2245 W 27th Ave, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath
ACTIVE$1,150,000
2245 W 27th Ave, Los Angeles, California 90018
0Bed
0Bath
1,689Sqft
6,757Lot
Year Built
1925
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$681
HOA
-
Days on market
-
Sold On
-
MLS number
DW25082508
Home ConditionFair
Features
Spa
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.15M(69th), sqft - 1689(23th), beds - undefined(50th), baths - undefined(50th).
WELCOME TO THE HISTORIC JEFFESON PARK LOS ANGELES; WE ARE SO PROUD TO PRESENT THIS AMAZING DUPELX; THE BUILDING OFFERS TWO UNITS WITH 2 BEDROOMS AND 1 BATHROOM EACH; LOCATED JUST MINUTES AWAY TO USC, FREEWAY 10, DOWNTOWN LOS ANGELES AND MORE
Nearby schools
2/10
Twenty-Fourth Street Elementary School
Public,•K-5•0.4mi
3/10
Sixth Avenue Elementary School
Public,•K-5•0.6mi
4/10
Birdielee V. Bright Elementary School
Public,•K-5•0.6mi
3/10
Arlington Heights Elementary School
Public,•K-5•0.9mi
2/10
Tom Bradley Global Awareness Magnet School
Public,•K-5•1.2mi
5/10
Virginia Road Elementary School
Public,•K-5•1.3mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•1.0mi
2/10
Audubon Middle School
Public,•6-8•1.7mi
5/10
Foshay Learning Center
Public,•K-12•1.0mi
4/10
West Adams Preparatory High School
Public,•9-12•1.6mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•1.8mi
4/10
Los Angeles Senior High School
Public,•9-12•2.0mi
Price History
Date
Event
Price
12/01/03
Sold
$300,000
01/03/03
Sold
$216,500
11/18/98
Sold
$135,000
Condition Rating
Fair
Built in 1925, this duplex shows its age. While some cosmetic updates like newer bathroom vanities and some laminate flooring are present, the kitchen features dated orange cabinets and countertops. The overall condition suggests the home is aged but maintained through occasional updates, with major components likely functional but showing signs of being outdated, requiring further renovations to meet modern standards.
Pros & Cons
Pros
Income-Generating Duplex: The property offers two separate 2-bedroom, 1-bathroom units, providing immediate rental income potential for investors or an owner-occupant seeking to offset mortgage costs.
Strategic Location: Situated minutes from USC, Downtown Los Angeles, and Freeway 10, ensuring high tenant demand, excellent accessibility, and strong appreciation potential.
Historic Neighborhood Appeal: Located in the desirable and historic Jefferson Park area, which often commands character, architectural value, and a stable community.
Robust Rental Market: Proximity to major institutions like USC and employment hubs in Downtown LA creates a consistent and strong tenant pool, minimizing vacancy risks.
Generous Lot Size: The 6,757 sqft lot provides ample outdoor space, potential for landscaping improvements, or future expansion opportunities (subject to zoning regulations).
Cons
Age and Potential for Updates: Built in 1925, the property likely requires significant investment in updating older systems (electrical, plumbing, HVAC) and general renovations to meet modern standards and tenant expectations.
Limited Unit Configuration: Each unit features a 2-bedroom, 1-bathroom layout, which may be considered smaller by today's standards and could limit appeal to certain demographics or command lower rents compared to units with more bathrooms or larger footprints.
Lack of Dedicated Parking Information: The property description does not specify dedicated parking, which is a critical amenity and potential challenge for a multi-unit property in a dense urban area like Los Angeles.