2361 Scarff Street, Los Angeles, California 90007, Los Angeles, 90007 - 5 bed, 2 bath
ACTIVE$1,800,000
2361 Scarff Street, Los Angeles, California 90007
5Beds
2Baths
1,392Sqft
8,735Lot
Price Vs. Estimate
The estimated value ($1,716,877.495) is $83,122.505 (4%) lower than the list price ($1,800,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8735, living area = 1392.
Top Cons:
Advanced Age & Maintenance Requirements: As a home built in 1888, it likely requires significant ongoing maintenance, potential updates to outdated systems (plumbing, electrical, HVAC), and costly repairs to preserve its integrity and functionality.
Compared to the nearby listings
Price:$1.80M vs avg $860.0K (+$940,000)91%
Size:1,392 sqft vs avg 2,144 sqft45%
Price/sqft:$1.3K vs avg $56191%
More Insights
Built in 1888 (137 years old).
Condition: Built in 1888, this historic home requires substantial rehabilitation. The kitchen features outdated linoleum flooring, basic white cabinets, and mismatched, older appliances, indicating a need for a complete renovation. While the exterior retains its historic charm, the property's age suggests that major systems (plumbing, electrical, HVAC) are likely original or minimally updated and will require significant investment for repair or replacement, as noted in the property's weaknesses. The bathrooms, though not pictured, can be inferred to be in a similar outdated condition.
Year Built
1888
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$1,293
HOA
-
Days on market
-
Sold On
-
MLS number
25612451
Home ConditionPoor
Features
View-
About this home
This historic 5-bedroom, 2-bath Victorian home sits on a large 8,735 SF lot in the University Park neighborhood, just minutes from USC Campus and Mount Saint Mary's Doheny. The property is also within the USC DPS Patrol zone and Rideshare program. Built in 1888, the 1,392 SF home retains its original charm and character, with a spacious basement that could be converted into an additional unit. In the rear of the property you will also find a large lot that offers plenty of space for additional ADUs or other structures (subject to city and HPOZ approval), making it a great opportunity for an owner-user or an investor looking to maximize the property by renting to students. The property may also qualify for Mills Act tax savings (buyer to verify). A rare chance to own a historic home with flexible options for living, expansion, or income in a prime LA location.
Nearby schools
4/10
Norwood Street Elementary School
Public,•K-5•0.3mi
5/10
Vermont Avenue Elementary School
Public,•K-5•0.7mi
2/10
John W. Mack Elementary School
Public,•K-5•0.8mi
3/10
Lenicia B. Weemes Elementary School
Public,•K-5•1.1mi
5/10
Menlo Avenue Elementary School
Public,•K-5•1.7mi
4/10
John Adams Middle School
Public,•6-8•0.8mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.0mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•2.6mi
4/10
West Adams Preparatory High School
Public,•9-12•0.7mi
5/10
Foshay Learning Center
Public,•K-12•1.7mi
3/10
Manual Arts Senior High School
Public,•9-12•1.7mi
Condition Rating
Poor
Built in 1888, this historic home requires substantial rehabilitation. The kitchen features outdated linoleum flooring, basic white cabinets, and mismatched, older appliances, indicating a need for a complete renovation. While the exterior retains its historic charm, the property's age suggests that major systems (plumbing, electrical, HVAC) are likely original or minimally updated and will require significant investment for repair or replacement, as noted in the property's weaknesses. The bathrooms, though not pictured, can be inferred to be in a similar outdated condition.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8735, living area = 1392.
Prime University Location: Strategically located in University Park, minutes from USC Campus and Mount Saint Mary's Doheny, within the USC DPS Patrol zone and Rideshare program, making it highly attractive for student rentals or university-affiliated residents.
Historic Charm & Character: Built in 1888, this Victorian home retains its original charm and character, appealing to buyers seeking unique, historic properties with architectural significance.
Significant Expansion & Income Potential: The large 8,735 SF lot and spacious basement offer substantial opportunities for adding ADUs or converting the basement into an additional unit, greatly enhancing income potential or living space.
Versatile Investment Opportunity: Ideal for both investors looking to capitalize on the student rental market and owner-users seeking flexible living arrangements with potential for supplemental income.
Potential Mills Act Tax Savings: The property may qualify for Mills Act tax savings, offering a significant financial benefit by reducing property taxes for historic home owners (buyer to verify).
Cons
Advanced Age & Maintenance Requirements: As a home built in 1888, it likely requires significant ongoing maintenance, potential updates to outdated systems (plumbing, electrical, HVAC), and costly repairs to preserve its integrity and functionality.
Compact Living Space for Bedroom Count: With 5 bedrooms and 2 baths within 1,392 sqft, the living areas or individual bedrooms may be relatively compact, which could be a drawback for buyers seeking more spacious accommodations.
HPOZ & Permitting Restrictions: Any plans for ADUs or significant structural modifications are subject to city and HPOZ (Historic Preservation Overlay Zone) approval, which can introduce complex regulations, extended timelines, and potentially higher costs for development.