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3160 Warwick Avenue 5, Los Angeles, California 90032, Los Angeles, 90032 - 2 bed, 1 bath

3160 Warwick Avenue 5, Los Angeles, California 90032 home-pic-0
ACTIVE$429,000
3160 Warwick Avenue 5, Los Angeles, California 90032
2Beds
1Bath
664Sqft
664Lot
Year Built
1964
Close
-
List price
$429K
Original List price
$429K
Price/Sqft
$646
HOA
$272.94
Days on market
-
Sold On
-
MLS number
PW24253428
Home ConditionExcellent
Features
Good View: Hills, Neighborhood
ViewHills, Neighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $429.0K(17th), sqft - 664(17th), beds - 2(50th), baths - 1(17th).

Welcome to this charming 2-bedroom, 1-bathroom unit located at 3160 Warwick Ave, Unit 5, in the heart of Los Angeles. Nestled in the vibrant El Sereno neighborhood, this unit offers a perfect blend of comfort and convenience. The spacious living area is filled with natural light, creating a warm and inviting atmosphere. The kitchen is well-equipped with modern and brand new appliances, making meal preparation a breeze. Both bedrooms are generously sized, providing ample space for relaxation and storage. In unit washer and dryer included! This property is ideally situated close to shopping, dining, and entertainment options, with easy access to major freeways, public transportation, and plenty of parking. Don't miss the opportunity to make this lovely unit your new home! Comparable units are renting for $3,000 in this desired area! Option to lease to own with 5% down payment

Price History

Date
Event
Price
03/10/21
Sold
$1,380,000
03/16/11
Sold
$124,000
Condition Rating
Excellent
Despite the building's 1964 construction, the unit has undergone a very recent and extensive renovation. The kitchen boasts brand new stainless steel appliances, modern white shaker cabinets, quartz countertops, and recessed lighting. The bathroom is also fully updated with a contemporary vanity, new fixtures, and stylish tiling. New laminate flooring, fresh paint, and modern mini-split AC units throughout the unit indicate a high-quality, move-in ready interior that meets current standards, aligning with the 'extensively renovated within 5 years' criteria for an excellent score.
Pros & Cons

Pros

Prime Location & Accessibility: Nestled in the vibrant El Sereno neighborhood, the unit offers excellent access to shopping, dining, entertainment, major freeways, and public transportation, enhancing convenience for residents.
Modern Interior & Appliances: The kitchen is well-equipped with modern and brand new appliances, complemented by an included in-unit washer and dryer, providing immediate move-in readiness and modern comfort.
Strong Rental Income Potential: With comparable units renting for $3,000 in the desired area, this property presents a compelling investment opportunity for potential landlords.
Abundant Natural Light: The spacious living area is filled with natural light, creating a warm and inviting atmosphere that enhances the living experience.
Flexible Purchase Option: The option to lease to own with a 5% down payment significantly broadens the potential buyer pool, making homeownership more accessible.

Cons

Building Age: Constructed in 1964, the building's age may imply potential for future common area maintenance or infrastructure updates, despite the unit's modern interior.
Compact Unit Size: At 664 square feet, the 2-bedroom unit is relatively compact, which might be a limiting factor for buyers seeking more expansive living spaces.
Single Bathroom: The presence of only one bathroom for a two-bedroom unit could pose practical challenges or be less desirable for multiple occupants or families.

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