623 E 116th St, Los Angeles, California 90059, Los Angeles, 90059 - 3 bed, 2 bath

ACTIVE$699,999
623 E 116th St, Los Angeles, California 90059
3Beds
2Baths
1,034Sqft
5,682Lot
Year Built
1946
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$677
HOA
-
Days on market
-
Sold On
-
MLS number
41107012
Home ConditionExcellent
Features
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $700.0K(85th), sqft - 1034(42th), beds - 3(50th), baths - 2(50th).

Back on Market! Buyer Couldn’t Secure Financing – Their Loss, Your Gain! Stunning Fully Renovated 3-Bedroom Home with ADU Potential This beautifully renovated 3-bedroom, 2-bathroom home is back on the market after the previous buyer was unable to secure financing. Here’s your second chance to own this move-in ready gem! Enjoy a complete renovation throughout, featuring: • Brand-new electrical and plumbing systems • Upgraded insulation for improved energy efficiency • New central A/C for year-round comfort • Bright, open-concept living space that flows into a modern kitchen with sleek cabinetry and elegant countertops • Two fully updated bathrooms with stylish, high-end finishes Additional highlights: • 550 sq. ft. detached garage—perfect for conversion into an in-law suite or studio • Expansive lot with ADU potential (with proper permits) for extra living space or rental income Located in a desirable Los Angeles neighborhood, close to schools, shopping, and major freeways, this property offers modern comfort and future investment opportunities all in one. Don’t miss out—schedule a showing today!

Price History

Date
Event
Price
08/28/25
Sold
$3,579,363
08/03/25
$699,999
01/16/25
Sold
$400,000
Condition Rating
Excellent

The property, built in 1946, has undergone a full renovation including new electrical and plumbing systems, upgraded insulation, new central A/C, a modern kitchen with sleek cabinetry and elegant countertops, and two fully updated bathrooms with stylish, high-end finishes. This suggests a property in excellent condition, effectively newly renovated.
Pros & Cons

Pros

Full Renovation: The property has undergone a complete renovation, including new electrical and plumbing systems, offering a move-in ready experience.
ADU Potential: The expansive lot and detached garage (550 sq. ft.) provide significant potential for constructing an Accessory Dwelling Unit (ADU) for rental income or extended family living.
New Central A/C: The installation of a new central A/C system ensures year-round comfort, a valuable feature for Los Angeles weather.
Modern Kitchen: The open-concept living space features a modern kitchen with sleek cabinetry and elegant countertops, appealing to contemporary tastes.
Desirable Location: Located in a desirable Los Angeles neighborhood, the property is close to schools, shopping, and major freeways, enhancing its convenience and appeal.

Cons

Financing Issues (Previous Buyer): The property was previously under contract, but the buyer couldn't secure financing, which may raise concerns for some potential buyers.
Lot Size: While offering ADU potential, the lot size of 5682 sqft, while decent, might limit the size and scope of potential ADU construction compared to larger lots.
Year Built: Built in 1946, despite renovations, some buyers may have concerns about underlying structural issues common in older homes.

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