2516 Alcazar Street, Los Angeles, California 90033, Los Angeles, 90033 - 4 bed, 3 bath
ACTIVE$799,000
2516 Alcazar Street, Los Angeles, California 90033
4Beds
3Baths
1,552Sqft
7,495Lot
Price Vs. Estimate
The estimated value ($799,000) is $0 (0%) lower than the list price ($799,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income Potential & Versatility: The property is explicitly marketed as suitable for two families or conversion into student/campus/faculty housing, significantly enhanced by a junior ADU with a private entrance, kitchen, bedroom, and full bathroom, offering strong income-generating potential or multi-generational living options.
Top Cons:
Age of Property: Built in 1910, the home is over a century old, which may raise concerns about the condition of original infrastructure (e.g., plumbing, electrical, foundation) and potentially higher maintenance or renovation costs for prospective buyers.
Compared to the nearby listings
Price:$799.0K vs avg $700.0K (+$99,000)60%
Size:1,552 sqft vs avg 1,388 sqft53%
Price/sqft:$515 vs avg $49360%
More Insights
Built in 1910 (115 years old).
Condition: Despite being built in 1910, the property has undergone significant renovations, particularly evident in the 'upgraded kitchen' featuring stainless steel appliances, granite countertops, and light wood cabinetry, which appears to have been updated within the last 5-15 years. The main living areas and bathrooms are clean, functional, and move-in ready with consistent tile flooring and recessed lighting. While some minor cosmetic wear is visible in one bedroom's flooring, the overall condition, including the added junior ADU with its own kitchen and bath, indicates a well-maintained home that requires no immediate major renovations.
Year Built
1910
Close
-
List price
$799K
Original List price
$900K
Price/Sqft
$515
HOA
-
Days on market
-
Sold On
-
MLS number
TR25111266
Home ConditionGood
Features
Good View: City Lights, Mountain(s)
Patio
ViewCity Lights,Mountain(s)
About this home
New Price! Welcome to 2516 Alcazar Street, a charming and versatile home nestled in the vibrant El Sereno neighborhood, this home is big enough for two families or to convert it into a Student Housing, Campus Housing, Dorms or a Faculty Housing. This home offers about 1,550 square feet of well designed living space, providing ample room for comfortable everyday living and entertaining. Features an open floor plan with a large upgraded kitchen, sizable living room, 3 spacious bedrooms, 2 bathrooms including a junior ADU with private entrance from the side of the house with its own Kitchen, Bedroom and Full Bathroom. Conveniently Located just minutes from the 10fwy and 10 minutes to Downtown Los Angeles and a short distance to The USC's Health Sciences Campus, Keck School of Medicine, University Hospital and the Institute of Genetic Medicine, With nearby parks like Hazard Recreation Center and Kira Field Park. This home has so much to offer you have to see it....schedule your private tour today!
Price History
Date
Event
Price
10/02/02
Sold
$160,000
Condition Rating
Good
Despite being built in 1910, the property has undergone significant renovations, particularly evident in the 'upgraded kitchen' featuring stainless steel appliances, granite countertops, and light wood cabinetry, which appears to have been updated within the last 5-15 years. The main living areas and bathrooms are clean, functional, and move-in ready with consistent tile flooring and recessed lighting. While some minor cosmetic wear is visible in one bedroom's flooring, the overall condition, including the added junior ADU with its own kitchen and bath, indicates a well-maintained home that requires no immediate major renovations.
Pros & Cons
Pros
Income Potential & Versatility: The property is explicitly marketed as suitable for two families or conversion into student/campus/faculty housing, significantly enhanced by a junior ADU with a private entrance, kitchen, bedroom, and full bathroom, offering strong income-generating potential or multi-generational living options.
Prime Location & Accessibility: Strategically located just minutes from the 10 Freeway and a short 10-minute drive to Downtown Los Angeles, providing excellent connectivity and convenience for commuters.
Proximity to Major Institutions: Its close proximity to USC's Health Sciences Campus, Keck School of Medicine, University Hospital, and the Institute of Genetic Medicine makes it highly attractive to students, faculty, and medical professionals, ensuring a strong potential tenant pool or owner-occupant demographic.
Upgraded Interior Features: The home boasts an open floor plan and a large, upgraded kitchen, appealing to modern buyers seeking functional and aesthetically pleasing living spaces.
Views & Local Amenities: The property offers desirable city lights and mountain views, complemented by nearby recreational options like Hazard Recreation Center and Kira Field Park, enhancing lifestyle appeal.
Cons
Age of Property: Built in 1910, the home is over a century old, which may raise concerns about the condition of original infrastructure (e.g., plumbing, electrical, foundation) and potentially higher maintenance or renovation costs for prospective buyers.
Recent Price Reductions: The property has undergone a significant price reduction from $899,900 to $799,000, which could suggest a longer market time or an initial overvaluation, potentially impacting buyer confidence in its current market value.
Limited Overall Living Space: While offering a junior ADU and marketed for multi-family use, the total 1,550 square feet might feel compact for two distinct households, potentially limiting privacy or shared living comfort in the main residence.