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451 E 111th Place, Los Angeles, California 90061, Los Angeles, 90061 - 4 bed, 3 bath

451 E 111th Place, Los Angeles, California 90061 home-pic-0
ACTIVE$595,000
451 E 111th Place, Los Angeles, California 90061
4Beds
3Baths
1,800Sqft
3,041Lot
Year Built
1932
Close
-
List price
$595K
Original List price
$695K
Price/Sqft
$331
HOA
-
Days on market
-
Sold On
-
MLS number
SB25055830
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,5 Pros. Rank: price - $595.0K(35th), sqft - 1800(91th), beds - 4(78th), baths - 3(78th).

Opportunity Knocks! This spacious 4-bedroom, 3-bath home is full of potential and ready for your personal touch. Featuring a desirable layout with the primary bedroom and bathroom downstairs, and three additional bedrooms with a full bath upstairs, this home offers a great foundation to create your dream space.With good bones and a generous floor plan, all it needs is a little TLC to truly shine. Enjoy the large front yard, perfect for gardening or entertaining, and take advantage of the detached 1-car garage that includes a laundry room. Don't miss this chance to invest in a property with endless possibilities!This house comes with central air & heat.

Condition Rating
Poor
Built in 1932, this property explicitly states it 'needs a little TLC to truly shine' and requires 'extensive renovation.' The images confirm this, showcasing a very outdated kitchen with old dark wood cabinets, likely original or very old appliances, fluorescent lighting, and dated flooring. Bathrooms also feature older tiles, vanities, and fixtures. While it benefits from central air and heat, the overall condition, including worn carpets, dated light fixtures, and general aesthetic, indicates substantial repairs and rehabilitation are needed to meet modern standards, aligning with a property renovated 30-50+ years ago.
Pros & Cons

Pros

Generous Floor Plan: A spacious 4-bedroom, 3-bathroom layout spanning 1800 sqft, including a desirable downstairs primary suite, offers ample living space.
Climate Control System: Equipped with central air and heat, providing essential year-round comfort for residents.
Strong Investment Potential: Described as having 'good bones' and 'endless possibilities,' offering a solid foundation for value appreciation through renovation and personalization.
Significant Price Adjustment: A notable $100,000 reduction from the original list price, enhancing its market attractiveness and potential for a good deal.
Functional Outdoor & Utility Space: Features a large front yard for recreation and a detached 1-car garage with an integrated laundry room, adding practical value.

Cons

Extensive Renovation Required: The property explicitly needs 'a little TLC to truly shine,' indicating a need for significant personal investment and renovation to reach its full potential.
Discrepancy in Valuation: The current list price of $595,000 is considerably higher than the estimated property value of $422,532.83, potentially impacting buyer perception and financing.
Historic Property Age: Built in 1932, the home's age suggests potential for outdated systems, infrastructure, and higher ongoing maintenance requirements compared to newer constructions.

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