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331 W 92nd Street, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 3 bath

331 W 92nd Street, Los Angeles, California 90003 home-pic-0
ACTIVE$688,000
331 W 92nd Street, Los Angeles, California 90003
3Beds
3Baths
1,146Sqft
4,364Lot
Year Built
1924
Close
-
List price
$688K
Original List price
$675K
Price/Sqft
$600
HOA
-
Days on market
-
Sold On
-
MLS number
TR24238125
Home ConditionGood
Features
View-

About this home

Possibly Over-Priced:The estimated price is 45% below the list price. We found 3 Cons,5 Pros. Rank: price - $688.0K(80th), sqft - 1146(53th), beds - 3(50th), baths - 3(94th).

Welcome to 331 W. 92nd St. This beautifully remodeled single-family home is an excellent opportunity for first-time buyers or savvy investors. Fully updated in 2018-2019, the property combines modern comfort with timeless charm. Featuring 3 spacious bedrooms and 2.75 bathrooms, this home offers a functional layout ideal for any lifestyle. The long driveway and detached garage provide ample parking and even ADU potential for additional income or extra living space. Located in a vibrant and rapidly growing neighborhood, you’ll enjoy easy access to top-rated schools, local parks, shopping destinations, and major freeways. Plus, you’re just minutes away from Downtown LA, Inglewood, LAX, and iconic attractions like SoFi Stadium! Don’t miss this incredible chance to own a piece of Los Angeles real estate with unlimited potential. Contact us today to schedule your private showing or to get more information!

Price History

Date
Event
Price
11/04/04
Sold
$260,000
11/21/03
Sold
$135,000
Condition Rating
Good
The property was built in 1924 but was 'fully updated in 2018-2019,' which falls within the 5-15 year renovation window for a 'Good' rating. The images show a clean, move-in ready home with functional, well-maintained components. The kitchen features traditional wood cabinets, tiled countertops, and standard white appliances, which, while updated, do not reflect the 'new or virtually new, meeting current quality standards' expected for an 'Excellent' rating. Flooring is a mix of tile and what appears to be laminate/engineered wood. The light fixtures are basic but functional. Overall, it's a solid, recently updated home that is move-in ready without immediate renovation needs, aligning with a 'Good' condition.
Pros & Cons

Pros

Recent Remodel: The home was 'fully updated in 2018-2019' and is described as 'beautifully remodeled,' offering modern comfort and reducing immediate renovation needs for a buyer.
ADU Potential: The detached garage and long driveway offer significant Accessory Dwelling Unit (ADU) potential, providing an opportunity for additional income or expanded living space.
Strategic Location: Located in a 'vibrant and rapidly growing neighborhood' with 'easy access to top-rated schools, local parks, shopping destinations, and major freeways,' and minutes from Downtown LA, Inglewood, LAX, and SoFi Stadium.
Functional Layout & Room Count: With 3 spacious bedrooms and 2.75 bathrooms, the property offers a functional layout suitable for various lifestyles, including families or potential renters.
Ample Parking: The property features a long driveway and a detached garage, providing ample off-street parking, which is a valuable asset in Los Angeles.

Cons

High List Price Relative to Market Value: The current list price of $688,000 is significantly higher than the property's estimated value ($373,638) and appears to be at the upper end, or potentially exceeding, recent comparable sales in the immediate vicinity, suggesting it may be overpriced.
Older Home Infrastructure: Built in 1924, despite recent remodels, the property may still have underlying older infrastructure (e.g., plumbing, electrical, foundation) that could lead to unforeseen maintenance or upgrade costs not explicitly addressed by cosmetic updates.
Absence of Central Air Conditioning: The property description does not mention a cooling system. Given the age of the home and the Los Angeles climate, the likely absence of central air conditioning could be a significant drawback for potential buyers.

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