738 S Norton Avenue, Los Angeles, California 90005, Los Angeles, 90005 - 3 bed, 3 bath

738 S Norton Avenue, Los Angeles, California 90005 home-pic-0
ACTIVE$1,295,000
738 S Norton Avenue, Los Angeles, California 90005
3Beds
3Baths
2,030Sqft
5,281Lot
Year Built
1920
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$638
HOA
-
Days on market
-
Sold On
-
MLS number
SR24208912
Home ConditionPoor
Features
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 32% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.29M(25th), sqft - 2030(25th), beds - 3(38th), baths - 3(50th).

TRUST SALE SUBJECT TO COURT APPROVAL. ACCEPTED OFFER. Hurry to this enchanting 2-Story Colonial Revival on private gated lot in desirable Wilshire Park neighborhood, adjacent to Hancock Park and Windsor Square. Property is located in an Historical Preservation Overlay Zone (HPOZ) and enjoys distinctive character and architecture both inside and out. Ideal for investor or owner/user seeking a cosmetic fixer with great bones.Enter the property through gated/walled entry to this delightful home set back from street. This home combines the best of a traditional bed and breakfast feel with grand room sizes fit for entertaining. Light and bright throughout, buyers will love the comfortable vibe of this home. Hardwood and tiled floors throughout. Living room enjoys recessed lights, crown moldings, fireplace and built in bookcases. True formal dining room fit for large parties. Galley style kitchen with adjacent breakfast room/office offers great potential for updating/remodeling. Enjoy three bedrooms upstairs including primary suite that features recessed lights, crown moldings and private full bath with spa tub and pedestal sink. Secondary bedrooms share a 3/4 tiled bathroom. Bedroom 3 is being used as an office and includes built-in cabinets and separate closet. Large basement allows for plenty of storage or turn into wine room. Detached garage has been converted to a studio (not included in square footage/bedroom/bath count) with kitchenette and 3/4 bath and has great potential for ADU or home office/guest quarters. Ample off-street parking. Outdoor grounds have the feel of a tree-shaded park waiting for your landscape touches. This home has great bones and is waiting for buyer to update/renovate to bring back the love and character this fabulous home deserves. Hurry...Priced to sell and won't last!

Condition Rating
Poor

Built in 1920, this property is explicitly described as a 'cosmetic fixer' with 'great potential for updating/remodeling' in the kitchen. While it has 'great bones,' indicating structural soundness, the lack of recent renovation and the age of the home suggest that the kitchen and bathrooms, with a 'galley style kitchen' and 'pedestal sink,' are severely outdated and require substantial rehabilitation to meet modern standards. The exterior images show an older, maintained home, but the interior description points to a significant investment needed for modernization, aligning with the 'poor' condition criteria for requiring substantial repairs and rehabilitation, particularly in key areas like the kitchen and bathrooms.
Pros & Cons

Pros

Prime Location & Historic Charm: Located in the desirable Wilshire Park neighborhood, adjacent to Hancock Park and Windsor Square, this Colonial Revival home boasts distinctive architecture and character within a Historical Preservation Overlay Zone (HPOZ).
ADU Potential: The detached garage has been converted into a studio with a kitchenette and 3/4 bath, offering significant potential for an Accessory Dwelling Unit (ADU), home office, or guest quarters, adding considerable value and versatility.
Solid Foundation for Renovation: Described as having 'great bones' and being an 'ideal cosmetic fixer,' the property offers a solid structural foundation for a buyer to update and renovate, allowing for personalization and potential value appreciation.
Spacious & Elegant Interiors: The home features grand room sizes, a true formal dining room, hardwood and tiled floors, recessed lights, crown moldings, a fireplace, and built-in bookcases, contributing to a comfortable and elegant living experience.
Privacy & Security: A private, gated, and walled entry, combined with the home being set back from the street, enhances privacy and security for residents.

Cons

Requires Significant Cosmetic Renovation: The property is explicitly a 'cosmetic fixer' with a 'galley style kitchen' needing 'updating/remodeling,' indicating a substantial investment will be required to modernize the interior to current standards.
HPOZ Renovation Restrictions: Being in a Historical Preservation Overlay Zone (HPOZ) means exterior renovations and modifications will be subject to strict guidelines and approvals, potentially limiting design choices and increasing project complexity and cost.
Unfinished Landscaping Potential: The 'outdoor grounds... waiting for your landscape touches' suggests the exterior requires significant landscaping effort and investment to fully realize its potential and enhance curb appeal.

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