3117 Amethyst Street, Los Angeles, California 90032, Los Angeles, 90032 - 2 bed, 1 bath
ACTIVE$549,000
3117 Amethyst Street, Los Angeles, California 90032
2Beds
1Bath
1,000Sqft
6,256Lot
Year Built
1923
Close
-
List price
$549K
Original List price
$699K
Price/Sqft
$549
HOA
-
Days on market
-
Sold On
-
MLS number
WS25137337
Home ConditionPoor
Features
Excellent View: City Lights, Landmark, Mountain(s)
ViewCity Lights,Landmark,Mountain(s)
About this home
Possibly Over-Priced:The estimated price is 3% below the list price. We found 3 Cons,5 Pros. Rank: price - $549.0K(5th), sqft - 1000(27th), beds - 2(38th), baths - 1(38th).
HUGE PRICE REDUCTION. SELLER IS HIGHLY MOTIVATED!! 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.
Price History
Date
Event
Price
08/12/25
Price Change
$549,000
06/18/25
Listing
$699,000
Condition Rating
Poor
Built in 1923, this property is over 100 years old. The listing description explicitly states it's a 'diamond in the rough' and 'Ideal for investors, flippers or savvy buyers ready to build equity through renovations,' indicating substantial work is needed. The 'Sold As Is' and 'Cash offer only' terms further confirm its distressed condition. While it mentions 'solid bones,' implying it's not a tear-down, the overall language points to a property requiring significant repairs and rehabilitation to be livable and meet modern standards. The aerial images show an overgrown yard and a potentially neglected exterior, reinforcing the need for extensive renovation. Without interior photos, it's assumed the kitchen, bathroom, and other interior components are original, heavily outdated, or in disrepair, consistent with a 'poor' condition.
Pros & Cons
Pros
Breathtaking Views: The property boasts stunning panoramic views of Downtown Los Angeles, city lights, landmarks, and mountains, significantly enhancing its appeal and value.
Significant Price Reduction & Motivated Seller: A substantial price reduction from $699,000 to $549,000, coupled with a highly motivated seller, presents a strong opportunity for a favorable acquisition.
High Renovation & Equity Potential: Described as a 'diamond in the rough' with 'solid bones' and 'endless potential,' it's ideal for investors, flippers, or savvy buyers looking to build significant equity through renovation.
Desirable Los Angeles Location: Located in the hillside of El Sereno, Los Angeles, a major metropolitan area, offering access to urban amenities and a strong real estate market.
Generous Lot Size: The 6,256 sqft lot provides ample outdoor space and potential for future expansion or landscaping, a valuable asset in a dense urban environment.
Cons
Cash Offer Only Requirement: The 'cash offer only' stipulation severely restricts the potential buyer pool, excluding those reliant on traditional financing.
As-Is Condition & Extensive Renovation Needs: Sold 'As Is' and built in 1923, the property clearly requires significant investment in renovations and repairs, which could be a deterrent for many buyers.
Limited Living Space: With only 2 bedrooms, 1 bathroom, and 1,000 sqft, the interior living space is relatively small for a single-family home, potentially limiting its appeal to larger families or those desiring more room.