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1836 W 46th Street, Los Angeles, California 90062, Los Angeles, 90062 - 3 bed, 1 bath

1836 W 46th Street, Los Angeles, California 90062 home-pic-0
ACTIVE$1,200,000
1836 W 46th Street, Los Angeles, California 90062
3Beds
1Bath
1,462Sqft
6,311Lot
Year Built
1911
Close
-
List price
$1.2M
Original List price
$1.45M
Price/Sqft
$821
HOA
-
Days on market
-
Sold On
-
MLS number
25531577
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 42% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.20M(89th), sqft - 1462(57th), beds - 3(50th), baths - 1(35th).

Charming Craftsman-style home with exceptional income-generating potential and versatility. Situated on a generously sized lot with ample parking and a gated front yard, this light-filled home features a 3-bedroom, 1-bath main residence, an attached studio with 1 bedroom and 1 bathroom, and an attic space with its private entrance. Zoned R2, there's an opportunity for an additional ADU. The home is recently renovated throughout and conveniently located near USC, Exposition Park, Downtown Los Angeles, shops, restaurants, and public transit... Don't miss this outstanding investment opportunity!

Price History

Date
Event
Price
07/29/09
Sold
$259,000
03/12/09
Sold
$165,000
08/15/05
Sold
$450,000
12/02/98
Sold
$135,000
Condition Rating
Excellent
Despite being built in 1911, the property has been 'recently renovated throughout' as stated in the description. The images confirm this with a fully modernized kitchen featuring new white and dark grey shaker cabinets, high-end quartz countertops with a waterfall island, modern stainless steel appliances, and stylish light fixtures. The flooring throughout the visible living areas and bedrooms is new, modern laminate/hardwood. The exterior also shows recent updates with decorative tile steps. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently renovated property.
Pros & Cons

Pros

Exceptional Income Potential: The property offers significant income-generating opportunities with an attached studio, a private-entrance attic space, and R2 zoning allowing for an additional ADU.
Recent Comprehensive Renovation: The home has been recently renovated throughout, providing a modern, move-in ready condition that minimizes immediate repair or upgrade costs for a new owner.
Strategic Urban Location: Conveniently situated near major attractions like USC, Exposition Park, Downtown Los Angeles, and various shops, restaurants, and public transit, enhancing its appeal for both residents and potential tenants.
Generous Lot with Ample Parking: Features a generously sized lot and ample off-street parking, including a gated front yard, which is a valuable asset in a dense urban environment like Los Angeles.
Versatile Layout & Craftsman Charm: The property combines the charming aesthetics of a Craftsman-style home with a versatile layout, including separate living spaces, appealing to a broad range of buyers or investors.

Cons

Substantial Price Reduction: The property has undergone a significant price reduction from its original list price ($1.45M to $1.2M), which may suggest market resistance or an initial overestimation of value.
Significant Valuation Discrepancy: The current listing price is considerably higher than the automated property estimation value ($695,629.28), potentially indicating overpricing or challenges with appraisal.
Limited Bathrooms in Main Residence: The main 3-bedroom residence features only one bathroom, which could be a functional limitation for families or multiple occupants and may not align with modern buyer expectations.

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