1319 S Downey Road, Los Angeles, California 90023, Los Angeles, 90023 - 3 bed, 2 bath

1319 S Downey Road, Los Angeles, California 90023 home-pic-0
ACTIVE$979,000
1319 S Downey Road, Los Angeles, California 90023
3Beds
2Baths
1,594Sqft
7,825Lot
Year Built
1928
Close
-
List price
$979K
Original List price
$979K
Price/Sqft
$614
HOA
-
Days on market
-
Sold On
-
MLS number
PW25013791
Home ConditionGood
Features
View-

About this home

Possibly Over-Priced:The estimated price is 42% below the list price. We found 3 Cons,6 Pros. Rank: price - $979.0K(86th), sqft - 1594(73th), beds - 3(50th), baths - 2(50th).

Welcome to this charming Spanish home offering 3 bedrooms, 2 bath. This property offers so much potential with a lot size of 7,825 sq ft. As you enter you are greeted with a large living room, an arched ceiling, build in book shelfs and new carpet. Dinning area leads you down a hall to all 3 spacious bedrooms with walk in closets, ceiling fans, new carpet. Main bath was complete remodeled with beautiful tile throughout. Bath does not offer a tub. Laundry area allows for washer and dryer to go side by side with extra space. Has a newer kitchen with plenty of cabinet space, pantry, an island, recessed lighting and tile ceramic floor. A/C and heating throughout. Spacious back yard offering 2 lemon, lime, 2 avocado, orange, nectarine, pomegranate trees and a young sweet grapefruit tree. Conveniently located close to the 5-fwy, 710-fwy, schools, daycare, Cal State L.A., parks, grocery stores and restaurants.

Condition Rating
Good

Built in 1928, this charming Spanish home has undergone significant and recent updates in key areas. The kitchen features modern white shaker cabinets, stainless steel appliances, an island, and recessed lighting, making it highly functional and aesthetically pleasing. The main bathroom has been completely remodeled with contemporary tile and a new vanity. New carpet has been installed in the living room and bedrooms, and the property benefits from A/C and heating throughout. While some elements like certain light fixtures and the hallway tile show their age, and the main bathroom lacks a tub, the substantial renovations make the property move-in ready with no immediate major repairs required, aligning with the 'Good' condition criteria for properties extensively renovated within the last 5 to 15 years.
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 = 7825, living area = 1594.
Charming Spanish Architecture: The property is described as a 'charming Spanish home' featuring an arched ceiling and built-in bookshelves, adding unique character and aesthetic appeal.
Generous Lot Size with Fruit Trees: A substantial 7,825 sq ft lot offers a 'spacious back yard' with multiple mature fruit trees (lemon, lime, avocado, orange, nectarine, pomegranate, grapefruit), enhancing outdoor living and potential value.
Updated Interior Spaces: The home boasts a 'newer kitchen' with an island, pantry, recessed lighting, and tile flooring, alongside a 'complete remodeled main bath with beautiful tile throughout' and new carpet in key areas.
Modern Comforts & Practicality: Equipped with 'A/C and heating throughout' and a dedicated 'laundry area' allowing for side-by-side washer and dryer, providing essential comfort and convenience.
Convenient Location: Strategically located with easy access to the 5-fwy and 710-fwy, schools, daycare, Cal State L.A., parks, grocery stores, and restaurants, offering excellent connectivity and amenities.

Cons

Significant Price Discrepancy: The listing price of $979,000 is considerably higher than the estimated property value of approximately $562,520 and recent comparable sales, suggesting it may be overpriced for the current market.
Main Bathroom Lacks a Bathtub: The main bathroom, despite being remodeled, 'does not offer a tub,' which could be a drawback for certain buyer demographics, particularly families with young children.
Age of Property & Potential for Unspecified Updates: Built in 1928, while charming, the property's age implies potential for older infrastructure or systems not explicitly mentioned as updated (e.g., roof, windows, electrical beyond general A/C and heating), which may require future investment.

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