3903 Melrose Ave, Los Angeles, California 90029, Los Angeles, 90029 - 1 bed, 1 bath
ACTIVE$575,000
3903 Melrose Ave, Los Angeles, California 90029
1Bed
1Bath
570Sqft
Lot
Year Built
1941
Close
-
List price
$575K
Original List price
$589K
Price/Sqft
$1,009
HOA
$187.5
Days on market
-
Sold On
-
MLS number
24467875
Home ConditionGood
Features
Good View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros. Rank: price - $575.0K(50th), sqft - 570(33th), beds - 1(50th), baths - 1(50th).
Welcome to this cozy and elegant 1940's home with vintage features. Charming end unit with only one shared wall in this 4 unit community. This home is the perfect starter home with a great floor plan. Updated kitchen with a breakfast nook, abundance of natural night with a view of DTLA. In-unit laundry, 1 car garage with an automatic garage door, central ac, and much more. Easy access to all the local shops in Virgil Village, steps from jewel and roam. Central to Silver Lake, Los Feliz and East Hollywood. This is a TIC "tenants in common sale".
Condition Rating
Good
Despite being built in 1941, this property has undergone significant and recent updates, particularly in the kitchen and bathroom, which feature modern finishes, cabinetry, and stainless steel appliances. The presence of central AC, in-unit laundry, and updated flooring (hardwood and modern tile) throughout indicates a move-in ready condition with major systems being functional and well-maintained. While the property retains some 'vintage features' and is not a brand-new construction, the extensive renovations appear to be within the last 5-15 years, bringing it up to contemporary standards and making it highly desirable.
Pros & Cons
Pros
Prime Location: The property boasts a highly desirable and central location, offering easy access to local shops in Virgil Village and being central to Silver Lake, Los Feliz, and East Hollywood.
Updated Interior & Amenities: Features an updated kitchen with a breakfast nook, in-unit laundry, central AC, and a private 1-car garage with an automatic door, providing modern conveniences.
Charming End Unit: As an end unit in a small 4-unit community with only one shared wall, it offers enhanced privacy and a cozy, intimate living environment.
City Views & Natural Light: Benefits from an abundance of natural light and a desirable view of Downtown LA, enhancing the living experience and aesthetic appeal.
Vintage Appeal: Retains its 1940s charm and vintage features, appealing to buyers seeking character and elegance in their home.
Cons
Tenants in Common (TIC) Ownership: The 'Tenants in Common' ownership structure can present significant financing challenges, often requiring specialized lenders and larger down payments, which may limit the buyer pool.
Compact Living Space: At only 570 square feet, the property offers very limited living space, which may not suit all buyers and could impact long-term appeal or family growth.
Age of Building: Built in 1941, despite updates, the property may still have underlying older infrastructure or require more frequent maintenance compared to newer constructions.