2245 W 27th Street, Los Angeles, California 90018, Los Angeles, 90018 - 0 bed, 0 bath
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Los Angeles, California 90018
This Value-Add Duplex represents a significant investment asset strategically located near USC. Listed at $999,900 against a $788,229 Fair Market Value, the pricing reflects the substantial redevelopment upside of the 6,759 sqft lot. Currently holding a Condition Rating of 5, the property requires modernization of its vintage infrastructure but offers immense potential for ADU conversion. Delivered vacant and in close proximity to Twenty-Fourth Street Elementary School, this property is a prime acquisition for Buy-and-Hold Investors or Developers targeting the high-demand student housing market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2245 W 27th Street Subject | $999,900* List Price | 0 | 0 | 1,689 | $467 | - |
A 3553 Cimarron Street Sold | $951,000 | 0 | 0 | 2,068 | $460 | 0.5 mi |
B 3705 4th Avenue Sold | $710,000 | 0 | 0 | 1,176 | $604 | 0.8 mi |
C 2511 Exposition Active | $909,000 List Price | 0 | 0 | 1,800 | $505 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925, this duplex retains most of its original vintage infrastructure and requires substantial rehabilitation to meet modern standards. The kitchens and bathrooms are severely outdated with aged cabinetry, old tile work, and obsolete appliances. The listing description emphasizes redevelopment and investment potential, and the property analysis notes that significant capital is needed to modernize the aging electrical, plumbing, and structural systems.
The property sits on a generous 6,759 sqft lot with a detached garage, providing a prime opportunity for ADU conversion or the addition of multiple units to maximize rental yield.
Located minutes from USC and Exposition Park, the property is ideally positioned to capitalize on the high-demand student housing market and proximity to major transit hubs.
Being delivered vacant allows for immediate renovation or the ability to set market-rate rents without the complications of existing tenant relocation or rent control limitations.
Built in 1925, the property may require significant capital investment to modernize aging electrical, plumbing, and structural systems to meet current building codes.
The majority of the assigned public schools have low performance ratings, which could limit the property's appeal to long-term family tenants and impact future resale value.
Welcome to this charming duplex located within the highly sought-after Jefferson Park Historic Preservation Overlay Zone (HPOZ). This neighborhood is known for its rich architectural heritage, tree-lined streets, and strong sense of community, offering a unique blend of historic character and modern city living. 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!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,689 | 2,508 | 25% |
| Lot Size | 6,759 | 6,363 | 63% |
| Price | $999.9K | $975.5K | 50% |
| Price per sq ft | $592 | $425 | 88% |
| Built year | 1925 | 1924 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 238 | 235 | 56% |
Aug 30, 2025
$999,900
$999,000
+0% Price Increase
Initial Listing
Aug 27, 2025
$999,000
Initial Listing
Dec 1, 2003
$300,000
Public Record
Jan 3, 2003
$216,500
Public Record
Nov 18, 1998
$135,000
Public Record