2307 Harwood Street, Los Angeles, California 90031, Los Angeles, 90031 - 5 bed, 3 bath

2307 Harwood Street, Los Angeles, California 90031 home-pic-0
ACTIVE$1,090,000
2307 Harwood Street, Los Angeles, California 90031
5Beds
3Baths
2,252Sqft
5,319Lot

Price Vs. Estimate

The estimated value ($753,353.28) is $336,646.72 (30%) lower than the list price ($1,090,000). This property may be overpriced.

Key pros and cons

Top Pros:
Income & Investment Potential: The property features two standalone units, both delivered vacant, offering exceptional flexibility for owner-occupancy, immediate rental income, or strategic redevelopment in a thriving neighborhood.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-05-22. The sold price is $1,080,000.00. The property was recently sold within the past year on 2025-02-18. The sold price is $976,500.00.

Compared to the nearby listings

Price:$1.09M vs avg $930.0K (+$160,000)63%
Size:2,252 sqft vs avg 1,476.5 sqft89%
Price/sqft:$484 vs avg $72416%

More Insights

Built in 1929 (96 years old).
Condition: Built in 1929, this property is nearly a century old. The listing description explicitly notes a 'Lack of Modern Updates' and states that 'key areas like kitchens and bathrooms may require significant updates to meet contemporary buyer expectations.' While the front unit boasts hardwood floors and original built-ins, suggesting character, the kitchens are described with 'ample wood cabinetry,' which, combined with the age, indicates dated styles and likely older appliances. Bathrooms are also expected to be outdated. The property is functional and livable, as it can be moved into or rented out, but it clearly requires substantial cosmetic updates and potential system upgrades (plumbing, electrical, HVAC) to align with modern standards, fitting the 'Fair' category.
Year Built
1929
Close
-
List price
$1.09M
Original List price
$1.2M
Price/Sqft
$484
HOA
-
Days on market
-
Sold On
-
MLS number
25505291
Home ConditionFair
Features
Good View: City Lights
Deck
Patio
ViewCity Lights

About this home

A rare opportunity to own a great property in the heart of Frogtown, offering endless potential. Built in 1929, this character-filled property features two standalone units, each with its own unique charm and functionality. The front house is a 2 bed, 1 bath home with a formal entry, a sun-filled living room, and hardwood floors that add warmth and character. Original built-ins enhance the space while a drought-tolerant front yard provides a welcoming and low-maintenance outdoor space. The back guest unit is a spacious two-story, 3 bed, 2 bath residence. The first floor includes 1 bedroom, 1 bathroom, and a separate laundry room with hookups. Upstairs, you are greeted into a bright and airy living room with a decorative fireplace and hillsides views, flowing into a spacious kitchen with ample wood cabinetry. Two additional bedrooms share a bathroom on the second level. The attached 1-car garage, 2-car carport, and long driveway offers ample space for parking and storage. Situated in a prime Frogtown location, just moments from the L.A. River, Wax Paper, Spoke Bicycle Cafe, and Salazar, this property is a fantastic opportunity to invest in a neighborhood that continues to thrive. With both units delivered vacant, you have the flexibility to move in, rent out, or reimagine the space to suit your vision. Don't miss this incredible opportunity!

Price History

Date
Event
Price
05/22/25
Sold
$1,080,000
02/18/25
Sold
$976,500
Condition Rating
Fair

Built in 1929, this property is nearly a century old. The listing description explicitly notes a 'Lack of Modern Updates' and states that 'key areas like kitchens and bathrooms may require significant updates to meet contemporary buyer expectations.' While the front unit boasts hardwood floors and original built-ins, suggesting character, the kitchens are described with 'ample wood cabinetry,' which, combined with the age, indicates dated styles and likely older appliances. Bathrooms are also expected to be outdated. The property is functional and livable, as it can be moved into or rented out, but it clearly requires substantial cosmetic updates and potential system upgrades (plumbing, electrical, HVAC) to align with modern standards, fitting the 'Fair' category.
Pros & Cons

Pros

Income & Investment Potential: The property features two standalone units, both delivered vacant, offering exceptional flexibility for owner-occupancy, immediate rental income, or strategic redevelopment in a thriving neighborhood.
Prime Frogtown Location: Situated in the highly desirable Frogtown area, the property boasts excellent walkability and proximity to the L.A. River, popular cafes, and restaurants, enhancing its lifestyle appeal and future appreciation.
Ample Parking Solutions: With an attached 1-car garage, a 2-car carport, and a long driveway, the property provides generous off-street parking and storage, a significant advantage in Los Angeles.
Historic Character & Charm: Built in 1929, the front house retains original character with hardwood floors and built-ins, appealing to buyers seeking unique architectural details and a sense of history.
Desirable Views: The back unit offers pleasant hillsides views, and the property generally benefits from city lights views, adding to its aesthetic appeal and perceived value.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-05-22. The sold price is $1,080,000.00. The property was recently sold within the past year on 2025-02-18. The sold price is $976,500.00.
Significant Overpricing: The current list price of $1.09M is considerably higher than the estimated property value of $753,353 and recent comparable sales, suggesting it may be overpriced for the market.
Age and Potential for Deferred Maintenance: Constructed in 1929, the property is nearly a century old, implying potential for outdated major systems (plumbing, electrical, HVAC) and requiring substantial investment for necessary repairs or upgrades not explicitly mentioned.
Lack of Modern Updates: While possessing character, the description emphasizes original features rather than recent modern renovations, indicating that key areas like kitchens and bathrooms may require significant updates to meet contemporary buyer expectations.

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