2007 W 94th Street, Los Angeles, California 90047, Los Angeles, 90047 - 3 bed, 2 bath
ACTIVE$699,500
2007 W 94th Street, Los Angeles, California 90047
3Beds
2Baths
1,498Sqft
5,001Lot
Price Vs. Estimate
The estimated value ($669,610.285) is $29,889.715 (4%) lower than the list price ($699,500). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Potential: The property is explicitly marketed as an 'excellent investment opportunity' with 'fantastic upside in regards to equity and personalization' for buyers with vision.
Top Cons:
Extensive Renovation Required: The property 'does need work' and is presented as a 'project,' indicating that significant financial investment and effort will be required for repairs and upgrades.
Compared to the nearby listings
Price:$699.5K vs avg $720.0K ($-20,500)43%
Size:1,498 sqft vs avg 1,333 sqft69%
Price/sqft:$467 vs avg $53227%
More Insights
Built in 1941 (84 years old).
Condition: Built in 1941, this property explicitly states it 'needs work' and is an 'investment opportunity' for renovation. The images confirm this, showing an extremely outdated kitchen with vintage appliances, old cabinets, and worn flooring. Both bathrooms are also severely dated with old fixtures, tiles, and general wear. Carpets are worn, and light fixtures throughout are old. The property requires substantial repairs and rehabilitation to meet modern living standards, aligning with the 'Poor' condition criteria.
Year Built
1941
Close
-
List price
$700K
Original List price
$700K
Price/Sqft
$467
HOA
-
Days on market
-
Sold On
-
MLS number
SR25207216
Home ConditionPoor
Features
Patio
View-
About this home
Welcome to 2007 W 94th Street, an excellent investment opportunity in one of Los Angeles’ most up-and-coming neighborhoods Gramercy Park. This 3 bed, 2 bath home offers classic charm and endless potential for the buyer with vision. Two car garage with a spacious living room featuring a fireplace and large windows. The property does need work and the currently listed price reflects this as it is listed well below comparable homes making it the perfect chance to customize, renovate, and build equity. The surrounding area is experiencing strong growth with new businesses, updated homes, and increasing community investment. Whether you’re an investor or a homeowner ready to take on a project, this is your opportunity to own in a thriving South LA neighborhood with fantastic upside in regards to equity and personalization. *Some photos have been edited in the front and backyard. Currently there is no landscaping.
Nearby schools
1/10
Manhattan Place Elementary School
Public,•K-5•0.2mi
3/10
La Salle Avenue Elementary School
Public,•K-5•0.6mi
1/10
Century Park Elementary School
Public,•K-5•1.1mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.2mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•1.1mi
1/10
Horace Mann Junior High School
Public,•6-8•1.7mi
2/10
George Washington Preparatory High School
Public,•9-12•1.1mi
2/10
Morningside High School
Public,•9-12•1.4mi
2/10
Inglewood High School
Public,•9-12•2.5mi
9/10
Middle College High School
Public,•9-12•4.2mi
Price History
Date
Event
Price
01/04/71
Sold
$23,000
Condition Rating
Poor
Built in 1941, this property explicitly states it 'needs work' and is an 'investment opportunity' for renovation. The images confirm this, showing an extremely outdated kitchen with vintage appliances, old cabinets, and worn flooring. Both bathrooms are also severely dated with old fixtures, tiles, and general wear. Carpets are worn, and light fixtures throughout are old. The property requires substantial repairs and rehabilitation to meet modern living standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Investment Potential: The property is explicitly marketed as an 'excellent investment opportunity' with 'fantastic upside in regards to equity and personalization' for buyers with vision.
Emerging Neighborhood Growth: Located in Gramercy Park, described as an 'up-and-coming' and 'thriving' South LA neighborhood experiencing 'strong growth with new businesses, updated homes, and increasing community investment'.
Below Market Value Pricing: The property is listed 'well below comparable homes,' offering a significant value proposition and immediate equity-building potential for a buyer willing to renovate.
Classic Architectural Charm: Built in 1941, the home offers 'classic charm' and 'endless potential' for customization, appealing to those looking to restore or modernize a period property.
Functional Core Features: Includes a practical 3-bedroom, 2-bathroom layout, a two-car garage, and a spacious living room with a fireplace and large windows, providing a solid foundation for renovation.
Cons
Extensive Renovation Required: The property 'does need work' and is presented as a 'project,' indicating that significant financial investment and effort will be required for repairs and upgrades.
Lack of Landscaping: Explicitly stated that 'Currently there is no landscaping,' which means additional costs and immediate effort will be needed to establish curb appeal and outdoor living spaces.
Potentially Misleading Imagery: The disclosure that 'Some photos have been edited in the front and backyard' raises concerns about the actual visual condition of these areas, suggesting they may be less appealing than depicted.