9027 Menlo Avenue, Los Angeles, California 90044, Los Angeles, 90044 - 4 bed, 1 bath
ACTIVE$700,000
9027 Menlo Avenue, Los Angeles, California 90044
4Beds
1Bath
1,450Sqft
5,092Lot
Year Built
1929
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$483
HOA
-
Days on market
-
Sold On
-
MLS number
DW25099583
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 45% below the list price. We found 3 Cons,6 Pros. Rank: price - $700.0K(60th), sqft - 1450(63th), beds - 4(85th), baths - 1(38th).
Nearby schools
/10
Danny J. Bakewell, Sr., Primary Center
Public,•K•0.4mi
4/10
Manchester Avenue Elementary School
Public,•1-6•0.4mi
3/10
Ninety-Fifth Street Elementary School
Public,•K-5•0.5mi
4/10
Charles W. Barrett Elementary School
Public,•K-5•0.8mi
2/10
Dr. Owen Lloyd Knox Elementary School
Public,•K-6•1.0mi
5/10
Woodcrest Elementary School
Public,•K-5•1.2mi
5/10
Figueroa Street Elementary School
Public,•K-5•1.4mi
3/10
West Athens Elementary School
Public,•K-5•2.0mi
5/10
One Hundred Eighteenth Street School
Public,•K-5•2.2mi
2/10
Bret Harte Preparatory Middle School
Public,•6-8•0.3mi
2/10
Samuel Gompers Middle School
Public,•6-8•1.7mi
2/10
Mary Mcleod Bethune Middle School
Public,•6-8•1.9mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.6mi
9/10
Middle College High School
Public,•9-12•3.1mi
Price History
Date
Event
Price
03/16/22
Sold
$570,000
12/31/20
Sold
$350,000
06/20/97
Sold
$105,000
06/06/97
Sold
$78,000
Condition Rating
Poor
Built in 1929, this property is over 90 years old with no mention of recent major renovations in the listing description. The single exterior image shows clear signs of deferred maintenance, including peeling paint and an unkempt yard. A significant functional deficiency is the single bathroom for four bedrooms, which indicates an outdated layout and likely very dated interior fixtures and finishes. The property analysis explicitly notes 'Potential for Outdated Systems' and an 'Aggressive Pricing Relative to Condition & Comps' implying its un-renovated state. This suggests substantial repairs and rehabilitation are required, including likely extensive system replacements, making it uncomfortable to live in its current state without significant investment.
Pros & Cons
Pros
Great Schools: High School: Middle College High School (9/10).
Generous Bedroom Count: Four bedrooms provide ample living space, catering to larger families or those requiring home office/guest room flexibility, a strong asset in the current market.
Desirable Lot Size: The 5,092 sqft lot offers significant outdoor potential for landscaping, entertaining, or future expansion opportunities like an ADU, enhancing property value.
Historic Architectural Appeal: Built in 1929, the property likely possesses classic architectural details and character, appealing to buyers seeking homes with unique charm and a sense of history.
Strategic Los Angeles Location: Situated in Los Angeles 90044, the property benefits from proximity to urban amenities, employment hubs, and major transportation routes, as evidenced by nearby comparable sales.
Recent Market Appreciation: The property's last sale in March 2022 at $570,000 indicates a history of value growth, suggesting a potentially appreciating asset in the long term.
Cons
Inadequate Bathroom-to-Bedroom Ratio: With only one bathroom for four bedrooms, the property presents a significant functional deficiency that will likely require immediate renovation and investment from a new owner to meet modern living standards.
Aggressive Pricing Relative to Condition & Comps: The $700,000 list price appears ambitious, especially given the property's low estimation value and the fact that many similarly priced or higher-priced comparable sales are explicitly described as 'fully remodeled' or 'newly renovated' with more bathrooms. This suggests the subject property may be overpriced for its current, likely un-renovated state.
Potential for Outdated Systems: As a 1929 build without explicit mention of recent system upgrades (e.g., plumbing, electrical, HVAC), the property likely carries the risk of outdated infrastructure, potentially leading to significant repair or replacement costs for a new owner.