ACTIVE$625,000

12320 Elva Avenue, Los Angeles, California 90059

3Beds

1Bath

1,668Sqft

9,502Lot

Year Built

1946

List price

$625K

Original List price

$625K

Price/Sqft

$375

HOA

Days on market

Sold On

MLS number

DW25036060

Home ConditionPoor

Features

Good View: City Lights

ViewCity Lights

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,6 Pros. Rank: price - $625.0K(53th), sqft - 1668(87th), beds - 3(50th), baths - 1(43th).

!!!!!!!!!!!LOOKING FOR CASH BUYER !!!!!!!!!!!!!!!!This spacious home offers 3 bedrooms and 2 bathrooms with 1,668 sq ft of living space. Sitting on an expansive 9,502 sq ft lot, this property presents a fantastic opportunity for a large family or savvy investor. The home is being sold as part of a PROBATE SALE REQUIRING COURT APPROVAL ,SELLER HAS FULL AUTHORITYB TO SELL offering potential for creative updates or expansion. The generous lot size provides the perfect foundation to build an Accessory Dwelling Unit (ADU),and junior ADU adding even more value. Situated in a prime location, this home is just minutes from Downtown LA, major freeways, entertainment, dining, and more. A must-see opportunity with endless potential!

Price History

Date

Event

Price

02/20/25

Listing

$625,000

Condition Rating

Poor

Built in 1946, this property is 78 years old and shows significant signs of age and neglect on the exterior, including a dry lawn and dated appearance. The listing explicitly targets 'cash buyers' and mentions 'potential for creative updates or expansion,' which strongly indicates substantial deferred maintenance and outdated systems throughout. The presence of only one bathroom for three bedrooms is a major functional deficiency. While not a tear-down, the property requires significant repairs and rehabilitation, particularly in the kitchen and bathroom, to be comfortable and meet modern living standards.

Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9502, living area = 1668.

Large Lot Size: The expansive 9,502 sq ft lot offers significant outdoor space and potential for future development or landscaping.

ADU/JADU Potential: The generous lot size provides an excellent foundation for building an Accessory Dwelling Unit (ADU) and Junior ADU, adding substantial value and income potential.

Prime Location & Accessibility: Situated minutes from Downtown LA, major freeways, entertainment, and dining, offering convenient access to urban amenities.

City Lights View: The property boasts desirable city lights views, enhancing its aesthetic appeal and potential market value.

Spacious Living Area: With 1,668 sq ft of living space, the home provides ample room for a 3-bedroom residence, suitable for families.

Cons

Probate Sale with Court Approval: The sale is subject to probate court approval, which can introduce delays, complexity, and uncertainty into the transaction process.

Cash Buyer Requirement: The explicit requirement for a cash buyer significantly narrows the pool of potential purchasers, potentially impacting the sale price and time on market.

Limited Bathrooms: The property features only one bathroom for three bedrooms, which may be considered insufficient by modern standards and could necessitate future renovation.

About this home

Price History

Pros

Cons

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12320 Elva Avenue, Los Angeles, California 90059, Los Angeles, 90059 - 3 bed, 1 bath

About this home

Price History

Pros

Cons

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI