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$626,532
Est. $2,511/mo savings
6 Beds2 Baths1,716 Sqft

424 E 131st St, Los Angeles, CA, 90061

Overview

This Single Family Residence is located at 424 E 131St St, Los Angeles, CA. The estimated value of this home is currently priced at 626,532, approximately $365.11 per square foot. This property was originally built in 1939. 424 E 131St St is within the school district Compton Unified School District with nearby schools including McKinley Elementary School, Vanguard Learning Center, and Centennial High School.

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424 E 131st St
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Currently Viewing This Home
Est: $626,532
$365/Sqft
6 Bedrooms
2 Bathrooms
1716 Sqft
5119 Acre(s)
Built 1939
$679,000
$279/Sqft
6 Bedrooms
4 Bathrooms
2426 Sqft
0.13 Acre(s)
Built 1927
$520,250
$191/Sqft
8 Bedrooms
4 Bathrooms
2712 Sqft
0.13 Acre(s)
Built 1969
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Multi Family For Sale

This property is in initial default, also known as Pre-Foreclosure. The homeowner of this property has missed at least one payment and is now considered delinquent. In order to avoid a full foreclosure, the homeowner may be willing to sell this home at an attractive price. No asking price is posted on Pre-Foreclosures because these properties are not formally listed on the market for sale yet. Instead, the original loan balance is presented. Use this amount, along with local sale price comparables to establish a reasonable offer on this home.

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Multi Family For Sale

This property is in initial default, also known as Pre-Foreclosure. The homeowner of this property has missed at least one payment and is now considered delinquent. In order to avoid a full foreclosure, the homeowner may be willing to sell this home at an attractive price. No asking price is posted on Pre-Foreclosures because these properties are not formally listed on the market for sale yet. Instead, the original loan balance is presented. Use this amount, along with local sale price comparables to establish a reasonable offer on this home.

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This home is located at 435 437 W 102nd St Los Angeles, CA 90003 US and has been listed on Homes.com since 5 July 2020 and is currently priced at $589,000, approximately $311 per square foot. This property was built in 1926. 435 437 W 102nd St is within the school district(s) Los Angeles Unified School District with nearby schools including Charles W Barrett Elementary School, Bret Harte Preparatory Middle School, and Alliance Judy Ivie Burton Technology Academy High School. Similar properties nearby are <a href="/property/los-angeles-ca-90047/id-100009524180/">2103 W 73rd St</a>, <a href="/property/353-e-118th-st-los-angeles-ca-90061/id-100006694940/">353 E 118th St</a>, 437 W 102nd St #435, <a href="/property/9211-s-central-ave-los-angeles-ca-90002/id-100013441505/">9211 S Central Ave</a>, <a href="/property/10952-wilmington-ave-los-angeles-ca-90059/id-100014741780/">10952 Wilmington Ave</a>, <a href="/property/10839-weigand-ave-los-angeles-ca-90059/id-100010271436/">10839 Weigand Ave</a>, <a href="/property/1318-e-59th-pl-los-angeles-ca-90001/id-100006647833/">1318 E 59th Pl</a>, <a href="/property/1759-firestone-blvd-los-angeles-ca-90001/id-100006660939/">1759 Firestone Blvd</a>, <a href="/property/los-angeles-ca-90003/id-100009533408/">117 W 74th St</a>, and <a href="/property/los-angeles-ca-90001/id-100009519077/">1168 E 70th St</a>.

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HUGE PRICE REDUCTION!!! Great Opportunity! This Single Family Home sits on an R2 Zoned lot, conversion to a duplex has been 90% complete. City has already approved plans for the conversion (Buyers to verify all information). Tax records show 6 beds 2 baths but there are actually 8 beds and 4 baths. Unit -1 has 4bedrooms/2baths downstairs, Unit-2 has 4bedrooms/2baths upstairs. Bottom 4/2 unit has garage with washer/dryer Hookups and Upstairs 4/2 unit has separate off street parking. This property has tons of UPSIDE potential as an investment or for anyone looking to call this place home and rent second Unit. Currently renting for $4,500 per month. Seller has already done due diligence to introduce plans and verified that Zoning is doable. Structurally, the property is prepped for Duplex. Seller has Schematics, Sq Ft Approval, and Planner Contractor to finalize. Seller willing to forfeit Planners information and contractor agreement with an accepted offer. Seller advises NO issues, NO citations, No red flags from city. Instant Increase in Equity and Cash-Flow upon duplex conversion!!! With this much upside potential, this property will be a major benefit to anyone's portfolio, or a great first step for the next homeowner. Property was renovated in late 2016 with tank-less water heater, upgraded plumbing, and upgraded bathrooms. MOTIVATED SELLER!!!! DON'T MISS THIS ONE!!!

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Home Values in Los Angeles, CA

There are currently 37 properties with a median home value on E 131st St of $399,700, $226,832 less than this home. The median list price per square foot on E 131st St is $330, $13 more than this home. Of the total homes on E 131st St, 95% are For Sale, 5% are For Rent, and 68% are Single Family Homes. Interested in knowing how much your home on E 131st St is worth? The Homes.com Automated Valuation Model (AVM) provides an estimate of the home value of every on and off market property in the US.

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