2924 S Orange Drive, Baldwin Hills, California 90016, Baldwin Hills, 90016 - 4 bed, 2 bath
ACTIVE$1,649,999
2924 S Orange Drive, Baldwin Hills, California 90016
4Beds
2Baths
1,514Sqft
7,200Lot
Year Built
1970
Close
-
List price
$1.65M
Original List price
$1.65M
Price/Sqft
$1,090
HOA
-
Days on market
-
Sold On
-
MLS number
PW25089810
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 29% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.65M(97th), sqft - 1514(58th), beds - 4(72th), baths - 2(50th).
Contiguous property behind this property is also on the market. Please contact agent for details. ED1 Eligible Site- This property has been confirmed for ED 1 expedited processing.
Condition Rating
Poor
Built in 1970, this property is 54 years old with no mention of any updates or renovations in the description. The provided images are all aerial exterior shots, showing an older roof and an unkempt yard, offering no insight into the interior condition. The property analysis explicitly notes a 'Likely Dated Condition' and states it 'requires significant renovation to meet modern aesthetic and functional standards.' Without any evidence of recent improvements, it's highly probable that the kitchen, bathrooms, and major systems are original or severely outdated, requiring substantial repairs and rehabilitation to be move-in ready and meet current standards.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7200, living area = 1514.
Prime Location: Situated in Baldwin Hills, a desirable and established Los Angeles neighborhood known for its community and potential for appreciation.
Development Potential (ED1 Eligible): The property is confirmed as an ED1 Eligible Site, offering expedited processing for development, which is a significant advantage for investors or those looking to expand.
Generous Lot Size: A 7200 sqft lot provides ample space for potential expansion, extensive landscaping, or the addition of an Accessory Dwelling Unit (ADU).
Flexible Bedroom Count: With 4 bedrooms, the property offers versatile living arrangements suitable for families or those needing extra space for home offices or guests.
Contiguous Property Acquisition Opportunity: The availability of an adjacent property for sale presents a unique chance for a buyer to combine parcels for a larger estate or a more substantial development project.
Cons
Substantial Overpricing: The listing price is 29% above the estimated market value, which may deter potential buyers and lead to extended market time or necessitate a price reduction.
Likely Dated Condition: Built in 1970, and with no mention of updates in the description, the property likely requires significant renovation to meet modern aesthetic and functional standards, impacting immediate move-in readiness.
Sparse Marketing Information: The property description lacks details on interior features, recent upgrades, or specific amenities, making it challenging to attract buyers without further information or a physical showing.