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4850 O'sullivan Drive, Los Angeles, California 90032, Los Angeles, 90032 - 4 bed, 3 bath

4850 O'sullivan Drive, Los Angeles, California 90032 home-pic-0
ACTIVE$1,200,000
4850 O'sullivan Drive, Los Angeles, California 90032
4Beds
3Baths
1,193Sqft
5,156Lot
Year Built
1929
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$1,006
HOA
-
Days on market
-
Sold On
-
MLS number
DW25023927
Home ConditionFair
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

Possibly Over-Priced:The estimated price is 33% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.20M(89th), sqft - 1193(44th), beds - 4(83th), baths - 3(78th).

***For Sale Remodeled house in EL SERENO" Single Family House 4 Bedrooms, 2 1/4 Bathrooms 1,193 sqft in Title but walk 1,320 sqft, new front addition, new windows, new roof, new stucco, new plumbing, new large dining and living room, but in appliances in the kitchen, granite countertop, Marmol floor, and hardwood Bamboo floors, central AC & H/V, solar panels PAID, also it has BONUS ROOMS in the basement-conversion 2 bed/1.5 ba for additional rental income with 2 separate entry doors, the backyard has a covered patio with concrete slab and block fence all around it with great view to the city lights, 1 car attached garage and 3 open parking in the driveway, laundry hook up ..close to the 10 and 10 freeways the property is sold in its current condition, the Seller won't do or pay for any repairs ALL INFORMATION DEEMS RELIABLE BUT NOT GUARANTEE, implied or explicit, buyers and agents are encouraged to do their own findings about size of the property, permits, solar panels, etc

Condition Rating
Fair
The property benefits from extensive recent renovations, including a new roof, windows, stucco, plumbing, central AC/heating, and paid solar panels. The kitchen features granite countertops and built-in appliances, and the main living areas have hardwood bamboo floors, suggesting modern updates. However, the 'as-is' sale condition, unverified square footage, and potential unpermitted basement additions (including an interior space appearing to be a chicken coop) indicate significant issues. While many components are new, these substantial challenges mean the property is not truly 'move-in ready' and will require more than minor updates or repairs for a typical buyer to address the legal status and remediation of the non-standard use areas.
Pros & Cons

Pros

Extensive Recent Remodel: The property has undergone significant recent upgrades including a new front addition, new windows, new roof, new stucco, new plumbing, and new large dining and living rooms, reducing immediate maintenance needs.
Income-Generating Potential: Bonus rooms in the basement, converted into a 2 bed/1.5 bath unit with two separate entry doors, offer significant potential for rental income or multi-generational living.
Paid Solar Panels: The inclusion of paid solar panels provides substantial long-term savings on electricity costs and contributes to energy efficiency.
Modern Interior Finishes & Amenities: The kitchen features modern appliances, granite countertops, Marmol and hardwood Bamboo floors, complemented by central AC & heating, enhancing comfort and aesthetic appeal.
City Lights View & Outdoor Space: The backyard boasts a covered patio with a concrete slab and block fence, offering a desirable city lights view and a functional outdoor living area.

Cons

As-Is Sale Condition: The property is being sold in its current condition, with the seller unwilling to perform or pay for any repairs, placing all responsibility for potential issues on the buyer.
Unverified Square Footage & Potential Unpermitted Additions: There is a discrepancy between the titled square footage (1,193 sqft) and the 'walk' square footage (1,320 sqft), and the bonus rooms in the basement conversion may lack proper permits, requiring buyer due diligence.
Significant Price Discrepancy: The listing price of $1,200,000 is considerably higher than the estimated property value of approximately $797,560, which may indicate overpricing or potential appraisal challenges.

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