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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: $638,408
3%
BelowEstimate
2007 W 94th Street, Los Angeles, California 90047
3Beds
2Baths
1,498Sqft
5,001Lot

Price Vs. Estimate

The estimated value ($638,408.225) is $23,408.225 (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:
Requires Extensive Renovation: The property explicitly 'needs work,' indicating a significant investment of time and capital will be required for updates and repairs.

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 explicitly states it 'needs work' and is an 'investment opportunity' for renovation. The images confirm this, showing severely outdated kitchens with old appliances, tile countertops, and worn flooring, along with bathrooms featuring vintage fixtures, pink/red tiles, and older sinks. Flooring throughout consists of worn carpets and old vinyl. The overall condition indicates a need for substantial repairs and rehabilitation to meet modern standards, aligning with a property built over 30 years ago with no major renovations in the last 30-50 years.
Year Built
1941
Close
-
List price
$615K
Original List price
$615K
Price/Sqft
$411
HOA
-
Days on market
-
Sold On
-
MLS number
SR26006066
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 explicitly states it 'needs work' and is an 'investment opportunity' for renovation. The images confirm this, showing severely outdated kitchens with old appliances, tile countertops, and worn flooring, along with bathrooms featuring vintage fixtures, pink/red tiles, and older sinks. Flooring throughout consists of worn carpets and old vinyl. The overall condition indicates a need for substantial repairs and rehabilitation to meet modern standards, aligning with a property built over 30 years ago with no major renovations in the last 30-50 years.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
High Investment Potential: Explicitly marketed as an excellent investment opportunity with significant equity-building potential due to its current pricing and customization options.
Thriving Neighborhood Growth: Located in Gramercy Park, an 'up-and-coming' area experiencing strong growth, new businesses, and community investment, promising future appreciation.
Attractive Entry Price: Listed 'well below comparable homes,' offering a competitive entry point for buyers willing to undertake renovations.
Customization & Personalization Opportunity: The need for work presents a unique chance for buyers to renovate and customize the home to their exact preferences and build equity.
Desirable Core Features: Includes a two-car garage, a spacious living room with a fireplace, and large windows, providing a solid foundation for renovation.

Cons

Requires Extensive Renovation: The property explicitly 'needs work,' indicating a significant investment of time and capital will be required for updates and repairs.
Lack of Landscaping: The absence of current landscaping means additional immediate costs and effort for exterior beautification and curb appeal.
Potentially Misleading Photos: The disclosure that 'some photos have been edited in the front and backyard' could raise concerns about the true condition of the exterior and transparency.
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