714 E 110th Street, Los Angeles, California 90059, Los Angeles, 90059 - 5 bed, 2 bath
ACTIVE$624,999
714 E 110th Street, Los Angeles, California 90059
5Beds
2Baths
1,565Sqft
6,280Lot
Year Built
1926
Close
-
List price
$625K
Original List price
$649K
Price/Sqft
$399
HOA
-
Days on market
-
Sold On
-
MLS number
DW25110310
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 48% below the list price. We found 3 Cons,5 Pros. Rank: price - $625.0K(53th), sqft - 1565(83th), beds - 5(92th), baths - 2(50th).
Excellent Investment Opportunity! Located on one of the largest lots on the block, this property offers a 6,280 sq ft lot with R2 zoning, ideal for building a second unit and a junior adu (buyer to verify with city). Plenty of space to expand or add additional value. Centrally located near major shopping centers, freeway access, and just 15 minutes from Downtown Los Angeles. Property offers great potential for developers or investors. Don’t miss this opportunity!
Condition Rating
Poor
Built in 1926, this property is nearly a century old with no mention of any significant renovations or updates in the listing description. The exterior images show a dated appearance with an unkempt yard and security bars, suggesting a lack of recent maintenance. The description's emphasis on 'investment opportunity' and 'potential for developers' strongly implies that the existing structure requires substantial repairs and rehabilitation. Without any updates, the kitchen, bathrooms, and major systems (electrical, plumbing, HVAC) are almost certainly severely outdated and likely in very poor condition, requiring complete overhaul to meet modern standards. This aligns with the 'poor' condition criteria, indicating significant defects and a need for extensive system replacements.
Pros & Cons
Pros
Development Potential: The R2 zoning and large 6,280 sq ft lot offer significant development potential, allowing for the addition of a second unit and a junior ADU (buyer to verify), which can substantially increase property value and rental income.
Generous Lot Size: Boasting a 6,280 sq ft lot, described as one of the largest on the block, provides ample space for expansion, outdoor amenities, or future development projects.
Strategic Central Location: The property is centrally located with convenient access to major shopping centers, freeways, and is just 15 minutes from Downtown Los Angeles, enhancing its appeal for commuters and access to amenities.
High Bedroom Count: With 5 bedrooms, the property offers a higher capacity for occupants compared to many similar-sized homes in the area, appealing to larger families or for potential multi-unit conversion.
Investment & Developer Appeal: Explicitly marketed as an 'Excellent Investment Opportunity' with 'great potential for developers or investors,' indicating its suitability for significant capital appreciation through strategic renovation and development.
Cons
Significant Overpricing: The current list price of $624,999 is substantially higher than the estimated property value of $323,757, suggesting a potential overvaluation of nearly 48% based on current market analytics and comparable sales.
Extensive Renovation Required: Built in 1926 and described as an 'investment opportunity' for 'developers or investors,' the property likely requires comprehensive modernization and repairs to meet contemporary standards and compete with recently updated comparables.
Lack of Modern Amenities: Unlike many comparable properties that highlight recent upgrades (e.g., new roof, updated kitchen/baths, central AC), the subject property's description does not mention such improvements, implying a significant investment will be needed for essential modern amenities.