134 E 75th Street, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 2 bath
ACTIVE$550,000
134 E 75th Street, Los Angeles, California 90003
3Beds
2Baths
1,213Sqft
3,825Lot
Year Built
1923
Close
-
List price
$550K
Original List price
$600K
Price/Sqft
$453
HOA
-
Days on market
-
Sold On
-
MLS number
RS25005399
Home ConditionPoor
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Possibly Over-Priced:The estimated price is 33% below the list price. We found 3 Cons,5 Pros. Rank: price - $550.0K(45th), sqft - 1213(57th), beds - 3(50th), baths - 2(50th).
This is a fixer-upper. It is original and is in need of updates. The house is Vacant. This house is being sold "As-Is". Great opportunity for an investor or family who works in construction and could do the renovations.
Condition Rating
Poor
The property, built in 1923, is explicitly described as a 'fixer-upper' and 'in need of updates,' being sold 'As-Is.' Images reveal extremely outdated and neglected conditions throughout, particularly in the kitchen and bathrooms which feature very old cabinetry, fixtures, and tiling, indicating no significant renovations in many decades. Flooring is worn carpet, walls are textured and show signs of age, and visible electrical/HVAC components are old. This property requires substantial repairs and rehabilitation to bring it to a modern, safe, and comfortable living standard.
Pros & Cons
Pros
Investment Opportunity: Explicitly marketed as a 'Great opportunity for an investor' due to its fixer-upper status, suggesting significant potential for return on investment after renovation.
Renovation Upside: The property's 'original' and 'fixer-upper' condition allows for substantial value addition through modernization and customization to meet current market demands.
Vacant Status: Being vacant, the property allows for immediate commencement of renovations without the complexities or delays associated with existing tenants.
City Lights View: The property offers a desirable 'City Lights' view, adding an attractive aesthetic feature and potential for enhanced market appeal.
Functional Layout: With 3 bedrooms and 2 bathrooms, the property offers a practical and sought-after configuration for families or future rental income.
Cons
Extensive Renovation Required: Described as a 'fixer-upper' and 'in need of updates,' indicating that significant capital and effort will be necessary to bring the property to a modern, livable standard.
Sold 'As-Is' Condition: The property is being sold 'As-Is,' which means the buyer assumes all responsibility for any necessary repairs, inspections, and potential hidden issues, increasing financial risk.
Overpriced Relative to Condition: The listing price of $550,000 is considerably higher than the estimated value of $363,315.01, suggesting the property is significantly overvalued in its current, unrenovated state.