1456 W 58th Place, Los Angeles, California 90047, Los Angeles, 90047 - 1 bed, 1 bath
ACTIVE$535,000
1456 W 58th Place, Los Angeles, California 90047
1Bed
1Bath
672Sqft
3,360Lot
Year Built
1949
Close
-
List price
$535K
Original List price
$535K
Price/Sqft
$796
HOA
-
Days on market
-
Sold On
-
MLS number
SB25139724
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 - $535.0K(8th), sqft - 672(2th), beds - 1(2th), baths - 1(32th).
Beautiful 1 bedroom 1 bathroom home in the heart of Los Angeles.....Centrally located.
Nearby schools
3/10
Budlong Avenue Elementary School
Public,•K-5•0.4mi
2/10
Western Avenue Elementary School
Public,•K-5•0.5mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•1.0mi
3/10
Raymond Avenue Elementary School
Public,•K-5•1.2mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.3mi
2/10
John Muir Middle School
Public,•6-8•0.6mi
1/10
Horace Mann Junior High School
Public,•6-8•1.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.0mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•0.8mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.7mi
9/10
Middle College High School
Public,•9-12•5.2mi
Condition Rating
Poor
Built in 1949, this property shows significant signs of age with no apparent recent renovations. The kitchen features very dated wood cabinets, laminate countertops, and older white appliances. The bathroom also has outdated tile and an old vanity. The carpet in the living areas and bedroom appears worn. While the property seems livable, it requires substantial rehabilitation, particularly for the kitchen, bathroom, and flooring, to meet current quality standards and buyer expectations. Major systems (plumbing, electrical, HVAC) are likely original or very old, suggesting they will require significant repair or replacement soon.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Prime Central Location: The property is explicitly described as being 'in the heart of Los Angeles' and 'Centrally located,' offering excellent access to amenities, employment centers, and transportation hubs.
Single-Family Home Ownership: As a detached single-family residence, it provides privacy, a private yard, and land ownership, which is a highly desirable asset in the competitive Los Angeles real estate market.
Desirable Lot Size: With a 3,360 sqft lot, there is potential for outdoor living space, gardening, or future expansion, including possible Accessory Dwelling Unit (ADU) development, subject to local zoning regulations.
Entry-Level Opportunity in LA: Despite its modest size, the property could represent a more accessible entry point into the Los Angeles housing market for first-time buyers or individuals seeking a smaller, manageable home.
Established Neighborhood: Built in 1949, the home is situated in an older, established neighborhood, which often implies mature infrastructure, stable community, and a sense of permanence.
Cons
Limited Living Space: The property's small footprint of 672 sqft with only 1 bedroom and 1 bathroom significantly restricts its appeal to a broad range of buyers, particularly families or those requiring more functional space.
Significant Overpricing Relative to Market Value and Comps: The list price of $535,000 is substantially higher than its estimated value of $360,157 and appears uncompetitive when compared to nearby 2-3 bedroom homes that have recently sold for similar or slightly higher prices, often with more square footage and extensive updates.
Lack of Modern Updates (Implied): The brief property description does not mention any recent renovations or modern features, suggesting the property may require significant investment for upgrades to meet current buyer expectations, especially when compared to extensively updated comparative properties.