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
RS25125453
Home ConditionPoor
Features
View-
About this home
Great Deal:The estimated price is 6% above the list price. We found 3 Cons,5 Pros. Rank: price - $455.0K(13th), sqft - 729(4th), beds - 2(26th), baths - 1(50th).
Property was remodel back in 1990. We are looking for a buyer to buy both properties. 923 S. Alma Ave this one faces Alma Ave
Price History
Date
Event
Price
06/04/25
Listing
$455,000
Condition Rating
Poor
The property was built in 1990 and, according to the description, was 'remodel back in 1990,' indicating the last significant update was 34 years ago. This aligns with the 'Poor' criteria for properties renovated between 30 to 50 years ago. The kitchen features very dated white appliances, flat-panel cabinets, and laminate countertops, requiring substantial rehabilitation. The bathroom also appears very dated with an older vanity and fixtures. Heating is provided by wall-mounted units, suggesting a lack of central HVAC, which is a significant outdated system. While interior flooring and paint appear to be more recent cosmetic updates, the core components and systems are significantly aged and require extensive modernization to meet current standards. The exterior stairs also show noticeable wear and rust.
Pros & Cons
Pros
Prime Los Angeles Location: Situated in Los Angeles, California 90023, this property benefits from a highly desirable urban market with strong demand and potential for appreciation.
Accessible Price Point: At $455,000, this single-family residence offers a relatively affordable entry point into the Los Angeles real estate market, potentially attracting first-time homebuyers or investors.
Single-Family Home Status: As a single-family residence, it provides the highly valued benefits of land ownership, privacy, and no HOA fees, which are significant advantages in an urban environment.
Investment/Development Potential: The listing explicitly states a desire to sell 'both properties,' indicating a unique opportunity for investors or developers to acquire adjacent parcels for a larger project or multi-unit investment.
Manageable Size: With 729 sqft, the property is compact and potentially easy to maintain, appealing to small households, individuals, or as a low-maintenance rental unit.
Cons
Outdated Condition / Age of Remodel: The property was last remodeled in 1990, meaning it is 34 years since the last update, suggesting significant modernization and capital investment will likely be required to meet current buyer expectations.
Requirement to Purchase Multiple Properties: The stated condition of 'looking for a buyer to buy both properties' severely restricts the potential buyer pool, as most buyers are seeking a single property, complicating the sales process.
Limited Square Footage: At 729 sqft, the home is quite small for a single-family residence, which may limit its appeal to families or buyers desiring more expansive living space.