2245 W 27th Street, Los Angeles, California 90018, Los Angeles, 90018 - bed, bath
2245 W 27th Street
Los Angeles, California 90018
Property Price
SUMMARY
Analysis of 2245 W 27th Street, Los Angeles, California 90018 is currently available with a list price of $999,900. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1925, this property has received some recent cosmetic updates such as wood-look laminate flooring, newer kitchen cabinets, a stainless steel refrigerator, and updated bathroom vanities. Mini-split AC units provide modern cooling. However, the kitchen countertops and backsplash appear dated, and the bathroom shower tiles and flooring are clearly older, indicating a partial rather than extensive renovation. The property's age and the listing's emphasis on 'redevelopment potential' and 'limited modern amenities/finishes' suggest that while functional and move-in ready, it requires further updates and potential system modernizations to meet current standards, aligning with the 'Fair' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- High-Value Investment Opportunity
Explicitly marketed as an 'Incredible investment opportunity' and 'Residential Income' property, ideal for savvy investors or owner-occupants seeking rental income in a rapidly evolving neighborhood.
- Strategic Location near USC
Located just minutes from the University of Southern California, Exposition Park, public transit, and major freeways, making it highly desirable for student housing, long-term tenants, or multi-generational living.
- Significant Redevelopment Potential
Features a spacious lot with 'plenty of potential for future enhancements or additional structures,' including adding more units or ADU conversion of the detached garage, allowing for maximized investment returns.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1925, the property is nearly a century old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and requiring significant capital investment for modernization and deferred maintenance.
- Required Capital for Maximized Potential
The description heavily emphasizes 'potential for future enhancements' and 'redevelopment,' implying that substantial additional investment will be necessary beyond the purchase price to realize the property's full value and income-generating capacity.
- Limited Modern Amenities/Finishes
Given its age and the focus on redevelopment, the existing units likely lack modern amenities and contemporary finishes, which could impact rental rates or tenant appeal without significant upgrades.
About 2245 W 27th Street
Incredible investment opportunity just minutes from USC! This charming duplex offers two units, 2-BED, 1-BATH each. Perfect for owner-occupants or savvy investors. Nestled in the city of Los Angeles. The property features a spacious lot with plenty of potential for future enhancements or additional structures (buyer to verify). With ample space and a location that is perfect for redevelopment. Add more units to maximize your investment. Seize the chance to transform this property into a multi-unit masterpiece. The possibilities are endless in this rapidly evolving neighborhood. A detached garage offers secure parking or potential for ADU conversion. Located in close proximity to the University of Southern California, Exposition Park, public transit, and major freeways — this is an ideal location for student housing, long-term tenants, or multi-generational living. Property will be DELIVERED VACANT. Don’t miss your chance to own in one of LA’s most sought-after rental markets!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1925
- Lot Size
- 6,759 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Twenty-Fourth Street Elementary School
Grades K-5 • 0.4 mi
Sixth Avenue Elementary School
Grades K-5 • 0.6 mi
Birdielee V. Bright Elementary School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,689 | 2,498 | 20% |
| Lot Size | 6,759 | 6,363 | 67% |
| Price | $999.9K | $951.0K | 53% |
| Price per sq ft | $592 | $425 | 93% |
| Built year | 1925 | 1923 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 191 | 229 | 47% |
Pricing History
Listed for Sale
Aug 30, 2025
$999,900
$999,000
+0% Price Increase
Initial Listing
Price Change
Aug 27, 2025
$999,000
Initial Listing
Sold
Dec 1, 2003
$300,000
Public Record
Sold
Jan 3, 2003
$216,500
Public Record
Sold
Nov 18, 1998
$135,000
Public Record