2175 Cambridge Street, Los Angeles, California 90006, Los Angeles, 90006 - 4 bed, 3 bath

2175 Cambridge Street, Los Angeles, California 90006 home-pic-0

2175 Cambridge Street

Los Angeles, California 90006

ACTIVE
CONDITION: POOR
4Beds
3Baths
2,620Sq Ft
6,014Lot Size

Property Price

LIST PRICE$1,750,000
EST. MARKET VALUE
$1,349,239
22% AboveMARKET VALUE

SUMMARY

Analysis of 2175 Cambridge Street, Los Angeles, California 90006 reveals a property with a current list price of $1,750,000, which is 22% above the estimated $1,349,239 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.

Estimated Market Value

$1,349,239
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2175 Cambridge Street
Subject
$1,750,000*
List Price
432,620$515-
A
2982 W 15th Street
Active
$1,349,000
List Price
452,500$5400.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

This historic 1905 Greene & Greene architectural landmark, while boasting remarkably intact original details and being 'very livable,' explicitly states that 'More restoration work and ongoing maintenance is needed, and is in fact required.' This indicates a need for substantial repairs and rehabilitation, particularly in areas like the kitchen and bathrooms, for which no images are provided. The absence of these critical areas in the photos, combined with the property's age and the stated need for restoration, strongly suggests these spaces are significantly outdated and require major renovation to meet modern quality standards and functionality. Major systems (electrical, plumbing, HVAC) are also likely original or very old, contributing to the need for substantial updates.

PROSSTRENGTHS & OPPORTUNITIES

  • Architectural Landmark Status

    A rare, pedigreed Greene & Greene architectural landmark, the last documented one in Los Angeles, offering unique historical and cultural value.

  • Historic Preservation Benefits

    Designated a Mills Act Historic property, providing significant property tax benefits, and protected by multiple historic designations.

  • Authentic Original Details

    Many original architectural details remain remarkably intact, including wood trim, cabinetry, doors, a brick fireplace, and custom light fixtures, preserving its historic character.

CONSRISKS & DEFICIENCIES

  • Extensive Restoration & Maintenance Requirements

    The property explicitly requires significant ongoing restoration work and maintenance, which is mandated by its historic designations and conservation easement.

  • Strict Preservation Restrictions

    Subject to a comprehensive interior and exterior Conservation Easement and HPOZ regulations, limiting modifications and requiring adherence to strict historic preservation guidelines.

  • High Listing Price Relative to Valuation

    The current listing price is notably higher (22% above) the estimated property value, suggesting a potential overvaluation in the current market.

About 2175 Cambridge Street

Rare opportunity to purchase a pedigreed Greene & Greene architectural landmark, contribute a lasting impact on a neighborhood and experience the pride of owning one of the City's noteworthy historic properties. The Lucy E. Wheeler House was designed on this corner lot for a businesswoman in 1905 by Charles Sumner Greene and Henry Mather Greene, and is now considered to be the LAST remaining documented Greene & Greene within the City of Los Angeles boundaries. Most details of this two-story home are remarkably intact, including its wood trim, cabinetry and doors; brick fireplace (in living room); and four original custom ceiling light fixtures -- made of wood, metal and yellow slag glass -- in the living room, dining room, entry and sunroom. The rear 1920s addition is still true to the Arts & Crafts motifs but is a very flexible space, readily adaptable to an owner's desired new use, such as a generous home office, a family / expanded kitchen, media room, or private guest quarters. This very livable home features good indoor-outdoor flow, including a welcoming covered front porch, a second floor open balcony terrace above; two sunrooms; and multiple entrances opening to sun-filled rear garden area. Original detached two-car garage & storage room. Located in the Harvard Heights Historic Preservation Overlay Zone (HPOZ) to which it is a contributing structure, this historic property is also City of Los Angeles HCM #991; a Mills Act Historic property with resulting property tax benefits; and is further protected by a comprehensive interior and exterior Conservation Easement monitored by the Los Angeles Conservancy. Prior owner occupant Martin Eli Weil, a noted restoration architect, researched and began restoration of the property during his 25-year ownership. More restoration work and ongoing maintenance is needed, and is in fact required under both the Easement and the multiple historic protection designations of this property. Harvard Heights has a strong neighborhood association, and there are great coffee houses, art venues and restaurants nearby.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1905
Lot Size
6,014 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Los Angeles Unified Schools

Los Angeles Elementary School

Grades K-5 • 0.3 mi

3/10

Hobart Boulevard Elementary School

Grades K-5 • 0.6 mi

3/10

Mariposa-Nabi Primary Center

Grades K-2 • 0.7 mi

/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths3.03.0
50%
Square foot2,6202,308
71%
Lot Size6,0145,999
57%
Price$1.75M$810.0K
86%
Price per sq ft$668$474
71%
Built year19051905
50%
HOA$0$0
50%
Days on market341155
0%

Pricing History

Sold

Nov 10, 2011

$590,005

Public Record

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