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1410 E 110th Street, Los Angeles, California 90059, Los Angeles, 90059 - 5 bed, 2 bath

1410 E 110th Street, Los Angeles, California 90059 home-pic-0
ACTIVE$529,000
1410 E 110th Street, Los Angeles, California 90059
5Beds
2Baths
1,795Sqft
5,647Lot
Year Built
1905
Close
-
List price
$529K
Original List price
$529K
Price/Sqft
$295
HOA
-
Days on market
-
Sold On
-
MLS number
IG25089944
Home ConditionPoor
Features
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,6 Pros. Rank: price - $529.0K(25th), sqft - 1795(92th), beds - 5(92th), baths - 2(50th).

** This is absolutely the best investment property in all of Los Angeles. Investors, opportunity seekers, look no further than this property. All the ingredients for a successful flip, rehab & hold or long term rental property are found here. Great location central to all SoCal has to offer. Add this beauty to your portfolio and you'll be thanking us for a very long time. Property actually has 2 addresses. 1410 & 1412 (see supplements). Each unit has its own gas, water & electric meter as well as each unit has its own Electric Water Heater....instant and constant hot water. Newer roof installed in 2017 to accommodate solar panels. Seller states solar system is paid off & fully connected, yet never activated. Rear unit is 2 bedrooms and 1 full bath, front unit is 3 bedrooms and 1 full bath. Home needs LOTS of TLC and is being sold strictly as an investment opportunity. Many of the homes immediately next to or in front of or in surrounding area have been converted to new duplexes as the lots in this area are zoned R2 or have been added to upward and converted into 2 story properties allowing for more space. Property features a huge driveway allowing for at least 3-4 cars. At this cash price, home will sell fast so please consider submitting your highest, best and FINAL offer on your initial offer point. Seller may not counter. Listing Broker has appraisal on hand from May 2024 @ $660,000 from when seller tried to refinance.

Nearby schools

3/10
One Hundred Twelfth Street Elementary School
Public,•K-5•0.2mi
2/10
Lovelia P. Flournoy Elementary School
Public,•K-5•0.3mi
3/10
Compton Avenue Elementary School
Public,•K-5•0.4mi
2/10
One Hundred Ninth Street Elementary School
Public,•K-5•0.6mi
3/10
Grape Street Elementary School
Public,•K-5•0.7mi
4/10
One Hundred Sixteenth Street Elementary School
Public,•K-5•0.9mi
5/10
Ninety-Ninth Street Elementary School
Public,•K-6•0.9mi
3/10
Ninety-Sixth Street Elementary School
Public,•K-6•0.9mi
2/10
Weigand Avenue Elementary School
Public,•K-5•1.2mi
5/10
Ritter Elementary School
Public,•K-5•1.3mi
5/10
Martin Luther King Elementary School
Public,•PK-6•1.4mi
4/10
Ninety-Second Street Elementary School
Public,•K-6•1.4mi
4/10
Judith F. Baca Arts Academy
Public,•K-6•1.5mi
6/10
Montara Avenue Elementary School
Public,•K-6•1.9mi
5/10
Lincoln Elementary School
Public,•K-5•1.9mi
4/10
Stanford Avenue Elementary School
Public,•K-5•2.0mi
7/10
Willow Elementary
Public,•K-5•2.1mi
5/10
Lindbergh Elementary School
Public,•K-6•2.4mi
4/10
Griffin Avenue Elementary School
Public,•K-5•9.4mi
3/10
Edwin Markham Middle School
Public,•6-8•0.5mi
2/10
Lincoln Elementary School
Public,•K-7•0.7mi
3/10
Carver Elementary School
Public,•PK-8•0.8mi
5/10
Willowbrook Middle School
Public,•6-8•1.5mi
2/10
Southeast Middle School
Public,•6-8•1.6mi
2/10
Samuel Gompers Middle School
Public,•6-8•1.6mi
2/10
Bunche Middle School
Public,•6-8•1.6mi
1/10
Charles Drew Middle School
Public,•6-8•1.8mi
2/10
Cesar Chavez Middle School
Public,•6-8•2.7mi
3/10
Lynwood Middle School
Public,•7-8•3.0mi
2/10
David Starr Jordan Senior High School
Public,•9-12•1.2mi
3/10
Centennial High School
Public,•9-12•1.4mi
9/10
Compton Early College High
Public,•9-12•1.5mi
6/10
South East High School
Public,•9-12•1.7mi
3/10
John C. Fremont Senior High School
Public,•9-12•2.6mi
4/10
Lynwood High School
Public,•9-12•3.3mi
4/10
Marco Antonio Firebaugh High School
Public,•9-12•4.0mi
6/10
International Studies Learning Center At Legacy High School Complex
Public,•6-12•4.1mi

Price History

Date
Event
Price
10/04/95
Sold
$136,000
Condition Rating
Poor
Built in 1905, this property explicitly 'needs LOTS of TLC' and is marketed as an 'investment opportunity' for 'flip, rehab & hold.' The images confirm severe outdatedness and disrepair throughout. The kitchen features very old, worn cabinetry, outdated countertops, and old appliances, requiring a complete renovation. Bathrooms are similarly dilapidated with old fixtures and finishes. While a newer roof (2017) and separate electric water heaters are noted, these are minor updates compared to the extensive rehabilitation needed for the entire interior, major systems (electrical, plumbing), and overall structural integrity. The property is far from move-in ready and requires substantial repairs to be safe and comfortable, aligning with a 'poor' condition rating.
Pros & Cons

Pros

Great Schools: High School: Compton Early College High (9/10).
Strong Investment & Development Potential: Explicitly marketed for flip, rehab, hold, or long-term rental, bolstered by R2 zoning allowing for duplex conversion or expansion to a two-story property, aligning with neighborhood trends.
Existing Multi-Unit Configuration: The property features two distinct units (3-bed/1-bath and 2-bed/1-bath) with separate addresses and individual gas, water, and electric meters, maximizing rental income potential.
Recent High Appraisal Value: A May 2024 appraisal at $660,000, significantly higher than the listing price, suggests immediate equity potential post-renovation for a savvy investor.
Paid-Off Solar System & Newer Roof: A 2017 roof and a fully paid-off, connected (though unactivated) solar system offer significant future energy savings and added value upon activation.
Ample Parking & Central Location: Features a large driveway accommodating 3-4 cars, and is centrally located for convenient access to Southern California amenities.

Cons

Extensive Renovation Required: The property 'needs LOTS of TLC' and is sold 'strictly as an investment opportunity,' implying significant capital investment and effort for rehabilitation.
Significant Discrepancy in Estimated Value: The current listing price of $529,000 is substantially higher than the estimated value of $328,935.98, which could impact financing or perceived market value despite a higher appraisal.
As-Is Sale & Seller's Urgency: Sold in 'as-is' condition with a strong emphasis on 'highest, best and FINAL offer' and 'seller may not counter,' indicating limited negotiation flexibility and potential for hidden issues.

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