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2438 W Avenue 30, Los Angeles, California 90065, Los Angeles, 90065 - 2 bed, 2 bath

2438 W Avenue 30, Los Angeles, California 90065 home-pic-0
ACTIVE$1,199,000$852/sqft
Est. Value: $955,663
-20%
AboveEstimate
2438 W Avenue 30, Los Angeles, California 90065
2Beds
2Baths
852Sqft
7,501Lot

Price Vs. Estimate

The estimated value ($955,662.95) is $243,337.05 (20%) lower than the list price ($1,199,000). 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 = 7501, living area = 852.
Top Cons:
Unpermitted Converted Living Space: The 700 sqft garage conversion into a 2-bed, 1-bath unit is explicitly stated as 'not permitted,' posing legal and financial risks for the buyer, including potential enforcement actions or difficulty with financing.

Compared to the nearby listings

Price:$1.20M vs avg $1.24M ($-36,110)45%
Size:852 sqft vs avg 1,609 sqft12%
Price/sqft:$1.4K vs avg $80098%

More Insights

Built in 1917 (109 years old).
Condition: Despite being built in 1917, this property has undergone a comprehensive and high-quality renovation, evident from the 'brand-new appliances' and modern finishes throughout. The kitchen features new white shaker cabinets, quartz countertops, and stainless steel appliances. Bathrooms are fully updated with modern vanities, tiling, and fixtures. New light-colored laminate flooring, fresh paint, and recessed lighting are consistent across both the main house and the converted living space. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance. While the converted garage is unpermitted, its physical condition and finishes are also excellent, aligning with the recent renovation of the main house.
Year Built
1917
Close
-
List price
$1.2M
Original List price
$1.3M
Price/Sqft
$1,407
HOA
-
Days on market
-
Sold On
-
MLS number
GD25053973
Home ConditionExcellent
Features
Patio
View-

About this home

Welcome to this beautifully remodeled home in a desirable upper Los Angeles neighborhood! This stunning 2-bedroom, 2-bathroom residence has been thoughtfully updated, featuring brand-new appliances—including a stove, washer and dryer, and a remote-controlled gate leading to a spacious, entertainment-friendly backyard. Living in the front house while renting the other, and you have access to build an ADU in the back. The front house is 1035 square feet and the garage has been converted to a living space of 700 square feet, 2 beds, 1 bath. Completely Renovated 2-Bed, 2-Bath Home with Additional Converted Living Space & large Lot, it's not permitted. The buyer is responsible for verifying the accuracy of the property's square footage. Additionally, the converted garage has been transformed into a 2-bedroom unit (buyer to verify permits, room count, and bathrooms), providing excellent flexibility for guests, rental income, or extended family. The expansive back lot offers a fantastic opportunity to add a senior ADU, making it an ideal investment property. One of the owners holds a real estate license.

S
Sean Madadian
Listing Agent

Price History

Date
Event
Price
10/31/24
Sold
$900,000
Condition Rating
Excellent
Despite being built in 1917, this property has undergone a comprehensive and high-quality renovation, evident from the 'brand-new appliances' and modern finishes throughout. The kitchen features new white shaker cabinets, quartz countertops, and stainless steel appliances. Bathrooms are fully updated with modern vanities, tiling, and fixtures. New light-colored laminate flooring, fresh paint, and recessed lighting are consistent across both the main house and the converted living space. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance. While the converted garage is unpermitted, its physical condition and finishes are also excellent, aligning with the recent renovation of the main house.
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 = 7501, living area = 852.
Extensive Remodel & Modern Updates: The property has undergone a beautiful and thoughtful remodel, featuring brand-new appliances (stove, washer, dryer) and a remote-controlled gate, offering a move-in ready experience.
Significant Income/Flexibility Potential: The converted garage, currently a 2-bedroom, 1-bath unit, provides excellent opportunities for rental income, guest accommodation, or extended family living.
ADU Development Opportunity: The expansive 7501 sqft lot offers ample space and potential for adding an Accessory Dwelling Unit (ADU), enhancing future value and income streams.
Desirable Los Angeles Neighborhood: Located in a sought-after upper Los Angeles neighborhood (Eagle Rock area), offering good community appeal and potential for appreciation.
Spacious & Entertainment-Friendly Backyard: The generous 7501 sqft lot size accommodates a spacious, entertainment-friendly backyard, a valuable amenity in urban settings.

Cons

Unpermitted Converted Living Space: The 700 sqft garage conversion into a 2-bed, 1-bath unit is explicitly stated as 'not permitted,' posing legal and financial risks for the buyer, including potential enforcement actions or difficulty with financing.
Square Footage Discrepancy & Verification Burden: There is conflicting information on square footage (852 sqft vs. 1035 sqft for the front house), and the buyer is responsible for verifying accuracy, which can complicate appraisal and financing.
Potentially Overpriced: The current list price of $1,199,000 is significantly higher than the property's estimated value of $955,662.95, suggesting it may be overpriced relative to market comparables.
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