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1024 Hanover Avenue, Los Angeles, California 90022, Los Angeles, 90022 - 2 bed, 1 bath

1024 Hanover Avenue, Los Angeles, California 90022 home-pic-0
ACTIVE$698,000
1024 Hanover Avenue, Los Angeles, California 90022
2Beds
1Bath
1,026Sqft
4,065Lot
Year Built
1949
Close
-
List price
$698K
Original List price
$698K
Price/Sqft
$680
HOA
-
Days on market
-
Sold On
-
MLS number
MB25169620
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $698.0K(53th), sqft - 1026(50th), beds - 2(50th), baths - 1(50th).

2-Bedroom 1-Bath Home with a bonus room—perfect for a third bedroom, home office or creative space. Features include a front porch, front yard, a private backyard with a covered patio, and a detached 2-car garage plus a long driveway. Recent upgrades: fresh interior paint, Central AC, updated full bathroom, updated roof and new water heater. Avocado and orange trees included. Vacant and move-in ready! Zoned R3, the property presents excellent potential for rental income! Centrally located in East Los Angeles, adjacent to Montebello, near schools, Saybrook Park, shopping, dining, public transit, and the 5, 60, and 710 freeways. Just minutes from Citadel Outlets, The Commerce Casino, Montebello Town Center, Topgolf, The Marketplace shops, Downtown LA, and the Arts District.

Price History

Date
Event
Price
07/28/25
$698,000
06/24/11
Sold
$268,000
12/08/10
Sold
$152,500
10/01/07
Sold
$475,000
Condition Rating
Good
Built in 1949, this property has undergone significant recent updates that elevate its condition. The listing explicitly mentions 'Central AC, updated full bathroom, updated roof and new water heater,' all of which are critical system and functional improvements. The images confirm a clean, updated bathroom with modern tiling, a pedestal sink, and contemporary fixtures, making it move-in ready. While the kitchen's full extent of renovation isn't explicitly detailed or fully visible in the images, the glimpse suggests functional dark cabinetry and a breakfast bar, indicating it's not original 1949 and likely in serviceable condition. Other areas show fresh paint and updated flooring. These updates, particularly to major systems and the bathroom, ensure the property is move-in ready with no immediate renovation required, aligning well with the 'Good' condition criteria, despite its age and the potentially less-than-cutting-edge kitchen.
Pros & Cons

Pros

R3 Zoning & Investment Potential: The R3 zoning offers significant development or rental income opportunities, enhancing long-term value and flexibility for investors.
Extensive Recent Upgrades: Key systems and aesthetics have been updated, including Central AC, roof, water heater, full bathroom, and fresh interior paint, providing a truly move-in ready experience and reducing immediate buyer expenses.
Strategic Central Location: Positioned in East Los Angeles with excellent freeway access (5, 60, 710), public transit, and proximity to major commercial and entertainment hubs like Citadel Outlets, Downtown LA, and the Arts District.
Flexible Bonus Room: The inclusion of a bonus room provides valuable versatility, easily adaptable as a third bedroom, home office, or creative space, catering to diverse buyer needs.
Ample Parking & Detached Garage: A detached 2-car garage and long driveway offer significant parking solutions, a premium in Los Angeles, and potential for future ADU conversion (given R3 zoning).

Cons

Single Bathroom: The property features only one bathroom, which may be a limiting factor for families or multiple occupants.
Older Home Structure: Built in 1949, the property's age, despite recent updates, may present potential for older infrastructure issues not covered by the listed renovations.
Modest Interior Square Footage: At 1026 sqft, the interior living space is relatively compact, which might be a consideration for buyers seeking more expansive living areas.

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