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7908 Towne Ave, Los Angeles, CA, 90003

5beds
3baths
1,826sqft
$750,000
$411price/sqft
$5,119/moest. monthly cost
$204,760/yrincome needed

About This Home

*UNFORTUNATELY, AT THIS TIME PROPERTY IS ON HOLD UNTIL AGREEMENT WITH ALL PARTIES ARE REACHED REGARDING THIS SALE* ANY UPDATES REGARDING THIS DECISION WILL BE POSTED HERE ON THE MLS* THANK YOU ALL. This property consists of "TWO (2) INDIVIDUAL HOUSE UNITS ON THIS LOT", the smaller house on the corner of 79th & Towne is a fixer, vacant, and needs repairs. Title report says 4 bedrooms, 2 bathrooms; however, property presently shows 5 bedrooms, 3 bathrooms total. This entire property is being 'SOLD AS-IS" in IT'S PRESENT CONDITION WITH "NO FURTHER WARRANTIES AND/OR GUARANTEES OF ANY KIND RELATING TO CITY/COUNTY REPAIR REQUIREMENTS, PROPERTY SQUARE FOOTAGES, OR ANY OTHER KIND OF PROPERTY PROSPECTIVES". THIS HAS NO RESPONSIBILITY HELD UPON OR AGAINST THE OWNER(S), AND/OR THEIR LISTING BROKER/AGENT(S) AT ALL. Buyer(s) and their Broker and/or Agent(s) are to do their due diligence in researching All details regarding this property before making an offer to purchase. The tenant(s) own all of their appliances, and "Will Remain As Residing Tenant(s)", with property being for sale and sold. No Eviction Will Be Done By The Sellers! PLEASE DO NOT DISTURB THE TENANT(S) AT ALL & PLEASE DRIVE BY ONLY, & CALL ME (SEE AGENT REMARKS) for viewing appointments. Escrow time may be extended due to the trust clarification process. There Are No Lockboxes At All For Entry Access. "Seller Has Selection Of ALL Services". ** Properties For Sale Also Are: 8021 Towne Avenue, MLS #24-378467 And Vacant Land Lot APN; 6030-020-021, MLS #24-378471** Thank You All For Your Inquiries And Have An Excellent Day

Getting Around

65
WalkingSomewhat Walkable
60
TransitGood Transit
66
BikeBikeable

Schools

Construction

Condition

  • Property condition: Fixer
  • Year built: 1931

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Disposal,Dryer,Gas Water Heater,Water Heater Unit
  • Laundry features: In Garage

Bathroom

  • Features: Shower Over Tub

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3

Features

  • Flooring: Mixed
  • Fireplace features: None

Heating & Cooling

  • Heating features: Wall
  • Cooling features: None

Interior Area

  • Total structure area: 1,826
  • Total interior livable area: 1,826 sqft

Property

Details

  • Parcel number: 6030033027
  • Zoning: LAR2
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Fencing: Fenced Yard,Fenced
  • Has view: Yes
  • View description: None
  • Waterfront features: None

Lot

  • Lot size: 6,865 sqft
  • Features: Front Yard,Back Yard,Curbs,Lawn,Sidewalks,Single Lot,Lot-Level/Flat,Street Lighting,Corner Lot,City Lot

Parking

  • Total spaces: 4
  • Parking features: Garage - 1 Car,Garage - 2 Car,Garage Is Detached
  • Has garage: Yes
  • Covered spaces: 3
  • Has uncovered spaces: Yes
  • Uncovered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Wildfire

FEMA Declared Disasters in Los Angeles County and California

Earthquake
Fire
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,792$45,504
Home Insurance *$147$1,764
Property Taxes $782$9,384
Electricity $398$4,786
Total$5,119$61,428
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$175,508/yr
40% on housing$153,570/yr
45% on housing$136,506/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$411This listing

vs Other Active Listings

Avg $/sqft

ZIP 90003$339
Los Angeles County$602

vs Homes Sold Last Month

Median $/sqft

ZIP 90003$502
Los Angeles County$610

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2024-08-11Listed for sale$750,000
2024-06-12Listing removed--
2024-04-16Price change$750,000
2024-02-26Price change$790,000
2024-01-07Listed for sale$845,000

For Sale by Agent

AgentCrystal Lee
BrokerageCrystal Lee, Broker

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