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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$850,000
5109 S 7th Avenue, Los Angeles, California 90043
3Beds
2Baths
1,176Sqft
6,481Lot
Year Built
1920
Close
-
List price
$850K
Original List price
$899K
Price/Sqft
$723
HOA
-
Days on market
-
Sold On
-
MLS number
SR25101938
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 39% below the list price. We found 3 Cons,6 Pros. Rank: price - $850.0K(50th), sqft - 1176(25th), beds - 3(50th), baths - 2(50th).

PRICE REDUCTION IN CELEBRATION FO THE 250th NATIONAL BIRTHDAY. VA, FHA AND FIRST TIME BUYERS ARE VERY MUCH WELCOMED. 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. Brand new Central A/C and Heating system. New paint inside out, and flooring. It has a Guest House that is occupied and rented. Tenant will leave 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 that can be used as a rental.

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
Excellent
Despite being built in 1920, the property has been 'totally remodeled' with a new kitchen, new bathroom, new flooring, new paint, and a brand new central A/C and heating system. The images confirm a modern, virtually new kitchen with blue shaker cabinets, white countertops, and new appliances, as well as fresh, modern flooring and recessed lighting throughout. These extensive renovations bring the property's condition to current quality standards, aligning with the 'excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Extensive Modern Renovation: The home has been 'totally remodeled' with significant upgrades including recessed lighting, dual pane windows, new bathroom, kitchen, paint, and flooring, offering a modern living experience.
Brand New Central HVAC: Installation of a 'Brand new Central A/C and Heating system' provides modern comfort and energy efficiency, a key selling point.
Strong Income & ADU Potential: The property includes an occupied guest house (rental income) and 'approved plans to build an ADU,' offering substantial opportunities for additional income or increased property value.
Ample & Versatile Parking: Features 'very big parking areas' capable of fitting an RV and catering to 'self-employed buyers' needing significant space, a rare and valuable asset in urban areas.
Desirable Neighborhood & Accessibility: Located on a 'beautiful tree lined street' in a 'real nice neighborhood' with convenient access to 'shopping, downtown, schools and places of worship.'

Cons

Non-Permitted Structure: The presence of a 'small unit detached in the back non-permitted' presents a legal risk and potential future costs for legalization or removal.
Significant Discrepancy in Valuation: The current listing price of $850,000 is considerably higher than the property's estimated value of $513,750.935, suggesting a potential overvaluation in the current market.
Older Property Age: Despite extensive remodeling, the home's original construction year of 1920 means the underlying infrastructure is over a century old, which could lead to unforeseen maintenance or structural issues not addressed by cosmetic or system upgrades.

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