163 S Kingsley Drive, Los Angeles, California 90004, Los Angeles, 90004 - bed, bath

ACTIVE$1,995,000
163 S Kingsley Drive, Los Angeles, California 90004
0Bed
0Bath
3,503Sqft
7,489Lot
Year Built
1909
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$570
HOA
-
Days on market
-
Sold On
-
MLS number
GD25139147
Home ConditionFair
Features
Deck
Spa
View-
About this home
Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.00M(44th), sqft - 3503(76th), beds - undefined(5th), baths - undefined(5th).
Price History
Date
Event
Price
04/17/15
Sold
$1,235,000
Condition Rating
Fair
This 1909-built property presents a mixed condition. While some areas, such as a modern living space and one bathroom (Image 7, 8), appear to have undergone recent, high-quality renovations with contemporary finishes and recessed lighting, the kitchen (Image 4) and another bathroom (Image 6) are significantly dated. The kitchen features older-style cabinets, granite countertops, and a vintage range, along with dated flooring. The older bathroom has a specific, somewhat rustic aesthetic that is not universally modern. The original living areas retain period charm with dark wood and traditional fixtures but are not 'new.' Given the property's age, and the explicit weakness noted in the property analysis regarding 'Potential for Significant Renovation Costs' due to a lack of explicit major system upgrades (plumbing, electrical, HVAC, roof), it suggests that while some parts are updated, other critical areas and systems likely require substantial investment to meet current standards and expected lifespans. It is maintained but requires minor to moderate updates and potential system overhauls.
Pros & Cons
Pros
Desirable Mid-Wilshire Location: Situated in a prime Los Angeles neighborhood, offering excellent access to amenities, culture, and lifestyle, enhancing its long-term appeal.
Historic Craftsman Architecture: Built in 1909, the property likely possesses classic architectural details and character highly sought after in the market, appealing to buyers looking for period charm.
Substantial Square Footage: With 3503 sqft, it offers ample living space, exceeding that of comparable properties in the immediate vicinity, providing more room for residents.
Generous Lot Size: The 7489 sqft lot provides significant outdoor space, offering potential for landscaping, entertaining, or future expansion such as an Accessory Dwelling Unit (ADU).
Value-Add Opportunity: The property's age and the discrepancy between list price and estimated value suggest it presents a significant opportunity for a buyer to renovate and customize, thereby increasing its market value.
Cons
Potential for Significant Renovation Costs: The property's age (1909) and lack of explicit mention of recent major system upgrades (e.g., plumbing, electrical, HVAC, roof) imply potential for substantial renovation and deferred maintenance expenses for a new owner.
Aggressive Pricing Relative to Market Data: The current list price of $1,995,000 is considerably higher than the property's estimated value ($1,186,524) and its last sale price ($1,235,000 in 2015), which may deter potential buyers or necessitate a price adjustment.
Absence of Noteworthy Views: Unlike some comparable properties in the area that boast city or landmark views, the property description does not highlight any specific desirable views, which could be a disadvantage in a competitive market.

























