787 Terrace 49, Los Angeles, California 90042, Los Angeles, 90042 - 4 bed, 4 bath

787 Terrace 49, Los Angeles, California 90042 home-pic-0
ACTIVE$1,080,000
787 Terrace 49, Los Angeles, California 90042
4Beds
4Baths
2,104Sqft
8,466Lot
Year Built
1936
Close
-
List price
$1.08M
Original List price
$1.08M
Price/Sqft
$513
HOA
-
Days on market
-
Sold On
-
MLS number
SR25071087
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 13% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.08M(37th), sqft - 2104(89th), beds - 4(86th), baths - 4(90th).

Upon entering this home, you'll be greeted by an inviting atmosphere, with ample natural light streaming through the windows. The main part of the house features 3 bedrooms and 3 bathrooms, with an addition of an extra bedroom and bathroom along with an impressive 870 square feet of additional living space. providing comfortable accommodations for family and guests. The living space measures 2,104 square feet and offers a cozy environment for relaxing and entertaining. The lot size of 8,466 square feet provides ample outdoor space for recreation, gardening, or creating your own private oasis. Enjoy the California sunshine in the spacious backyard, perfect for outdoor gatherings and activities. Located in the vibrant and sought-after community of Highland Park, this property offers convenient access to a variety of amenities, parks, dining, and entertainment options. With its rich history and diverse culture, this area has something for everyone to enjoy. Don't miss the opportunity to make this your dream home, with the flexibility to complete the new addition according to your vision. This unique property combines the charm of the past with the promise of the future!

Price History

Date
Event
Price
05/17/07
Sold
$520,000
Condition Rating
Good

The property, built in 1936, features a recently renovated kitchen with modern shaker cabinets, stainless steel appliances, and updated countertops/backsplash. The bathrooms also appear to be recently updated with modern vanities and tiled showers. Hardwood flooring is consistent throughout the main living areas and bedrooms. However, the listing explicitly mentions an 'unfinished addition' of 870 square feet, which requires further investment and completion. While the visible areas are in excellent, move-in ready condition, the unfinished portion prevents an 'Excellent' rating, placing it firmly in the 'Good' category as it's move-in ready with a clear, stated renovation project remaining.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8466, living area = 2104.
Generous Space: Offers 2,104 sq ft of living space with 4 bedrooms and 4 bathrooms, complemented by a substantial 8,466 sq ft lot, providing ample room for living and outdoor activities.
Prime Highland Park Location: Situated in a vibrant and highly sought-after Highland Park community, providing excellent access to amenities, dining, entertainment, and cultural attractions.
Significant Expansion Potential: Includes an 870 sq ft addition with an extra bedroom and bathroom, offering considerable flexibility for a buyer to customize and complete to their specific vision.
Abundant Natural Light: The home is described as having an 'inviting atmosphere, with ample natural light streaming through the windows,' enhancing its appeal and livability.
Spacious Outdoor Living: Features a large backyard, ideal for outdoor gatherings, recreation, and creating a private oasis, a valuable asset in Los Angeles.

Cons

Unfinished Addition: The property includes an 870 sq ft addition that requires completion, necessitating further investment and effort from the buyer to realize its full potential.
Potential Overpricing: The list price of $1,080,000 is approximately 13% higher than the estimated property value of $936,813.83, suggesting it may be overpriced in the current market.
Age of Construction: Built in 1936, the property's age may present challenges related to outdated systems, potential deferred maintenance, or the need for significant upgrades beyond the stated addition.

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