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8021 Towne Avenue, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 1 bath

8021 Towne Avenue, Los Angeles, California 90003 home-pic-0
ACTIVE$490,000
8021 Towne Avenue, Los Angeles, California 90003
2Beds
1Bath
440Sqft
1,481Lot
Year Built
1926
Close
-
List price
$490K
Original List price
$500K
Price/Sqft
$1,114
HOA
-
Days on market
-
Sold On
-
MLS number
24378467
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $490.0K(27th), sqft - 440(2th), beds - 2(41th), baths - 1(47th).

**THIS PROPERTY WILL REMAIN ON HOLD DUE TO TITLE CONFIRMATION BY ATTORNEYS & ANY FURTHER UPDATES WILL BE POSTED UPON CONFIRMATION** This property is being "SOLD AS-IS" in it's entirety condition without any further warranties and/or guarantees of any kind. Real Estate Agent(s)/Broker(s) and your buyer(s) are to do their own due diligence and investigation of any/all Los Angeles City/County Building & Safety Regulations and Laws pertaining to this property's status, square footages, etc. No responsibility of the sellers nor any of their real estate agent(s)/Broker(s), that may enter into a for sale transaction. **This single family residence shows as per property title report as a two(2) bedroom; however, the present physical condition only shows one(1) bedroom and one(1) full bathroom.** Escrow could be extended due to trust clarification process. *This property is right next to the *Vacant Land Lot on Towne Avenue, Los Angeles, CA MLS# 24-378471 is for sale. And also, 7908 Towne, Los Angeles, CA MLS# 24-344647 is for sale too* Sellers Have Selection Of All Services. Do Not Walk Onto The Properties And Do Not Disturb The Occupants, They Are Not Tenants! Thank You All For Your Interest & Have An Excellent Day!

Condition Rating
Poor
Built in 1926, this property is nearly 100 years old with no evidence of recent major renovations. The listing explicitly states 'SOLD AS-IS' with no warranties, indicating significant deferred maintenance and potential structural or system defects. The exterior images show clear signs of neglect, including an unkempt yard and security bars on windows. The absence of interior photos, especially for the kitchen and bathroom, strongly suggests these areas are in very poor condition, likely original or last updated decades ago, requiring complete overhaul. The discrepancy in bedroom count further points to unpermitted work or significant issues. This property requires substantial repairs and rehabilitation, making it far from move-in ready and potentially unsafe or uncomfortable in its current state.
Pros & Cons

Pros

Desirable Location: Situated in Los Angeles, a major metropolitan area, offering access to amenities, employment, and a strong real estate market.
Entry-Level Price Point: Listed at $490,000, this property represents a relatively accessible price for a single-family home in the Los Angeles market, potentially appealing to first-time buyers or investors.
Potential for Assemblage/Development: The property is located next to a vacant lot and another single-family home also for sale, presenting a unique opportunity for a buyer to acquire multiple parcels for a larger development project.
Single-Family Home Status: Despite its small size, it is a detached single-family residence, which typically offers more privacy and land ownership benefits compared to attached housing types.
Low Maintenance Lot: With a lot size of 1481 sqft, the property requires minimal exterior upkeep, which can be attractive to buyers seeking a low-maintenance lifestyle.

Cons

Significant Transactional & Legal Hurdles: The property is currently on hold due to title confirmation and trust clarification, indicating potential for extended escrow, legal complexities, and an 'as-is' sale condition that places all risk on the buyer.
Major Discrepancy in Property Details & Condition: The title report indicates 2 bedrooms, but the physical condition shows only 1 bedroom, coupled with an extremely small 440 sqft, severely limiting functionality and broad buyer appeal.
Age and Implied Condition: Built in 1926 and explicitly sold 'as-is', the property likely requires substantial renovation, system upgrades, and deferred maintenance, adding significant unforeseen costs and effort for a prospective buyer.

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