2251 Cambridge Street, Los Angeles, California 90006, Los Angeles, 90006 - 4 bed, 3 bath
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Los Angeles, California 90006
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,290,000—positioned well below the $1,307,854 Fair Market Value by 1.37%. This valuation gap offers $17,854 in Instant Equity. Featuring a Mint Condition Rating with a modernized kitchen and open-concept layout, the property provides immediate rental utility. The large 6,009 sq. ft. lot offers significant ADU potential for income generation. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand Koreatown asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2251 Cambridge Street Subject | $1,290,000* List Price | 4 | 3 | 2,420 | $540 | - |
A 1720 S Kingsley Sold | $1,200,000 | 3 | 3 | 1,834 | $654 | 0.3 mi |
B 1715 S Kingsley Drive Active | $1,579,000 List Price | 4 | 4 | 2,957 | $534 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1912, the property has undergone a recent high-end renovation (within the last 5 years) featuring a modern kitchen, open-concept layout, and updated living areas. It is described as move-in ready and in mint condition, meeting the criteria for a recent renovation with no immediate maintenance required.
The spacious 6,009 sq. ft. lot includes a large backyard with significant ADU potential, providing a rare opportunity for rental income or multi-generational living in the high-demand Koreatown market.
Despite its 1912 origins, the home features a renovated kitchen and an open-concept floor plan, offering a move-in ready environment that blends historic charm with contemporary functionality.
Priced at $1.29M following an aggressive reduction, the property is listed significantly below its 2022 sale price of $1.405M, representing a strong value proposition for investors and homeowners alike.
The majority of assigned public schools in the immediate area have lower ratings (3 out of 10), which may be a drawback for families prioritizing high-performing educational districts.
As a structure built in 1912, the property may possess aging underlying systems or require more intensive maintenance compared to newer constructions, despite recent cosmetic updates.
RARE OPPORTUNITY WITH INCREDIBLE ADU & INVESTMENT POTENTIAL IN THE HEART OF KOREATOWN! Welcome to 2251 Cambridge Street — a beautifully updated 4-bedroom, 3-bath home offering 2,420 sq. ft. of living space on a spacious 6,009 sq. ft. lot, now offered at an aggressively reduced price of $1,290,000. This is not just a home — it’s a smart investment opportunity with serious upside. Move-in ready and full of charm, this residence features an open-concept floor plan, a modern renovated kitchen, and bright, spacious living areas perfect for comfortable living and entertaining. A large backyard with excellent ADU potential — ideal for creating additional rental income, a guest house, or multi-generational living. Opportunities like this in Koreatown are becoming increasingly rare. Located in one of Los Angeles’ most desirable and high-demand neighborhoods, this home offers exceptional value for both homeowners and investors. Its prime Koreatown location makes it perfect for long-term rental income, Airbnb potential, or future appreciation with easy access to restaurants, shopping, entertainment, and major freeways. Whether you're looking for your dream home or your next high-return investment, this property checks all the boxes. Schedule your private showing today.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,420 | 1,672 |
| Lot Size | 6,009 | 6,067 |
| Price | $1.29M | $1.37M |
| Price per sq ft | $533 | $801 |
| Built year | 1912 | 1939 |
| HOA | $0 | $348 |
| Days on market | 14 | 56 |
Jul 8, 2026
$1,290,000
Initial Listing
Jan 31, 2022
$1,405,000
Public Record
Jun 7, 2011
$405,004
Public Record
Jun 30, 2008
$505,000
Public Record