11863 Avalon Boulevard, Los Angeles, California 90061, Los Angeles, 90061 - 3 bed, 2 bath

11863 Avalon Boulevard, Los Angeles, California 90061 home-pic-0
ACTIVE$950,000
11863 Avalon Boulevard, Los Angeles, California 90061
3Beds
2Baths
1,902Sqft
5,543Lot
Year Built
1931
Close
-
List price
$950K
Original List price
$1.1M
Price/Sqft
$499
HOA
-
Days on market
-
Sold On
-
MLS number
24472901
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 48% below the list price. We found 3 Cons,5 Pros. Rank: price - $950.0K(96th), sqft - 1902(91th), beds - 3(50th), baths - 2(50th).

Welcome to this newly renovated gem located in the heart of South Los Angeles. This meticulously redesigned home boasts 3 bedrooms and 2 bathrooms in the main house, alongside a separate 1-bedroom, 1-bath unit and an additional studio with Split Hvac units, all spread across an expansive 1,940 square feet. Set on a uniquely spacious 5,500 square foot C2 lot, this property beautifully blends contemporary style with modern architecture. Upon entering, you'll be greeted by an open-concept floor plan bathed in abundant natural light, thanks to the numerous windows throughout. The layout promotes a welcoming atmosphere for relaxation and entertainment from the moment you step inside. The living area features sleek natural hardwood floors, creating an inviting ambiance. The gourmet kitchen is a chef's dream, outfitted with state-of-the-art appliances, premium matte black faucets, granite countertops, a stylish black brick backsplash, custom cabinetry, and a spacious island perfect for both culinary creations and casual dining. Retreat to the primary suite, a private sanctuary complete with a luxurious en-suite bathroom featuring exquisite custom tile work. Two additional bedrooms provide ample space for family or guests, and the property features 2 units that offer flexible options for extended family or rental income. No expense was spared in this home's transformation, which includes all new electrical wiring, plumbing, a new central air conditioning system, a tankless water heater. Venture outside to create your own oasis of privacy and serenity, ideal for outdoor gatherings or simply enjoying Southern California's beautiful weather, spacious back yard with 1 car garage and much more. Located in a prime South LA neighborhood, this home offers the convenience of nearby local shops, dining options, parks, and easy access to major freeways for seamless commuting. Don't miss your chance to own this exceptional, one-of-a-kind residence. Schedule a tour today before it's too late!

Condition Rating
Excellent

This property, originally built in 1931, has undergone a 'newly renovated' and 'meticulously redesigned' transformation. The description details a gourmet kitchen with state-of-the-art appliances, granite countertops, custom cabinetry, and matte black fixtures, along with luxurious en-suite bathrooms featuring exquisite custom tile work. All major systems have been replaced, including new electrical wiring, plumbing, a new central air conditioning system, and a tankless water heater. The presence of sleek natural hardwood floors and the overall contemporary style, as confirmed by the images, indicates a comprehensive, high-quality renovation that brings the home to modern standards with virtually new components and no deferred maintenance.
Pros & Cons

Pros

Multi-Unit Income Potential: The property includes a separate 1-bedroom, 1-bath unit and an additional studio, offering significant rental income opportunities or flexible living arrangements for extended family.
Extensive Modern Renovation: Recently renovated with all new electrical wiring, plumbing, a new central air conditioning system, and a tankless water heater, minimizing immediate maintenance and upgrade costs for a buyer.
Gourmet Kitchen: Features a chef's dream kitchen with state-of-the-art appliances, premium matte black faucets, granite countertops, a stylish black brick backsplash, custom cabinetry, and a spacious island.
Spacious C2 Zoned Lot: Set on a uniquely spacious 5,500 square foot C2 lot, providing ample outdoor space and potential for commercial use or further development, adding long-term value.
Convenient Location: Located in a prime South LA neighborhood with easy access to local shops, dining options, parks, and major freeways, ensuring seamless commuting and access to amenities.

Cons

Significant Overpricing: The current list price of $950,000 is substantially higher than the property's estimated value ($486,167.07) and recent comparable sales, indicating a potential disconnect with market expectations.
Extended Time on Market: Having been listed since December 2024, the property's prolonged market presence suggests buyer resistance, likely due to its pricing strategy or other perceived market challenges.
C2 Zoning Implications: While offering commercial potential, the C2 zoning might introduce complexities or concerns for buyers seeking a purely residential property, such as potential for nearby commercial development or specific financing requirements.

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