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116 W 70th Street, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 2 bath

116 W 70th Street, Los Angeles, California 90003 home-pic-0
ACTIVE$799,000
116 W 70th Street, Los Angeles, California 90003
3Beds
2Baths
1,591Sqft
5,103Lot
Year Built
1924
Close
-
List price
$799K
Original List price
$799K
Price/Sqft
$502
HOA
-
Days on market
-
Sold On
-
MLS number
DW25144571
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 46% below the list price. We found 3 Cons,5 Pros. Rank: price - $799.0K(94th), sqft - 1591(86th), beds - 3(50th), baths - 2(50th).

Pride of Ownership shines in this lovingly maintained home. From the moment you step onto the inviting front porch, you'll feel right at home. Inside you will find a perfect setting for comfortable, family-style living. The updated kitchen and bathrooms combine modern finishes, ensuring both style and functionality. An added bonus is the fully equipped Accessory Dwelling Unit (ADU) in the backyard, ideal for extended family, guests, or rental income potential. Whether you're relaxing indoors or enjoying the private outdoor space, this move-in-ready home offers the perfect blend of comfort, versatility, and convenience.

Price History

Date
Event
Price
05/11/21
Sold
$635,000
10/14/20
Sold
$375,000
09/03/10
Sold
$217,000
04/09/10
Sold
$140,000
Condition Rating
Good
Despite being built in 1924, the property is described as 'lovingly maintained' and 'move-in ready' with 'updated kitchen and bathrooms' featuring 'modern finishes.' The images confirm a recently updated kitchen with white shaker cabinets, modern appliances, and patterned tile flooring. The living areas feature well-maintained dark laminate flooring. The presence of a 'fully equipped Accessory Dwelling Unit (ADU)' also suggests recent and significant improvements. While the exterior and roof show some age, the interior updates and overall maintenance align with the 'Good' criteria of being move-in ready with minimal wear and tear, and major systems being functional due to recent updates.
Pros & Cons

Pros

Income-Generating ADU: The fully equipped Accessory Dwelling Unit (ADU) provides excellent versatility for rental income potential, extended family, or guest accommodation.
Updated Interior Finishes: The updated kitchen and bathrooms feature modern finishes, enhancing the home's aesthetic appeal and functionality for immediate enjoyment.
Move-in Ready Condition: Described as a 'move-in-ready home,' it offers comfort and convenience without requiring immediate renovations or repairs from the buyer.
Well-Maintained Property: The property exhibits 'Pride of Ownership' and is 'lovingly maintained,' suggesting good upkeep and care by the current owners.
Inviting Outdoor Spaces: The presence of an 'inviting front porch' and 'private outdoor space' adds to the home's charm and offers areas for relaxation and entertainment.

Cons

Significant Price Discrepancy: The listing price of $799,000 is considerably higher than the property's estimated value of $430,490.275, which may raise questions about market competitiveness and valuation.
Age of Construction: Built in 1924, the property is nearly a century old, which could lead to potential concerns regarding the condition of unseen original infrastructure or higher long-term maintenance needs.
Limited Detail on Major System Upgrades: While kitchen and bathrooms are updated, the description lacks specific information on upgrades to other critical systems such as HVAC, roofing, or electrical, which are important considerations for an older home.

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