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490 Solano Ave, Los Angeles, CA 90012

Sale Price: $700,000
Jun 27, 20241,876 sqft3 beds2 baths
Listed by: LINDY FONG
License #: 01207239
Phone #: 626-618-0590
TRANSPAC INVESTMENT CO.
Source:
CRMLS Logo
MLS #: WS24129353

Property Description

Great investment opportunity within the Elysian Park’s historic Solano Canyon, conveniently located just south of Dodger Stadium, east of China town and north of Downtown. You are greeted with a view of Buena Vista Hill from the front porch entrance which leads into the main floor to a welcoming foyer. This 3-bedrooms 1 ½ bath is situated about a block from L.A. Historic Park, Solano Community Garden, Solano Avenue Elementary School, the L.A. River, and the 110 freeway on ramp. The home features a formal living and dining room, family room for entertainment, a kitchen, laundry area and a ½ bath at the end of the main floor hallway. The stairway to the 2nd level leads to 3 bedrooms and a full bath. (tax record shows 1 full bath) No off-street parking however, this is a great opportunity to turn this excellent R2 zoned 5,837 sq ft lot into a great investment property. Property is sold as-is condition. Seller will not provide any repairs. Property will not qualify for standard conventional loan. This is a probate sale, no court confirmation required. The seller will entertain all offers. All information is deemed accurate and to the best of the seller’s knowledge. The buyer and buyer’s agent do your diligently to verify all information.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$9,585

TurboHome Estimated Value

$719,500

$384 sqft

High Valuation
$755,475
$403/sqft
Normal Valuation
$719,500
$384/sqft
Low Valuation
$683,525
$364/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$384/sqft$719,500

Neighborhood: Chinatown

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Comparative Value

$700K

$745K

$800K

$901K

$970K

$985K

490 Solano Ave, Los Angeles, CA 90012

Sale Price: $700,000

Selected Comparable

164 N Avenue 25, Los Angeles, CA 90031

Sale Price: $745,000

Selected Comparable

490 Solano Ave, Los Angeles, CA 90012

List Price: $800,000

Subject Property

2245 Fernleaf St, Los Angeles, CA 90031

Sale Price: $901,000

Selected Comparable

3526 Griffin Ave, Los Angeles, CA 90031

Sale Price: $970,000

Selected Comparable

2852 Griffin Ave, Los Angeles, CA 90031

Sale Price: $985,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
490 Solano Ave, Los Angeles, CA 90012

490 Solano Ave, Los Angeles, CA 90012

List: $800,000

Listed: 6/27/2024

Area:1,876 sqft
Price/sqft:$426
Beds:3
Baths:2
Year Built:
Lot Size:5,837

Comparable Properties

COMPARABLE
Choose comps
490 Solano Ave, Los Angeles, CA 90012

490 Solano Ave, Los Angeles, CA 90012

Sale: $700,000

8/26/20240.00 mi

Area:1,876 sqft
Price/sqft:$373
Beds:3
Baths:2
Year Built:
Weight:24.5%
3526 Griffin Ave, Los Angeles, CA 90031

3526 Griffin Ave, Los Angeles, CA 90031

Sale: $970,000

7/25/20251.48 mi

Area:1,685 sqft
Price/sqft:$576
Beds:3
Baths:3
Year Built:
Weight:20.3%
164 N Avenue 25, Los Angeles, CA 90031

164 N Avenue 25, Los Angeles, CA 90031

Sale: $745,000

4/24/20250.85 mi

Area:1,936 sqft
Price/sqft:$385
Beds:4
Baths:2
Year Built:
Weight:19.5%
2852 Griffin Ave, Los Angeles, CA 90031

2852 Griffin Ave, Los Angeles, CA 90031

Sale: $985,000

1/23/20251.24 mi

Area:1,705 sqft
Price/sqft:$578
Beds:3
Baths:3
Year Built:
Weight:18.2%
2245 Fernleaf St, Los Angeles, CA 90031

2245 Fernleaf St, Los Angeles, CA 90031

Sale: $901,000

3/19/20250.97 mi

Area:1,645 sqft
Price/sqft:$548
Beds:2
Baths:2
Year Built:
Weight:17.4%

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