5053 Long Beach Avenue, Los Angeles, California 90058, Los Angeles, 90058 - 3 bed, 1 bath
ACTIVE$508,000
5053 Long Beach Avenue, Los Angeles, California 90058
3Beds
1Bath
1,214Sqft
2,623Lot
Year Built
1914
Close
-
List price
$508K
Original List price
$520K
Price/Sqft
$418
HOA
-
Days on market
-
Sold On
-
MLS number
DW24076527
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $508.0K(50th), sqft - 1214(75th), beds - 3(50th), baths - 1(50th).
NO SHOWINGS UNTIL 4/22/2024! Great property for 1st time buyers. Bring your amazing buyers to preview soon. Property will sell quick!
Price History
Date
Event
Price
06/12/20
Sold
$400,000
12/18/19
Sold
$250,000
Condition Rating
Poor
Built in 1914, this property is over 100 years old. While the exterior shows recent cosmetic updates like fresh paint and possibly newer windows, there is no indication of extensive renovation to major systems (plumbing, electrical, HVAC) within the last 50 years. The property analysis explicitly notes 'likely necessitating substantial investment in updating infrastructure' and 'addressing deferred maintenance.' With only one bathroom for three bedrooms, it's highly probable that the kitchen and bathroom are significantly outdated and require substantial repairs and modernization, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Affordable Entry Point: The list price of $508,000 positions it as an accessible option for a single-family home in Los Angeles, particularly for first-time buyers.
Recent Price Reduction: A $12,000 price drop from the original list price indicates seller flexibility and potential for a more attractive deal.
Desirable Bedroom Count: Offering 3 bedrooms provides versatile living space, suitable for small families or those needing home office/guest rooms.
High Demand Indication: The listing description 'Property will sell quick!' suggests strong market interest and potential for a swift transaction.
Single-Family Home in LA: Owning a detached single-family residence in a major metropolitan area like Los Angeles offers long-term value and appreciation potential.
Cons
Historic Age & Potential Maintenance: Built in 1914, the property is over 100 years old, likely necessitating substantial investment in updating infrastructure (plumbing, electrical, HVAC) and addressing deferred maintenance.
Limited Bathroom Capacity: A single bathroom for a three-bedroom home presents practical challenges for multiple residents, potentially impacting daily routines and resale appeal.
Compact Lot Size: The 2,623 sqft lot is relatively small, restricting outdoor living space, gardening opportunities, and future expansion possibilities.