549 Lotus Street, Los Angeles, California 90065, Los Angeles, 90065 - 3 bed, 3 bath
ACTIVE$882,400
549 Lotus Street, Los Angeles, California 90065
3Beds
3Baths
1,848Sqft
6,245Lot
Year Built
1990
Close
-
List price
$882K
Original List price
$1.18M
Price/Sqft
$477
HOA
-
Days on market
-
Sold On
-
MLS number
IV25152381
Home ConditionFair
Features
Good View: Mountain(s)
Deck
ViewMountain(s)
About this home
We found 3 Cons,5 Pros. Rank: price - $882.4K(17th), sqft - 1848(77th), beds - 3(50th), baths - 3(58th).
An amazing opportunity in this Los Angeles neighborhood for just $882,400. A 35 year old Traditional style 3 bedroom, 2.5 bath Single Family Residence and shows it has approx. 1,944 sq. ft. The lot size is approx. 6,245 sq. ft. Do not wait on this one. Buyers check City, County, Zoning, Tax, and other records to their satisfaction. AS-IS SALE property.
Nearby schools
4/10
Loreto Street Elementary School
Public,•K-5•0.4mi
2/10
Aragon Avenue Elementary School
Public,•K-5•0.5mi
6/10
Latona Avenue Elementary School
Public,•K-6•0.8mi
7/10
Mt. Washington Elementary School
Public,•K-6•0.8mi
3/10
Aldama Elementary School
Public,•K-6•1.3mi
4/10
Glassell Park Elementary School
Public,•K-6•1.4mi
5/10
Buchanan Street Elementary School
Public,•K-6•1.9mi
5/10
Toland Way Elementary School
Public,•K-6•1.9mi
5/10
Florence Nightingale Middle School
Public,•6-8•0.5mi
6/10
Luther Burbank Middle School
Public,•6-8•2.6mi
7/10
Benjamin Franklin Senior High School
Public,•6-12•1.8mi
7/10
Eagle Rock High School
Public,•7-12•2.8mi
Price History
Date
Event
Price
12/17/25
Price Change
$882,400-4.3%
11/14/25
Price Change
$922,200-5.9%
10/25/25
Price Change
$979,800-7.5%
10/07/25
Price Change
$1,059,000-7.1%
09/18/25
Price Change
$1,139,500
07/08/25
Listing
$1,176,600
Condition Rating
Fair
Built in 1990, this 34-year-old property shows its age, aligning with the 'Fair' condition criteria for homes built 25-40 years ago without major renovations. The kitchen features original-style wood cabinets, dated tile countertops, and older black appliances, along with an outdated fluorescent light fixture. Bathrooms are similarly dated, notably with pink tiled surrounds. Other areas show worn hardwood floors, removed carpeting (exposing subfloor), and weathered exterior elements like the porch. The 'AS-IS' sale condition further indicates that significant cosmetic and functional updates are required throughout the home.
Pros & Cons
Pros
Significant Price Reduction: The property has undergone substantial price reductions from its original listing of $1,176,600 down to $882,400, presenting a compelling value opportunity for potential buyers.
Desirable Location: Situated in a sought-after Los Angeles neighborhood (Mount Washington area), offering access to urban amenities and a desirable community.
Scenic Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and potential resale value.
Generous Lot Size: With a substantial lot size of approximately 6,245 sq. ft., the property provides valuable outdoor space in an urban setting.
Good School Proximity: Located near several public schools, including highly-rated elementary and high schools, making it attractive for families.
Cons
As-Is Sale Condition: The property is explicitly sold 'AS-IS,' indicating the seller will not undertake repairs, which necessitates buyers to budget for potential immediate and future maintenance or renovation costs.
Dated Condition / Renovation Needs: As a 35-year-old home described as 'showing its age,' the property likely requires significant modernization and updates to its interior and systems to align with current market expectations.
Potential for High Renovation Costs: Given its age and 'as-is' status, buyers should anticipate substantial investment in renovations and upgrades, which could be a barrier for some purchasers.