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8621 Elm Street, Los Angeles, California 90002, Los Angeles, 90002 - 3 bed, 2 bath

8621 Elm Street, Los Angeles, California 90002 home-pic-0
ACTIVE$550,000
8621 Elm Street, Los Angeles, California 90002
3Beds
2Baths
1,450Sqft
3,351Lot
Year Built
1962
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
$379
HOA
-
Days on market
-
Sold On
-
MLS number
SB25037834
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 14% below the list price. We found 3 Cons,5 Pros. Rank: price - $550.0K(41th), sqft - 1450(78th), beds - 3(50th), baths - 2(50th).

Welcome to 8621 Elm St, Los Angeles, CA 90002! This 3-bedroom, 2-bathroom home (public records list as a 1-bedroom, 1-bathroom) is a fantastic opportunity for first-time buyers or investors. The property offers plenty of potential. Enjoy an open backyard perfect for entertaining and an inviting front yard that enhances the home’s curb appeal. Conveniently located near Graham Elementary School, Charles Drew Middle School, and Jordan High School, this home provides easy access to schools, shopping, and local amenities. Situated near Firestone Blvd and Elm St, the location offers easy access to major roads and transportation. Don’t miss out on this incredible opportunity—schedule a showing today!

Price History

Date
Event
Price
02/20/25
$550,000
11/28/07
Sold
$440,000
08/08/06
Sold
$310,000
01/20/05
Sold
$235,000
Condition Rating
Poor
Built in 1962, this property is 62 years old with no apparent major renovations in decades. The exterior images show significant deferred maintenance, including cracked concrete, worn surfaces, and dilapidated fencing. The complete absence of interior photos strongly suggests the kitchen, bathrooms, and other living areas are in very poor, outdated, or potentially unlivable condition, requiring substantial repairs and rehabilitation. The discrepancy between public records (1 bed, 1 bath) and the listing (3 bed, 2 bath) indicates unpermitted additions, raising concerns about structural integrity and safety. This property is a major fixer-upper, likely requiring extensive system replacements and cosmetic overhauls.
Pros & Cons

Pros

Strategic Location: Conveniently located near schools (Graham Elementary, Charles Drew Middle, Jordan High), shopping, and local amenities, with easy access to major roads like Firestone Blvd and Elm St, enhancing daily convenience.
Investment & First-Time Buyer Opportunity: Explicitly positioned as a 'fantastic opportunity' for first-time buyers or investors, suggesting a competitive entry point into the Los Angeles market with potential for appreciation.
Outdoor Living Space: Features an 'open backyard perfect for entertaining' and an 'inviting front yard that enhances the home’s curb appeal,' providing valuable outdoor utility and aesthetic appeal.
Value-Add Potential: The property offers 'plenty of potential,' indicating opportunities for buyers to customize, renovate, and increase equity through improvements.
Functional Layout (Listed): The listing advertises a 3-bedroom, 2-bathroom configuration, which is a desirable and functional layout for families or potential rental income, assuming the discrepancy with public records can be resolved.

Cons

Public Record Discrepancy: A significant discrepancy exists between the listed 3 bedrooms and 2 bathrooms and public records showing 1 bedroom and 1 bathroom, which could impact financing, appraisal, and legal compliance.
Age and Condition (Implied): Built in 1962 and described as having 'plenty of potential,' suggesting the property likely requires significant updates, renovations, and potential repairs to systems or aesthetics to meet modern standards.
Limited Lot Size: With a lot size of 3351 sqft, the property offers a relatively small footprint for a single-family home in Los Angeles, which may limit expansion possibilities or appeal to buyers seeking larger outdoor spaces.

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