3117 Amethyst Street, Los Angeles, California 90032, Los Angeles, 90032 - 1 bed, 1 bath
ACTIVE$699,000
3117 Amethyst Street, Los Angeles, California 90032
1Bed
1Bath
548Sqft
6,256Lot
Year Built
1923
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$1,276
HOA
-
Days on market
-
Sold On
-
MLS number
WS25112596
Home ConditionPoor
Features
Excellent View: City Lights, Landmark, Mountain(s)
Patio
ViewCity Lights,Landmark,Mountain(s)
About this home
Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,5 Pros. Rank: price - $699.0K(15th), sqft - 548(1th), beds - 1(4th), baths - 1(38th).
This is a 2 bed 1 bath single family home situated in the hillside of El Sereno with breathtaking views of Downtown Los Angeles. Bring your vision and tools to this diamond in the rough! Ideal for investors, flippers or savvy buyers ready to build equity through renovations. This property offers solid bones with endless potential. Sold As Is. Cash offer only.
Condition Rating
Poor
This property, built in 1923, is explicitly described as a 'diamond in the rough' requiring 'vision and tools' for 'renovations,' and is being sold 'As Is' for 'Cash offer only.' The images confirm a state of severe disrepair. The bathroom is extremely outdated, dirty, and appears to be in an unsanitary and potentially non-functional condition with exposed elements and damaged fixtures. The interior rooms feature stained carpets, dirty concrete floors, peeling paint, unfinished walls, exposed wiring, and old light fixtures. While the description mentions 'solid bones,' indicating the structure might be sound, the interior finishes and major systems are in a state that requires substantial repairs and rehabilitation to be safe and livable, aligning perfectly with the 'poor' condition criteria.
Pros & Cons
Pros
Panoramic Views: The property boasts breathtaking views of Downtown Los Angeles, city lights, and mountains from its hillside location in El Sereno.
Investment Potential: Described as a 'diamond in the rough' with 'endless potential,' it's ideal for investors, flippers, or savvy buyers looking to build equity through renovation.
Solid Foundation: The property offers 'solid bones,' suggesting a good structural base for extensive renovations and upgrades.
Desirable Location: Situated in the hillside of El Sereno, a desirable and up-and-coming Northeast LA neighborhood, offering urban convenience with hillside tranquility.
Generous Lot Size: With a 6,256 sqft lot for a 548 sqft home, there's significant potential for expansion, landscaping, or creating outdoor living spaces.
Cons
Cash Offer Only: The requirement for a cash offer significantly limits the pool of potential buyers, potentially prolonging market time or affecting the final sale price.
As-Is Condition & Renovation Needs: Sold 'As Is' and explicitly requiring vision and tools for renovation, indicating substantial additional investment and effort will be needed post-purchase.
Overpriced Relative to Value: The list price of $699,000 is considerably higher than the estimated property value of $481,367.18, suggesting it may be overvalued given its current condition and renovation requirements.