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Here’s what $480K buys in Los Angeles

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Options include two fixer-uppers and two finished condos

Via Ken Conant, Re/Max Estate Properties
City Terrace

This week kicks off with a diamond in the very rough. The Spanish-style with a tower could be restored to its 1920 glory, but it will take a brave buyer. The listing notes to “enter at your own risk,” due to cracks, collapsed stairs, and uneven floors. A visionary bold enough to tackle the project will likely see the potential in the 2,634-square-foot residence’s size and its former charm, including a curvaceous breakfast nook, living room with a barrel ceiling and picture window with sweeping views, and wrought iron detailing on the exterior. In all, it holds four bedrooms and two baths across two levels on a 5,708-square-foot lot. It’s accepting back-up offers at $499,000.

Photos by Charmaine David, courtesy of Tracy Do

Here’s a pad that’s already well-polished. The move-in ready condo has one bedroom and one bathroom in 700 square feet. Features include tall ceilings, new laminate floors, large windows, and an open floor plan with a contemporary kitchen outfitted with stainless steel appliances, granite countertops, and an island. The unit also has central heat and air, in-unit washer and dryer, and one parking space. Counted among the building amenities are a 24/7 doorman, gym, and courtyard. Located at Sixth and Hope streets, the asking price has been reduced to $488,000. HOA dues will set you back $608 per month.

Via Capital Real Estate
San Pedro

Here’s another fixer. The turn-of-the-century residence is nearly 120 years old and has Craftsman and Victorian-style influences. It still has its original hardwood floors, along with period built-ins and moldings. Coming in at 1,710 square feet, it contains one bedroom and two bathrooms, but there’s an attic that could be used as living space as well. With a front porch and curb appeal, it sits on a 4,500-square-foot lot with R2 zoning. It’s listed at $480,000.

Via K & K Realty Group, Inc.
Vermont Knolls

In South LA, on a street populated with pretty Spanish-style homes, this three-bedroom dwelling has a slightly more modern look on the exterior. Inside, the living room is a stunner, with arched nooks, wrought-iron light fixtures, a striking fireplace with tile detailing, and exposed beams. The lone bathroom retains its original purple tilework. Upgrades include refinished hardwood floors, new windows, new roof, and new plumbing. The 1,427-square-foot home is positioned on a lot measuring 4,078 square feet; it also holds a detached two-car garage. The asking price is $490,000.

Via Keller Williams

This newly remodeled condo comes in at 1,135 square feet, holding two bedrooms and two bathrooms—including a master suite with a walk-in closet—plus a generously-sized covered balcony. There’s plenty of room in the kitchen and living room areas for a little office set-up, additional pantry storage, and a dining table. Located off Del Mar and Sierra Madre boulevards in a complex constructed in the 1970s, it’s about 1.5 miles to the Gold Line’s Allen Station, Pasadena Pizza Co., and Jameson Brown Coffee Roasters and less than 2 miles from the Huntington Library and Gardens. It’s listed at $490,000, with monthly HOA fees of $410.


Which home would you buy?

This poll is closed

  • 13%
    City Terrace
    (220 votes)
  • 15%
    (251 votes)
  • 12%
    San Pedro
    (201 votes)
  • 20%
    South LA
    (349 votes)
  • 38%
    (649 votes)
1670 votes total Vote Now