2205 S Burnside Avenue, Los Angeles, California 90016, Los Angeles, 90016 - 5 bed, 4 bath
ACTIVE$1,389,000
2205 S Burnside Avenue, Los Angeles, California 90016
5Beds
4Baths
2,216Sqft
5,804Lot
Price Vs. Estimate
The estimated value ($938,075.05) is $450,924.95 (32%) lower than the list price ($1,389,000). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Income Potential: Features a brand-new, detached 2-bedroom, 2-bathroom ADU, offering excellent potential for rental income, multi-generational living, or guest accommodation, enhancing the property's overall value and versatility.
Top Cons:
Significant Price Discrepancy: The current list price of $1,389,000 is substantially higher than the estimated property value of $938,075.05, suggesting potential overpricing that could impact marketability and buyer interest.
Compared to the nearby listings
Price:$1.39M vs avg $1.07M (+$319,000)76%
Size:2,216 sqft vs avg 1,419.5 sqft91%
Price/sqft:$627 vs avg $78223%
More Insights
Built in 1924 (101 years old).
Condition: The property, built in 1924, is described as 'beautifully updated' with 'modern finishes throughout' and includes a 'brand-new, detached ADU.' The main house features a modern kitchen with stainless steel appliances and wood-look tile flooring (Images 1, 9), and a clean, updated bathroom (Image 3). Energy-efficient upgrades like solar panels are also noted. While the ADU is brand-new, some kitchen images (Images 4, 6) appear less modern than others, creating a slight inconsistency with the 'modern finishes throughout' claim. Additionally, a wall heater is visible in the main living area (Image 5), indicating that not all heating systems are fully modernized to central HVAC. Despite these minor inconsistencies and the age of the main structure, the significant recent updates, the new ADU, and energy-efficient features make the property move-in ready and well-maintained, aligning with a 'good' condition score.
Year Built
1924
Close
-
List price
$1.39M
Original List price
$1.49M
Price/Sqft
$627
HOA
-
Days on market
-
Sold On
-
MLS number
25543457
Home ConditionGood
Features
Patio
View-
About this home
Spacious & Versatile Gem with Income Potential! This beautifully updated single-family home offers 3 bedrooms and 2 bathrooms in the main house, plus a brand-new, detached ADU with 2 bedrooms and 2 bathroom perfect for multi-generational living, guests, or rental income. The property features ample parking, a private backyard, and modern finishes throughout. Located in a highly desirable neighborhood adjacent to Culver City, Beverlywood, Baldwin Hills, and Mid-Wilshire and you'll be just moments from trendy cafes, top-rated schools, shopping centers, and major transit routes. Whether you're looking for a smart investment, extra space for family, or a home that pays for itself, this is a rare opportunity you won't want to miss! Fresh paint and Low-maintenance landscaping, High rental demand in the area, Solar panels / energy-efficient upgrades. Property will be delivered completely vacant.
Price History
Date
Event
Price
09/29/99
Sold
$159,000
Condition Rating
Good
The property, built in 1924, is described as 'beautifully updated' with 'modern finishes throughout' and includes a 'brand-new, detached ADU.' The main house features a modern kitchen with stainless steel appliances and wood-look tile flooring (Images 1, 9), and a clean, updated bathroom (Image 3). Energy-efficient upgrades like solar panels are also noted. While the ADU is brand-new, some kitchen images (Images 4, 6) appear less modern than others, creating a slight inconsistency with the 'modern finishes throughout' claim. Additionally, a wall heater is visible in the main living area (Image 5), indicating that not all heating systems are fully modernized to central HVAC. Despite these minor inconsistencies and the age of the main structure, the significant recent updates, the new ADU, and energy-efficient features make the property move-in ready and well-maintained, aligning with a 'good' condition score.
Pros & Cons
Pros
Significant Income Potential: Features a brand-new, detached 2-bedroom, 2-bathroom ADU, offering excellent potential for rental income, multi-generational living, or guest accommodation, enhancing the property's overall value and versatility.
Desirable Location: Situated in a highly sought-after neighborhood adjacent to Culver City, Beverlywood, Baldwin Hills, and Mid-Wilshire, providing convenient access to trendy cafes, top-rated schools, shopping, and major transit routes.
Modern Updates & Finishes: The property boasts modern finishes throughout and fresh paint, indicating a well-maintained and aesthetically pleasing living environment.
Energy Efficiency: Equipped with solar panels and other energy-efficient upgrades, offering potential long-term savings on utility costs and appealing to environmentally conscious buyers.
Vacant Delivery & High Rental Demand: The property will be delivered completely vacant, facilitating immediate occupancy or rental, and is located in an area with high rental demand, making it attractive for investors.
Cons
Significant Price Discrepancy: The current list price of $1,389,000 is substantially higher than the estimated property value of $938,075.05, suggesting potential overpricing that could impact marketability and buyer interest.
Age of Main Structure: Built in 1924, the main house is an older property. While updated, potential buyers may have concerns regarding the condition of original systems (e.g., plumbing, electrical, foundation) if not explicitly stated as fully upgraded.
Limited Specifics on Main House Upgrades: The description mentions 'modern finishes' but lacks detailed information on major system renovations (e.g., HVAC, roof, electrical, plumbing) for the main house, which could lead to buyer uncertainty about the extent of the renovation.