414 W Olive Avenue, La Habra, California 90631, La Habra, 90631 - 2 bed, 1 bath
ACTIVE$525,000
414 W Olive Avenue, La Habra, California 90631
2Beds
1Bath
920Sqft
7,310Lot
Price Vs. Estimate
The estimated value ($497,967.155) is $27,032.845 (5%) lower than the list price ($525,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7310, living area = 920.
Top Cons:
Small & Potentially Outdated Home: The existing 1947-built home is a modest 2 bedrooms, 1 bathroom, and 920 sqft, likely requiring extensive renovations or being considered a tear-down for new construction.
Compared to the nearby listings
Price:$525.0K vs avg $960.0K ($-435,000)1%
Size:920 sqft vs avg 1,684 sqft3%
Price/sqft:$571 vs avg $58246%
More Insights
Built in 1947 (78 years old).
Condition: Built in 1947, this property is over 75 years old and shows no evidence of major renovations in the past 50 years. The kitchen features original, worn wood cabinets, outdated white appliances, and old linoleum flooring. The visible interior spaces, including bedrooms and living areas, have dated flooring (old tile and worn carpet), old light fixtures, and general wear and tear consistent with a property of this age that has not been updated. The property analysis explicitly states it's 'likely requiring extensive renovations or being considered a tear-down for new construction,' and the listing emphasizes the lot's R4 zoning and development potential, indicating the value lies primarily in the land rather than the existing structure.
Year Built
1947
Close
-
List price
$525K
Original List price
$785K
Price/Sqft
$571
HOA
-
Days on market
-
Sold On
-
MLS number
PW25132603
Home ConditionTear down
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods
About this home
Tons of Potential on this Lot. Zoned R4. Once up the driveway you will find a very private lot with room to expand. The home is a 2 Bedroom 1 Bath. Sits high on the lot with a very open feeling and view of trees. Close to all schools and shopping. Buyers to check with the City of La Habra to see what you can build on this property.
Condition Rating
Tear down
Built in 1947, this property is over 75 years old and shows no evidence of major renovations in the past 50 years. The kitchen features original, worn wood cabinets, outdated white appliances, and old linoleum flooring. The visible interior spaces, including bedrooms and living areas, have dated flooring (old tile and worn carpet), old light fixtures, and general wear and tear consistent with a property of this age that has not been updated. The property analysis explicitly states it's 'likely requiring extensive renovations or being considered a tear-down for new construction,' and the listing emphasizes the lot's R4 zoning and development potential, indicating the value lies primarily in the land rather than the existing structure.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7310, living area = 920.
Significant Development Potential: The property is zoned R4 with 'Tons of Potential on this Lot' and 'room to expand,' offering substantial opportunities for multi-unit development or a larger custom home.
Private & Elevated Lot: Boasts a 'very private lot' that 'Sits high on the lot,' providing a desirable sense of seclusion and an open feeling.
Convenient Location: Strategically located 'Close to all schools and shopping,' enhancing daily convenience and desirability for future residents.
Aesthetic Tree Views: Features a pleasant 'view of trees,' contributing to a serene environment and an open, natural aesthetic.
Substantial Price Reduction: The listing has seen a significant price drop from an original $785,000 to $525,000, indicating a motivated seller and potential for a competitive purchase.
Cons
Small & Potentially Outdated Home: The existing 1947-built home is a modest 2 bedrooms, 1 bathroom, and 920 sqft, likely requiring extensive renovations or being considered a tear-down for new construction.
Uncertainty in Development Realization: While R4 zoned, the description explicitly states 'Buyers to check with the City of La Habra to see what you can build,' implying potential complexities or unconfirmed aspects of the development process.
Limited Current Living Space: The compact 2-bedroom, 1-bathroom layout offers restricted living space, which may not suit buyers seeking a larger family home without significant expansion or rebuilding.