2049 W 71st Street, Los Angeles, California 90047, Los Angeles, 90047 - 3 bed, 2 bath
2049 W 71st Street
Los Angeles, California 90047
Property Price
SUMMARY
Analysis of 2049 W 71st Street, Los Angeles, California 90047 reveals a Prime Investment Opportunity with a current list price of $779,800—significantly undercutting the $808,433 Fair Market Value by 3%. This valuation gap indicates a +$28,633 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2049 W 71st Street Subject | $779,800* List Price | 3 | 2 | 1,446 | $559 | - |
A 6515 Cimarron Sold | $830,000 | 3 | 2 | 1,450 | $572 | 0.3 mi |
B 6119 Haas Sold | $834,000 | 3 | 3 | 1,303 | $640 | 0.6 mi |
C 6239 Cimarron Sold | $815,000 | 3 | 2 | 1,344 | $606 | 0.5 mi |
D 2027 W 70th Street Sold | $634,500 | 3 | 2 | 1,425 | $445 | 0.1 mi |
E 1849 W 66th Street Sold | $755,000 | 3 | 2 | 1,316 | $574 | 0.4 mi |
F 1941 W 68th Street Sold | $764,999 | 2 | 2 | 1,520 | $503 | 0.2 mi |
G 7037 Cimarron Street Active | $799,999 List Price | 3 | 2 | 1,410 | $567 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-quality renovation that brings this 1929 home to modern standards. The kitchen is fully updated with new shaker cabinetry, quartz countertops, and stainless steel appliances. Both bathrooms feature contemporary vanities, designer tiling, and new fixtures. With new flooring throughout, recessed lighting, updated windows, and a fresh interior/exterior paint scheme, the home is in turnkey condition with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Middle College High School (9/10).
- Vintage Architectural Charm
Built in 1929, this home offers the classic character and curb appeal inherent to Los Angeles' historic residential architecture, providing a unique aesthetic that modern builds often lack.
- Turnkey Potential
Given the significant price appreciation since its last sale a year ago, the property likely features comprehensive modern renovations, offering a move-in-ready experience for buyers.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The property is served by local elementary and middle schools with low performance ratings (1-3), which may limit appeal for education-focused families and impact future appreciation.
- Aggressive Pricing History
The listing price reflects a substantial markup from its sale price just one year prior, which could lead to appraisal difficulties or buyer hesitation regarding the current market valuation.
About 2049 W 71st Street
Exceptional opportunity in Los Angeles. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 4,785 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Seventy-Fourth Street Elementary School
Grades K-5 • 0.2 mi
Fifty-Ninth Street Elementary School
Grades K-5 • 0.8 mi
Raymond Avenue Elementary School
Grades K-5 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,446 | 1,371 | 58% |
| Lot Size | 4,785 | 5,402 | 30% |
| Price | $779.8K | $722.5K | 69% |
| Price per sq ft | $539 | $523 | 56% |
| Built year | 1929 | 1931 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 184 | 1% |
Pricing History
Listed for Sale
Feb 12, 2026
$779,800
Initial Listing
Sold
Feb 5, 2025
$649,000
Public Record
Sold
Feb 4, 2025
$640,000
Public Record