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Sold for $600,000
  • Listed by: The Network Agency • Sean Najera • Contact: 909-938-6303
    Bought with: THE NETWORK AGENCY
    $600,000

    720 Penrith Dr, Los Angeles, CA 90023

    3beds
    1,385sqft
    Single Family Residence
    Built in 1924
    4,965 Square Feet Lot
    $735,900 Zestimate®
    $433/sqft
    $3,129 Estimated rent

    Home value

    $735,900

    $684,000 - $787,000

    $3,129/mo

    Zestimate® history
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    $3,847/mo

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    What's special

    Welcome to 720 Penrith! A remarkable opportunity nestled in a prime location that beckons investors and visionaries alike. Boasting over 1,300 square feet of living space, this unique property offers a versatile layout designed for modern living or savvy investment. At its core, this home presents two comfortable bedrooms and one bathroom, complemented by a spacious living area that harmoniously blends function and comfort. Part of the living space has been partitioned, introducing an additional one bedroom and bathroom with a separate entrance. This thoughtful configuration shows the property's potential but also offers the flexibility to cater to a variety of living arrangements or rental opportunities. Step outside to discover a detached garage, an exceptional feature that holds the promise of transformation into an Accessory Dwelling Unit (ADU) or recreational office space. This space is ripe for development into a private residence or rental unit, further enhancing the property's value and appeal. Located in a vibrant neighborhood of Los Angeles, 720 Penrith is strategically positioned close to key freeways, providing effortless access to the city's endless offerings. This property is a stone's throw away from local attractions and points of interest, making it a highly desirable spot for both residents and investors. The convenience of nearby transport links, shopping, dining, and entertainment options adds to the allure of this captivating property. Moreover, the historic Whittier Boulevard is just around the corner, offering markets, services, and truly excellent tacos, ensuring a local experience rich in culture and convenience. For those looking to immerse themselves in the city's dynamic culture, crossing the nearby Sixth Street Viaduct leads directly to the happening Arts District, where coffee, dining, boutiques, galleries, and nightlife are all mere minutes away, offering an array of activities to enrich your lifestyle. This property is not just a home; it's an investment in potential. It presents a canvas awaiting the creative touch of an investor keen to realize its full potential. Whether you're looking to renovate, rent, or reimagine, 720 Penrith offers an unparalleled opportunity to make a mark in one of Los Angeles's sought-after neighborhoods. Embrace the opportunity to be part of a community where tradition meets modern living, and where every day brings a new discovery. Don't miss out on this exceptional investment opportunity.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sean Najera DRE #01909565 9099386303,

    The Network Agency

    Bought with:

    Michael Najera, DRE #02136041

    THE NETWORK AGENCY

    Seira Vong, DRE #02230857

    The Network Agency

    Source: CRMLS,MLS#: OC24059373MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 3
    Rooms
    • Room types: Family Room, Kitchen
    Cooling
    • Central Air, See Remarks
    Appliances
    • Laundry: Inside
    Features
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,385 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Main - Front
    • Patio & porch: Front Porch
    • Pool features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 4,965 Square Feet
    • Features: Back Yard, Front Yard
    Details
    • Parcel number: 5185029006
    • Zoning: LAR2
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1924

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Suburban, Sidewalks
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $433/sqft
    • Tax assessed value: $612,000
    • Annual tax amount: $7,608
    • Date on market: 3/27/2024
    • Cumulative days on market: 6 days
    • Listing terms: Cash,Submit

    Price history

    DateEventPrice
    5/19/2026Listing removed$3,050$2/sqft
    Source: Zillow Rentals Report a problem
    5/8/2026Listed for rent$3,050$2/sqft
    Source: Zillow Rentals Report a problem
    4/11/2024Sold$600,000+9.1%$433/sqft
    Source: CRMLS #OC24059373 Report a problem
    4/4/2024Pending sale$549,900$397/sqft
    Source: CRMLS #OC24059373 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,608 +245.1%$612,000 +274.9%
    2024$2,204 +2.5%$163,258 +2%
    2023$2,151 +4.6%$160,057 +2%
    2022$2,056 +1.6%$156,919 +2%
    2021$2,024 -0.7%$153,843 +1%
    2020$2,039 $152,266 +2%
    2019$2,039 +9.1%$149,281 +2%
    2018$1,869 $146,354 +2%
    2017$1,869 +2.3%$143,485 +2%
    2016$1,827 +3.2%$140,672 +1.5%
    2015$1,771 +0.7%$138,560 +2%
    2014$1,759 $135,847 +2.5%
    2012-- $132,583 +2%
    2011-- $129,984 +0.8%
    2010-- $129,013 -0.2%
    2009-- $129,320 +2%
    2008-- $126,785 +2%
    2007-- $124,300 +2%
    2006-- $121,863
    2005-- $121,863 +4%
    2004-- $117,133 +1.9%
    2003-- $114,987 +2%
    2002-- $112,733 +4%
    2000-- $108,358
    Find assessor info on the county website

    Neighborhood: Boyle Heights

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $735,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $735,900