701 E 80th Street, Los Angeles, California 90001, Los Angeles, 90001 - 2 bed, 1 bath
ACTIVE$550,000
701 E 80th Street, Los Angeles, California 90001
2Beds
1Bath
1,363Sqft
5,355Lot
Year Built
1929
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$404
HOA
-
Days on market
-
Sold On
-
MLS number
MB23098276
Home ConditionPoor
Features
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,5 Pros. Rank: price - $550.0K(46th), sqft - 1363(73th), beds - 2(46th), baths - 1(50th).
THIS IS THE ONE: Looking for your next project or your First Home- This Family-owned property is zoned LAR2 sits on a 5,355-corner lot-2 car attached garage) plus alley access! 701 E. 80th Street is making its first-time debut on the market. Home features 2 bedrooms and 1 bathroom with a functional floor plan of usable living Sq ft1,363. Many possibilities with this property: Buyers call today to book your private tour. Developers: Call today to discuss all of the city of la (ladbs) zoning usability. Property neighbors the 110 & 105 freeway, public metro public transportation, new commercial developments-everywhere you turn there is ongoing growth!
Nearby schools
3/10
Mckinley Avenue Elementary School
Public,•K-6•0.2mi
3/10
South Park Elementary School
Public,•K-6•0.5mi
5/10
Wisdom Elementary School
Public,•K-6•0.6mi
3/10
Seventy-Fifth Street Elementary School
Public,•K-6•0.7mi
5/10
Russell Elementary School
Public,•K-6•0.8mi
4/10
Sixty-Sixth Street Elementary School
Public,•K-6•1.0mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.0mi
4/10
Sixty-Eighth Street Elementary School
Public,•K-6•1.5mi
3/10
Sixty-First Street Elementary School
Public,•K-6•1.7mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•0.9mi
1/10
Charles Drew Middle School
Public,•6-8•0.9mi
3/10
Thomas A. Edison Middle School
Public,•6-8•1.2mi
3/10
Los Angeles Academy Middle
Public,•6-8•1.7mi
3/10
John C. Fremont Senior High School
Public,•9-12•0.4mi
Price History
Date
Event
Price
06/04/23
Listing
$550,000
Condition Rating
Poor
Built in 1929, this property is 95 years old and explicitly described as a 'project,' indicating substantial repairs and rehabilitation are needed. The exterior images show an aged structure with an old tile roof, dated stucco, and a visible window air conditioning unit, suggesting outdated systems and deferred maintenance. Without interior photos, it's highly probable that the kitchen, bathroom, and other internal components are original or very old, requiring extensive renovation to meet modern standards and comfort.
Pros & Cons
Pros
Development & Expansion Potential: Zoned LAR2 on a generous 5,355 sq ft corner lot with alley access, this property offers significant opportunities for redevelopment or expansion, explicitly appealing to developers.
Strategic Location & Growth: Positioned near the 110 & 105 freeways, public metro, and surrounded by new commercial developments, indicating a high-growth area with excellent connectivity and future appreciation.
Desirable Corner Lot: The corner lot configuration provides enhanced privacy, abundant natural light, and flexible access points, which is highly sought after for both residential use and potential redevelopment.
First-Time Market Debut: Being offered for the first time on the market, this property presents a fresh opportunity for buyers without previous market history or price reductions to consider.
Attached Two-Car Garage: A valuable practical amenity, especially in urban areas, providing secure parking and additional storage space.
Cons
Age and Condition (Fixer-Upper): Built in 1929 and described as a 'next project' or 'first home,' the property likely requires substantial renovation and modernization, implying significant upfront investment for buyers.
Limited Bedroom/Bathroom Count: With only 2 bedrooms and 1 bathroom, the current configuration may not meet the needs of larger families or those seeking more modern amenities, potentially limiting the immediate buyer pool.
Modest Interior Square Footage: At 1,363 sq ft, the interior living space is relatively modest for a single-family home, which could be a drawback for buyers seeking more expansive living areas.