2144 Alsace Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 3 bed, 2 bath
2144 Alsace Avenue
Los Angeles, California 90016
Property Price
SUMMARY
Analysis of 2144 Alsace Avenue, Los Angeles, California 90016 reveals a Prime Investment Opportunity with a current list price of $975,000—significantly undercutting the $1,034,218 Fair Market Value by 5%. This valuation gap indicates a +$59,218 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 2144 Alsace Avenue Subject | $975,000* List Price | 3 | 2 | 1,439 | $719 | - |
A 2215 Alsace Avenue Sold | $925,000 | 3 | 2 | 1,372 | $674 | 0.1 mi |
B 2145 S Orange Drive Sold | $1,025,000 | 3 | 2 | 1,424 | $720 | 0.1 mi |
C 2312 S Orange Drive Sold | $1,030,000 | 2 | 1 | 1,440 | $715 | 0.1 mi |
D 2726 S Mansfield Avenue Sold | $980,000 | 2 | 1 | 1,182 | $829 | 0.5 mi |
E 2102 Hillcrest Drive Sold | $1,250,000 | 3 | 2 | 1,681 | $744 | 0.8 mi |
F 2218 S Genesee Avenue Active | $1,049,000 List Price | 3 | 3 | 1,300 | $807 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1925 Spanish-style home has undergone significant updates, particularly in the kitchen and bathrooms, which appear to have been renovated within the last 5-15 years. The kitchen features granite countertops and stainless steel appliances, while bathrooms have updated vanities and tiled showers/tubs. Hardwood floors in the main living areas are in good condition. The property is move-in ready, and an outdoor AC unit is visible, indicating central cooling. While some cosmetic updates like new carpets in bedrooms and fresh paint would enhance its appeal, the major systems and key areas are well-maintained and functional, aligning with a 'Good' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Location & Value
Positioned in Mid City Los Angeles, offering convenient freeway access (10 Fwy) and proximity to shopping, all within a competitive sub-$1M price point for a 3-bedroom home.
- Updated Key Areas
Features an updated kitchen with granite counters and an updated bathroom, providing modern functionality and aesthetic appeal.
- Classic Architectural Charm
A classic Spanish-style home built in 1925, retaining character with a beautiful fireplace and wood floors in main living areas and the primary bedroom.
CONSRISKS & DEFICIENCIES
- Age-Related Maintenance Concerns
Built in 1925, the property, despite some updates, may present potential for age-related maintenance issues or require further investment in systems not explicitly mentioned as updated (e.g., plumbing, electrical, roof).
- Lack of Central Cooling System
While ceiling fans are present, the absence of a central air conditioning system could be a significant drawback for comfort during Los Angeles's hotter months.
- Inconsistent Flooring
Two bedrooms are carpeted, which contrasts with the wood flooring in the living room, dining room, and primary bedroom, potentially requiring future updates for a cohesive aesthetic.
About 2144 Alsace Avenue
* Is there a 3-bed home in Mid City under $1M with room to make it your own? Welcome to2144 Alsace Ave: a classic Spanish-style gem with lush outdoor space and huge potential .This lovely Spanish style home is located in mid city close to the 10 freeway and shopping, gated front yard with remote driveway gate, living room has recess lighting , beautiful fireplace, updated bathroom and kitchen with granite counters , ceiling fans in bedrooms two bedrooms with carpeted floors wood floors in living room, dinning room and primary bedroom natural lighting in kitchen, a shed in backyard, backyard great for entertaining come make this house your home.Information in this listing is deemed correct however not guarantee
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 5,042 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
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 | 1,439 | 1,370 | 56% |
| Lot Size | 5,042 | 5,202 | 46% |
| Price | $975.0K | $1.00M | 47% |
| Price per sq ft | $678 | $744 | 40% |
| Built year | 1925 | 1926 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 173 | 4% |
Pricing History
Listed for Sale
Jan 15, 2026
$975,000
Initial Listing