2251 Cambridge, Los Angeles, California 90006, Los Angeles, 90006 - 4 bed, 3 bath
2251 Cambridge
Los Angeles, California 90006
Property Price
SUMMARY
Analysis of 2251 Cambridge, Los Angeles, California 90006 reveals a property with a current list price of $1,490,000, which is 23% above the estimated $1,203,939 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2251 Cambridge Subject | $1,490,000* List Price | 4 | 3 | 2,420 | $497 | - |
A 2982 W 15th Street Active | $1,270,000 List Price | 4 | 5 | 2,500 | $508 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1912, this property has undergone extensive and modern renovations, making it move-in ready. The kitchen features modern stainless steel appliances, contemporary light wood cabinetry, dark countertops, and a mosaic tile backsplash, all in good condition. Bathrooms are also updated with modern fixtures, tiling, and vanities, including a jetted tub and glass-enclosed showers. Hardwood floors are prevalent throughout, and the overall aesthetic is clean and well-maintained. While some design elements (like the kitchen backsplash or vessel sinks) suggest the renovations might be closer to 5-15 years old rather than brand new, all major systems and components appear functional and in good working order, requiring no immediate updates. AC units are visible in the backyard, indicating a cooling system is present.
PROSSTRENGTHS & OPPORTUNITIES
- ADU & Investment Potential
The property offers excellent potential for an Accessory Dwelling Unit (ADU) and is highlighted as a strong investment opportunity for rental income, guest suites, or multi-generational living.
- Prime Koreatown Location
Situated in the heart of Koreatown, a vibrant and high-demand neighborhood, providing strong year-round demand for rentals and convenient access to amenities and major freeways.
- Updated & Move-in Ready
The home is beautifully updated with a modern renovated kitchen and an open-concept floor plan, making it move-in ready for immediate occupancy.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1912, the property's age, despite updates, may suggest potential for older infrastructure or unforeseen maintenance requirements.
- Lack of Cooling System Mention
The property description does not specify the presence of a cooling system, which could be a significant consideration in the Los Angeles climate.
- No Views
The property explicitly states 'view: None,' indicating a lack of scenic or panoramic views that could otherwise enhance its appeal and value.
About 2251 Cambridge
A RARE OPPORTUNITY WITH GREAT ADU & INVESTMENT POTENTIAL! Welcome to 2251 Cambridge Street, a beautifully updated 4-bedroom, 3-bath home offering 2,420 sq. ft. of living space on a well-sized 6,009 sq. ft. lot — providing flexibility and long-term upside rarely found in this area. This move-in-ready residence features an inviting open-concept floor plan, a modern renovated kitchen, and bright, spacious living areas ideal for both everyday comfort and entertaining. One of the property’s strongest advantages is its generously sized backyard, offering excellent potential for a future ADU—perfect for additional rental income, a guest suite, or multi-generational living. Combined with its prime location, this home is an excellent opportunity for both owner-users and investors. Perfectly situated in the heart of Koreatown, one of Los Angeles’ most vibrant and high-demand neighborhoods, this property offers exceptional investment appeal. The central location makes it ideal for Airbnb, short-term stays, or long-term rentals, with strong year-round demand thanks to its proximity to restaurants, shops, cultural hotspots, and major freeways. Whether you're seeking a comfortable family home with expansion potential or looking to maximize rental income, this property offers versatile possibilities. Schedule your private tour today — homes with this level of investment potential in Koreatown don’t come often!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 6,009 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Los Angeles Elementary School
Grades K-5 • 0.3 mi
Hobart Boulevard Elementary School
Grades K-5 • 0.6 mi
Twenty-Fourth Street Elementary School
Grades K-5 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,420 | 2,308 | 57% |
| Lot Size | 6,009 | 5,999 | 57% |
| Price | $1.49M | $810.0K | 86% |
| Price per sq ft | $616 | $474 | 71% |
| Built year | 1912 | 1905 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 65 | 154 | 29% |
Pricing History
Listed for Sale
Dec 31, 2025
$1,490,000
Initial Listing
Sold
Jan 31, 2022
$1,405,000
Public Record
Sold
Jun 7, 2011
$405,004
Public Record
Sold
Jun 30, 2008
$505,000
Public Record