RealKey
‪(213) 433-7766‬

137 E Avenue 42, Los Angeles, California 90031, Los Angeles, 90031 - 3 bed, 2 bath

137 E Avenue 42, Los Angeles, California 90031 home-pic-0
ACTIVE$1,200,000
137 E Avenue 42, Los Angeles, California 90031
3Beds
2Baths
1,700Sqft
7,502Lot
Year Built
1903
Close
-
List price
$1.2M
Original List price
$1.25M
Price/Sqft
$706
HOA
-
Days on market
-
Sold On
-
MLS number
PW24244909
Home ConditionExcellent
Features
Deck
Pool
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 30% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.20M(74th), sqft - 1700(66th), beds - 3(50th), baths - 2(50th).

As you step into this stunning single-family pool home, you'll immediately feel a sense of warmth and comfort with timeless charm and modern elegance, this residence is perfect for hosting gatherings or enjoying a peaceful retreat. Newly installed wood flooring enhances the inviting atmosphere throughout the living spaces. The fully renovated kitchen and bathrooms boast beautiful upgrades and sophisticated design, creating a fresh, contemporary feel. The kitchen features brand-new Shaker cabinetry, stainless steel appliances, large kitchen island and new countertops. Designed for both relaxation and entertaining, the spacious backyard offers ample room for gatherings, with a spacious deck, sparkling swimming pool along with abundant parking and a separate detached bonus room that can be used as an office. Located within an HPOZ, this home offers convenient access to Figueroa St., York Blvd., Pasadena’s charming coffee shops, renowned restaurants, trendy boutiques, and art galleries. Enjoy the historic Highland Park Bowl, scenic parks, DTLA, and the Arts District. Explore picturesque hiking trails, iconic staircases, and the tranquil Self Realization Center. Savor delicious tacos at Homestate, rich coffee at Tierra Mia, and unique finds at Charlotte Stone. Catch a film at the coolest cinema, dine along Figueroa, or bowl at the legendary Highland Park Bowl. Stroll through local nurseries for weekend gardening inspiration. Just minutes away via Arroyo Parkway, you can indulge in a romantic dinner at Houston’s or The Raymond. With close proximity to Huntington Hospital, Keck Hospital at USC, Dodger Stadium, and more, this home offers both convenience and charm in an unbeatable location!

Price History

Date
Event
Price
04/19/24
Sold
$868,000
04/12/24
Sold
$835,000
Condition Rating
Excellent
Despite being built in 1903, this property has undergone an extensive and recent renovation, as evidenced by the 'newly installed wood flooring' and 'fully renovated kitchen and bathrooms.' The kitchen features brand-new Shaker cabinetry, stainless steel appliances, a large island, and new countertops, all appearing modern and high-quality in the images. The bathrooms also show sophisticated, contemporary design with new fixtures and tiling. The overall aesthetic is fresh and move-in ready, with no visible signs of wear or deferred maintenance, aligning with the criteria for an 'excellent' condition after a significant recent overhaul.
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 = 7502, living area = 1700.
Modern Renovations: The property boasts extensive modern renovations, including a fully renovated kitchen with brand-new Shaker cabinetry, stainless steel appliances, a large island, new countertops, and newly installed wood flooring throughout, creating a fresh and contemporary feel.
Exceptional Outdoor Living: Designed for relaxation and entertaining, the spacious backyard features a sparkling swimming pool, a generous deck, and ample room for gatherings, enhancing lifestyle and property appeal.
Versatile Detached Bonus Room: A separate detached bonus room offers flexible usage, ideal for a home office, studio, or additional living space, adding significant functional value to the property.
Prime Location & Local Amenities: Situated in an unbeatable location with convenient access to vibrant Figueroa St. and York Blvd., offering proximity to charming coffee shops, renowned restaurants, trendy boutiques, art galleries, parks, DTLA, and major medical centers.
Historic Charm with Modern Elegance: Built in 1903, the residence successfully blends timeless charm with modern elegance, providing a warm and inviting atmosphere that appeals to a broad range of buyers.

Cons

Significant Overpricing: The current listing price of $1.2 million is approximately 30% higher than the estimated property value of $832,165.87, suggesting a potential overvaluation in the current market.
HPOZ Restrictions: Being located within a Historic Preservation Overlay Zone (HPOZ) may impose restrictions on exterior modifications and future renovations, potentially limiting a buyer's ability to alter the property's facade or structure without specific approvals.
Potential for Older Infrastructure: Despite recent cosmetic renovations, the property's 1903 construction date suggests the possibility of underlying older infrastructure (e.g., plumbing, electrical, foundation) that may not have been fully updated and could require future investment.

Best solution for experienced home buyers!

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

Browse Properties by State Browse housing market trends by state