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5448 W 116th Street, Inglewood, California 90304, Inglewood, 90304 - 6 bed, 4 bath

5448 W 116th Street, Inglewood, California 90304 home-pic-0
ACTIVE UNDER CONTRACT$999,000
5448 W 116th Street, Inglewood, California 90304
6Beds
4Baths
2,701Sqft
6,202Lot
Year Built
1947
Close
-
List price
$999K
Original List price
$1.35M
Price/Sqft
$370
HOA
-
Days on market
-
Sold On
-
MLS number
24364681
Home ConditionExcellent
Features
Patio
ViewTrees/Woods

About this home

Possibly Over-Priced:The estimated price is 6% below the list price. We found 3 Cons,5 Pros. Rank: price - $999.0K(69th), sqft - 2701(92th), beds - 6(92th), baths - 4(92th).

This exceptional property offers not just a home, but a versatile living arrangement that combines convenience, comfort, and investment potential. Upon arrival, you'll be greeted by a spacious driveway, providing ample parking for multiple vehicles. Step inside the main residence, where you are welcomed with an open-concept living area that is bathed in natural light, three spacious bedrooms, a kitchen with plenty of counter space, and two full bathrooms. The backyard includes an expansive additional converted space with its own kitchen, bathroom, and two bedrooms. The expansive backyard also includes a detached garage which can be used as a storage space or for additional parking. Conveniently located near the airport and major freeways, this home offers the ideal blend of urban convenience and suburban tranquility. Explore nearby attractions such as SoFi Stadium, The Forum, and the vibrant Inglewood entertainment district.

Price History

Date
Event
Price
09/03/99
Sold
$212,000
Condition Rating
Excellent
Despite being built in 1947, this property has undergone extensive and recent renovations, likely within the last 5 years. Both the main house and the converted additional space feature modern, updated kitchens with white shaker cabinets, stainless steel appliances, and contemporary countertops. Bathrooms are also fully updated with modern vanities, fixtures, and tiling. The property boasts consistent, light-colored laminate/LVP flooring throughout, recessed lighting, and an open-concept living area, all indicative of a high-quality, recent renovation. The overall aesthetic is fresh, clean, and move-in ready with virtually new components.
Pros & Cons

Pros

Income-Generating Potential & Versatility: The property features an expansive additional converted space with its own kitchen, bathroom, and two bedrooms, offering significant potential for rental income or multi-generational living.
Strategic Location: Proximity to major freeways, LAX, SoFi Stadium, The Forum, and the vibrant Inglewood entertainment district provides excellent accessibility and access to key amenities and employment centers.
Ample Parking & Flexible Storage: A spacious driveway accommodates multiple vehicles, complemented by a detached garage offering additional parking or valuable storage space.
Spacious & Bright Main Residence: The main home boasts an open-concept living area with abundant natural light, spacious bedrooms, and a functional kitchen, enhancing comfort and appeal.
High Capacity Living: With a total of 6 bedrooms and 4 bathrooms across the property, it offers substantial living capacity suitable for large families or multiple occupants.

Cons

Significant Price History & Market Adjustment: A substantial reduction from the original list price of $1.35M to $999K may raise questions about initial pricing strategy or underlying market perception.
Age of Construction: Built in 1947, the property may require updates to systems (e.g., electrical, plumbing, HVAC) or general maintenance typical of older homes, which are not explicitly detailed as having been addressed.
Valuation Discrepancy: The current list price of $999,000 is notably higher than the estimated property value of $931,548, suggesting it may still be priced above its current market appraisal.

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