1418 W 70th Street, Los Angeles, California 90047, Los Angeles, 90047 - 2 bed, 1 bath
ACTIVE$639,000
1418 W 70th Street, Los Angeles, California 90047
2Beds
1Bath
906Sqft
4,680Lot
Year Built
1922
Close
-
List price
$639K
Original List price
$639K
Price/Sqft
$705
HOA
-
Days on market
-
Sold On
-
MLS number
DW25130429
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 32% below the list price. We found 3 Cons,6 Pros. Rank: price - $639.0K(28th), sqft - 906(8th), beds - 2(27th), baths - 1(32th).
PROPERTY HAS A GARAGE CONVERSION ... NOT A LEGAL ADU.
Nearby schools
3/10
Raymond Avenue Elementary School
Public,•K-5•0.3mi
3/10
Budlong Avenue Elementary School
Public,•K-5•0.8mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•0.9mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•1.3mi
2/10
Western Avenue Elementary School
Public,•K-5•1.3mi
1/10
Horace Mann Junior High School
Public,•6-8•0.6mi
2/10
John Muir Middle School
Public,•6-8•0.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.9mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•2.2mi
9/10
Middle College High School
Public,•9-12•4.5mi
Price History
Date
Event
Price
07/06/11
Sold
$209,000
03/04/11
Sold
$150,000
05/24/06
Sold
$430,000
12/12/05
Sold
$290,000
Condition Rating
Poor
Built in 1922, this property is over a century old and shows significant signs of age and deferred maintenance. The kitchen features dated cabinets, older appliances, and a style that suggests it hasn't been updated in several decades. The listing explicitly states an 'illegal garage conversion,' which is a major defect requiring substantial repairs and rehabilitation to either legalize or remove. The property analysis also notes the 'Age and Implied Condition' and the need for 'extensive updates to major systems,' aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Desirable Los Angeles Location: Situated in Los Angeles, 90047, the property benefits from a prime urban location with access to amenities and potential for market appreciation.
Generous Lot Size: The 4680 sqft lot provides ample outdoor space, offering potential for landscaping, expansion, or future legal ADU development.
Classic Architectural Era: Built in 1922, the property likely features charming period details and solid construction, appealing to buyers who appreciate historical homes.
Proximity to Key Amenities: The location offers good accessibility to major highways, LAX, USC, museums, and entertainment venues like SoFi Stadium and Intuit Dome, as highlighted by comparable properties.
Investment Potential: Despite current challenges, the combination of location and lot size provides a strong foundation for value appreciation through strategic renovations and addressing existing structural issues.
Cons
Illegal Garage Conversion: The property includes a garage conversion that is explicitly stated as 'NOT A LEGAL ADU,' which presents significant legal and financial risks, requiring costly remediation or legalization.
Substantial Overpricing: The list price of $639,000 is considerably higher than the estimated value of $430,195.38, indicating the property is likely significantly overpriced in its current condition.
Age and Implied Condition: As a property built in 1922, it is over a century old, suggesting a high probability of needing extensive updates to major systems (electrical, plumbing, HVAC) and general modernization to meet current standards.