5737 5th, Los Angeles, California 90043, Los Angeles, 90043 - 3 bed, 2 bath

5737 5th, Los Angeles, California 90043 home-pic-0
ACTIVE$829,900
5737 5th, Los Angeles, California 90043
3Beds
2Baths
1,496Sqft
5,403Lot
Year Built
1919
Close
-
List price
$830K
Original List price
$860K
Price/Sqft
$555
HOA
-
Days on market
-
Sold On
-
MLS number
DW25006330
Home ConditionExcellent
Features
View-

About this home

Possibly Over-Priced:The estimated price is 47% below the list price. We found 3 Cons,5 Pros. Rank: price - $829.9K(42th), sqft - 1496(50th), beds - 3(50th), baths - 2(50th).

WELCOME TO THIS BEAUTIFUL REMODELED HOME, 3 BED, 2 BATH, AND A NEWER 2 CAR GARAGE WITH HIGH CEILINGS READY TO MOVE-IN AND MAKE YOUR MEMORIES. Discover the perfect blend of comfort, style and convenience in this beautiful remodel home offering 1,496 square feet of living space. The brand-new kitchen is a chef's dream, featuring sleek quartz countertops and ample cabinetry. Large living room with built-in bookshelves, formal dining room Large custom restrooms. Too much to list must see!!... This prime location, just minutes from Sofi Stadium, SpaceX, and LAX. Up to $20,000 is available for this property, in a loan grant..

Condition Rating
Excellent

Despite being built in 1919, the property has undergone a comprehensive and very recent remodel. The description highlights a 'beautiful remodeled home' with a 'brand-new kitchen' featuring 'sleek quartz countertops and ample cabinetry,' and 'Large custom restrooms.' The images confirm these claims, showcasing a modern kitchen with new stainless steel appliances, white shaker cabinets, quartz countertops, and subway tile backsplash. Both bathrooms are fully updated with contemporary vanities, tiling, and fixtures. Throughout the home, new flooring (likely LVP), fresh paint, recessed lighting, and modern light fixtures are evident. The 'newer 2 car garage with high ceilings' also indicates recent upgrades. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Extensive Modern Remodel: The property boasts a 'beautiful remodeled home' with a 'brand-new kitchen' featuring 'sleek quartz countertops and ample cabinetry,' and 'Large custom restrooms,' offering modern aesthetics and functionality.
Move-in Ready Condition: Described as 'READY TO MOVE-IN AND MAKE YOUR MEMORIES,' indicating a turnkey property that requires no immediate renovations for the new owner.
Valuable Additional Structures/Features: Includes a 'newer 2 car garage with high ceilings,' 'Large living room with built-in bookshelves,' and a 'formal dining room,' enhancing living space and utility.
Strategic Location: Positioned in a 'prime location, just minutes from Sofi Stadium, SpaceX, and LAX,' offering convenient access to major employment hubs and entertainment venues, appealing to a broad buyer pool.
Financial Incentive for Buyers: The availability of 'Up to $20,000... in a loan grant' provides a significant financial advantage, potentially reducing the buyer's out-of-pocket costs or interest rates.

Cons

Significant Price Increase Post-Sale: The property was recently sold for $780,000 (based on the comparative listing with the same address) and is now listed at $829,900, representing a substantial price hike in a short period, which may be perceived as aggressive by buyers.
Substantial Discrepancy in Estimated Value: The current listing price of $829,900 is nearly double the provided property estimation value of $438,066.735, which could raise concerns for potential buyers and lenders regarding market valuation.
Age-Related System Concerns: Despite a remodel, the 1919 build year suggests potential underlying issues with major systems (e.g., HVAC, full plumbing/electrical beyond stated updates, foundation, roof) that are not explicitly detailed as new or updated in the description, potentially leading to unforeseen future costs.

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