public,•9-12•2.5mi
Condition Rating
Tear down
Built in 1905, this property's exterior shows significant age and wear, consistent with a structure that has not undergone major renovations in many decades. Crucially, there are no interior images provided, especially of the kitchen and bathroom, which strongly suggests these critical areas are in extremely poor, outdated, or potentially unlivable condition. The listing description itself focuses on the 'R2-zoned lot' and 'potential to build an Accessory Dwelling Unit (ADU) or pursue other density-maximizing projects,' indicating that the value lies primarily in the land for redevelopment rather than the existing structure. The property is likely beyond repair for comfortable living and would require demolition or a complete rebuild.
Pros & Cons
Pros
Strategic Location: The property boasts a highly desirable location near Downtown LA, USC, and major transportation hubs, offering excellent convenience and potential for appreciation.
R2 Zoning & ADU Potential: The R2-zoned lot presents significant value-add opportunities for investors, allowing for the construction of an Accessory Dwelling Unit (ADU) or other density-maximizing projects.
Investor-Ready Opportunity: Explicitly marketed towards 'investors and savvy buyers,' highlighting its potential for development and rental income generation.
Access to Highly-Rated Schools: Proximity to several 5-rated elementary schools, such as Quincy Jones Elementary and Dolores Huerta Elementary, enhances its appeal for families.
Generous Lot Size: The 4996 sqft lot provides ample space, which is crucial for leveraging the R2 zoning and ADU development potential.
Cons
Historic Age & Condition: Built in 1905, the property is likely to require significant renovation, modernization, and potential repairs to outdated systems, incurring additional costs.
Overpriced Listing: The current list price is 19% above the estimated property value, suggesting it may be overvalued and could face challenges in attracting buyers at this price point.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property lacks modern convenience and may be a significant drawback for families or multiple occupants.