5943 Wall Street, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath
ACTIVE$544,999
5943 Wall Street, Los Angeles, California 90003
2Beds
1Bath
840Sqft
2,040Lot
Year Built
1910
Close
-
List price
$545K
Original List price
$545K
Price/Sqft
$649
HOA
-
Days on market
-
Sold On
-
MLS number
DW24219699
Home ConditionGood
Features
View-
About this home
Possibly Over-Priced:The estimated price is 28% below the list price. We found 3 Cons,5 Pros. Rank: price - $545.0K(39th), sqft - 840(20th), beds - 2(41th), baths - 1(47th).
Welcome to 5943 Wall St., a charming 2-bedroom, 1-bathroom home nestled in the heart of Los Angeles. This 840-square-foot residence offers cozy and efficient living with a well-designed layout that maximizes space and functionality. Located in a vibrant neighborhood, this home is close to shopping, dining, and entertainment options, making it an ideal choice for those looking to experience the best of LA. With its inviting ambiance and prime location, this home is perfect for anyone looking to own a piece of LA.
Price History
Date
Event
Price
03/05/18
Sold
$350,000
Condition Rating
Good
Despite being built in 1910, the property presents as move-in ready due to significant recent cosmetic updates. The kitchen features modern white shaker cabinets, stainless steel appliances, and contemporary gray countertops. The bathroom is also updated with a modern vanity, subway tile shower, and glass door. Laminate wood flooring in the living areas and kitchen, along with fresh paint, contribute to a clean and updated interior. While the age of the home suggests potential for older underlying systems (as noted in the property analysis), the visible components are well-maintained and stylish, aligning with a 'Good' condition rating.
Pros & Cons
Pros
Prime Los Angeles Location: Situated in the 'heart of Los Angeles' within a 'vibrant neighborhood,' offering excellent access to shopping, dining, and entertainment options.
Charming & Efficient Living: Described as a 'charming' home with a 'cozy and efficient living' layout that maximizes space, appealing to those seeking character and functionality in a smaller footprint.
Accessibility to Amenities: Proximity to various urban amenities, including shopping, dining, and entertainment, enhances convenience and lifestyle appeal for residents.
Potential for Value Appreciation: Located in the Los Angeles market, which historically demonstrates strong long-term real estate appreciation, offering potential for future investment growth.
Starter Home/Investment Opportunity: Its size and central location make it an attractive option for first-time homebuyers or investors looking for a property in a high-demand urban area.
Cons
Significant Overpricing: The list price of $544,999 is substantially higher than the estimated property value of $391,777.02, indicating a potential overvaluation of approximately 28%.
Advanced Age & Potential for Deferred Maintenance: Built in 1910, the property is over a century old, suggesting a high likelihood of requiring significant updates to systems (plumbing, electrical) and general maintenance, which could incur substantial costs for a buyer.
Limited Square Footage & Lot Size: With only 840 sqft of living space and a 2040 sqft lot, the property offers limited room for expansion or accommodating larger households, potentially narrowing its buyer pool.