818 Record Avenue, East Los Angeles, California 90063, East Los Angeles, 90063 - 2 bed, 1 bath

818 Record Avenue, East Los Angeles, California 90063 home-pic-0
ACTIVE$520,000
818 Record Avenue, East Los Angeles, California 90063
2Beds
1Bath
700Sqft
2,341Lot
Year Built
1924
Close
-
List price
$520K
Original List price
$539K
Price/Sqft
$743
HOA
-
Days on market
-
Sold On
-
MLS number
SR25049686
Home ConditionFair
Features
Deck
View-

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,5 Pros. Rank: price - $520.0K(20th), sqft - 700(6th), beds - 2(37th), baths - 1(43th).

\Welcome to this charming East LA property, offering 2 bedrooms, 1 bathrooms, and an additional bonus room recently renovated in the back of the property, all spread across 700 square feet of comfortable living space, situated on a 2,341 square foot lot. Approaching the property, you'll be greeted by a cozy front covered patio, creating the perfect space for outdoor seating and relaxation. Additionally, there's a spacious side yard, providing even more potential for outdoor enjoyment. Inside, you'll find a well-thought-out floorplan enhanced by laminate and tile flooring throughout. Ample storage space ensures your belongings are neatly organized. The kitchen is equipped with practical tile countertops and wooden cabinets, providing the ideal setting for your culinary adventures. The kitchen has also recently been updated with new counters, open walls, and new floors. One of the standout features of this home is the bonus room, which offers versatility for use as an in-home office, a playroom, or whatever suits your lifestyle. Both bedrooms come complete with sliding door closets, offering convenience and ample storage space. This property serves as an excellent starter home or a savvy investment opportunity. It's conveniently located near City Terrace Park, providing a wonderful space for outdoor activities. Additionally, you'll find schools and easy access to the 710-Freeways nearby. Don't miss out on the potential and charm this East LA property has to offer!

Condition Rating
Fair

The property, built in 1924, has received recent cosmetic updates including new laminate flooring throughout, fresh paint, and a recently updated kitchen with new cabinets, counters, and flooring. However, the kitchen appliances appear older, and the bathroom is notably dated with older tile and a basic pedestal sink, indicating it has not been recently renovated. While move-in ready, the age of the home and the dated bathroom prevent it from achieving a 'Good' rating, placing it in the 'Fair' category where minor updates are still required.
Pros & Cons

Pros

Versatile Bonus Room: The recently renovated bonus room offers significant functional flexibility, ideal for an in-home office, playroom, or additional living space.
Enhanced Outdoor Living: The property features a cozy front covered patio and a spacious side yard, providing valuable outdoor enjoyment and entertainment opportunities.
Updated Kitchen: The kitchen has recently been updated with new counters, open walls, and new floors, offering a more modern and appealing culinary space.
Strategic Location: Conveniently located near City Terrace Park, schools, and with easy access to the 710-Freeway, enhancing lifestyle and commute efficiency.
Investment/Starter Home Potential: The property is explicitly marketed as an excellent starter home or a savvy investment opportunity, appealing to a broad buyer demographic.

Cons

Significant Overpricing: The current list price of $520,000 is substantially higher than the estimated property value of $358,683.14, indicating potential overpricing.
Limited Interior Space & Single Bathroom: With only 700 square feet of living space and a single bathroom for a 2-bedroom home plus a bonus room, the property offers constrained living arrangements.
Age of Property: Built in 1924, the home is nearly a century old, which may raise concerns about aging infrastructure and potential future maintenance costs despite recent updates.

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