
Los Angeles, California 90016
This Value-Add Residential Asset is listed at $910,000, reflecting a location-based premium over the $818,589 Fair Market Value. Currently holding a Condition Rating of 5, the 1925 structure requires a comprehensive rehabilitation to address deferred maintenance and modernize the living space. The property’s primary value is anchored by its 5,013 sqft lot and patio, offering significant Accessory Dwelling Unit (ADU) potential in the high-demand Mid-City/West Adams corridor. Served by the Los Angeles Unified district, this acquisition is a strategic play for Fix-and-Flip Investors or Contractors targeting forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2207 S Cochran Subject | $910,000* List Price | 2 | 1 | 1,241 | $660 | - |
A 2430 S Cochran Avenue Sold | $740,000 | 2 | 1 | 1,340 | $552 | 0.3 mi |
B 2524 Alsace Ave Sold | $710,000 | 3 | 2 | 1,071 | $663 | 0.4 mi |
C 2115 S Redondo Boulevard Sold | $878,000 | 3 | 1 | 1,399 | $628 | 0.1 mi |
D 2434 S Cochran Avenue Sold | $750,000 | 3 | 2 | 1,217 | $616 | 0.3 mi |
E 5410 Smiley Sold | $710,000 | 2 | 1 | 940 | $755 | 0.7 mi |
F 1944 S Spaulding Avenue Pending | $875,000 List Price | 3 | 1 | 1,137 | $770 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1925 (99 years old) with no mention of recent renovations to the kitchen, baths, or major systems. Exterior images show significant cracking in the concrete driveway and aged stucco. The listing description uses industry terms like 'add value' and 'endless potential,' which typically indicate the interior is outdated and requires a full rehabilitation to address deferred maintenance and modernize the living space.
Situated near Mid-City, Culver City, and West Adams, this property offers exceptional access to trendy dining, shopping, and major transit corridors, making it highly desirable for commuters.
The generous 5,013 sqft lot provides significant opportunity for future expansion, outdoor entertaining, or the addition of an Accessory Dwelling Unit (ADU) to maximize property value.
With a functional layout and ample natural light, this home serves as an ideal canvas for investors or first-time buyers looking to build equity through cosmetic or structural renovations.
Built in 1925, the home likely requires modernization of major systems and interior finishes to meet contemporary standards and buyer expectations.
The single-bathroom configuration may be a significant drawback for families or buyers seeking modern convenience, potentially limiting the pool of interested parties at this price point.
Welcome to this delightful 2-bedroom, 1-bathroom home located in a highly desirable Los Angeles neighborhood. This inviting property offers a functional layout with a bright living area, comfortable bedrooms, and plenty of natural light throughout. The home provides a great opportunity for first-time buyers, downsizers, or investors looking to add value. The spacious lot offers potential for outdoor enjoyment, entertaining, or future expansion. Conveniently situated near Mid-City, Culver City, and West Adams, you’ll enjoy easy access to popular restaurants, shopping, parks, and major freeways. Don’t miss this opportunity to own a home in a prime Los Angeles location with endless potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 1.0 | 2.0 | 29% |
| Square foot | 1,241 | 1,399 | 35% |
| Lot Size | 5,013 | 5,419 | 27% |
| Price | $910.0K | $1.03M | 37% |
| Price per sq ft | $733 | $744 | 45% |
| Built year | 1925 | 1926 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 186 | 2% |
Apr 29, 2026
$910,000
Initial Listing
Dec 29, 1999
$139,000
Public Record
Jun 27, 1996
$130,500
Public Record