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5109 S 7th Avenue, Los Angeles, California 90043, Los Angeles, 90043 - 3 bed, 2 bath

5109 S 7th Avenue, Los Angeles, California 90043 home-pic-0
ACTIVE$950,000
5109 S 7th Avenue, Los Angeles, California 90043
3Beds
2Baths
1,176Sqft
6,481Lot
Year Built
1920
Close
-
List price
$950K
Original List price
$999K
Price/Sqft
$808
HOA
-
Days on market
-
Sold On
-
MLS number
SR25029343
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 37% below the list price. We found 3 Cons,6 Pros. Rank: price - $950.0K(55th), sqft - 1176(24th), beds - 3(50th), baths - 2(50th).

LOVELY HOME WITH INFINITE POSSIBILITIES IN A BEAUTIFUL TREE LINED STREET. THIS HOME HAS BEEN TOTALLY REMODELED. It has recessed lighting, dual pane windows, new bathroom and kitchen. New paint inside out, and flooring. It has a Guest House that is occupied and rented. Tenant will live if requested. The parking areas are very big and can easily fit a RV, most of it has been cemented. A real nice neighborhood, close to shopping, downtown, schools and places of worship. The owner has approved plans to build an ADU. This home has a big parking area for self employed buyers that need a lot of parking space. Also there is a small unit detached in the back non-permitted. THE SELLER WILL CONSIDER RENTING THE PROPERTY AS WELL.

Nearby schools

3/10
Angeles Mesa Elementary School
Public,•K-5•0.2mi
2/10
Forty-Second Street Elementary School
Public,•K-5•0.7mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.8mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.1mi
2/10
Yes Academy
Public,•K-5•1.1mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.7mi
3/10
Windsor Hills Math Science
Public,•K-5•1.7mi
4/10
Centinela Elementary School
Public,•K-6•1.8mi
1/10
Lane (Warren) Elementary School
Public,•K-6•2.0mi
2/10
Audubon Middle School
Public,•6-8•0.9mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.0mi
1/10
Horace Mann Junior High School
Public,•6-8•1.6mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•3.0mi
2/10
Crozier (George W.) Middle School
Public,•7-8•3.3mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•4.0mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•0.3mi
2/10
Inglewood High School
Public,•9-12•3.0mi
2/10
George Washington Preparatory High School
Public,•9-12•4.2mi
9/10
Middle College High School
Public,•9-12•6.5mi

Price History

Date
Event
Price
06/06/06
Sold
$485,000
04/30/03
Sold
$209,000
Condition Rating
Good
The main house has been extensively and recently remodeled, featuring a new, modern kitchen with stainless steel appliances, contemporary bathrooms, new flooring, recessed lighting, and dual-pane windows, making it move-in ready. However, the presence of a 'small unit detached in the back non-permitted' is a significant drawback, introducing legal and compliance risks that prevent an 'Excellent' rating. Additionally, the listing does not explicitly mention a central cooling/heating system.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Extensive Modern Remodel: The home has been 'totally remodeled' with recessed lighting, dual pane windows, new bathroom, new kitchen, new paint inside and out, and new flooring, making it move-in ready.
Income-Generating Guest House: The property includes an occupied and rented guest house, providing immediate rental income potential for the buyer.
Approved ADU Plans: The owner has approved plans to build an Accessory Dwelling Unit (ADU), offering a significant value-add opportunity and potential for increased future income.
Ample & RV-Friendly Parking: The property features very large, mostly cemented parking areas that can easily accommodate an RV or multiple vehicles, ideal for self-employed buyers or those with extensive parking needs.
Desirable Neighborhood & Location: Located on a 'beautiful tree lined street' in a 'real nice neighborhood,' with convenient access to shopping, downtown, schools, and places of worship.

Cons

Significant Overpricing: The listing price of $950,000 is substantially higher than the estimated property value of $589,945.45 and most comparable sales, indicating potential overvaluation in the current market.
Non-Permitted Structure: The presence of a 'small unit detached in the back non-permitted' poses legal and financial risks, potentially requiring costly legalization or removal.
Absence of Central HVAC: Despite extensive remodeling, the property description does not mention a central heating or cooling system, which is a common amenity in comparable homes and may impact comfort and market appeal.

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