1523 Marsden St

• Updated Kitchen: Modern stainless steel appliances and granite countertops add approximately $10,000 in value. • Hardwood Flooring: Adds warmth and value, estimated at $5,000. • Large Deck: Outdoor living space with views, adding approximately $7,000 in value. • Updated Kitchen • Hardwood Flooring • Large Deck • Hillside Location • Updated Bathrooms • Price Position: At $936.27/sqft, the property's price per square foot is relatively high. Without comparable sales data, it's difficult to assess if this is justified by the property's features and location. • Appreciation Trend: The property sold for $315,000 in 2002 and is now listed for $999,000, representing significant appreciation over the past 23 years. However, this doesn't reflect recent market trends. • Investment Opportunity: After $3,000 in renovations, potential $33,000 equity gain (1100.0% ROI) • Rental Income: $2,888/month with 99% occupancy (0.0% cap rate) • Safety: Compared to state averages, violent crime is significantly lower (-52.5%), and property crime is also lower (-13.9%). Compared to national averages, violent crime is significantly lower (-56.5%), but property crime is slightly higher (3.3%). • Future Development: The property description mentions proximity to vibrant Echo Park retail, restaurant, and shopping venues, suggesting ongoing commercial development and investment in the area. However, no specific planned developments are detailed. • The property appears to have good natural light, especially in the living areas and on the deck. • The layout appears functional with good flow between the living room, dining area, and kitchen. The outdoor deck provides additional living space.