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1051 5th Avenue, Los Angeles, California 90019, Los Angeles, 90019 - 3 bed, 2 bath

1051 5th Avenue, Los Angeles, California 90019 home-pic-0
ACTIVE$1,499,000
1051 5th Avenue, Los Angeles, California 90019
3Beds
2Baths
1,406Sqft
6,502Lot
Year Built
1919
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$1,066
HOA
-
Days on market
-
Sold On
-
MLS number
25526165
Home ConditionExcellent
Features
Good View: City Lights, Trees/Woods
ViewCity Lights,Trees/Woods

About this home

Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.50M(57th), sqft - 1406(31th), beds - 3(50th), baths - 2(50th).

Prime Location in Historic Country Club Park Don't miss this exceptional opportunity to own a beautifully updated residence in the heart of highly sought-after Historic Country Club Park. Featuring 3 bedrooms and 2 bathrooms, this thoughtfully remodeled home is ideal for today's lifestyle perfect for living, working, and entertaining. The property showcases tasteful upgrades throughout, along with owned solar panels, a spacious lot, and a detached garage with ADU potential. Whether you're considering expansion or simply enjoying the ample outdoor space, this home offers remarkable versatility. Just minutes from Hancock Park, Larchmont Village, premier dining, shopping, and recreation experience the best of Los Angeles living!!!!!

Nearby schools

3/10
Wilton Place Elementary School
Public,•K-5•0.6mi
7/10
Queen Anne Place Elementary School
Public,•K-5•0.6mi
3/10
Arlington Heights Elementary School
Public,•K-5•0.8mi
6/10
Carson-Gore Academy Of Enviornmental Studies
Public,•K-5•0.8mi
3/10
Los Angeles Elementary School
Public,•K-5•0.9mi
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•1.3mi
3/10
Sixth Avenue Elementary School
Public,•K-5•1.8mi
5/10
Pio Pico Middle School
Public,•6-8•0.6mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•0.7mi
7/10
John Burroughs Middle School
Public,•6-8•1.2mi
4/10
Los Angeles Senior High School
Public,•9-12•0.8mi
4/10
West Adams Preparatory High School
Public,•9-12•2.0mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•2.5mi

Price History

Date
Event
Price
05/31/22
Sold
$1,425,000
01/20/22
Sold
$1,200,000
11/21/18
Sold
$840,000
Condition Rating
Excellent
Despite being built in 1919, this property has undergone a 'beautifully updated' and 'thoughtfully remodeled' renovation with 'tasteful upgrades throughout,' making it ideal for today's lifestyle. The description strongly implies a comprehensive and recent overhaul, bringing the kitchen and bathrooms to modern standards with high-quality finishes and appliances. The inclusion of owned solar panels further indicates significant, recent investment in modern amenities and efficiency, suggesting all components are virtually new and meet current quality standards.
Pros & Cons

Pros

Prime Location: Situated in the highly sought-after Historic Country Club Park, minutes from Hancock Park, Larchmont Village, premier dining, shopping, and recreation, offering excellent accessibility and desirability.
Thoughtfully Remodeled: The residence has been beautifully updated and thoughtfully remodeled with tasteful upgrades throughout, making it ideal for today's lifestyle and move-in ready.
ADU Potential: A detached garage offers significant Accessory Dwelling Unit (ADU) potential, providing an opportunity for additional income, guest quarters, or multi-generational living.
Owned Solar Panels: The property includes owned solar panels, contributing to energy efficiency, reduced utility costs, and environmental sustainability.
Spacious Lot: The property boasts a spacious 6,502 sqft lot, offering ample outdoor space for entertaining, gardening, or potential future expansion.

Cons

Significant Price Discrepancy: The current list price of $1,499,000 is substantially higher than the estimated property value of $1,168,456, and also exceeds the sold prices of several larger comparable properties in the immediate area.
Smaller Interior Square Footage: At 1,406 sqft, the property offers less interior living space compared to several recently sold or active comparable properties in the neighborhood, which may impact its perceived value at the current price point.
Potential for Age-Related Maintenance: Built in 1919, despite being updated, the property's age may still imply potential for underlying older infrastructure (e.g., plumbing, electrical, foundation) that could require future maintenance or upgrades not explicitly covered by the described 'tasteful upgrades'.

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