8916 Mettler Street, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 2 bath
ACTIVE$795,000
8916 Mettler Street, Los Angeles, California 90003
3Beds
2Baths
1,187Sqft
4,201Lot
Year Built
1923
Close
-
List price
$795K
Original List price
$875K
Price/Sqft
$670
HOA
-
Days on market
-
Sold On
-
MLS number
SR24035434
Home ConditionExcellent
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 48% below the list price. We found 3 Cons,5 Pros. Rank: price - $795.0K(94th), sqft - 1187(55th), beds - 3(50th), baths - 2(50th).
Beautiful remodeled 3 bedroom, 2 bathrooms, nestled in a quite neighborhood, easy access to the Freeway and public transportation; miles from the newly built SoFi Stadium, and near LAX; This beautiful home embodies open concept, with remodeled kitchen including new appliances (Range, Microwave, Dishwasher, and Refrigerator); remodeled bathrooms, laundry room with washer/dryer hookups; New Roof; Tankless Water Heater, detached garage which can be transformed into an ADU; large backyard
Condition Rating
Excellent
Despite being built in 1923, the property has undergone an extensive and recent renovation, as evidenced by the 'remodeled kitchen including new appliances (Range, Microwave, Dishwasher, and Refrigerator),' 'remodeled bathrooms,' 'New Roof,' and 'Tankless Water Heater.' The description also highlights an 'open concept' layout. These updates indicate that the key components, especially the kitchen and bathrooms, are new or virtually new, meeting current quality standards and making the property move-in ready with no deferred maintenance.
Pros & Cons
Pros
Extensive Recent Remodel: The property boasts a comprehensive remodel including kitchen, bathrooms, new roof, and tankless water heater, offering a move-in ready experience.
ADU Conversion Potential: The detached garage presents a significant opportunity for an Accessory Dwelling Unit (ADU) conversion, enhancing income potential or providing flexible living space.
Strategic Connectivity: Excellent access to freeways and public transportation, coupled with proximity to major hubs like SoFi Stadium and LAX, offers desirable convenience.
Modern Open Concept with New Appliances: The home features a contemporary open concept layout and includes new kitchen appliances, appealing to modern lifestyle preferences.
Quiet Neighborhood Setting: Located in a quiet neighborhood, providing a peaceful living environment away from the immediate hustle and bustle.
Cons
Significant Overpricing: The current list price of $795,000 is considerably higher than the estimated property value of $406,224, indicating a potential overvaluation that could deter buyers.
Older Home Infrastructure: Despite recent remodels, the 1923 build year suggests potential for underlying infrastructure issues (e.g., plumbing, electrical not fully upgraded) typical of older homes.
Prolonged Market Time & Price Reductions: The property has been on the market since February 2024 with a notable price reduction from $875,000, suggesting challenges in attracting buyers at its perceived value.