5506 Bushnell Way, Los Angeles, California 90042, Los Angeles, 90042 - 2 bed, 1 bath
ACTIVE$999,999
5506 Bushnell Way, Los Angeles, California 90042
2Beds
1Bath
720Sqft
4,197Lot
Year Built
1924
Close
-
List price
$1,000K
Original List price
$9.9M
Price/Sqft
$1,389
HOA
-
Days on market
-
Sold On
-
MLS number
SW25186895
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
Possibly Over-Priced:The estimated price is 23% below the list price. We found 3 Cons,5 Pros. Rank: price - $1000.0K(30th), sqft - 720(7th), beds - 2(39th), baths - 1(31th).
Absolutely gorgeous home with endless opportunities! Located just minutes from Dodger Stadium, Downtown Los Angeles, and Chinatown, this property offers the perfect blend of convenience and lifestyle. Whether you're looking for a smart investment or your primary residence, this home delivers it all. Enjoy relaxing walks with your family to nearby attractions or skip the long commute with easy access to major work hubs. A true gem in the heart of the city!
Price History
Date
Event
Price
08/26/25
Price Change
$999,999
08/25/25
Listing
$9,900,900
06/07/01
Sold
$159,000
Condition Rating
Poor
The property was built in 1924, making it 100 years old. While the description uses positive language, the explicit weakness 'Age and Potential for Updates' indicates a significant need for renovation. Without interior photos, it's highly probable that the kitchen and bathroom are severely outdated, and major systems (electrical, plumbing, etc.) are either original or very old, requiring substantial rehabilitation to meet modern standards. The exterior image also suggests an older property with some deferred maintenance, consistent with a home needing significant work beyond minor updates.
Pros & Cons
Pros
Exceptional Urban Location: Strategically located just minutes from major Los Angeles landmarks such as Dodger Stadium, Downtown LA, and Chinatown, offering unparalleled convenience and access to city amenities and cultural hubs.
Strong Investment/Lifestyle Potential: Marketed as both a smart investment opportunity and an ideal primary residence, appealing to a broad range of buyers seeking urban living or portfolio growth in a desirable area.
Desirable City Lights View: The property boasts captivating 'City Lights' views, adding significant aesthetic value and enhancing its overall appeal and perceived luxury.
Single Family Residence with Lot: Offers the privacy and independence of a detached single-family home, complemented by a respectable 4,197 sqft lot for outdoor enjoyment or potential future expansion.
Proximity to Work Hubs & Attractions: Provides easy access to major work hubs and nearby attractions, significantly reducing commute times and enhancing the convenience of daily life.
Cons
Overpriced Relative to Market Estimation: The current list price of $999,999 is approximately 11% above its estimated market value of $881,840, which could deter potential buyers and prolong its time on the market.
Compact Living Space: With only 720 square feet of living space and 2 beds/1 bath, the property is quite compact, potentially limiting its appeal to larger households or those desiring more expansive rooms.
Age and Potential for Updates: Built in 1924, the home is nearly a century old, suggesting a higher likelihood of requiring significant updates, maintenance, or system replacements to meet modern standards and preferences.