5244 Lathrop Street, Los Angeles, California 90032, Los Angeles, 90032 - 4 bed, 1 bath
ACTIVE UNDER CONTRACT$725,000
5244 Lathrop Street, Los Angeles, California 90032
4Beds
1Bath
991Sqft
4,951Lot
Year Built
1938
Close
-
List price
$725K
Original List price
$725K
Price/Sqft
$732
HOA
-
Days on market
-
Sold On
-
MLS number
CV25069803
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,5 Pros. Rank: price - $725.0K(21th), sqft - 991(27th), beds - 4(83th), baths - 1(38th).
Nestled in a desirable neighborhood, just minutes from local parks, shops, and dining, it offers the perfect balance of convenience and charm. This 3 bedroom, 1.5 baths offers a fantastic opportunity for first-time buyers or savvy investors looking for a promising rental or renovation project. Don't miss out on this gem—schedule a showing today!
Condition Rating
Poor
Built in 1938, this property is explicitly marketed as a 'renovation project,' indicating a need for substantial updates and rehabilitation. The listing also highlights 'inadequate bathrooms' with only one full bath for four bedrooms, suggesting significant functional deficiencies. Without interior images, particularly of the kitchen and bathroom, it's reasonable to infer that these key areas, along with other systems, are outdated and require extensive modernization to meet current standards. The single exterior image shows an older, maintained home, but does not contradict the need for interior renovation.
Pros & Cons
Pros
Desirable Location: Nestled in a desirable neighborhood, just minutes from local parks, shops, and dining, offering a balance of convenience and charm, with proximity to South Pasadena.
Investment Potential: Presents a fantastic opportunity for first-time buyers or savvy investors seeking a promising rental or renovation project, indicating significant upside.
Ample Bedrooms: Features 4 bedrooms, providing more living space and flexibility compared to many comparable properties in the area.
Generous Lot Size: Offers a substantial 4,951 sqft lot, providing ample outdoor space for landscaping, potential expansion, or recreational use.
Market Interest: Currently 'Active Under Contract,' indicating that the property has already attracted a buyer and is in escrow, demonstrating market appeal.
Cons
Significant Overpricing: The listing price of $725,000 is 22% higher than the estimated property value of $560,071.11, suggesting it may be substantially overpriced for its current condition.
Inadequate Bathrooms: With only 1 full bathroom for a 4-bedroom home, the property offers insufficient facilities for a family or multiple occupants, likely necessitating an upgrade.
Renovation Required: Marketed as a 'renovation project,' implying significant additional investment in updates and repairs will be needed to modernize and maximize its value.