Realkey.ai
RealKey
‪(213) 433-7766‬

2007 W 94th Street, Los Angeles, California 90047, Los Angeles, 90047 - 3 bed, 2 bath

2007 W 94th Street, Los Angeles, California 90047 home-pic-0
ACTIVE$615,000$1,498/sqft
Est. Value: $638,957
3%
BelowEstimate
2007 W 94th Street, Los Angeles, California 90047
3Beds
2Baths
1,498Sqft
5,001Lot

Price Vs. Estimate

The estimated value ($638,956.77) is $23,956.77 (3%) higher than the list price ($615,000). This property may be underpriced.

Key pros and cons

Top Pros:
Great Schools: High School: Middle College High School (9/10).
Top Cons:
Extensive Renovation Required: The property 'needs work' and is presented as a 'project,' indicating a significant financial and time commitment for renovation beyond the purchase price.

Compared to the nearby listings

Price:$615.0K vs avg $725.0K ($-110,000)23%
Size:1,498 sqft vs avg 1,377 sqft67%
Price/sqft:$411 vs avg $51714%

More Insights

Built in 1941 (85 years old).
Condition: Built in 1941, this property requires substantial repairs and rehabilitation. The kitchen features extremely outdated appliances, tiled countertops, and worn flooring, necessitating a full renovation. Both bathrooms are also severely dated with old fixtures, tiles, and vanities. Interior spaces have worn carpets, dated light fixtures, and show general wear and tear. The listing explicitly states the property 'needs work' and is a 'project,' indicating significant investment is required to bring it to modern standards.
Year Built
1941
Close
-
List price
$615K
Original List price
$615K
Price/Sqft
$411
HOA
-
Days on market
-
Sold On
-
MLS number
SR26003332
Home ConditionPoor
Features
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.

J
Jonathan Cisneros
Listing Agent

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 requires substantial repairs and rehabilitation. The kitchen features extremely outdated appliances, tiled countertops, and worn flooring, necessitating a full renovation. Both bathrooms are also severely dated with old fixtures, tiles, and vanities. Interior spaces have worn carpets, dated light fixtures, and show general wear and tear. The listing explicitly states the property 'needs work' and is a 'project,' indicating significant investment is required to bring it to modern standards.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Significant Investment & Equity Potential: Explicitly marketed as an 'excellent investment opportunity' with 'fantastic upside in regards to equity and personalization,' and priced 'well below comparable homes.'
Emerging Neighborhood Growth: Situated in Gramercy Park, an 'up-and-coming neighborhood' experiencing 'strong growth with new businesses, updated homes, and increasing community investment.'
Customization & Renovation Opportunity: The property's current condition allows for 'customization, renovation,' appealing to buyers seeking to personalize and add significant value.
Desirable Structural Features: Includes a valuable 'two-car garage,' a 'spacious living room featuring a fireplace and large windows,' adding to its functional and aesthetic appeal.
Classic Architectural Charm: Built in 1941, the home offers 'classic charm,' providing a solid foundation for a character-rich renovation project.

Cons

Extensive Renovation Required: The property 'needs work' and is presented as a 'project,' indicating a significant financial and time commitment for renovation beyond the purchase price.
Lack of Landscaping: The exterior 'currently there is no landscaping,' which detracts from curb appeal and requires immediate investment to enhance.
Potentially Misleading Marketing Images: The disclosure '*Some photos have been edited in the front and backyard' suggests that the visual representation may not accurately reflect the current state of the property.
Browse Properties by State Browse housing market trends by state