1947 Delta Street, Los Angeles, California 90026, Los Angeles, 90026 - 2 bed, 1 bath
ACTIVE$949,900
1947 Delta Street, Los Angeles, California 90026
2Beds
1Bath
661Sqft
6,465Lot
Year Built
1913
Close
-
List price
$950K
Original List price
$1.2M
Price/Sqft
$1,437
HOA
-
Days on market
-
Sold On
-
MLS number
SB24230594
Home ConditionTear down
Features
Excellent View: City Lights
Patio
ViewCity Lights
About this home
Possibly Over-Priced:The estimated price is 16% below the list price. We found 3 Cons,5 Pros. Rank: price - $949.9K(12th), sqft - 661(5th), beds - 2(38th), baths - 1(24th).
Absolutely breath taking views! LARGE LOT with tremendous potential R3 LOT. Family friendly Echo Park neighborhood. Two bedroom 1 bath home with plenty of room to extend and add on, use your imagination to make this your dream home!
Nearby schools
8/10
Clifford Street Elementary School
Public,•K-6•0.4mi
2/10
Mayberry Street Elementary School
Public,•K-6•0.4mi
3/10
Elysian Heights Elementary School
Public,•K-6•0.6mi
5/10
Micheltorena Street Elementary School
Public,•K-5•1.0mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•1.0mi
4/10
Betty Plasencia Elementary School
Public,•K-6•1.2mi
8/10
Allesandro Elementary School
Public,•K-6•1.3mi
7/10
Dorris Place Elementary School
Public,•K-6•1.3mi
/10
Lake Street Primary School
Public,•K-1•1.3mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.6mi
6/10
Castelar Street Elementary School
Public,•K-5•1.7mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•1.8mi
2/10
Logan Street Elementary School
Public,•K-8•0.4mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.5mi
3/10
Sal Castro Middle School
Public,•6-8•1.6mi
5/10
Virgil Middle School
Public,•6-8•2.0mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.3mi
6/10
Irving STEAM Magnet
Public,•6-8•2.5mi
3/10
Belmont Senior High School
Public,•9-12•1.6mi
8/10
John Marshall Senior High School
Public,•9-12•2.0mi
Condition Rating
Tear down
Built in 1913, this 661 sqft home is over 110 years old. The listing emphasizes the 'LARGE LOT with tremendous potential R3 LOT' and suggests using imagination to 'make this your dream home,' implying the existing structure is not. The property analysis explicitly states it 'may require extensive renovation, modernization, or even a complete rebuild.' The absence of interior photos, particularly for the kitchen and bathroom, strongly indicates these areas are in very poor, likely original, condition and not considered a selling point. The property's value is clearly tied to its land and redevelopment potential rather than the current dwelling.
Pros & Cons
Pros
Exceptional Views: The property boasts 'absolutely breathtaking views' including city lights, a highly desirable feature in the Los Angeles market.
Significant Development Potential: The 'LARGE LOT with tremendous potential R3 LOT' allows for multi-family development or substantial expansion of the existing structure, offering significant upside.
Desirable Echo Park Location: Situated in a 'family friendly Echo Park neighborhood,' providing access to a vibrant community and amenities.
Generous Lot Size: A generous lot size of 6,465 sqft provides ample space for expansion, landscaping, or potential redevelopment.
Opportunity for Customization: The description highlights 'plenty of room to extend and add on, use your imagination to make this your dream home,' appealing to buyers looking to create a custom residence.
Cons
Small Existing Home & Condition: The current 2-bedroom, 1-bath home is only 661 sqft and built in 1913, suggesting it may require extensive renovation, modernization, or even a complete rebuild.
Overpriced Relative to Market Estimation: The current list price of $949,900 is considerably higher than the property's estimated value of $794,375, indicating a potential overvaluation or a need for significant investment to justify the price.
Steep Price Reduction: A substantial reduction from the original list price of $1.2 million could suggest previous overpricing or challenges in attracting buyers, potentially raising questions about the property's true market value.