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4914 3rd Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 2 bed, 1 bath

4914 3rd Avenue, Los Angeles, California 90043 home-pic-0
ACTIVE$650,000
4914 3rd Avenue, Los Angeles, California 90043
2Beds
1Bath
1,264Sqft
6,316Lot
Year Built
1914
Close
-
List price
$650K
Original List price
$750K
Price/Sqft
$514
HOA
-
Days on market
-
Sold On
-
MLS number
OC25084568
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 32% below the list price. We found 3 Cons,6 Pros. Rank: price - $650.0K(15th), sqft - 1264(29th), beds - 2(26th), baths - 1(23th).

PRICE IMPROVEMENT! Over $100,000! Prime Fixer-Upper in Park Hills Heights, Los Angeles. Welcome to 4914 3rd Ave, a diamond in the rough nestled in the beautiful and central Park Hills Heights neighborhood of Los Angeles. This Single Story 2-bedroom, Office, Bonus Room, 1 bath home, spanning approximately 1,300 square feet, is brimming with potential and waiting for someone with vision to bring it back to life. This fixer-upper offers spacious bedrooms that provide ample space for relaxation and personalization, and 1 bathroom that deliver functionality and comfort for the entire household. Although the home requires some tender loving care, it presents an incredible opportunity for renovation and customization. Located in a prime area, this property offers unmatched convenience and accessibility to all local amenities and attractions. There is plenty of room to add an ADU. Imagine transforming this centrally located gem into your dream home, perfectly suited to your style and needs. With homes in the area selling for $1,000,000, this property is priced to sell quickly. Don’t miss out on this amazing opportunity to invest in a home with incredible potential! Home to be sold as is.

Nearby schools

3/10
Angeles Mesa Elementary School
Public,•K-5•0.3mi
2/10
Forty-Second Street Elementary School
Public,•K-5•0.6mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.8mi
2/10
Yes Academy
Public,•K-5•1.3mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.4mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.8mi
3/10
Windsor Hills Math Science
Public,•K-5•2.0mi
4/10
Centinela Elementary School
Public,•K-6•2.1mi
1/10
Lane (Warren) Elementary School
Public,•K-6•2.2mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•0.6mi
2/10
Audubon Middle School
Public,•6-8•0.9mi
1/10
Horace Mann Junior High School
Public,•6-8•1.6mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•3.3mi
2/10
Crozier (George W.) Middle School
Public,•7-8•3.6mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•4.1mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.5mi
2/10
Inglewood High School
Public,•9-12•3.3mi
2/10
George Washington Preparatory High School
Public,•9-12•4.3mi
9/10
Middle College High School
Public,•9-12•6.4mi
Condition Rating
Poor
This property, built in 1914, is explicitly described as a 'fixer-upper' and a 'diamond in the rough' requiring 'tender loving care' and 'renovation and customization.' The images confirm this assessment. The kitchen features very outdated wooden cabinets, laminate countertops, old appliances (including a visibly aged dishwasher and two older refrigerators), and fluorescent strip lighting, suggesting a renovation from 30-50+ years ago or original components. The bathroom is equally outdated with an old vanity, basic fixtures, and worn flooring. The overall condition indicates a need for substantial repairs and rehabilitation across all major systems and cosmetic elements, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Prime Location: Nestled in the central and desirable Park Hills Heights neighborhood, offering unmatched convenience and accessibility to local amenities and attractions.
Significant Renovation Potential: Marketed as a 'diamond in the rough' and 'fixer-upper,' the property presents an incredible opportunity for extensive renovation and customization to maximize its value.
ADU Development Potential: The generous 6,316 sqft lot provides ample space to add an Accessory Dwelling Unit (ADU), offering potential for increased living space or rental income.
Recent Price Improvement: A substantial price reduction of over $100,000 has been implemented, making the property a more attractive prospect for value-add buyers and investors.
Strong Investment Upside: With renovated homes in the area selling for up to $1,000,000, this property offers significant potential for equity gain upon successful renovation.

Cons

Extensive Renovation Required: The property is a 1914 'fixer-upper' sold 'as-is,' indicating a need for considerable investment in modernization, repairs, and potential remediation of age-related issues.
Limited Bathroom Facilities: The home features only one bathroom for a 2-bedroom plus office and bonus room layout, which is inadequate for modern living and will likely necessitate costly expansion.
Potential Overvaluation: Despite a recent price reduction, the current list price of $650,000 is significantly above the property's estimated value of $441,695.555, suggesting it may still be overpriced relative to its current condition.

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