1117 W 50th Street, Los Angeles, California 90037, Los Angeles, 90037 - 2 bed, 1 bath
ACTIVE$680,000
1117 W 50th Street, Los Angeles, California 90037
2Beds
1Bath
1,512Sqft
5,591Lot
Year Built
1912
Close
-
List price
$680K
Original List price
$720K
Price/Sqft
$450
HOA
-
Days on market
-
Sold On
-
MLS number
24416787
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,5 Pros. Rank: price - $680.0K(55th), sqft - 1512(55th), beds - 2(18th), baths - 1(24th).
Nearby schools
/10
Dr. James Edward Jones Primary Center
Public,•K-2•0.2mi
3/10
Normandie Avenue Elementary School
Public,•K-5•0.4mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•0.4mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•0.4mi
5/10
Menlo Avenue Elementary School
Public,•K-5•0.7mi
2/10
Western Avenue Elementary School
Public,•K-5•0.8mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.9mi
2/10
Martin Luther King Jr. Elementary School
Public,•K-5•1.2mi
2/10
Main Street Elementary School
Public,•K-5•1.2mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.6mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.7mi
3/10
Trinity Street Elementary School
Public,•K-5•1.7mi
/10
Maple Primary Center
Public,•K-1•1.8mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•2.0mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.6mi
2/10
John Muir Middle School
Public,•6-8•0.8mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.9mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•1.8mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.8mi
2/10
Audubon Middle School
Public,•6-8•2.2mi
3/10
Manual Arts Senior High School
Public,•9-12•0.7mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.9mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.0mi
3/10
Nava College Preparatory Academy
Public,•9-12•2.6mi
5/10
Santee Education Complex
Public,•9-12•2.8mi
Condition Rating
Poor
Built in 1912, this property is over a century old. The kitchen features highly outdated white appliances, old cabinetry, laminate countertops, and dated linoleum flooring, requiring a complete renovation. The single bathroom is similarly outdated with old fixtures and tiling. While the hardwood floors in other areas appear functional, the property's age strongly suggests that major systems such as plumbing, electrical, and HVAC would require substantial upgrades and rehabilitation to meet current standards and comfort levels. The property requires significant investment beyond minor cosmetic updates.
Pros & Cons
Pros
Historic Charm: Built in 1912, the property likely possesses classic architectural details and character, appealing to buyers seeking period homes with unique historical appeal.
Generous Lot Size: The 5591 sqft lot provides ample outdoor space, offering significant potential for future expansion, extensive landscaping, or the addition of an Accessory Dwelling Unit (ADU), which can substantially increase property value in Los Angeles.
Spacious Interior Footprint: With 1512 sqft for a 2-bedroom, 1-bathroom layout, the home offers larger-than-average room sizes, providing flexibility for interior reconfiguration or the potential to add another bathroom or bedroom.
Strong School Proximity: The property is located near several elementary schools, including the highly-rated Menlo Avenue Elementary (rated 5), making it an attractive option for families with school-aged children.
Recent Price Adjustment: The property has seen a recent price reduction from $720,000 to $680,000, indicating seller motivation and potentially offering a more competitive entry point for prospective buyers.
Cons
Overpricing & Valuation Gap: The current list price of $680,000 is significantly higher than the automated estimation value of $422,535, and appears high compared to recently sold 3-bedroom, 2-bathroom properties in the immediate vicinity that sold for similar or lower prices, often with recent upgrades.
Limited Bed/Bath Configuration: With only 2 bedrooms and 1 bathroom, the property offers fewer accommodations than many comparable homes in the area, which often feature 3 bedrooms and 2 bathrooms, potentially limiting its appeal to larger families or those seeking more functional space.
Age-Related Renovation Needs: Built in 1912, the property is over a century old. While offering charm, this age often implies a need for significant updates to major systems (e.g., plumbing, electrical, HVAC) and general modernization, which could entail substantial renovation costs not explicitly addressed in the listing.