2500 Juliet Street, Los Angeles, California 90007, Los Angeles, 90007 - 7 bed, 5 bath

2500 Juliet Street, Los Angeles, California 90007 home-pic-0
ACTIVE$1,575,000
2500 Juliet Street, Los Angeles, California 90007
7Beds
5Baths
2,771Sqft
6,770Lot

Price Vs. Estimate

The estimated value ($1,476,880.365) is $98,119.635 (6%) lower than the list price ($1,575,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Rental Income Potential: The property is suitable for a large family or student housing, offering substantial rental income potential due to its size and proximity to USC.
Top Cons:
Unpermitted Additions: The owner has added 2.5 baths and 1 bedroom without permits, which could create complications during the sale or future renovations.

Compared to the nearby listings

Price:$1.57M vs avg $860.0K (+$715,000)91%
Size:2,771 sqft vs avg 2,204 sqft82%
Price/sqft:$568 vs avg $56164%

More Insights

Built in 1906 (119 years old).
Condition: The property was built in 1906 but has undergone some remodeling, including a remodeled kitchen and new laminated flooring. However, the unpermitted additions and the age of the property suggest that while it has been updated, it likely requires further updates to bring it to modern standards. The bathrooms appear functional but not recently renovated. Therefore, a 'Fair' condition score is appropriate.
Year Built
1906
Close
-
List price
$1.57M
Original List price
$1.57M
Price/Sqft
$568
HOA
-
Days on market
-
Sold On
-
MLS number
25483141
Home ConditionFair
Features
Good View:
Patio
View-

About this home

This property features a total of approximately 3,620 sq. ft. of living space, including a spacious bonus attic with high ceilings, approximately 820 sq. ft., perfect for additional living space or a home office. This **VACANT** property is perfect for a large family or student housing, offering substantial rental income potential. The first and second floors provide around 2,800 sq. ft. of living area, combining historic Craftsman charm with modern updates. The stylish living room, with new modern laminated flooring and high-beamed ceilings, seamlessly connects to the dining area and remodeled kitchen.The master attic suite serves as a serene retreat with panoramic views. Additional bedrooms are generously sized and adaptable to various needs, including a cozy den. The home also features two laundry areas, one on the first floor and another in the bonus attic space, for added convenience.The expansive parking on the property can accommodate 10+ cars with double parking options, and the backyard is primed for a future ADU with LAR2 zoning. The detached garage offers storage or potential covered garage space.Located in a close-knit community with a rich history, the home is just blocks from Loren Miller Recreation Center and park, and 5-8 minutes from USC. The area is rapidly transforming with the upcoming George Lucas Museum and new West Adams restaurants. The home is within the USC Incentive Program boundaries (buyer to verify). **Disclosures:** the owner has added 2.5 baths and 1 bedroom without permits, and the attic has been converted into a bonus room of approximately 820 sq. ft. Selling as-is, this is a unique opportunity to own a blend of historic charm and modern luxury in a prime LA location. Don't miss out on this gem!

Price History

Date
Event
Price
12/27/23
Sold
$875,000
Condition Rating
Fair

The property was built in 1906 but has undergone some remodeling, including a remodeled kitchen and new laminated flooring. However, the unpermitted additions and the age of the property suggest that while it has been updated, it likely requires further updates to bring it to modern standards. The bathrooms appear functional but not recently renovated. Therefore, a 'Fair' condition score is appropriate.
Pros & Cons

Pros

High Rental Income Potential: The property is suitable for a large family or student housing, offering substantial rental income potential due to its size and proximity to USC.
Large Parking Capacity: The property features expansive parking that can accommodate 10+ cars, a significant advantage in a dense urban environment like Los Angeles.
ADU Potential: The backyard is primed for a future ADU (Accessory Dwelling Unit) due to the LAR2 zoning, offering the potential to increase property value and rental income.

Cons

Unpermitted Additions: The owner has added 2.5 baths and 1 bedroom without permits, which could create complications during the sale or future renovations.
As-Is Condition: The property is being sold as-is, potentially requiring the buyer to invest in repairs or upgrades.

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