923 S Alma Avenue, Los Angeles, California 90023, Los Angeles, 90023 - 2 bed, 1 bath
ACTIVE$455,000
923 S Alma Avenue, Los Angeles, California 90023
2Beds
1Bath
729Sqft
1,532Lot
Year Built
1990
Close
-
List price
$455K
Original List price
$455K
Price/Sqft
$624
HOA
-
Days on market
-
Sold On
-
MLS number
RS24141643
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $455.0K(14th), sqft - 729(5th), beds - 2(27th), baths - 1(50th).
Property was remodel back in 1990. We are looking for a cash buyer and buyer is to buy both properties. 923 S. Alma Ave this one faces Alma Ave
Condition Rating
Fair
The property was built and last remodeled in 1990, making it 34 years old with no major renovations since construction. The kitchen features dated white appliances, laminate countertops, and an old fluorescent light fixture. The bathroom also appears very dated with an older vanity and lighting. Carpets in bedrooms show wear. While functional, the property requires significant cosmetic and functional updates to meet current standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Desirable Market Location: Located in Los Angeles, California, a highly sought-after and competitive real estate market with strong appreciation potential.
Single-Family Residence: The property is a single-family residence, offering privacy and land ownership, which is generally preferred by many buyers over multi-family units.
Entry-Level Price Point: At $455,000, this property presents a potentially accessible entry point into the Los Angeles single-family home market for certain buyers or investors.
Investment/Development Opportunity: The requirement to purchase both properties could appeal to specific investors looking for a larger project, potential for future development, or a portfolio addition.
Street Frontage: The property faces Alma Avenue, providing direct street access and visibility, which can be beneficial for accessibility and curb appeal.
Cons
Highly Restrictive Sale Terms: The requirement for a cash buyer and the mandatory purchase of an additional property significantly limits the pool of potential buyers and complicates financing.
Dated Interior & Systems: The last remodel was in 1990, indicating that the property's interior finishes, fixtures, and potentially some major systems are over three decades old and likely require substantial modernization.
Compact Living Area: With only 729 sqft, the property offers a relatively small living footprint, which may limit its appeal to buyers seeking more spacious accommodations or room for expansion.