2248 Fernleaf Street, Los Angeles, California 90031, Los Angeles, 90031 - 3 bed, 2 bath
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Los Angeles, California 90031
This Turnkey Residential Condominium is a Strong Value Opportunity, listed at $795,000—positioned well below the $868,119 Fair Market Value by 8%. This valuation gap offers $73,119 in Instant Equity for the buyer. Featuring a Mint Condition Rating with a designer renovation, new roof, and modern HVAC, the home offers a serene lifestyle with hillside views. Perfectly situated in the heart of Frogtown, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready, high-character residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2248 Fernleaf Street Subject | $795,000* List Price | 3 | 2 | 1,250 | $694 | - |
A 2248 Gatewood Street Sold | $729,000 | 2 | 3 | 1,000 | $729 | 0.1 mi |
B 2248 1/2 Gatewood Street Active | $679,000 List Price | 2 | 3 | 1,000 | $679 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete designer renovation within the last 5 years. It features a brand-new kitchen and bathrooms, along with comprehensive system upgrades including a new roof, updated plumbing and electrical, a new tankless water heater, and new mini-split HVAC units, meeting the criteria for mint condition with no immediate maintenance required.
The property features significant capital improvements including a new roof, updated plumbing and electrical systems, new ABS sewer lines, and a tankless water heater, providing the peace of mind typically reserved for newer builds.
Situated in one of Los Angeles' most sought-after neighborhoods, the home is steps away from popular local landmarks like Salazar, Spoke, and the LA River path, ensuring high lifestyle appeal and long-term value.
The renovation masterfully blends 1920s Spanish architectural charm, such as arched ceilings and Saltillo tile, with high-end modern finishes including wide-plank flooring and a custom kitchen with brass hardware.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1250, other record living area = 1820. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Despite the standalone feel of the residence, the legal classification as a condominium with a $325 monthly association fee may impact financing options and deter buyers seeking traditional fee-simple ownership.
At 1,250 square feet for a three-bedroom layout, the individual room sizes and common living areas may feel constrained for families or buyers accustomed to more expansive floor plans.
Beautifully blending timeless Spanish character with a designer renovation, 2248 Fernleaf St is a rare opportunity to own a standalone 3 bed, 2 bath home in the heart of Frogtown. Set behind an oversized, private front yard, this charming residence welcomes you with a covered front porch finished in classic Saltillo tile, the perfect place to enjoy morning coffee or relax outdoors as the sun sets while taking in the serene hillside views beyond. Inside, original Spanish-inspired details, including graceful arched ceilings and architectural charm, are thoughtfully paired with modern updates. Gorgeous wood-and-glass paneled entry doors open to a bright, open floor plan filled with natural light from new windows. Wide-plank flooring flows throughout, while the living room seamlessly connects to the dining area, creating an inviting space for everyday living and effortless entertaining. The completely redesigned kitchen is as beautiful as it is functional, featuring abundant cabinetry, refined brass hardware, a striking square-stacked glazed tile backsplash, and a suite of brand-new stainless steel appliances. The well-designed layout offers three peaceful bedrooms, each with its own new ductless mini-split HVAC system for personalized comfort. The primary suite features a generous walk-in closet with custom built-in shelving, while both bathrooms showcase light oak vanities, warm brass fixtures, contemporary hex tile flooring, and clean vertical tilework. Beyond the beautiful finishes, the home has been extensively upgraded with a new roof, updated plumbing & electrical, new tankless water heater and new ABS sewer lines. Perfectly positioned to enjoy everything that makes Frogtown one of LA's most sought-after neighborhoods, you're just moments from local favorites including Spoke, Salazar, Wax Paper, Just What I Kneaded, Lingua Franca, La Colombe, and Frogtown Brewery. Thoughtfully restored, beautifully updated, and rich with authentic Spanish character, 2248 Fernleaf St delivers the privacy and feel of a single-family home with the peace of mind of extensive modern improvements.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,250 | 1,243 |
| Lot Size | - | 24,016 |
| Price | $795.0K | $805.6K |
| Price per sq ft | $636 | $659 |
| Built year | 1925 | 1981 |
| HOA | $325.0 | $684 |
| Days on market | 13 | 71 |
Jul 9, 2026
$795,000
Initial Listing
Jan 7, 2025
$750,000
Public Record
Jan 7, 2025
$725,000
Public Record