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5013 N Huntington Drive, Los Angeles, California 90032, Los Angeles, 90032 - 3 bed, 1 bath

5013 N Huntington Drive, Los Angeles, California 90032 home-pic-0
ACTIVE$1,300,000
5013 N Huntington Drive, Los Angeles, California 90032
3Beds
1Bath
1,172Sqft
7,502Lot

Price Vs. Estimate

The estimated value ($863,834.72) is $436,165.28 (33%) lower than the list price ($1,300,000). 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 = 7502, living area = 1172.
Top Cons:
Fixer or Tear-Down Condition: The existing structure is explicitly described as a 'complete fixer or tear-down,' requiring substantial investment for demolition or extensive renovation, and is not suitable for immediate occupancy.

Compared to the nearby listings

Price:$1.30M vs avg $862.5K (+$437,500)92%
Size:1,172 sqft vs avg 1,264.5 sqft44%
Price/sqft:$1.1K vs avg $70697%

More Insights

Built in 1915 (110 years old).
Condition: The MLS listing explicitly states, 'Complete fixer or tear-down!' and 'no showings of the structures,' indicating the property is unlivable and likely requires demolition. Built in 1915, the structure is over 50 years old, and the description focuses on the lot's development potential rather than the existing home's condition, aligning perfectly with the criteria for a tear-down.
Year Built
1915
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$1,109
HOA
-
Days on market
-
Sold On
-
MLS number
24464270
Home ConditionTear down
Features
View-

About this home

Complete fixer or tear-down! Don't miss this prime investment opportunity in the thriving El Sereno neighborhood. This spacious 7,500 SF lot, with rare C4-1XL zoning, opens the door to endless possibilities whether it's for commercial development or a vibrant mixed-use live/work project. Conveniently located just minutes from Downtown LA, South Pasadena, Highland Park, Dodger Stadium, and Cal State LA, the property also offers seamless access to the 5, 10, and 110 freeways. El Sereno is a neighborhood on the rise, featuring recent enhancements like a new post office, library, and community garden. The lot's level terrain, coupled with alley and main road access, simplifies construction. The property currently includes a single-family home with a detached garage. Drive by and envision the potential no showings of the structures.

Condition Rating
Tear down
The MLS listing explicitly states, 'Complete fixer or tear-down!' and 'no showings of the structures,' indicating the property is unlivable and likely requires demolition. Built in 1915, the structure is over 50 years old, and the description focuses on the lot's development potential rather than the existing home's condition, aligning perfectly with the criteria for a tear-down.
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 = 7502, living area = 1172.
Rare C4-1XL Zoning: The property boasts rare C4-1XL zoning, offering significant flexibility for commercial development or mixed-use live/work projects, maximizing its investment potential.
Strategic Location & Freeway Access: Strategically located minutes from Downtown LA, South Pasadena, Highland Park, Dodger Stadium, and Cal State LA, with seamless access to major freeways (5, 10, 110), enhancing its appeal for various uses.
Spacious & Accessible Lot: A generous 7,500 SF lot with level terrain and both alley and main road access, simplifying potential construction and development efforts.
Thriving Neighborhood Growth: Situated in the 'on the rise' El Sereno neighborhood, benefiting from recent community enhancements like a new post office, library, and community garden, indicating future appreciation.
Prime Development Opportunity: Explicitly marketed as a prime investment opportunity for development, catering to investors looking to capitalize on the flexible zoning and growing neighborhood.

Cons

Fixer or Tear-Down Condition: The existing structure is explicitly described as a 'complete fixer or tear-down,' requiring substantial investment for demolition or extensive renovation, and is not suitable for immediate occupancy.
Significant Overpricing: The list price of $1.3 million is substantially higher than the estimated property value of $863,834.72, representing a 33% overvaluation according to the provided estimation, which may deter potential buyers.
No Structure Showings: The inability to show the existing structures ('no showings of the structures') limits due diligence for potential buyers and reinforces the property's 'tear-down' status, adding an element of risk.

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