1847 S Curson Avenue, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath
ACTIVE UNDER CONTRACT$1,140,000
1847 S Curson Avenue, Los Angeles, California 90019
0Bed
0Bath
1,872Sqft
7,697Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Redevelopment Potential: The property offers significant redevelopment potential with approved building plans for 2 additional ADU units or the opportunity to rebuild 4 new units, maximizing land use and return on investment.
Top Cons:
Age of Existing Structure: Built in 1924, the current duplex is nearly 100 years old, likely requiring extensive modernization, system upgrades, or complete demolition for the proposed redevelopment.
Compared to the nearby listings
Price:$1.14M vs avg $1.15M ($-10,000)46%
Size:1,872 sqft vs avg 3,386 sqft15%
Price/sqft:$609 vs avg $45585%
More Insights
Built in 1924 (101 years old).
Condition: Built in 1924, this property is nearly 100 years old with no indication of major renovations in the past 50 years. The MLS description explicitly frames it as an 'investment opportunity' for redevelopment, mentioning 'rebuild 4 new units' or 'Building Plans approved for 2 more units (ADUs).' The property analysis highlights the 'Age of Existing Structure' and states it will 'likely requiring extensive modernization, system upgrades, or complete demolition.' The exterior images show a dated and unmaintained building with security bars, consistent with a property whose value lies primarily in its land and redevelopment potential, rather than the existing structure. Without interior photos, it's safe to assume the kitchen and bathrooms are original or very old, requiring complete replacement, aligning with the 'tear-down' criteria where the structure is beyond practical repair for modern living and the value is in the land.
Year Built
1924
Close
-
List price
$1.14M
Original List price
$1.14M
Price/Sqft
$609
HOA
-
Days on market
-
Sold On
-
MLS number
SR25187397
Home ConditionTear down
Features
View-
About this home
Welcome to this investment opportunity to purchase a duplex with large lot (7,695 sqft) in the desirable area in MID-CITY / Los Angeles, this property invites a discerning owner user or an exceptional investment for a Savvy investor with a great opportunity to rebuild 4 new units or the owner has Building Plans approved for 2 more units (ADUs) Both units WILL BE DELIVERY.....VACANT...VACANT
Price History
Date
Event
Price
03/02/07
Sold
$770,000
01/18/05
Sold
$540,000
Condition Rating
Tear down
Built in 1924, this property is nearly 100 years old with no indication of major renovations in the past 50 years. The MLS description explicitly frames it as an 'investment opportunity' for redevelopment, mentioning 'rebuild 4 new units' or 'Building Plans approved for 2 more units (ADUs).' The property analysis highlights the 'Age of Existing Structure' and states it will 'likely requiring extensive modernization, system upgrades, or complete demolition.' The exterior images show a dated and unmaintained building with security bars, consistent with a property whose value lies primarily in its land and redevelopment potential, rather than the existing structure. Without interior photos, it's safe to assume the kitchen and bathrooms are original or very old, requiring complete replacement, aligning with the 'tear-down' criteria where the structure is beyond practical repair for modern living and the value is in the land.
Pros & Cons
Pros
Redevelopment Potential: The property offers significant redevelopment potential with approved building plans for 2 additional ADU units or the opportunity to rebuild 4 new units, maximizing land use and return on investment.
Large Lot Size: A generous 7,697 sqft lot in a desirable urban area provides ample space for expansion and redevelopment, a rare commodity in Mid-City Los Angeles.
Vacant Delivery: Both existing units will be delivered vacant, eliminating tenant relocation complexities and allowing for immediate renovation, redevelopment, or owner-occupancy.
Prime Location: Situated in the highly desirable Mid-City Los Angeles area, ensuring strong rental demand, potential for appreciation, and convenient access to city amenities.
Income-Generating Asset: As an existing duplex, the property already offers a multi-unit income stream foundation, which can be significantly enhanced with the approved expansion.
Cons
Age of Existing Structure: Built in 1924, the current duplex is nearly 100 years old, likely requiring extensive modernization, system upgrades, or complete demolition for the proposed redevelopment.
Significant Capital Investment Required: Beyond the purchase price, the property demands substantial additional capital for the approved ADU construction or a full redevelopment into 4 units, making it a project-intensive investment.
Not Turn-Key: This is an investment and redevelopment opportunity, meaning it is not a ready-to-occupy asset and requires a buyer with the vision, resources, and time to undertake a major construction project.